Credit Card News
Credit card users don't understand repayments hierarchy
The majority of credit card holders are unaware of a charging mechanism which could be costing them hundreds of pounds, according to research from moneysupermarket.com.
Capital One Progress card
Just in time for the Christmas shopping, Capital One unveils the Progress credit card which is designed for consumers that do not have a ‘squeaky clean' credit record.
Barclays contactless on film
Barclays has produced a short ‘vidcast' to help customers looking to find out more about contactless - the new quick and easy way to pay for small transactions on debit and credit cards.
Sainsbury’s credit card increases 0% introductory period
Sainsbury's Finance has increased the 0% introductory period on purchases on its credit card from three months to ten months and has reduced its typical APR from 16.9% to 15.9%, going against the current trend in the credit card market.
Over 50s could say thanks a billion to Saga
The media has rightly exposed some credit card companies for increasing interest rates at a...
Mobile Europeans to benefit from new direct debit scheme
Mobile European citizens including workers, students, holiday-home owners, tourists and retirees living abroad will be among those who will benefit from a new direct debit scheme.
Over 50s could say thanks a billion to Saga
The media has rightly exposed some credit card companies for increasing interest rates at a time when the Bank of England Base Rate has reduced.
Sainsbury’s credit card increases 0% introductory period
Sainsbury's Finance has increased the 0% introductory period on purchases on its credit card from three months to ten months and has reduced its typical APR from 16.9% to 15.9%, going against the current trend in the credit card market.
RBS offers existing customer only credit cards
As UK credit card customers miss 17.8 million credit card payments in the last year, this week the RBS group fights back against bad debt by restricting all credit card applications to existing customers only.
Credit cards battling over fees
Credit card providers are cutting balance transfer fees in the battle for customers at the same time as they cut back on zero per cent transfer deals, according to new research from MoneyExpert.com.
Beat postal disruption with mybarclaycard
Following the announcement of a possible national postal strike in October, Barclaycard is advising its customers to manage their accounts online with ‘mybarclaycard', its new online account management system.
Credit card users incur late payment fees due to postal strikes
Following reports of credit card customers incurring £150 million of late payment fees due to the recent postal strikes, Rumina Hassam, personal finance expert at uSwitch.com comments:
Barclaycard showcases contactless charity donations
On the 13 September, around 150 Barclaycard employees and customers were the first to use contactless technology to make donations of around £750 to three charities via specially designed and installed contactless payment terminals at the Oxo Tower in London.
Check eligibility for Barclaycard with new online service
Barclaycard has becomes the first provider in the UK to launch a credit card pre-application check. The simple, one step, online facility allows potential and existing customers to establish their likelihood of being eligible for a Barclaycard, without the need to complete a full application.
Minimise unsuccessful credit card applications
Confused.com has launched a new tool which enables customers to see how likely they are to be accepted for the credit cards offered on its site. Confused.com is the first price comparison site to offer this tool which, as well as being free to use, leaves no credit footprint.