AA credit card repayments to change

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AA credit card repayments to change

AA credit card repayments are to undergo changes from September 1st 2010, which AA Financial Services claims will benefit customers.

Under the modifications, remuneration that does not cover the full balance will first be put towards balances that have the highest rates of interest.

"This means that balances with lower interest rates, such as those at zero per cent promotional rates, will be paid off last," the company said.

AA Financial Services director Mark Huggins added: "The AA welcomes this positive move, which will save money each month for any customers who have balances at different rates."

The changes will be brought in four months earlier than a government-set deadline for financial companies to make voluntary changes to credit customer rights.

Last month, it was announced that the AA was extending its credit card deal, offering ten months of zero per cent interest on all purchases, to every online consumer. It has previously only been available through price comparison websites.

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