Credit Card News
Earn as you spend on credit cards
While credit cards have encountered considerable negative publicity recently with reports of accounts being closed and credit limits be reduced, there are still some worthwhile incentives being offered, and for those with good credit ratings who repay their entire balances each month, they are worth considering.
The cap no longer fits on credit cards
The number of credit cards with capped balance transfer fees is dwindling dramatically, according to MoneyExpert.com.
Nationwide voted most responsible credit card provider
Nationwide Building Society has received an award for "Most Responsible Credit Card Lending Practices" at this year's prestigious Card Awards, held at the Grosvenor House Hotel, London in January.
Nationwide: moneysupermarket.com credit card survey
Jeremy Wood, director for credit cards and banking at Nationwide, comments on today's moneysupermarket.com credit card survey: “I am pleased moneysupermarket.com has recognised the importance and impact of the order of payments credit card providers use.
The price of love
As Valentines Day draws closer, research from Halifax Credit Cards shows that last year the average male credit card holder in the UK spent £44 on flowers and £82 on eating out during February.
APACS welcomes OFT credit card report
On behalf of the credit card industry, APACS today welcomes the OFT’s report on improvements that can be made to help consumers compare credit cards.
Credit card shuffle continues as switching rises
More than 5.9 customers switched credit cards in the past six months as consumers battled to get debts under control, according to MoneyExpert.com.
OFT/FSA comparison site a step in the right direction
Nationwide Building Society sees the joint launch of a new credit card comparison site by the Office of Fair Trading (OFT) and the Financial Services Authority (FSA) as a valuable tool for consumers and a long-awaited addition to the industry.
Don't feel the cost of love this Valentine's day
This Valentine's Day, Nationwide Building Society warns couples not to make the same mistake as last year and instead avoid unnecessary charges while using their card abroad. The Society highlights some money saving tips to help couples to keep costs to a minimum.
Christmas spend on plastic cards reveals slower rate of growth
APACS, the UK payments association, has issued December 2007 spending figures, which show that spending on plastic over the Christmas period reached £32.2 billion, with £5.4 billion spent online.
Skiers warned about using credit cards abroad
Nationwide Building Society warns skiers to be aware of the danger of being caught out by the costly practice of Dynamic Currency Conversion (DCC).
The Co-operative Bank launches new affinity card
The Co-operative Bank has today launched its latest affinity credit card, with Friends of the Earth, offering a new and easy way to support the environmental charity.
moneysupermarket.com: backlash from Egg credit card holders
Steve Willey, head of credit cards at price comparison site moneysupermarket.com, said: "If Citigroup was simply stopping further credit card spending by riskier Egg customers, then it should be applauded.
Fool.co.uk: Egg’s credit-card policy changes
David Kuo, Head of Personal Finance at Fool.co.uk says: “We are not surprised that Egg has stopped 161,000 customers from spending more on their credit cards. This is only to be expected as banks review the quality of their customer base as the credit crunch unfolds.
Personal loans? Who needs them?
A borrower needing £10,000 could save £1,054 over a four-year term by using a series of 0% credit. card balance transfer offers instead of a personal loan.