Apacs welcomes credit card clarity by Finance News Bulletin

Published: 01/12/07

Apacs, the UK payments friendship, has backed the House of Lords in its stance on part 75 of the Consumer Credit do something, as it relates to credit cards Lords have long-established that the section, which has always been unclear relating to the use of credit cards, will cover purchases made overseas, irrespective of the kind of transaction usedAccording to Apacs, the decision is one that has been in the pipeline for some time and will lastly clear up the thorny issue of precisely how this act relates to the use of plastic such as credit cards exterior of the UKSandra Quinn, manager of corporate communications at Apacs, said: "From a customer's tip of view, this decision means no change as card companies had been meeting suitable overseas claims anyway

"Clearly the card manufacturing will need to consider the implications of today's ruling for their individual businesses"However, the company also warned customers that this ruling is no alternate for a travel insurance rule when purchasing overseas Moneysupermarketcom recently said that travel insurance is a must-have item for misplaced cash

Apacs welcomes credit

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