Credit Card News
Credit cards – a balancing act
Forty one per cent of credit card users have had a balance outstanding on their main credit card for a year or more, with a shocking 14 per cent saying they have held debt on their card for over five years, according to research from moneysupermarket.com.
AA Euro Prepaid Card with rewards
AA Financial Services has added The AA Euro Travel Currency MasterCard Prepaid Card to its growing portfolio, just in time for Autumn breaks across the channel.
Hidden card charges rack up costs for consumers
Paying by card can increase costs by up to 200 per cent, according to new research from Which? Money.
Four in ten adults worry about their personal debt
Four in ten adults in Britain (almost 19 million people) are worried about their debt, according to research by R3, the insolvency trade body.
MBNA launches new credit cards
MBNA has announced the launch of two new products in the UK credit card market. The products offer different deals; one for customers looking to switch balances to a market leading balance transfer product; and another that offers 12 months at 0% on both balance transfers and card purchases.
Slow credit markets in July
At a time when significant new consumer protection measures are being implemented in the financial services sector, latest figures show that consumer credit markets remain subdued.
Increase in credit cards restricted to existing customers
Analysis by independent financial research company Defaqto has revealed an increasing trend for credit cards to be restricted to existing customers.
Consumer spending on cards soars in August
Consumer spending on cards saw a near double digit increase in August compared to the same month last year, challenging concerns that talk of reduced public spending is already forcing consumers to be more cautious.
100 days until Christmas – get your finances in festive shape
For many hard-pressed Brits, Christmas seems a long way off and the thought of the additional pressure it will have on their finances will lead to many people deciding to ignore it until the last minute.
Police bust fake credit card factory
Two fraudsters who ran a lucrative credit card factory and were found with a hoard of jewellery, gold ingots and antique stamps have been sentenced today, 15 September, to a total of over five years in prison.
Rising debit card usage could be costly to travelling Brits
As consumers shun archaic payment methods for more convenient debit cards, Caxton FX warn that slipping into ‘default mode' and using your bank card whilst abroad is costing Brits £144m in unnecessary fees.
Families should shop around for best travel credit card deals
Many parents are concerned they could get stung by a variety of holiday ‘rip-offs’ – including charges on travel credit cards – according to Post Office Travel Money’s new Family Holiday Report.
Payments revolution gathers pace as cheque usage plummets
The total value of payments in the UK economy fell 0.6% in the second quarter of 2010, according to the latest data from the Payments Council.
Confused.com - Sainsbury’s Gold Credit Card
Chris Griffiths, head of Credit Cards at Confused.com, said: "It's good news for consumers who are planning to go away that another provider has launched a competitive card geared for travelling.
Sainsbury’s Gold Credit Card
Sainsbury's Finance has launched its revolutionary new credit card, promising to shake-up the current credit card market. The Sainsbury's Gold Credit Card has been designed with a range of attractive benefits for consumers when travelling and staying at home, and is the only one of its kind.