Credit Cards
Credit card companies withdraw £3.1 billion in credit limit cuts
Credit card companies have clawed back some £3.1 billion worth of credit by cutting the spending limits of their customers, according to MoneyExpert.com.
Money for nothing as £4.25 billion goes begging
The credit crunch might be squeezing people’s finances but some 83 per cent of customers have still failed to cash in on some £4.25 billion worth of gift vouchers, credit notes, loyalty points and air miles, according to new research from MoneyExpert.com.
The Co-operative Bank relaunches fixed rate platinum credit card
The Co-operative Bank relaunches its unique fixed rate platinum credit card, with a highly competitive five-year fixed rate of 9.9% APR.
Clydesdale Financial Services to reduce store card default charges
Following an approach by the OFT, Clydesdale Financial Services Limited, a wholly owned subsidiary of Barclays Bank plc, has decided to reduce its store card default charges from £22.50 to £12 with effect from today.
£1.1bn transferred between credit cards every month
Sainsbury's Finance estimates that some 716,600 people will try and transfer around £1.1 billion a month between credit cards, but it warns that of the 80 or so cards providing 0% APR on balance transfers, around a third offer a period of just six months or less.
Think less and save more
The Co-operative Bank is lowering the rate on its think credit card from 1 April 2008. This will enable even more customers to take advantage of an ethical credit card with a competitive rate and at 12.9% APR typical variable; it will offer customers the lowest APR in the ethical credit card market.
Trafford Housing Trust to introduce prepaid card scheme
Manchester’s Trafford Housing Trust, which manages 9,500 properties in the city, is to introduce a prepaid card scheme to enable staff to make ad-hoc purchases.
M&S Credit Card offers 0% interest for six months
M&S Money is offering 0% interest for six months on the M&S Credit Card for purchases and balance transfers from Tuesday 1st April 2008.
moneysupermarket.com: APS 'creditbuilder' facility
Commenting on the new creditbuilder facility that is now available with the cashplus gold card, developed by Advanced Payment Solutions through its relationship with the UK’s leading credit rating agency,
New technology opens doors to contactless payment revolution
EAT, Commidea Ltd and Barclaycard Business are breaking new ground in the retail industry with developments in contactless payment technology. EAT a leading sandwich, soup and coffee shop, has become the first retailer in the UK to introduce a fully integrated contactless payment system.
Abbey puts card fraud prevention initiatives to the test
At a time when 69 per cent of people would prefer to shop on the internet with a credit card because they feel it is safer, Abbey Banking put different card fraud prevention options to the test.
Brits abroad feel the burn
British holidaymakers will be charged a whopping £686 million for using their cards abroad this year, according to research from uSwitch.com.
More than half of credit card customers pay zero interest
More than half of credit card customers pay off their credit card balance in full each month, thereby reaping the benefits of paying by credit card whilst avoiding paying any interest, according to new research from fairinvestment.co.uk.
Generous Britain donates £1 billion on plastic cards in 2007
APACS, the UK payments association, has issued figures confirming that donations to charitable organisations on plastic cards reached £1.013 billion in 2007- up from £842 million in 2006.
Save pounds on your euros
Over four million Brits having a European break these Easter school holidays could find themselves collectively out of pocket by over £180 million by not using the best credit or debit card.