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
Tags: Credit card fraud, Credit Cards, fraud, uk payments association, uk cards association, credit card holdersRewarding 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
Tags: Personal finance, Financial Services, cash back, rewards, Credit Cards, interest ratesCase 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
Tags: retailers, fees, visa, transactions, credit cardCredit 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
Tags: cheques, credit card, borrowing, limit, consumer affairs, cardholderLloyds 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
Tags: Credit Cards, Philip Hammond, Lloyds TSB, high street bank, well-run businesses, debtDo 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
Tags: credit rating, period, balances, credit card, Affairs, equifaxCash 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
Tags: Credit Cards, return, cash back, introductory period, credit card, interest ratesCap 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
Tags: Federation, credit card, interest, interest rates, local councils, small businessesCredit 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
Tags: borrowing, consumer, interest rate, consumer affairs, Credit Cards, Gareth ThomasConsumers 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
Tags: good credit, Credit Cards, base rate, financial ombudsman service, interest rate