News in brief:
The Economist’s 1843 on ‘Class War In The Airport Lounge’
Intelligent Life, the quarterly lifestyle glossy from The Economist, was recently relaunched with a new title 1843.
The new edition features, on its back page, an article by Adrian Wooldridge. It outlines his journey through British Airways Executive Club status. He is clearly not a Head for Points reader, however, as it seems that he missed achieving Gold by 30 tier points and didn’t seem to know a) that he could ring BA for a one week extension or b) how to get 30 tier points quickly and cheaply.
It is well worth a read and you can find it here.
Did you know, for example, that in The Republic Plato argues that citizens come in three types: Gold, Silver and Bronze?
As the article concludes:
We Britons understand the value of keeping the classes divided while holding out the possibility of social promotion. BA’s slogan is ‘one world’ [er, no!] but its genius is to understand that, however interconnected humans become, it still pays to divide them into gold, silver and bronze.
0% fee and 0% interest for 18 months on Post Office Money Platinum MasterCard
The Post Office dropped me a note last week to promote a new 22 month 0% balance transfer deal on its Platinum MasterCard.
I feature the Post Office card on HFP because it is one of only a handful of credit cards which are both FREE and have no foreign exchange fees on purchases abroad.
Whilst the Halifax Clarity card is a little better than the Post Office one for overseas use because Clarity also has no FX fees on overseas cash withdrawals, the new offer of:
0% interest for 22 months on balance transfers, and
0% fee on your balance transfer
will be interesting for some people. This means that you can move an existing balance from any other credit card, fee free, to the Post Office card and pay no interest until early 2018. You should definitely clear your balance at that point, however, as the representative APR is 17.8% variable. This is NOT a card where you want to be paying interest.
You can still make new purchases without impacting your 0% balance transfer as your monthly repayment must, by law, be used to pay off the highest APR transactions first – which means paying off your fresh spending. This would still allow you to benefit from the 0% fees on foreign exchange transactions which is, of course, the key benefit for HFP readers. More details of the Post Office Platinum card and this offer can be found here.
Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. By recommending credit cards on this site, I am – technically – acting as a credit broker. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.
(Want to earn more miles and points from credit cards? Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)