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Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
Residential
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - Life Insurance
Life InsuranceFor peace of mind that your loved ones will be supported financially after you die, consider taking our life insurance. Find out more and compare policies.
Home & vehicle
Health & travel
Featured - Switching deals
In need of a cash boost?Providers often entice new customers with cash incentives for moving current accounts. Compare deals and find out how to make the switch:
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
Other Star Ratings categories
The first open banking-powered credit card is set to be launched by Keebo, which aims to offer credit to those who would traditionally be rejected for a credit card.
The fintech company, Keebo, is using open banking to check the credit worthiness of those who may not have been able to build up a credit score, such as young people and expats, and who would often be rejected by credit card lenders as a result.
Keebo’s credit card will be the first in the UK to offer an open banking-powered credit card. The company has stated that it plans to use the information gathered through open banking to lend to those who are creditworthy by looking at their finances overall, including maintaining direct debits and savings, and not just their credit history.
Along with using open banking to check the creditworthiness of borrowers, Keebo is also aiming to use the service to warn consumers if they are about to financially overextend themselves.
No information about when the card will be launched, what APR will be charged and what level of credit limit will be offered has been revealed yet. Interested consumers can, however, sign up to the waitlist to get easy access
Visit our credit card chart to compare all the credit card deals currently available.
Open banking gives third-party financial service providers open access to a consumer’s banking, transaction and other financial data from banks and financial institutions using application programming interfaces. Consumers have to give permission to the third-party financial service allowing them access to financial data through open banking.
Financial service providers cannot access a consumer’s information through open banking without their consent, so consumers should be careful that they only grant permission to Financial Conduct Authority (FCA) regulated providers. Regulated providers will only be able to access information needed for the service the consumer has signed up to and agreed they can access. In addition to this, providers must comply with data protection rules, which means the provider should tell consumers which data it will use, how long for and what it will do with the information before the consumer agrees to them accessing their data.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes a new leading easy access ISA from Moneybox, and an increased three-year fixed ISA from Shawbrook Bank.
The number of loan and credit card providers dropped during the third quarter of 2024, while average interest rates increased. See what this could mean for you.
The number of loan and credit card providers dropped during the third quarter of 2024, while average interest rates increased.
Meanwhile, the average credit card purchase APR has reached a record high. Find out more.
Meanwhile, the average credit card purchase APR has reached a record high.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes a new leading easy access ISA from Moneybox, and an increased three-year fixed ISA from Shawbrook Bank.
The number of loan and credit card providers dropped during the third quarter of 2024, while average interest rates increased. See what this could mean for you.
The number of loan and credit card providers dropped during the third quarter of 2024, while average interest rates increased.
Meanwhile, the average credit card purchase APR has reached a record high. Find out more.
Meanwhile, the average credit card purchase APR has reached a record high.
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.