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Michelle Slade, analyst at Moneyfacts.co.uk, comments: "As prices continue to rise, many more consumers are seeing their credit card bills increase.
Card firms turn the screw as average rate hits 17.4%
The average credit card interest rate has hit 17.4% as card firms turn up the heat on borrowers in the credit crunch, according to new analysis by MoneyExpert.com.
Prepaid credit card market to be worth £4.5billion by 2010
If you are looking for the functionality of a credit card but want to avoid the risk of debt, then a prepaid credit card could be the answer, says leading online comparison site Fairinvestment.co.uk.
PayPal launches prepaid card - ‘PayPal top up card'
PayPal, the secure online payment provider, is launching a new prepaid top up card, available nationwide from 1st August 2008. The PayPal Top Up card is a reloadable VISA card and can be used almost anywhere the VISA symbol is displayed, in high street stores as well as websites.
Newcastle launches Money Express MasterCard prepaid card
The new Money Express prepaid card launched as a joint payroll payment card and international money share product, offers a simple solution to migrant workers across a wide range of industries who may find it difficult to open a bank account and those who need to share money with friends and family.
Majority of people not cutting back on holiday spending
At the start of the school holidays, as many people begin their travels abroad to sunnier climes, new research by The Co-operative Bank Credit Cards has shown that despite fears over rising inflation the majority of people (53%) will not be cutting back on holiday spending this year.
Credit card firms take a bite out of consumers
Nearly a third (31 per cent) of credit cardholders have had the APR on their existing card hiked in the past year, according to research from price comparison site moneysupermarket.com.
ASDA: Poor returns on credit card reward schemes
Nigel Costello, Head of Card and Loans, ASDA Financial Services suggests ‘try something new' with a card that delivers real value at the point of sale (or instantly) .
Credit card firms cash in on ATM withdrawals
Credit card firms are cashing in on customers who use their plastic to take out cash from an ATM, according to new analysis by MoneyExpert.com.
It's debt-free heaven at 47
Money website Fool.co.uk finds that 47 is the magic age when the number of people with credit card debt is surpassed by those without it. From a peak age of 28, where two thirds (66%) have credit-card debts, numbers decline sharply to half (50%) of people in their mid 30s.
Poor returns on credit card reward schemes
The majority of people with loyalty schemes linked to their cards are not claiming their rewards. New research from Sainsbury's Credit Cards reveals that during the last 12 months, some 8.19 million people have collected rewards linked to their credit cards but only 3 million have actually bothered to claim them.
Pre-paid cards set for holiday take-off
Pre-paid cards are set to take a major slice of holidaymakers' annual spending on plastic this year as tourists bid to keep summer spending under control, Virgin Money believes.
Britain's credometer reaches boiling point
While we already owe a disturbing £55.6 billion on our credit cards, but this is small change compared to the further £102 billion people could borrow if they chose to max out their cards.
Capital One launches low rate credit card
Capital One has launched a new 'Low Rate Credit Card' offering a competitive 8.5% APR typical variable on balance transfers and purchases.
Newcastle opens the way for charity donations with prepaid cards
Newcastle Building Society, together with M-Cube Media, reports the great success in setting up their latest joint venture - The Aspinall Foundation Prepaid Maestro card - a card that will raise essential funds for the conservation of western lowland gorillas.