Credit Card News Archive History

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  • Credit cards shed in favour of payday loans
    Britons shed almost one million credit cards in 2011, a report has said, as consumers look towards other credit sources, and especially payday loans.   Credit cards are facing a "mid-life crisis", said Simon Westcott of ...
    Tue 7th Feb, 2012
  • New Nationwide Select Credit Card blows competition away
    The new Nationwide Select credit card offers a stunning combination of features that makes it the best all-round credit card on the market by a considerable margin.   The card's extensive benefits cover a broad range of ...
    Wed 1st Feb, 2012
  • Last day for Barclaycard’s 24-month balance transfer credit card
    The longest ever Barclaycard offer on balance transfers (0% for 24 months) is set to end at midday tomorrow.   The Barclaycard Platinum credit card offers the opportunity for consumers to freeze their interest on a balance ...
    Tue 31st Jan, 2012
  • Lloyds Group axes charity credit cards
    Halifax and Bank of Scotland are to withdraw their charity credit cards from the end of February.   A statement from Lloyds Banking Group said that its decision was based on the limited demand for charity credit cards in ...
    Mon 30th Jan, 2012
  • Brits will use credit cards in 2012 but hope to find cutbacks
    Brits expect to rely on their credit cards in 2012, but there is renewed determination to make cutbacks as austerity moves into the household.   Over a quarter of Brits expect to owe money on their credit cards this year, ...
    Mon 23rd Jan, 2012
  • Credit cards could see tougher regulation following reforms
    Amid falling satisfaction over credit cards and outcries over the marketing of payday loans, the Financial Services Consumer Panel is backing the full responsibility for all retail financial services to be handed to the new ...
    Thu 19th Jan, 2012
  • Credit card satisfaction at all-time low. Time for a change?
    A major credit card poll shows consumer satisfaction with credit cards to have hit an all-time low, with high street banks the biggest culprits. Yet, half of Brits persist with their credit cards for over 5 years. Is it time ...
    Wed 18th Jan, 2012
  • Consumer groups seek financial regulation changes
    Consumer groups have been urging the government to shift the regulation of credit cards and “payday loans” to the new Financial Conduct Authority, where they would be observed by the same teams currently monitoring ...
    Tue 17th Jan, 2012
  • Comment: Wonga caught out targeting students
    Payday loans company Wonga has come under attack for targeting their extortionate rate loans towards students. The firm, which offers loans at a staggering 4,214% APR, has been forced to withdraw a page of its website that ...
    Tue 17th Jan, 2012
  • Balance transfer credit card fees rising
    Consumers are now getting longer on their 0% balance transfer deals, but they are paying for the privilege. How does the value stack up?   Balance transfer credit cards, on average, currently offer just less than 12 ...
    Fri 13th Jan, 2012
  • Credit card transactions up, but spending down
    An analysis of consumer spending patterns reveals that credit cards are being used more, but that the amount spent on them is falling.   According to Santander Credit Cards, the average spend on credit cards has fallen by ...
    Thu 12th Jan, 2012
  • Comment: Airmiles Credit Cards - What’s the Deal?
    While we’ve been redressing our credit card pages here at Which4U, it’s been interesting to note that certain types of credit card are now drawing attention because of their fall in popularity. Let’s take the case with ...
    Tue 10th Jan, 2012
  • Consumers neglecting the high street to shop online
    As internet trade in Britain surges, announcements due this week are expected to show pessimistic reports from the high street over Christmas revenue.   Consumers have turned away from long queues, inconsistent stock, and ...
    Mon 9th Jan, 2012
  • Unauthorised overdrafts and payday loans sought by desperate consumers
    One million Brits have resorted to payday loans to cover their rent or mortgage payments over the last year, a new report reveals.   The homeless charity, Shelter, has highlighted the escalating scale of debt problems. ...
    Wed 4th Jan, 2012
  • Consumers to rely heavily on credit cards in early 2012
    It is expected that people will be increasingly reliant on plastic for their day-to-day spending in January.   According to the Post Office Consumer Credit Report, over a third of credit card holders will be relying heavily ...
    Wed 4th Jan, 2012
  • Boxing Day sales likely to disrupt patterns of consumer debt reduction
    Consumers’ spending patterns, which still favoured debt repayments over credit during November, look set to reverse definitively as businesses report strong Boxing Day performance.   Before Christmas, the British ...
    Tue 27th Dec, 2011
  • High-street shops to remain open late into the night this week
    High-street shops will remain open late into the night on Thursday and Friday this week to capture every penny from last minute Christmas shoppers.   In a desperate attempt to regain ground after stagnant high street retail ...
    Thu 22nd Dec, 2011
  • OFT forces banks to withdraw card fees on foreign currency
    British travellers could now save millions per year after the Office of Fair Trading pressurised banks into dropping card charges for buying foreign currency in the UK.   Banks have come under fire for charging fees of up ...
    Wed 21st Dec, 2011
  • Lending on credit cards and personal loans on the rise
    The amount lent to consumers increased in October by 5% compared to the same month in 2010, recent figures reveal.   The Finance & Leasing Association show that lending through credit cards and personal loans increased by ...
    Wed 21st Dec, 2011
  • Women prove the cleverer shoppers at Christmas
    In these pressing financial times, women prove by far the more financially astute when it comes to saving money at Christmas.   Research by Tesco Bank shows that 60% of women will be using money-saving vouchers to help fund ...
    Wed 14th Dec, 2011
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