Credit Cards
Taking the PPI - how credit card companies take your wallet for a ride
It’s January Sales’ time and the world of finance is never one to be left out, with banks bringing out their 0% deals once more to entice consumers to take on fresh credit. However, attractive packaging can often hide a multitude of ‘nasties’, says Moneyextra.com, which is urging consumers to look at the deals offered by credit card companies more closely.
New lower rates for Barclaycard’s Premiership and Charity credit cards
From today (23rd January 2007), Barclaycard Premiership and Barclaycard Charity cards will have a new lower typical APR of 14.9%, a reduction from the previous rate of 17.9%.
Curing the Christmas debt hangover
January is payback time for the UK’s 31 million plus credit card users who spent an estimated £11.4 billion on their credit cards this Christmas – an average of £360 per cardholder.
i24 card celebrates first birthday with perks for every cardholder
Morgan Stanley i24 cardholders will be celebrating the Card’s first anniversary this month having redeemed an average of £1,050 worth of benefits over the last 12 months.
moneysupermarket.com: Yorkshire and Clydesdale Banks move to waive the credit card balance transfer fee
Commenting on the move by Yorkshire and Clydesdale Banks to waive the credit card balance transfer fee, Rob Kenley, head of credit cars at moneysupermarket.com, said: “This is the first move of its kind, and may spur a tactical rate war amongst providers.
Balance transfer fees waived at Yorkshire and Clydesdale banks
Balance transfer fees are being waived until 28 February for new credit card customers wishing to transfer their credit card balances to a six month 0% introductory deal with Yorkshire Bank or Clydesdale Bank.
Lloyds TSB launches pre-paid travel money card
Lloyds TSB has launched a pre-paid Travel Money Card as a more convenient alternative to cash or travellers’ cheques providing a safe way to take money abroad.
Cardholders warned as fraudsters step up a gear in 2007
As 2007 gets underway, a new report from Morgan Stanley Consumer Banking has found that millions of Britons are leaving themselves open to fraudsters.
Borrowers urged to look beyond short-term interest free deals
M&S Money urges borrowers to look beyond short-term interest free deals unless they are confident of repaying their debt during the initial period.
Don’t be left in the cold when using cards abroad
Over £70 million lost by holidaymakers in unnecessary bank charges last winter, Nationwide Building Society is urging winter holidaymakers not to make the same mistake as last year and to instead avoid unnecessary bank charges.
Zero in on a balance transfer card
Borrowers feeling the strain after Christmas are being tempted by zero per cent credit card balance transfer offers with nearly 70 per cent of standard cards now offering special deals, analysis by MoneyExpert.com shows.
Loose lips in the workplace leave workers open to fraud
One in five people in the UK (20%, or 8.8 million) admit to reading their confidential financial information out over the phone whilst at work, leaving themselves open to fraud according to research by PayPal, the online payment provider.
New year, new 0% balance transfer war
Michelle Slade, personal finance analyst from Moneyfacts.co.uk comments: “For some time the industry has been predicting the death of 0% deals, and with rising bad debts and falling revenue streams the evidence is again stacking up in favour of its demise. The last year has seen fee-free deals almost disappear, with many providers increasing balance transfer fees and many more uncapping them.
Discarded computers used to steal the owner’s identity
Christmas is a popular time for buying computers, but Sainsbury’s Bank estimates that as many as 32% of computers discarded this festive season, to make way for new ones, will not have their hard drives wiped clean or destroyed.
Asian Tsunami was tipping point for charitable giving on plastic
The Asian Tsunami disaster in December 2004 saw an overwhelming reaction from the British public – in the month that followed cardholders donated over £100 million on debit and credit cards. The Pakistan earthquake saw a similar spike in October 2005 as donations hit £45 million.