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Warning issued for millions born after 1992 who have a MastercardMillions are set to receive up to £70 each following the Competition Appeal Tribunal final approval, following a landmark

class action against Mastercard, which dates back to 2016.What's OnJames Rodger Content Editor06:06, 04 Jun 2025Millions are set to receive up to £70 each following the Competition Appeal

Tribunal final approval, following a landmark class action against Mastercard, which dates back to 2016. A warning has been issued to millions of people with a Mastercard who were born

BEFORE 1992. Millions are set to receive up to £70 each following the Competition Appeal Tribunal final approval, following a landmark class action against Mastercard, which dates back to

2016.

Money Saving Expert explained: "Did you miss it? Check whether you're due up to £70 from Mastercard - even if you've NEVER had one. We published our new guide last week - it's been huge - so

if you missed it, see Mastercard compensation."

‌ To qualify, you lived in the UK for at least three months in a row between 1997 and 2008. For England, Northern Ireland and Wales, the exact period is 20 June 1997 and 21 June 2008. For

Scotland, it's 22 May 1992 to 21 June 2008 – the period is longer in Scotland as it has different legal rules around time limits for claims.

‌ READ MORE All the parts of England set for 'at least 30C' next week in UK heatwave

You must have been aged 16 or over for the entirety of those three months, too.

Article continues below This age requirement was put in place because those aged 16 or over were considered "more likely to have suffered loss on their own account" (in other words, they

were more likely to be spending their own money), given the working age in the UK.

"Crucially, this means that anyone born on or after 22 March 1992 ISN'T eligible and can't claim," MSE said.

BBC and ITV star Martin Lewis said: "The staggering thing about this Mastercard compensation case is the 'even if you never had one' - the net is spread very far and wide."

Article continues below He added: "Check now if you're due up to £70 from Mastercard - even if you've NEVER had one. Millions are in line for compensation after the card firm settled a

landmark legal case against it out of court..."

Walter Merricks, the former financial ombudsman, launched his claim after the European Commission ruled in 2007 that Mastercard’s “multilateral interchange fees” charged to businesses had

since 1992 infringed competition law.

He alleged that 46 million shoppers in Britain were ripped off after fees were wrongly levied on transactions made over a 15-year period between 1992 and 2008.