Are You Using Your Credit Card For Christmas This Year?
November 30, 2009
Recent research, by moneysupermarket.com, has shown that 66 % of Brits have not saved enough money for Christmas this year. 18 % have saved enough, 34 % are on target to have saved enough and 17 % said they are turning to a credit card, resulting in many getting themselves into debt in order of being able to provide a perfect Christmas for the family. Read more
New Rewards Card From The AA
November 17, 2009
There is good news for car owners looking for a new credit card as the AA is putting a new reward card into the card market that will ease the “financial pain” drivers face in the current climate. Read more
Job Cuts at HSBC
November 10, 2009
Banking giant HSBC is to cut 1700 jobs in the U.K. mainly from their collections and credit card operations, which adds to the already gloomy downturn in employment of the financial services industry. 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
Consumers Could Benefit From Fee Free Card Transfers
October 13, 2009
At this time of the year, when many people are still battling to repay the credit card debts that they built up over the Christmas and New Year periods, many cardholders decide to look for suitable alternatives to try and cut the amount of interest that they are paying as well as to try and clear their credit card debt quickly. For those that have outstanding balances on high interest credit card, and who are unable to clear the balance in one go, interest payments can end up being very high. 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
Credit Card Rates Hiked By Two Major Providers
September 29, 2009
Two major credit card providers have become the latest to hike up their credit card interest rates, despite the fact that the base interest rate in the UK is at its lowest level in the three hundred and fifteen year history of the Bank of England. Officials claim that the two card providers have sneakily hiked up the interest being charged on credit card borrowing by significant levels, thus increasing borrowing costs for their cardholders. Read more
Details Of Thousand Of Credit Card Users Published On Internet
September 6, 2009
In a recent and frightening breach of security the credit card details of thousand of British consumers were published online, where they could apparently be found with ease using just a quick search on Google. Around nineteen thousand credit card details are thought to have been made available on the Internet, in an incident that took place late last month. This is likely to add to the already significant concerns that many consumers harbour about becoming the victims on online credit card fraud. Read more
New Rewards Scheme To Be Launched By Barclaycard
August 10, 2009
The twelve million credit card customers of credit card giant Barclaycard could soon start enjoying the benefits of a newly launched rewards based scheme from the card provider. Barclaycard has announced that it is introducing a rewards based scheme that will allow its customers to enjoy discounts and benefits from thousands of retailers without having to go to the hassle of collecting points and vouchers. 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
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 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