Credit Card News
American Express comments on increased travel cover cost
Responding to reports that credit card companies have increased travel cover, American Express can confirm that in April 2006 it broadened the travel services offered on its Platinum Charge Card.
Credit card & store card PPI
Andrew Hagger: Head of News and Press at moneyfacts.co.uk comments: “PPI is a subject rarely out of the personal finance news these days, but let’s hope that the long overdue decision by the OFT to refer the matter to the Competition Commission signals some much needed light at the end of the tunnel for UK consumers.
Credit card travel insurance bonus
Credit card providers have improved the travel insurance perks on offer to cardholders, according to analysis by MoneyExpert.com.
Lloyds move to implement £35 fee for credit card customers
Lloyds latest move to implement a £35 fee for credit card customers that ‘display low usage’ is set to generate a total income of £1.79 million.
UK leads the way in chip and PIN rollout
Wednesday 14 February 2007 marks the one-year anniversary of PIN Day - the official change over to chip and PIN in the UK. To recognise this milestone, APACS, the UK payments association, has issued an update on the successful progress of chip and PIN.
New chip and pin innovation set to eradicate internet fraud
Commenting on the anniversary of chip and PIN, Robert Kenley, head of credit cards at moneysupermarket.com, said: “A year on, chip and PIN has made a significant impact on reducing card fraud, indeed, figures show that total card fraud is down by five per cent.
February offers credit card customers a great deal
Halifax Credit Cards has announced that its online exclusive One Card featuring 0% for 12 months on both balance transfers and purchases will be available until the end of February.
Don’t let Valentine’s Day be a drain on your wallet
If you’re planning a romantic weekend in Paris to celebrate Valentine’s Day with your beloved, don’t let the costs of spending abroad be a drain on your wallet says Find.co.uk, one of the UK’s leading consumer finance portals.
OFT refers the PPI market to the Competition Commission
The OFT has referred the UK payment protection insurance (PPI) market to the Competition Commission (CC) for further investigation.
Credit Card PPI – Do you have it? What it covers? Or what it costs?
Michelle Slade, analyst at moneyfacts.co.uk comments: “As we await the outcome of the OFT review into the sales process and pricing of PPI, much attention over the last few months has focused on the issues of personal loan insurance. But with £54.9 billion outstanding credit card debt in December 2006, the credit card PPI market is equally important.
The true cost of missing a credit card payment
Just one missed credit card payment could mean a cost of £278, a loss of all introductory card benefits and potentially a damaged credit profile, according to new analysis.
Up to £50 cash-back with a Valentine’s deal from Barclaycard
Barclaycard is rewarding love struck customers with a cash-back offer of ten percent on all purchases made at Thorntons, H Samuel and Interflora between the 5th and 14th of February.
Alliance & Leicester MoneyBack proves plastic is fantastic
Hundreds of thousands Alliance & Leicester MoneyBack credit card customers cashed in on a share of a bumper £7 million payout during January. A number of credit card customers have now seen the direct benefits of MoneyBack with cash credited back to their accounts.
December spending on plastic cards reaches record high
Spending on plastic over the Christmas period reached a record £31 billion, according to APACS, the UK payments association.
New Mums mean new business
Becoming a mum is likely to be the most common incentive for women starting up their own business this year, research reveals.