The Rise Of Contactless Credit Cards
December 10, 2009
Contactless credit cards allow the consumer to make purchases under £ 10.00 without even having to swipe or input a pin number, with customers only occasionally asked to input a pin for extra security measures. Read more
Safe Online Shopping This Christmas
December 1, 2009
With over 32 million people using the credit cards on the web to do their shopping, the U.K. Payments Administration have advised the everyone of us should be doing what we can in order to prevent fraud happening. Read more
Rewarding Yourself Using Your Credit Card
November 1, 2009
If you are one of the six out of ten people who actually pay their credit cards off at the end of each month, then it should be time that you think about taking on board a rewarding credit card to make the most of the money you spend. Read more
Case Against MasterCard Dropped By European Union
October 22, 2009
An executive arm of the European Union has dropped a case against the credit card giant MasterCard in relation to the transaction fees that the card network levies. The case has been dropped on the condition that the credit card giant cuts its transaction fees, but this has made many retailers angry, as they were looking for these card fees to be scrapped altogether rather than just being reduced. Read more
Credit Card Providers To Face Further Clampdown
October 6, 2009
Credit card providers in the UK are set to face a further clampdown as the UK government brings in measures to cut the temptation of further credit card debt for consumers. The government is looking to bring in a number of measures that could decrease the chances of consumers getting themselves even further into debt at a time when the credit card and other debt levels in the UK are already causing concern. Read more
Lloyds TSB attacked over credit card gambling
August 25, 2009
High Street bank, Lloyds TSB, has been attacked by debt charities and politicians over an issue relating to gambling on credit cards. The bank has been accused of encouraging its customers to gamble on their credit cards, thus encouraging both higher levels of debt and gambling addiction amongst its customers. The bank informed its customers by letter that they could use 50 percent of their credit as cash and use it on transactions ’such as gambling’. Read more
Do Not Get Rid Of Your Credit Cards
February 10, 2009
Some people will not be looking forward to their next credit card statement coming through again with the reminder of what was actually spent on them over the festive period. They may be so depressed with the amount on them that they may just cut them up so that no more can be spent but according to credit information provider, Equifax, consumers should not be too tasty in doing so. Read more
Cash Back Credit Card Usage Increases
January 27, 2009
According to recent data released the use of cash back credit cards is on the increase in the U.K, with many users looking to get back a little something in the current economic climate. Read more
Cap The Credit Card Charges
January 20, 2009
The Federation of Small Businesses has advised that small businesses have an important role in the turning around of the current economic climate and in order to help getting this started has called for there to be a cap on credit card interest rates. 26% of small business owners use their own personal credit cards along with 23 % that use their company cards to finance their businesses. Read more
Credit Card Firms Will Have To Do More To Assist Borrowers
January 14, 2009
Following a recent meeting with the Business Secretary Lord Mandelson, officials from the credit card industry have pledged to try and assist struggling borrowers more through the deployment of a number of measures. Over recent weeks credit cards have hit the financial headlines a number of times, namely because of the high rate of interest charged on borrowing despite the aggressive base rate cuts, and because of increases in various other related fees and charges. Read more
Consumers Should Fight Credit Card Increases
January 12, 2009
Consumers are being urged to bear in mind that hikes on credit card interest can be fought if the credit card company appears to have put up the rate on the card for no apparent reason. Many credit card companies have been increasing both the interest rate and the charges on their credit cards, and this is despite the fact that the base rate has fallen by almost two thirds since the end of last year. This has caused concern amongst campaigners, consumers, and even the Prime Minister, Gordon Brown, who has been trying to address the issue. Read more
Credit Cards Costing More
December 15, 2008
Credit Card companies are going against government warnings to make their credit card deals fairer to customers and face investigations by industry watchdogs if do not change their ways. Read more
How The Mighty Have Fallen
November 25, 2008
Citigroup, one of America’s biggest banks, one that has been at the heart of American finances sinces it emergence back in 1812 has hit the ground with a thump, due to the global financial crisis of the moment. A company that only a couple of years ago was worth $ 273 billion, approx £ 181 billion, now finds itself valued at $ 20 billion. Read more
Lenders Raising Costs
November 23, 2008
Over the last three months the cost of credit card borrowing has gone up considerably with new figures showing that more than 10% of credit card providers are raising their rates. Sixteen credit card providers have put up the interest rates on purchases since August and all this has happened not taking into account the drops of Bank of England base rate. All this information has been put togeather by financial information group Moneyfacts. Read more
Declined Applications For Financial Products
October 19, 2008
According to research carried out by MoneyExpert.com, around 5 million applications for new credit cards and loans have been rejected by lenders over the last six months. The figures work out that about 56 % of the population of the U.K has applied for such financial products in the last six months. Read more
The Credit Fraudsters
October 7, 2008
This year has seen a record high on fraud losses that UK credit cards has ever seen and this is only in the first six months of the year. During this first six months the losses have amounted to a total of £ 301.7 million, although payments group APACS have advised that the growth rate has eased from 26% for the same period of 2007. Read more
Barclaycards Planning to Change
September 20, 2008
Barclaycard are seeing a change in strategy with the decision to keep the Goldfish brand and by doing this six months after taking the business over when they were strong indications that the Goldfish brand would be scrapped. Read more