Credit Card News
OFT credit card default charges - two years on
In April 2006 the Office of Fair Trading (OFT) declared that default charges on credit cards were too high and suggested capping these at £12.
Oops! Credit card customers waste £500 million
In just six months time, all credit card providers will be obliged to include on statements details of the order of payments they use.
Cost of plastic increases as consumers find credit hard to come by
The cost of owing money on a credit card has increased over the past six months as credit card companies look to clampdown on problem borrowers, according to MoneyExpert.com.
Credit card customers go online
As household budgets tighten many credit card customers will be looking for better deals. New research from Global Reviews reveals that the majority of credit card customers prefer to research, apply and manage their credit card accounts online, however, the quality of credit card provider websites varies widely.
The right card saves pounds on your euros
Over four million Brits holidaying in Europe this month will not only find themselves hammered by an ever weakening pound, but also by hefty foreign exchange fees and transaction charges if they don't use the best credit or debit card.
MoneyExpert.com: Halifax All-in-One credit card
Sean Gardner, Chief Executive of MoneyExpert.com, said: "Halifax's All-in-One card looks like a pretty generous offer in a market where as many as five million of us are struggling to make repayments and some credit card companies are either looking to dump customers or reduce the credit limits of certain customers.
Credit card users get smart
Halifax has teamed up with smart, part of the Mercedes-Benz group, and the Woodland Trust to launch a new credit card which aims to provide a practical solution to a better environment with a number of unique features.
The rise of the credit card loan
The credit card has seen many changes in recent times, ranging from superficial alterations such as shape and imagery to more important transformations such as Chip and PIN. However, a quieter credit card revolution is taking place, and it might be the most profound change of them all.
Halifax launches new All-in-One Card
Today sees the launch of the new Halifax All-in-One Card. The All-in-One credit card offers 0% for 10 months on both balance transfers and purchases.
Credit card companies withdraw £3.1 billion in credit limit cuts
Credit card companies have clawed back some £3.1 billion worth of credit by cutting the spending limits of their customers, according to MoneyExpert.com.
Money for nothing as £4.25 billion goes begging
The credit crunch might be squeezing people’s finances but some 83 per cent of customers have still failed to cash in on some £4.25 billion worth of gift vouchers, credit notes, loyalty points and air miles, according to new research from MoneyExpert.com.
The Co-operative Bank relaunches fixed rate platinum credit card
The Co-operative Bank relaunches its unique fixed rate platinum credit card, with a highly competitive five-year fixed rate of 9.9% APR.
Clydesdale Financial Services to reduce store card default charges
Following an approach by the OFT, Clydesdale Financial Services Limited, a wholly owned subsidiary of Barclays Bank plc, has decided to reduce its store card default charges from £22.50 to £12 with effect from today.
Think less and save more
The Co-operative Bank is lowering the rate on its think credit card from 1 April 2008. This will enable even more customers to take advantage of an ethical credit card with a competitive rate and at 12.9% APR typical variable; it will offer customers the lowest APR in the ethical credit card market.
Trafford Housing Trust to introduce prepaid card scheme
Manchester’s Trafford Housing Trust, which manages 9,500 properties in the city, is to introduce a prepaid card scheme to enable staff to make ad-hoc purchases.