Credit Card News
M&S Credit Card increases 0% purchase offer to 15 months
M&S Money is introducing a new offer of 0% on all purchases with the M&S Credit Card for 15 months from account opening for new customers.
Brits wasting £2.3 billion in credit card interest
Credit card users are wasting £2.3 billion a year in interest payments by simply letting debt sit on their existing credit card. Research from moneysupermarket.com has found almost half (46 per cent) of credit card users do not pay off their credit card in full, with the average debt being held for 10 months before being paid.
Consolidate debt for less with MBNA’s Rate for Life Credit Card
Consumers looking to consolidate high interest bearing debts on a lower long term rate should consider an exclusive online credit card from MBNA.
Sainsbury's Gold Card offers free overseas cash withdrawals
Around 380,000 Brits will withdraw the equivalent of £236.4 million in foreign currency over next week's half-term break, according to analysis from Sainsbury's Credit Cards.
Orange Cash - contactless prepaid card
Orange launches Orange Cash, the UK’s first major contactless prepaid MasterCard card. Allowing customers to take total control of their spending, the prepaid card is a secure alternative to carrying around cash and can be used in over 30 million locations that accept MasterCard within the UK and abroad, as well as online.
Save money on credit card charges by setting up a direct debit
Whilst Government changes enforcing a positive order of repayments on credit cards are saving consumers an estimated £500 a year, research from Confused.com shows that UK consumers are collectively wasting £150 million per year on unnecessary late credit card payment charges.
Earn over £500 a year with a cashback credit card
Consumers funding their monthly expenditure on a cashback credit card and depositing their salary in a high interest current account could earn themselves £549 a year according to moneysupermarket.com.
Which? to launch super-complaint against card surcharges
Which? has announced plans to launch a super-complaint against the surcharges that many companies impose when customers pay with a debit or credit card.
Eight million Brits missed payments last year
Over eight million Brits missed paying regular monthly bills last year, putting their credit profile at risk and making it harder for them to be accepted for credit in the future.
Halifax Clarity card introduces balance transfer cashback offer
Halifax Clarity card is introducing a balance transfer cashback offer for new customers throughout February.
Average credit card rate hits 13 year high
Increased competition in the credit card market at the end of the 1990s meant rates started to fall, dropping to their lowest level in 2006.
Credit cards plug post-Christmas pay gap
Over 11.5 million people (34 per cent of credit card holders) spent the first month of 2011 relying on their credit cards to fund day-to-day living costs, according to the fourth annual Post Office Consumer Credit Report.
Shop safe and protect your PC
MBNA is offering a year's complimentary online security protection to millions of its UK customers. The security software is being provided by McAfee, the world's largest dedicated security company. Soaring levels of online shopping are seeing customers demanding greater security from credit card companies.
Ensure you’re not in the credit reject pile this year
Over a quarter of UK credit applicants (25 per cent) have been turned down for a credit card or loan over the last year, meaning almost 4.5 million Brits have risked damaging their credit profile.
Store card spending falls by 25%
Figures from the Finance & Leasing Association (FLA) show that consumers are continuing to exercise caution in spending.