Possible £70 coming

[klondike]

From my money saving expert newsletter.

In a nutshell, the claim alleged that Mastercard's fees were too high, making it more expensive for retailers to accept card payments. Retailers then allegedly passed on these increased costs to consumers through higher prices for goods and services – meaning even those who've never had a Mastercard were potentially affected.
For lots more detail about the legal claim and the UK settlement, see our full case timeline below.

The link below also gives info on eligibility which I'm betting is just about all here.....


https://www.moneysavingexpert.com/reclaim/mastercard-compensation-claim/

Can't claim yet but worth keeping an eye on the claim portal page mentioned

https://mastercardconsumerclaim.co.uk/

[Diasi]

Thanks.

[Mups]

They were saying something about this on telly this morning.
I believe they said you don't have to claim,  you will automatically be send an email and refund if you are due for it.

Is it only for people with a Mastercard though?  I didn't fully understand it all.

[klondike]

The case was about their charges putting up prices in general. Don't forget that shops were prevented from charging CC users a higher price. Doesn't stop HMG for car tax though I've noticed.

If you read the article that says you more or less only need to have been in the country over some period I forget and have bought stuff. No proof needed.

It's a class action. This is what the claim portal says about the class (those able to claim)...

Am I a member of the class?
You are automatically a member of the class if you (i) lived in the UK (for at least a continuous period of three months) between 22 May 1992 and 21 June 2008; (ii) were aged 16 or over during this time; (iii) (for non-business purposes) bought goods and services from businesses selling in the UK, irrespective of the means of payment used; and (iv) were living in the UK on 6 September 2016.

[GrannyMac]

I had an M&S Mastercard for years.  Fingers crossed 🤞🏼 

[klondike]

I've had a credit card just about forever but whether Mastercard or Visa I couldn't say. I even had an Amex card for a while. You don't need to have had any at all to claim though.

On the topic of varieties I wonder if anybody will bring a case against Visa next as exactly the same argument applies.

I buy just about everything on credit card as there are two advantages. You get good legal protection on purchases when buying with a credit card over cash or debit card and there are cashback cards too. Mine pays ½% on most purchases. I set up a DD to pay off in full every month so don't get stung by the outrageous interest charges and get up to 2 months and at least one month interest free credit.

[GrannyMac]

I use a credit card for most things, pay it off in full by DD every month too.  Hassle free and there are rewards although I don't use cashback.

[JBR]

I use a credit card for most things, pay it off in full by DD every month too.  Hassle free and there are rewards although I don't use cashback.

Me too.  I haven't used cash for a long time now, and certainly don't possess a single note or coin!
We went to the pub yesterday for a drink.  Simple: just tapped my card on their machine.
On other occasions, we usually add a gratuity when paying for a meal, and that is also simple using a card.

[Mups]

Just heard this morning that Nationwide are paying  £100 to some customers next month.

https://www.thisismoney.co.uk/money/saving/article-14757677/Nationwide-reveals-100-Fairer-Share-payment-time-YOU-qualify-Junes-payout.html

[klondike]

Savings account or mortgage needed as well as the current account.

I moved all my savings away years ago as better rates were available elsewhere. I did get the earlier one. If they are gong to make this a requirement for bonuses in future I'll maybe get my own from somewhere else by transferring to them. Moving current accounts is easy these days and there is always somebody offering a hundred or more to switch.

Could maybe cop the next one by opening a savings account and stashing some cash in it. Too late to get this one. Will make a note to check it out later

[1955vintage]

Mist me!

[Mups]

Savings account or mortgage needed as well as the current account.

I moved all my savings away years ago as better rates were available elsewhere. I did get the earlier one. If they are gong to make this a requirement for bonuses in future I'll maybe get my own from somewhere else by transferring to them. Moving current accounts is easy these days and there is always somebody offering a hundred or more to switch.

Could maybe cop the next one by opening a savings account and stashing some cash in it. Too late to get this one. Will make a note to check it out later

Shouldn't think many of us still have a mortgage at our age.

Anyway,  as you said,  this is what is needed:

"To be eligible for the payment, Nationwide members must have either a current account and savings account, or a current account and a mortgage."