Money Matters (Financial) Ltd

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Britain's biggest credit card company, Barclaycard, has been accused of acting irresponsibly after sending out letters to customers reminding them to take instant cash out of ATMs - but without mentioning the 27.4% interest that'll immediately accrue once they do so.

Factor in a minimum £2.50 fee for withdrawals, or 2.5% of the amount taken out and the deal looks even worse. More so when the letter suggests using the cash to buy minor items like a cup of coffee or a newspaper.

The initiative comes despite one of the most financially turbulent periods being witnessed in recent years as consumers rein in expenditure.