Credit Cards Online Information

MILLIONS of holidaymakers will get the same legal protection when they use their credit cards abroad as in Britain under a key ruling today.

The Appeal Court overturned an earlier High Court decision that card users' legal "money back" rights did not apply overseas.

Three card companies - Lloyds TSB, Tesco Personal Finance (part of the Royal Bank of Scotland group) and American Express Services Europe - argued that they could not be held responsible for 29 million shops, restaurants, hotels and other suppliers all over the world.

Credit card lenders are legally obliged to return money to customers when they buy faulty goods.

Today three Appeal Court judges backed an appeal from the Office of Fair Trading and ruled there was nothing in the legislation to suggest a distinction between UK and foreign transactions.

# posted by Medical Information : 4:14 AM