Lloyds TSB to charge consumers for not using cards by Finance News Bulletin

Published: 04/01/08

As a number of charge and rate increases hits the credit card market, it is "more important than ever" that people supermarket around for a good deal, according to WhichInternet shoppers have been advised to use their credit cards for online purchases by shopsafeco

ukLloyds TSB has written to its praise customer to inform them that if they do not use their certificate regularly, they will be subject to an annual feeAccording to the lender, the move is meant at the one per cent of TSB credit card customers who do not use their cardsCustomers who desire to avoid such a accuse can cancel their card by writing to the bank or using their certificate to make purchases

As an added incentive, Lloyds TSB are offering consumers nothing per cent interest for three months from MarchA spokeswoman defended the choice, saying: "It costs the bank money to issue cards to clientele who are not using them This is intended to get them to create to do so"The bank said it recorded profits of £4

25 billion for 2006, with the insurance and savings

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