P542 Teletext 542 Oct27 21:14:11       ——————————————————————————————  BUYING COVER - IS END ON THE CARDS? Two of the big players in the credit card market have withdrawn purchase protection cover from their products. Barclaycard recently decided to dispense with the indemnity it once offered to its customers and now Sainsbury's Bank has followed suit. Analysts have expressed fears this will start a trend, but other big players in the industry say they are happy to continue offering insurance. ——————————————————————————————————1/6—— by Simon Wilgress-Pipe DAILY LOTTO AND EUROMILLIONS p122 Tax Credit&debt Holiday £ Racing
P542 Teletext 542 Oct27 21:12:44       ——————————————————————————————  BUYING COVER - IS END ON THE CARDS? Barclaycard, which this month dispensed with offering purchase protection cover to its customers, was the first to introduce the benefit in the 1990s. A high-profile advertising campaign, featuring comedian Rowan Atkinson and a burning rug, trumpeted the insurance the firm was to offer customers. The deal was to provide customers with theft and d!mage cover for 90 days on up to £1,500 worth of goods. ——————————————————————————————————2/6—— Are you a Premium Bond winner? 539 GET AWAY FROM IT ALL! HOLIDAYS p200 Tax Credit&debt Holiday £ Racing
P542 Teletext 542 Oct27 21:02:24       ——————————————————————————————  BUYING COVER - IS END ON THE CARDS? Purchase protection cover is available on 70% of all UK credit cards, finance comparison website Moneyfacts.co.uk reveals. Examples include: Cahoot — 90 days cover for items up to £3,500. Nationwide — 100 days cover for items up to £15,000. Halifax One — 60 days cover for items up to £2,500. Virgin Money — 100 days cover for items up to £1,000. ——————————————————————————————————3/6—— "Best buy" home loan rates 536 STAGE REVIEWS AND LISTINGS p330 Tax Credit&debt Holiday £ Racing
P542 Teletext 542 Oct27 21:10:11       ——————————————————————————————  BUYING COVER - IS END ON THE CARDS? Tough market conditions are likely to have prompted the cessation of purchase protection cover by Barclaycard and Sainsbury's Bank, analysts say. Spokesman Andrew Hagger of finance website Moneyfacts.co.uk believes the cutbacks were an indication that both companies were looking for new ways to maintain profit margins. "The market is fiercely competitive at the moment," he adds. ——————————————————————————————————4/6—— Latest rates on National Savings 540 YOUR STARS p308-9 LOVESTARS p148 Tax Credit&debt Holiday £ Racing
P542 Teletext 542 Oct27 21:18:16       ——————————————————————————————  BUYING COVER - IS END ON THE CARDS? Credit analysts are concerned the withdrawal of purchase protection cover by Barclaycard and Sainsbury's Bank will start a negative trend. Finance website Moneyfacts.co.uk says it will monitor the sector closely over the coming weeks. Other providers are adamant they will not follow suit. Halifax says it has no plans to withdraw cover from its One card. ——————————————————————————————————5/6—— "Best buy" personal loans 546 DAILY LOTTO AND EUROMILLIONS p122 Tax Credit&debt Holiday £ Racing
P542 Teletext 542 Oct27 21:11:02       ——————————————————————————————  BUYING COVER - IS END ON THE CARDS? Barclaycard's decision to withdraw purchase protection cover from its credit card was part of a general overhaul, the company insists. Spokesman Ian Barber says interest rates have improved and a free warranty service on electrical goods has been extended from one year to two. "Research showed us that purchase cover was the least valued of our benefits," he adds. ——————————————————————————————————6/6—— "Best buy" credit card deals 546 CITY NEWS HEADLINES p500 Tax Credit&debt Holiday £ Racing