Credit Card News
Debit cards continued to be consumers' first choice
For the 7th year running, debit cards continued to dominate consumer card spending, accounting for 62 per cent of the total plastic card spending during the year, according to APACS, the UK payments association.
Use your credit card wisely and save thousands
Michelle Slade, analyst at Moneyfacts.co.uk comments: "With families' disposable income greatly reduced, many will be reaching for their credit cards to buy some luxuries over the summer. Whether it's a family holiday or days out, the costs can soon mount up.
Shoppers expect to spend £7.89 billion
There is some speculation that British consumers will be tightening their belts in the face of economic uncertainty but despite this, new research from Sainsbury's Credit Cards indicates that this summer, people are planning to spend an estimated £7.89 billion in the sales.
ASDA fuel discounts keep customers on the road
June 2008 and it's being rumoured that Mayor Boris and David Beckham will appear at the Beijing closing ceremony on-board a Routemaster bus.
Football credit cards may not be the best financial tactic
Football fans attracted by their team’s affinity credit card offerings this season should defend their financial position by checking out the alternative borrowing deals on the market before signing up, advises data comparison site Moneynet.co.uk.
Six credit cards to have a holiday with
Typically, credit-card users have to pay an extra 2% when they use their cards abroad. This means an extra £20 will be added to every £1,000 spent. However, consumers can now choose from one of half a dozen cards that won't penalise you when you buy goods and services overseas.
Credit cards - chop and change
David Black, Principal Consultant of Banking for Defaqto.com says: "Credit card rates generally have increased to the detriment of the consumer but it remains the case that the industry offers its best deals to new customers.
£17 billion lent on credit cards without proof of income
Over 4.8 million credit cards (84%) have been issued in the last 12 months without proof of income or outgoings, according to uSwitch.com.
FLA responds to Conservative Party on store cards
The Finance & Leasing Association (FLA) responded to the Conservative Party's call to introduce a seven-day "cooling-off period" for store cards.
Competition Commission outsmarted by sneaky store cards
Despite new rules to protect the UK's 11 million store card-holders, analysis by money website Fool.co.uk reveals that stores are still ripping off customers, with some charging almost 50% more interest on their store cards than credit cards.
How to get a gap year on a shoestring
Students relishing thoughts of ‘schools out' and who are about to embark on a gap year trip need to consider how to stretch their cash as far as possible if they want to be able to stay the distance.
Nationwide provides extra peace of mind on Father's Day
Buying a gift for Father's Day on 15 June? Nationwide Building Society is reminding consumers that many electrical goods, including ideal gifts for Dads, are now covered free of charge under extended warranty insurance when purchased on Nationwide credit cards.
Sefton Credit Union launches prepaid card service
Liverpool-based community savings and loan co-operative, Sefton Credit Union, has become the first in the UK to adopt Alliance & Leicester Commercial Bank's upgraded prepaid card self-service facility.
Younger people and men most at risk of Card and ID fraud
Younger people and men are most at risk of Card and ID fraud according to research by Saga credit card. Those aged under 50 are most likely to have multiple cards, making it harder to spot unusual activity, and they also have a blasé attitude to the risks of card and ID fraud.
Credit card competition heats up
Samantha Owens, Head of Personal Finance at Moneyfacts.co.uk, comments: "Competition in the balance transfer and introductory rate market continues to grow this week with Capital One extending its 0% deals for both purchases and transfers to 1.9.09.