Credit Cards
Credit card providers increase credit limits without consent
As the Governments' spotlight shines on the UK's credit card market in a new white paper, research from uSwitch.com reveals that 5.7 million consumers have seen their credit limit increased by an average of £1,538 in the past 12 months without their consent.
Rate tarts in a jam as balance transfer applications rejected
Almost 2 million consumers have been rejected for balance transfer deals in the last year, according to analysis from uSwitch.com. This represents 57% of all credit card rejections, forcing these consumers to fork out £535 million in interest payments in the next 12 months as they are unable to switch to a new provider.
Consumers get thrifty with their credit cards
Almost half the nation's credit card users are reining in their spending by just under an average of £100 a month or the equivalent of over £1,100 a year according to research from Tescocompare.com, the financial search engine.
Santander's offer to mark rebranding of Abbey credit cards
Rumina Hassam, personal finance expert at uSwitch.com, comments on Santander's celebratory offer to mark the rebranding of Abbey credit cards: "Being charged for using your credit card abroad has long been a raincloud on the holidaymaker's horizon.
Saga: Credit card APRs
Roger Ramsden, Chief Executive, Saga Personal Finance responds to the Moneyfacts report regarding increasing APRs on credit cards: "It is disappointing to see that despite a series of cuts to the Bank of England base rate, many credit card providers have increased the APR available on their products.
Abbey Credit Cards to rebrand as Santander
On Monday 15 June, Abbey will rebrand its credit cards as Santander. The rebrand follows last month's announcement that Santander's three UK businesses, Abbey, Alliance & Leicester and Bradford & Bingley Savings, will adopt the Santander global brand and name in 2010.
Young, single renters biggest target for ID fraudsters
Identity fraudsters across the country are turning their attention from the wealthy to lower income victims living in rented accommodation where their personal details are most vulnerable, according to research from CreditExpert.
Credit card roulette - increase odds by checking your eligibility
Getting a credit card on good terms has become a harder task over the last couple of years, with providers scrutinizing credit records like never before.
New advice guide for using cards overseas
The UK Cards Association and ABTA, the travel association, have published a consumer advice guide - Using your card overseas - that provides tips and useful information for holidaymakers and business travellers who will be using their cards abroad.
Credit card costs continue to increase
The average credit card purchase rate continues to increase, today standing at 18.1%, up from 16.3% two years ago, according to Moneyfacts.co.uk.
Barclaycard contactless payment revolution continues
Barclaycard, the leading payment provider in the UK, has today announced that it is increasing its roll out of contactless enabled cards to Barclaycard Gold and Classic cardholders.
N&P launches new credit card
Norwich and Peterborough Building Society (N&P) has teamed up with MBNA to launch a new credit card which offers 0% interest for one year on all balance transfers.
Increase direct debit and cut debt sentence down to size
Being faced with a chunky credit card bill is a daunting prospect and if you only ever make the minimum repayment it could take you a long time to get back in the black.
uSwitch.com: Tesco Clubcard Credit Card
Tesco Clubcard Credit Card offers 0% on purchases for 12 months and 0% for 6 months on balance transfers. Louise Bond, personal finance expert at uSwitch.com, comments: "This is a very encouraging move and a market leading offer from one of Britain's biggest retailers.
Tesco Clubcard Credit Card offers 0% on purchases for 12 months
Customers can now spread the cost of their shopping over 12 months thanks to Tesco. The interest-free period for new purchases made with Tesco Clubcard Credit Card is being extended from six months to a year for customers applying online.