Credit Cards
Fed's ruling ramps up pressure on Westminster
The Federal Reserve in the United States has at last ruled that providers will soon have to assign a credit card user's payment to their highest interest debt first.
Oops! Consumers could save up to £213 a year
Nationwide urges the Government to follow the U.S. and make positive order of payments compulsory.
Stamp out toxic credit practices, says Which?
As the Prime Minister announces a clamp down on irresponsible lending by credit card companies at the Which? Listening to Consumers event in Westminster today, Peter Vicary-Smith, Chief Executive, Which? says: "Credit card companies have been allowed to get away with encouraging people to spend more than they can afford for far too long.
FLA: Proposed ban on credit card cheques and limit increases
Responding to reports from the BBC and Sky News that the Government intends to ban automatic credit card limit increases and the issue of credit card cheques, Stephen Sklaroff, Director General at the Finance & Leasing Association said:
Credit card crackdown only cracks minor areas
Commenting on the Government's move on credit card companies, Peter Harrison, credit card expert at moneysupermarket.com, said: "The Government, either through accident or design, has really missed the point here.
Brits needlessly paying out hundreds in credit card interest
Britons are needlessly paying out more than £9 billion pounds in credit card interest each year, new research by Abbey Credit Cards has revealed.
M2 Global and Altair form strategic relationship
M2 Global Ltd. (BSX:M2G) and Altair Technologies, Ltd, a London company, have announced the formation of a business relationship designed to help each be a more formidable competitor in the financial transaction processing, prepaid and debit card operations business.
moneysupermarket.com: New Abbey Credit Card
Commenting on the new Abbey Credit Card, Peter Harrison, cards expert at moneysupermarket.com, said: "Following on from the innovative Abbey Zero card, Abbey has bucked the trend again with its latest card offering.
Abbey launches market leading credit card
Abbey has launched its latest credit card, offering the longest balance transfer period on the high street to help customers more effectively manage their existing card balance, as well as one of the best rates on ongoing purchases and spending.
Consumers using credit cards to protect against retailers going bust
Savvy consumers are very aware of the effect of the current economy on retailers, and are taking steps to make sure they are not penalised if fragile businesses go under, according to research from Saga Platinum card.
Confessions of a credit junkie
This week sees the release of ‘Confessions of a Shopaholic’, a film about a young woman who heads into a financial crisis when her shopping habit sees her credit card get refused and she has to face up to mounting debts.
Nationwide wins most responsible credit card lending award
Nationwide Building Society has been judged the most responsible credit card lender for the second year in a row at The Card Awards.
Virgin Money adds to pre-paid offering
Virgin Money has launched a ‘pay monthly' tariff as part of its Virgin Prepaid MasterCard. Customers can decide which tariff to pay depending on how often they use the card to ensure they get the best deal. Customers will be able to choose from either ‘pay as you go', or the new ‘pay monthly' option.
PayPal’s prepaid card wins top accolade at cards ‘Oscars’
The Card Awards, which are open to UK and Irish payment card issuers and acquirers, recognise best practice in the card payment industry.
The Co-operative celebrates two more awards
The Co-operative Bank is celebrating after bagging two more awards, this time at the Card Awards 2009.