Credit Card News

Halifax has teamed up with smart, part of the Mercedes-Benz group, and the Woodland Trust to launch a new credit card which aims to provide a practical solution to a better environment with a number of unique features.

The credit card has seen many changes in recent times, ranging from superficial alterations such as shape and imagery to more important transformations such as Chip and PIN. However, a quieter credit card revolution is taking place, and it might be the most profound change of them all.

Today sees the launch of the new Halifax All-in-One Card. The All-in-One credit card offers 0% for 10 months on both balance transfers and purchases.

Credit card companies have clawed back some £3.1 billion worth of credit by cutting the spending limits of their customers, according to MoneyExpert.com.

The credit crunch might be squeezing people’s finances but some 83 per cent of customers have still failed to cash in on some £4.25 billion worth of gift vouchers, credit notes, loyalty points and air miles, according to new research from MoneyExpert.com.

The Co-operative Bank relaunches its unique fixed rate platinum credit card, with a highly competitive five-year fixed rate of 9.9% APR.

Following an approach by the OFT, Clydesdale Financial Services Limited, a wholly owned subsidiary of Barclays Bank plc, has decided to reduce its store card default charges from £22.50 to £12 with effect from today.

The Co-operative Bank is lowering the rate on its think credit card from 1 April 2008. This will enable even more customers to take advantage of an ethical credit card with a competitive rate and at 12.9% APR typical variable; it will offer customers the lowest APR in the ethical credit card market.

Manchester’s Trafford Housing Trust, which manages 9,500 properties in the city, is to introduce a prepaid card scheme to enable staff to make ad-hoc purchases.

M&S Money is offering 0% interest for six months on the M&S Credit Card for purchases and balance transfers from Tuesday 1st April 2008.

Commenting on the new creditbuilder facility that is now available with the cashplus gold card, developed by Advanced Payment Solutions through its relationship with the UK’s leading credit rating agency,

EAT, Commidea Ltd and Barclaycard Business are breaking new ground in the retail industry with developments in contactless payment technology. EAT a leading sandwich, soup and coffee shop, has become the first retailer in the UK to introduce a fully integrated contactless payment system.

At a time when 69 per cent of people would prefer to shop on the internet with a credit card because they feel it is safer, Abbey Banking put different card fraud prevention options to the test.

British holidaymakers will be charged a whopping £686 million for using their cards abroad this year, according to research from uSwitch.com.

More than half of credit card customers pay off their credit card balance in full each month, thereby reaping the benefits of paying by credit card whilst avoiding paying any interest, according to new research from fairinvestment.co.uk.