Credit Cards
APACS welcomes OFT credit card report
On behalf of the credit card industry, APACS today welcomes the OFT’s report on improvements that can be made to help consumers compare credit cards.
Credit card shuffle continues as switching rises
More than 5.9 customers switched credit cards in the past six months as consumers battled to get debts under control, according to MoneyExpert.com.
OFT/FSA comparison site a step in the right direction
Nationwide Building Society sees the joint launch of a new credit card comparison site by the Office of Fair Trading (OFT) and the Financial Services Authority (FSA) as a valuable tool for consumers and a long-awaited addition to the industry.
Don't feel the cost of love this Valentine's day
This Valentine's Day, Nationwide Building Society warns couples not to make the same mistake as last year and instead avoid unnecessary charges while using their card abroad. The Society highlights some money saving tips to help couples to keep costs to a minimum.
Christmas spend on plastic cards reveals slower rate of growth
APACS, the UK payments association, has issued December 2007 spending figures, which show that spending on plastic over the Christmas period reached £32.2 billion, with £5.4 billion spent online.
Skiers warned about using credit cards abroad
Nationwide Building Society warns skiers to be aware of the danger of being caught out by the costly practice of Dynamic Currency Conversion (DCC).
The Co-operative Bank launches new affinity card
The Co-operative Bank has today launched its latest affinity credit card, with Friends of the Earth, offering a new and easy way to support the environmental charity.
moneysupermarket.com: backlash from Egg credit card holders
Steve Willey, head of credit cards at price comparison site moneysupermarket.com, said: "If Citigroup was simply stopping further credit card spending by riskier Egg customers, then it should be applauded.
Fool.co.uk: Egg’s credit-card policy changes
David Kuo, Head of Personal Finance at Fool.co.uk says: “We are not surprised that Egg has stopped 161,000 customers from spending more on their credit cards. This is only to be expected as banks review the quality of their customer base as the credit crunch unfolds.
Personal loans? Who needs them?
A borrower needing £10,000 could save £1,054 over a four-year term by using a series of 0% credit. card balance transfer offers instead of a personal loan.
It’s time to cut your spending before your bank does it for you
One in eight card holders (12%) in the UK have had their credit limits cut according to latest data from independent personal finance website Fool.co.uk. Their spending limits have been pruned back by about 7%. One in a hundred card users (1%) have even had their cards cancelled.
Credit card crunch as customers miss payments
More than five million people have missed monthly payments on credit cards in the past six months, new MoneyExpert.com research shows. And that is a two per cent increase on the previous six months.
Got the post Christmas credit card blues?
Andrew Hagger, head of news and press at Moneyfacts.co.uk shows just how much consumers can save, not only on their credit card, but also on their energy and insurance bills whilst they’re at it.
Spread the cost of your Christmas spending
With the festive season over, research from Sainsbury’s Finance shows that only 61% of people expect to clear their Christmas expenditure within one month. Some 483,000 expect it to take more than a year to do so - 71% of these people are women.
Borrowers urged to get the best value credit card deal
One in four credit card holders will be starting the New Year more dependent on credit than in 2007, with 41 per cent intending to rely on their credit card for day to day living costs such as grocery shopping, according to research from the Post Office.