Credit Card News
Control your credit card and reap the benefits
Mentioning the word ‘cashback' in the title of a financial product is a sure way to catch the eye of a potential customer. The prospect of receiving a payment from your lender or provider can be both refreshing and appealing to many customers, particularly those looking for credit cards.
Over 50s manage money with multiple credit cards
The over 50s own more plastic than any other age group, with one in two (49%) saying they use more than one credit card to manage their finances and 7% say they carry five or more credit cards in their wallets.
Fewer 0% credit card deals
Andrew Hagger comments on the latest credit card research from Moneynet.co.uk: With bad debts top of the agenda for most credit card lenders, it's no surprise to see that the number of interest free balance transfer deals has started to decline.
Fall in UK personal debt levels
Peter Harrison, head of credit cards at moneysupermarket.com, said: "It is encouraging to see a reduction in UK consumer debt levels although this doesn't mean that the love affair with credit is at an end.
Amex introducing fees to dormant credit card holders
Commenting on American Express introducing fees to dormant credit card holders, Peter Harrison, credit cards expert at monysupermarket.com said; "This new dormancy charge from American Express is no great surprise.
Barclaycard launches new online account service
Barclaycard announces that it has launched mybarclaycard - a new online account servicing system that will make it simpler for customers to monitor and manage their account.
Reward credit cards harder to find
Credit cards that offer a reward scheme are becoming harder to find, according to new research from Sainsbury's Credit Cards.
Barclaycard announces further help for UK customers
Barclaycard today, 10 August, announces initial success for its early assistance scheme for customers who may be experiencing financial difficulty.
Brits give more to charities by card than ever before
Figures published by The UK Cards Association show that donations to charitable organisations on plastic cards reached £1.19 billion in 2008 - up from £1.01 billion in 2007 - an increase of 18%.
Brits cling on to unused credit cards
As unemployment hits 2.38 million and credit card rejections reach 3.32 million in the past 12 months, it seems 16.3 million consumers are clinging onto at least two additional credit card accounts that they no longer use, in what seems to be a desperate bid to keep a financial safety net.
O2 fee free pre-paid cards
Joanne Garcia, Head of Credit Cards at Confused.com comments on the launch of O2's fee free pre-paid cards.
O2 and NatWest launch two new prepaid cards
Commenting on O2's partnership with NatWest on the launch of two new prepaid cards, ‘Cash Manager' and ‘Load & Go', Kevin Mountford, head of banking at moneysupermarket.com said: "It is interesting to see partnerships like this emerge in the current economic climate.
O2 and NatWest fee free pre-paid Visa debit cards
In response to O2 and NatWest's launch of fee free pre-paid Visa debit cards, Louise Bond, personal finance expert at uSwitch.com, comments: "These fee free pre-paid cards have hit the market at exactly the right time in the economic downturn.
O2 launches fee free pre-paid Visa debit cards
O2 has partnered with NatWest to make its debut in the personal finance market with the launch of O2 Money, a new business within O2 that will seek to advance the increasing synergies between mobile and money.
Clear Credit Card sees 10% sales uplift
The current economic climate calls for simple uncomplicated banking services and products, which is why The Co-operative Bank Clear Credit Card is a best-seller with a 10% uplift in sales over the past 12 months.