Credit Card News
Credit card spending on the up in 2007
Credit card spending is set to increase by 68 per cent in the first three months of 2007, compared to the same period last year, according to new research from the Morgan Stanley Card Index.
Over £1.5 million donated through HBOS charity cards
Three charities received a total donation of over £1.5 million from Halifax and Bank of Scotland credit cards and their customers during 2006.
Taking the PPI - how credit card companies take your wallet for a ride
It’s January Sales’ time and the world of finance is never one to be left out, with banks bringing out their 0% deals once more to entice consumers to take on fresh credit. However, attractive packaging can often hide a multitude of ‘nasties’, says Moneyextra.com, which is urging consumers to look at the deals offered by credit card companies more closely.
New lower rates for Barclaycard’s Premiership and Charity credit cards
From today (23rd January 2007), Barclaycard Premiership and Barclaycard Charity cards will have a new lower typical APR of 14.9%, a reduction from the previous rate of 17.9%.
Curing the Christmas debt hangover
January is payback time for the UK’s 31 million plus credit card users who spent an estimated £11.4 billion on their credit cards this Christmas – an average of £360 per cardholder.
i24 card celebrates first birthday with perks for every cardholder
Morgan Stanley i24 cardholders will be celebrating the Card’s first anniversary this month having redeemed an average of £1,050 worth of benefits over the last 12 months.
Lloyds TSB launches pre-paid travel money card
Lloyds TSB has launched a pre-paid Travel Money Card as a more convenient alternative to cash or travellers’ cheques providing a safe way to take money abroad.
Don’t be left in the cold when using cards abroad
Over £70 million lost by holidaymakers in unnecessary bank charges last winter, Nationwide Building Society is urging winter holidaymakers not to make the same mistake as last year and to instead avoid unnecessary bank charges.
Asian Tsunami was tipping point for charitable giving on plastic
The Asian Tsunami disaster in December 2004 saw an overwhelming reaction from the British public – in the month that followed cardholders donated over £100 million on debit and credit cards. The Pakistan earthquake saw a similar spike in October 2005 as donations hit £45 million.
Avoid the Christmas card spending trap
With one weekend left before Christmas, store cards offering discounts and special offers can seem an attractive way to purchase last minute presents, but Alliance & Leicester is warning of the repercussions of using store cards for your festive shopping, which could leave you £1500 out of pocket.
Small firms seek payment card advice close to home
Britain's small firms prefer to turn to their peers for advice when it comes to choosing the right payment card for their business, according to new research from MasterCard Global Commercial Products.
A wake up call for store card users
Despite numerous warnings about the dangers of store cards, there are still around 11 million accounts in existence. While it appears that most consumers use their store cards with care, a survey conducted by www.fool.co.uk reveals that a significant minority may be sleepwalking into danger - 1 in 16 people who don’t know what their cards cost, also don’t settle their account in full.
Free purchase protection worth £1,533 on the cards
Millions of Christmas shoppers will be entitled to free insurance worth on average £1,533 in payouts if they buy their gifts with a credit card.
New technology will see ‘Wave and pay’ cards in the capital
Barclaycard has signed an agreement with TranSys, the consortium which runs Oyster card in partnership with Transport for London (TfL), to combine Oyster and Barclaycard on one piece of plastic. The deal includes the exclusive rights to place Oyster on Barclaycard and Barclays Connect Visa cards for at least the next three years.
Pick a card - 2.7 million own five or more credit cards
Credit card fever is continuing unabated, with one in every seventeen British adults carrying five or more in their wallets, new research from MoneyExpert.com shows.