Credit Card News
Debt enquiries expected to surge
With many consumers looking to reduce their New Year debts, Richard Napier, Nationwide's head of credit cards and personal loans, talks about the options consumers have to help them get over their Christmas debt hangover.
Nearly 20 million Brits have not switched on to switching
2009 will definitely be remembered as the year we tried to tighten our belts. However, according to new research by comparison site Gocompare.com, nearly 20 million UK consumers haven't switched providers for everyday financial services and utilities in the last 12 months.
Banks push to become one-stop shops
Banks are increasingly focussing their sales efforts on their existing customers as they seek to cater for all their customers' financial needs.
Halifax gives current account customers extra Rewards
'Rewards' are available to any Halifax customer that funds their current account with £1,000 or more each month or holds an Ultimate Reward Current Account.
4.5 million Brits to transfer credit card balance
More than 4.5 million Britons (10 per cent) are planning to move in excess of £3.2 billion pounds between credit cards in the first three months of 2010, to take advantage of introductory balance transfer periods, new research from Santander Cards has revealed.
Spending on credit and debit cards up this Christmas
Barclaycard Payment Acceptance, one of the largest processors of debit and credit card transactions in the UK has announced that shoppers spent more on debit and credit cards from 19 December to 31 December compared to the same period last year.
10 ways to save in 2010
Turning over a new financial leaf with the start of the new decade could save consumers at least £1,000 by the time the year is out, says Which?
Christmas Eve spending rush
Many people have left their Christmas shopping until the last minute, with up to 13.3 million people planning to hit the shops on Christmas Eve, according to new research from Sainsbury's Credit Cards.
Where we live shapes how we pay
The Payments Council has created an online, interactive map to demonstrate the varied payment attitudes, preferences and behaviours that can be seen in the different regions across the UK.
£120m to be spent online on Christmas Day
This Christmas an estimated 4.3 million shoppers will go online and spend £120 million, at an average of £27.90 each, says IMRG.
Mortgage lending in November holds up
While mortgage lending continued to hold-up in November unsecured loans to consumers dropped further while personal deposits increased by less than in recent months, according to the British Bankers Association (BBA).
Danger consumers lose out shopping around for loans
The Treasury Committee has released a Report, Credit Searches, which calls on the Office of Fair Trading and the Information Commissioner's Office to investigate the fairness of a part of the credit market.
Christmas transactions peaked on 19th December
Data released by Barclaycard Payment Acceptance which processes credit and debit card payments for some 88,000 retailers, shows shops experienced a lunchtime rush last Saturday as transactions peaked at 370 per second at 12.48 pm.
Older people not phased by withdrawal of cheques
Proposals to phase out cheques by 2018 will not have the huge impact on older people that many are predicting according to over 50s experts.
Santander Zero wins top European Award
Santander Zero has won Best European Credit Card in the Service Category at the 2009 Oscards. The awards, which took place last night in Paris, aim to promote cards as modern and innovative forms of payment and recognise and reward excellence within the industry.