Credit Cards
Sainsbury’s credit card increases 0% introductory period
Sainsbury's Finance has increased the 0% introductory period on purchases on its credit card from three months to ten months and has reduced its typical APR from 16.9% to 15.9%, going against the current trend in the credit card market.
RBS offers existing customer only credit cards
As UK credit card customers miss 17.8 million credit card payments in the last year, this week the RBS group fights back against bad debt by restricting all credit card applications to existing customers only.
Credit cards battling over fees
Credit card providers are cutting balance transfer fees in the battle for customers at the same time as they cut back on zero per cent transfer deals, according to new research from MoneyExpert.com.
Beat postal disruption with mybarclaycard
Following the announcement of a possible national postal strike in October, Barclaycard is advising its customers to manage their accounts online with ‘mybarclaycard', its new online account management system.
Credit card users incur late payment fees due to postal strikes
Following reports of credit card customers incurring £150 million of late payment fees due to the recent postal strikes, Rumina Hassam, personal finance expert at uSwitch.com comments:
Barclaycard showcases contactless charity donations
On the 13 September, around 150 Barclaycard employees and customers were the first to use contactless technology to make donations of around £750 to three charities via specially designed and installed contactless payment terminals at the Oxo Tower in London.
Check eligibility for Barclaycard with new online service
Barclaycard has becomes the first provider in the UK to launch a credit card pre-application check. The simple, one step, online facility allows potential and existing customers to establish their likelihood of being eligible for a Barclaycard, without the need to complete a full application.
Minimise unsuccessful credit card applications
Confused.com has launched a new tool which enables customers to see how likely they are to be accepted for the credit cards offered on its site. Confused.com is the first price comparison site to offer this tool which, as well as being free to use, leaves no credit footprint.
Control your credit card and reap the benefits
Mentioning the word ‘cashback' in the title of a financial product is a sure way to catch the eye of a potential customer. The prospect of receiving a payment from your lender or provider can be both refreshing and appealing to many customers, particularly those looking for credit cards.
Over 50s manage money with multiple credit cards
The over 50s own more plastic than any other age group, with one in two (49%) saying they use more than one credit card to manage their finances and 7% say they carry five or more credit cards in their wallets.
Fewer 0% credit card deals
Andrew Hagger comments on the latest credit card research from Moneynet.co.uk: With bad debts top of the agenda for most credit card lenders, it's no surprise to see that the number of interest free balance transfer deals has started to decline.
Fall in UK personal debt levels
Peter Harrison, head of credit cards at moneysupermarket.com, said: "It is encouraging to see a reduction in UK consumer debt levels although this doesn't mean that the love affair with credit is at an end.
Amex introducing fees to dormant credit card holders
Commenting on American Express introducing fees to dormant credit card holders, Peter Harrison, credit cards expert at monysupermarket.com said; "This new dormancy charge from American Express is no great surprise.
Barclaycard launches new online account service
Barclaycard announces that it has launched mybarclaycard - a new online account servicing system that will make it simpler for customers to monitor and manage their account.
Eight million chip'n'PIN pals at risk of ID fraud
One in five Brits tell friends and family their PIN numbers, leaving themselves open to chip-and-PIN fraud.