Credit Card News
Credit card white paper fails to tackle £900m of charges
Following the Government's spotlight on money making practices in the credit card industry, uSwitch.com's credit card review highlights three additional practices that need to be addressed.
Egg Money World MasterCard
Louise Bond comments on the launch of the Egg Money World MasterCard: "As fee paying credit cards go, £12 a year for the innovative new ‘packaged' style credit card from Egg is a bargain if you use the benefits.
Egg launches next generation credit card
Egg, the internet bank, is launching a new credit card offering a unique package of rewards and benefits for people who want to get the most out of their card. The Egg Money World MasterCard will cost just £1 a month and is available from 14 July.
BT Credit Card benefits now unlimited
BT has announced that it has ramped up the benefits of its unique credit card. This follows consultation with customers who said they wanted a simpler way of earning uncapped rewards from their BT Credit Card along with longer interest-free balance transfer periods.
Good riddance to credit card cheques
Andrew Hagger of Moneynet.co.uk comments on the announcement that the Government proposes to stop customers being mailed with unsolicited credit card cheques.
Credit card providers increase credit limits without consent
As the Governments' spotlight shines on the UK's credit card market in a new white paper, research from uSwitch.com reveals that 5.7 million consumers have seen their credit limit increased by an average of £1,538 in the past 12 months without their consent.
Rate tarts in a jam as balance transfer applications rejected
Almost 2 million consumers have been rejected for balance transfer deals in the last year, according to analysis from uSwitch.com. This represents 57% of all credit card rejections, forcing these consumers to fork out £535 million in interest payments in the next 12 months as they are unable to switch to a new provider.
Consumers get thrifty with their credit cards
Almost half the nation's credit card users are reining in their spending by just under an average of £100 a month or the equivalent of over £1,100 a year according to research from Tescocompare.com, the financial search engine.
Santander's offer to mark rebranding of Abbey credit cards
Rumina Hassam, personal finance expert at uSwitch.com, comments on Santander's celebratory offer to mark the rebranding of Abbey credit cards: "Being charged for using your credit card abroad has long been a raincloud on the holidaymaker's horizon.
Saga: Credit card APRs
Roger Ramsden, Chief Executive, Saga Personal Finance responds to the Moneyfacts report regarding increasing APRs on credit cards: "It is disappointing to see that despite a series of cuts to the Bank of England base rate, many credit card providers have increased the APR available on their products.
Abbey Credit Cards to rebrand as Santander
On Monday 15 June, Abbey will rebrand its credit cards as Santander. The rebrand follows last month's announcement that Santander's three UK businesses, Abbey, Alliance & Leicester and Bradford & Bingley Savings, will adopt the Santander global brand and name in 2010.
Credit card roulette - increase odds by checking your eligibility
Getting a credit card on good terms has become a harder task over the last couple of years, with providers scrutinizing credit records like never before.
New advice guide for using cards overseas
The UK Cards Association and ABTA, the travel association, have published a consumer advice guide - Using your card overseas - that provides tips and useful information for holidaymakers and business travellers who will be using their cards abroad.
Credit card costs continue to increase
The average credit card purchase rate continues to increase, today standing at 18.1%, up from 16.3% two years ago, according to Moneyfacts.co.uk.
Barclaycard contactless payment revolution continues
Barclaycard, the leading payment provider in the UK, has today announced that it is increasing its roll out of contactless enabled cards to Barclaycard Gold and Classic cardholders.