0% purchase card
A type of credit card that offers a promotional interest-free offer on any purchases made using the card until a set date or for a set amount of time. ...more
01 and 02 numbers
Geographic or 'landline' numbers which can usually be called as part of inclusive mobile phone allowances in the UK. ...more
03 numbers cost around the same as a national rate call to a 01 or 02 number. According to Directgov, calls to 03 numbers "must also count towards any inclusive minutes in a phone contract in the same way as 01 and 02 calls"....more
0800 and 0808 numbers
Freephone numbers which are free to call from landline telephones. In order to call 0800 and 0808 numbers from a mobile phone, you normally need to leave off the first 0. Calls to 0800 and 0808 numbers are not usually free to call from mobile phones, and are not usually included in your monthly inclusive allowance....more
A 'non-geographic' number charged at up to 5p per minute from landlines. Calls to 0844 numbers from a mobile telephone are usually a lot more expensive....more
A 'non-geographic' number charged at up to 3.95p per minute from landlines. Calls to 0845 numbers from a mobile telephone are usually a lot more expensive....more
A 'non-geographic' number charged at up to 7.9p per minute from landlines. Calls to 0870 numbers from a mobile telephone are usually a lot more expensive....more
A 'non-geographic' number charged at up to 10p per minute from landlines. Calls to 0871 numbers from a mobile telephone are usually a lot more expensive....more
A set of conditions that must be met in order to be given a credit facility like a credit card or loan....more
Added value bank account
A type of current account that comes with added features such as travel insurance, breakdown cover and reduced overdraft fees....more
The term given to a person who has a card linked back to the principal cardholder?s credit card account....more
The box on a webpage into which you enter addresses of websites, commonly referred to as URLs....more
American Express is a multinational financial services company based New York.
Annual Equivalent Rate (AER)
The amount you will be given for any money held in a savings account is presented to you as a percentage Annual Equivalent Rate (%AER).
The AER is given to demonstrate what your interest return would be if the interest was compounded and paid annually instead of any other period (e.g. monthly)....more
The yearly fee charged by on credit cards for the use of the product....more
Annual income is the sum total of that you earn in a calender (or financial) year. what you earn as wage or salary per year....more
The total amount you earn from employment in a calander (or financial) year....more
APR (Annual Percentage Rate)
The percentage amount of interest you will pay on any money you borrow from a lender.
It is there as a means of comparison so that you can compare how much it will cost you per year to borrow money from different providers.
ATM (a.k.a. cash machine)
Automated Teller Machines, or ATMs, are the machines used to withdraw cash from bank accounts when it is inconvenient to use a branch of the bank.
Bad credit loan
A loan specificly designed for individuals who have previously struggled to control the credit made available to them....more
Bad credit rating
Bad or Adverse credit rating is a term used to describe an individual whose credit score (as determined by one of the credit reference agencies) is considered low....more
Balance transfer calculator
A tool or widget designed to make quick calculations regarding the possible savings which could be achieved by switching card....more
Balance transfer credit card
Credit Cards designed with an introductory 0% period for customers looking to switch their balance from one issuer to another...more
Balance transfer fee
The amount (typically displayed as a percentage) a credit card company will charge customers to transfer an existing balance to them....more
A generic term used to collectively describe accounts offered by banks ...more
In finance a a bond refers to debt security....more
A bounced payment refers to occasions where debit requests make on banks when individuals do not have suffient funds to make a payment....more
Charge cards, although sometimes classified as a type of credit card, are different to credit cards because the balance has to be paid off in full each month....more
A credit card is a method of making a payment for goods and services named after the small card given to users to access the payment facility....more
Gross per annum (gross p.a.)
The amount of interest you receive will be worked out as a gross per annum percentage. 'Gross' means before tax has been deducted and 'per annum' means each year....more
You are said to be in negative equity when you buy something for a lot more than it's worth.
The term is used to describe those homeowners who have taken out a mortgage on their house which then decreases in value....more
Pet insurance is cover you buy for your pet in the event of illness or accident. This cover is primarily there to pay for any vet bills that accumulate in the course of getting your pet back to full health....more
An act which involves sending a consumer an email falsely claiming to be from an established legitimate company with the aim of tricking the consumer into providing private/secure/confidential information....more
A type of phishing (see glossary entry 'Phishing') carried out via a mobile phone Short Message Service (SMS), or 'text message'....more
Top-up loan (a.k.a. second mortgage)
A top-up loan is an additional loan given by a lender to a borrower as an extension of a previous loan. The top-up loan most commonly occurs with mortgage lending where the lender gives the borrower an additional loan to ?top up? their existing borrowing to a higher level.
Any day of the week which is not one of the following (in England and Wales): Saturday, Sunday, a public holiday or a bank holiday....more