Credit Card News Archive History

Credit Card News 

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  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 (1 Comment)
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  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
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  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
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  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
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  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
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  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
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  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
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  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
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  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
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  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
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  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
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  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
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  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