Credit Card News

Samantha Owens, Head of Personal Finance at Moneyfacts.co.uk, comments: "Competition in the balance transfer and introductory rate market continues to grow this week with Capital One extending its 0% deals for both purchases and transfers to 1.9.09.

Michelle Slade, analyst at Moneyfacts.co.uk, comments: "With increasing costs on all household bills, many people are relying on their credit card to get by each month. But these people are going to find themselves out of pocket as purchase and cash rates, along with charges, continue to increase.

American Express is launching a new travel rewards Card available from 22 May 2008. The Blue Sky Card provides 1 point for virtually every £1 spent on the card.

Credit crunched British families planning a break in the Spanish sunshine face a double blow this half term. Faced with a weak Pound against the Euro and extortionate airport currency exchange rates their holiday money might not stretch as far as hoped.

Credit card providers have left no stone unturned in their mission to recover the millions of pounds lost through significant bad debt write-offs and the reduction in penalty fees imposed on the industry by the Office of Fair Trading in July 2006.

The Bank of England left interest rates unchanged today. However, one in three (29%) Fool.co.uk readers believe the Central Bank should increase the cost of borrowing.

MBNA and Miles & More, Europe's largest frequent flyer programme, announce the launch of a new credit card.

Nearly three in five Brits (57 per cent) will be forced to cut their holiday spending this year according to research from pre-paid currency card provider FairFX.com.

Barclaycard and InterContinental Hotel Group (IHG) have come together to launch the Priority Club Rewards Visa credit card.

Saga Personal Finance has officially launched the Saga Platinum Visa Card, which it believes offers a fairer deal to customers whether they spend or borrow.

A spokesperson for MoneyExpert.com said: "This is the only card on the market, which won't penalise you for taking out cash abroad and could be a valuable addition for holidaymakers.

Abbey has thrown down another challenge to the credit card industry with the launch of its new ‘Zero' card. It is the first ever card to offer no balance transfer fee, no foreign exchange fee and no cash advance fee on the same card.

Despite credit becoming tighter it makes sense to ensure that you're still getting the best deal you can on your credit card and Defaqto have compiled ten tips to help consumers find the best deal and to avoid the pitfalls.

Ten million UK adults are gambling with their money by using the same PIN for all of their debit and credit cards.

Credit card companies have turned down applications from more than 3.24 million people in the past six months as they continue to turn the screws on risky lending, new research from MoneyExpert.com reveals.