Credit Card News
Card firms cash in on missed payments
Credit card customers have paid out up to £50 million in penalty fees for missing payments in the past six months, new MoneyExpert.com research shows.
Barclaycard OnePulse – new name, design and website
Barclaycard has unveiled the new look and name of its unique card which will combine Oyster, credit and contactless functionalities.
Virgin Money launches ‘Pay As You Go’ card
Virgin Money has launched a new pre-paid card called Pay As You Go.
New best buy credit card from Halifax
Michelle Slade, Analyst at Moneyfacts.co.uk, comments: “After a recent shake up of Halifax cards, with the drastic shortening of some 0% deals, Halifax has turned its attention to the standard rate market. The Flat Rate MasterCard is available online with a standard purchase rate of 8.9% - this is marketing leading.
Record amount spent on plastic cards
The total value of plastic card payments received by UK merchants, retailers and service providers has more than trebled in the last ten years, according to a report launched by APACS, the UK payments association.
MoneyExpert.com: Barclaycard’s Breathe credit card
Sean Gardner, Chief Executive of MoneyExpert.com, said: “Barclaycard’s Breathe card is a genuine breath of fresh air in the credit card market which measures up to its claim to offer savings as well as helping worldwide and UK environment projects.
moneysupermarket.com: Launch of Barclaycard Breathe
Commenting on the launch of Barclaycard Breathe, Rob Kenley, head of credit cards at price comparison website moneysupermarket.com, said: “There is a growing recognition by financial providers that people are becoming motivated by ethical concerns in all areas of their lives, including the credit cards they use.
Barclaycard Breathe - Green or just green wash?
Michelle Slade, analyst from Moneyfacts.co.uk, investigates: “Today sees the long awaited full launch of the new ‘green’ credit card from Barclaycard. For some time now we have known this product was coming, but until now the full details of rates, deals and fees have not been known.
Barclaycard launches Barclaycard Breathe
Barclaycard is to launch the UK’s first credit card aimed at helping to tackle climate change and promoting greener spending.
Cater Allen announces innovative Visa deferred-debit card
Cater Allen, one of the UK’s oldest and most prestigious private banks, announces the availability of its VISA Deferred-Debit Card.
Simpler cards is a must
Michelle Slade, Personal Finance Analyst at Moneyfacts.co.uk, comments: “It’s heartening to see that the OFT is taking note of the Which? super complaint. Credit cards have become too complex, even for some within the industry, so what chance does the man on the street have?
BoS and Halifax credit cards take a turn for the worse
Michelle Slade, Personal Finance Analyst at Moneyfacts.co.uk, comments: “These market leading ‘12 month’ One cards from Halifax and Bank of Scotland were launched earlier this year, offering an impressive 12 months 0% on purchases. But this week sees these deals become far less attractive.
M&S Money wins 'Best Credit Card Provider'
M&S Money has won the first Which? award for Best Credit Card Provider.
OFT called on to close £38m loophole
Credit card users who suffer a £12 default charge are being hit by a loophole not spotted by the Office of Fair Trading.
OFT's shy response to Which?'s super-complaint
As the Office of Fair Trading (OFT) announces its response to Which?’s super-complaint into credit card interest calculation methods,Peter Vicary-Smith, Chief Executive, Which?, says: “We presented the OFT with a simple problem - that multiple interest calculation methods were preventing consumers from picking the best credit card - and instead of tackling this head on it has chosen to do a wider review.