Credit Card News

With the approach of the new academic term, Barclaycard will be offering students clear advice on the benefits of using credit and the potential downsides of debt plus advice on borrowing responsibly.

The average student credit card balance is just under £220, according to research from the Halifax.

The credit card industry has dramatically increased its use of reward schemes, but research from Sainsbury's Credit Cards suggests many offer a poor proposition and it is calling for greater transparency around their value and how they can be used.

Credit card customers whose zero per cent balance transfer deals have expired or are close to expiring face rising interest rates imposed by providers hoping to cash in on rate tarts, according to MoneyExpert.com.

In their latest release dated 22 August, ‘Forecast is hot for fraud this Bank Holiday', CPP offers incorrect information when claiming that Spain and France are "... the top spots where Brits fall victim to card theft".

With the August bank holiday just around the corner, thousands of Brits will be heading off to make the most of the long weekend.

Halifax has launched an exclusive credit card bonus for new and existing banking customers.

Splashing out on a brand new summer or autumn wardrobe may cost shoppers far more than they had initially expected, according to Alliance & Leicester Personal Loans.

The Dedicated Cheque and Plastic Crime Unit (DCPCU) - the special police unit that tackles cheque and card fraud crime in the UK - has raided a sophisticated counterfeit card factory in Birmingham. Two people have been arrested in connection with this raid and were charged late last night (12 August) with conspiracy to defraud.

M-Cube announces that it will waive all purchase and delivery fees for UK customers choosing its Aspinall Foundation Maestro prepaid card.

Michelle Slade, analyst at Moneyfacts.co.uk, comments: "As prices continue to rise, many more consumers are seeing their credit card bills increase.

The average credit card interest rate has hit 17.4% as card firms turn up the heat on borrowers in the credit crunch, according to new analysis by MoneyExpert.com.

If you are looking for the functionality of a credit card but want to avoid the risk of debt, then a prepaid credit card could be the answer, says leading online comparison site Fairinvestment.co.uk.

PayPal, the secure online payment provider, is launching a new prepaid top up card, available nationwide from 1st August 2008. The PayPal Top Up card is a reloadable VISA card and can be used almost anywhere the VISA symbol is displayed, in high street stores as well as websites.

The new Money Express prepaid card launched as a joint payroll payment card and international money share product, offers a simple solution to migrant workers across a wide range of industries who may find it difficult to open a bank account and those who need to share money with friends and family.