Credit Card News
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.
Christmas shoppers set to miss out on £347 of rewarding spend
On average, Christmas shoppers expect to spend a total of £439 this festive period (£182 on food and drink and £257 on presents), according to research from M&S Bank.
Now boarding: up to £70 of savings with airport offers from American Express
American Express Card members jetting off during the busy festive season can earn up to £70 worth of statement credits when they add offers to their Card through Foursquare and shop at participating airport shops.
Almost half of Brits to use credit and overdrafts to cover Christmas
Almost half of Brits (46%) will turn to credit cards, store cards and overdrafts to cover the cost of Christmas this year, according to the Money Advice Service’s annual Christmas spending survey.
New 3 year fixed rate credit card from The Co-operative Bank
The Co-operative Bank is launching a three year fixed rate credit card, with no annual or balance transfer fees.
Win back the cost of Christmas with M&S Credit Card
M&S Credit Card customers will automatically be entered into a prize draw to win back the cost of Christmas every time they make a purchase using their M&S Credit Card between now and 31st December.