Credit Card News
Don’t cut up all your credit cards
This week is likely to see many consumers receive their credit card bills covering the bulk of their Christmas spending. And, for some, the hangover of Christmas past could prompt them to consider cutting up their cards to force a cut back on spending in the future.
Cardholders take New Year opportunity to review finances
A third (32%) of Brits intended to make New Year resolutions and instead of thinking about the traditional 'health' related promise over half (57%) wanted to review their finances, according to research from Halifax credit cards.
Contactless prepaid watch wins OSCARDs Technology Award
Altair Financial Services International Plc (Altair) accepted the award for Best Technology at The OSCARDs Awards 2008 in Paris. Organised by Publi-News, the awards recognise innovations and client-focussed tangible benefits in the cards and payments sector.
Now shops need to catch up with the banks
Commenting on Barclays issuing contactless debit cards, Peter Harrison, cards expert at price comparison site moneysupermarket.com, said: "The main thing holding back contactless payments at the moment is the lack of retailers that have the necessary card readers.
Barclays goes contactless on debit cards
Barclays customers will soon be able to pay their way with the wave of a card as the bank is set to be the first in the UK to roll-out contactless VISA debit cards to its customers.
Lloyds TSB leads Christmas 'credit card website' league table
Independent research from customer experience benchmarking company, Global Reviews, has found that in the run up to Christmas, the Lloyds TSB Credit Card website continues to be top of the 'Credit Card Website' league table.
More than 4.5 million still paying for last Christmas
More than 4.5 million credit card customers still haven't cleared debts they ran up last Christmas as a new wave of festive expenditure approaches it's climax, new research from MoneyExpert.com shows.
Make that call to avoid holiday nightmare
People heading overseas are organised enough to ensure they have a passport but many of them are running the risk of not being able to pay for anything while they are there.
Brits favour credit card over cash for everyday purchases
New research from Sainsbury's Credit Cards has identified a breed of "everyday credit card users" who use their credit cards, as they would a debit card or cash, for everyday inexpensive purchases of £20 or less, and who clear their balances every month.
Credit card companies agree to play fair
Credit card companies have agreed with Government a new set of 'fair principles' that will put an end to overnight hikes in credit card charges and give much needed breathing space to borrowers struggling to repay their debts.
Millions miss out on reduced interest rates
Money website Fool.co.uk acknowledges the move by credit-card companies to "play fair" with customers. But many customers are still missing out on lower interest rates on their credit because they think Annual Percentage Rates (APRs) are set in stone.
Brits fall victim to festive fraud
Seventeen million of us Brits will be at the mercy of festive fraudsters this year, as bars and restaurants throughout the country fail to put in place proper security measures to protect their customers.
Egg forced to shell out for PPI sales failings
As the FSA announces that Egg has been fined £720,000 for serious failings in its sales of credit card payment protection insurance (PPI), Doug Taylor, head of personal finance campaigns at Which?, says:
Egg fined £721,000 and will compensate PPI customers
The Financial Services Authority (FSA) has fined Egg Banking plc £721,000 for serious failings in its sales of credit card payment protection insurance (PPI).
Saga Platinum credit card can help shoppers save this Christmas
Shoppers could save significant sums with a Saga Platinum credit card this Christmas. The card offers a good deal to customers whether they borrow on the card or pay their bill in full each month. Repayments are ordered fairly, so after interest and fees, the most expensive debt is cleared first, unlike most credit cards available in the UK.