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Credit Card News

Britain’s “IOU Ostriches” could face future financial disappointment

One in two UK adults (47%) is an “IOU Ostrich” - believing themselves to have a strong credit history, but burying their head in the sand when it comes to understanding the reality, running a real risk of future financial disappointment.

8.6 million credit card holders plan to switch to a 0% interest card in the first half of the year

Around 8.6 million savvy spenders could switch credit card providers in the first six months of the year to take advantage of a card charging no interest, according to research from Sainsbury’s Bank Credit Cards.

MBNA retains credit card crown at Consumer Moneyfacts Awards 2015

MBNA has been voted Credit Card Provider of the Year for the second year running at the prestigious Consumer Moneyfacts Awards 2015, beating competition from a large number of rivals vying for the accolade.

Families “starting the year in the red” with record demand for credit

Citizens Advice has warned that whilst credit card debt is the second most common debt problem it helps people with, more are now getting help with priority debts like council tax as they struggle with everyday costs.

HSBC credit card now available to customers without an HSBC current account

HSBC credit cards are now available to those without an HSBC current account. New and existing customers can apply for a credit card on HSBC’s website.

Halifax improves All in One credit card with reduced transfer fees

Halifax is further improving its All in One credit card by reducing the fee on balance transfers to just 1% for balances transferred in the first 90 days.

Credit cards are not just for shopping

If your wallet contains a credit card, you may only use it for doing the shopping or to help spread the cost of bigger purchases. However, the humble credit card is pressed into a variety of other uses that it was never designed for – as two in five (38%) people admit to finding other uses for the plastic in their wallet.

Nationwide helps customers manage Christmas debt

Nationwide Building Society is wishing customers a Happy New Year as it offers a significantly reduced balance transfer fee on its credit cards from today (5 January 2015).

Lloyds Bank enhances credit card range

Lloyds Bank has enhanced its credit card range ahead of the New Year with the launch of its longest ever balance transfer card, lasting 34 months with an effective balance transfer fee of 3%.

MBNA enhances Platinum credit card with lower fee

MBNA has enhanced the MBNA Platinum credit card, now offering a handling fee of 2.20 percent on all transfers – money transfers and balance transfers – made in the first 60 days of account opening.

More than one in three credit reports contain errors

Mistakes on credit reports could wrongly be contributing to millions of British consumers being refused credit or unfairly missing out on the best rates for financial products, according to new research from uSwitch.com.

Santander enhances its 1|2|3 Credit Card

Santander has simplified its range of credit cards to make it even easier for customers to get the card that is right for them.

More than half of credit card holders opt for reward cards

More than half of all credit card users now hold a reward-based card (57%), with 37 per cent saying they chose their main credit card because of the rewards it offers, according to research from M&S Bank.

Over half of UK’s festive shoppers will rely on plastic this year

Just over half (51%) of Christmas shoppers will be relying on credit cards to cover the cost of their festive spending this year, and on average it will take three months to repay the debt.

Brits worried about saving face while shopping

When it comes to the financial issues that most stress Britons out, being embarrassed while out shopping because their card is declined or they can’t take out cash ranks highly.