Credit Card News
It’s time to cut your spending before your bank does it for you
One in eight card holders (12%) in the UK have had their credit limits cut according to latest data from independent personal finance website Fool.co.uk. Their spending limits have been pruned back by about 7%. One in a hundred card users (1%) have even had their cards cancelled.
Credit card crunch as customers miss payments
More than five million people have missed monthly payments on credit cards in the past six months, new MoneyExpert.com research shows. And that is a two per cent increase on the previous six months.
Got the post Christmas credit card blues?
Andrew Hagger, head of news and press at Moneyfacts.co.uk shows just how much consumers can save, not only on their credit card, but also on their energy and insurance bills whilst they’re at it.
Spread the cost of your Christmas spending
With the festive season over, research from Sainsbury’s Finance shows that only 61% of people expect to clear their Christmas expenditure within one month. Some 483,000 expect it to take more than a year to do so - 71% of these people are women.
Borrowers urged to get the best value credit card deal
One in four credit card holders will be starting the New Year more dependent on credit than in 2007, with 41 per cent intending to rely on their credit card for day to day living costs such as grocery shopping, according to research from the Post Office.
Almost 5.5 million Brits missed payments last year
Nearly 5.5 million consumers missed payments last year, putting their credit rating at risk, according to research by price comparison site moneysupermarket.com.
The cards are stacked against you
It’s the time of year when most people will be dreading the day their credit card bill hits the doormat, unveiling the true extent of their festive spend.
bmi American Express credit cards from MBNA
MBNA has announced the launch of two new credit cards with bmi after signing a new deal to provide credit cards for Heathrow’s second largest airline.
New Year means new credit card for 2.6 million customers
Up to 2.6 million credit card customers plan to start the New Year by transferring credit card debts run up at Christmas , new research from MoneyExpert.com shows.
Halifax launches new Plus Credit Card
Halifax is launching the best all round 0% deal on the high street with the introduction of its new Halifax Plus Credit Card.
Credit cards – breaking the mould
In recent times the credit card industry has done little to encourage customer loyalty, preferring instead to pursue new customers with a wide range of enticing introductory deals, such as 0% balance transfers, 0% purchase or enhanced introductory cash backs.
Brits to shed £9bn Christmas pounds in New Year card shuffle
More than three million British credit cardholders (7 per cent) are planning to shift at least £8.99 billion excess pounds to new credit cards in the New Year according to research from Abbey credit cards.
Shoppers make ready for refund rush
In the days following Christmas, rather than preparing for the January sales, UK retailers are busy refunding, according to new research by Halifax Credit Cards.
MINT, NatWest and RBS credit cards reveal trio of new deals
Royal Bank of Scotland Group (RBS) launch a trio of market-leading credit card deals for the New Year.
Wishing you a merry Christmas and many happy returns
If you venture out to the shops just after Christmas, it's likely you are one of two types of people; the hardcore bargain hunter or those returning unwanted or faulty gifts.