Credit Card And Related News For April 2007 -

Welcome to the latest news concerning UK credit cards and other related topics for the month of April 2007

• Hacked retailers a no-go with credit card users [27.04.07]
  Credit card fraud has been at the centre of concern amongst professionals and consumers in the UK for some time, and many consumers have expressed their wariness of using their credit card both online and on the high street for fear of becoming a victim of credit card fraud.
• Charity credit card launched by Co-operative Bank [25.04.07]
  Many people in the UK like to give to charity, but for many the fast pace of life and busy schedules means that charitable causes have to be put on the back burner whilst everyday life and work takes priority.
• Morgan Stanley Levy Card Fee [24.04.07]
  Morgan Stanley customers who hold one its Black cashback cards may now face a £20 annual fee. The Black card is offered to those customers who have been declined for a Morgan Stanley Platinum credit card.
• Credit Card Firms Move Goalposts On Cash Advances [24.04.07]
  Using your credit card to purchase gift vouchers or for online gambling could see you being hit with a new fee that is normally reserved for cash withdrawals.
• Credit Card Debt May Result in Bailiffs Knocking On Your Door [23.04.07]
  Unpaid credit card bills could lead to more than just a late payment fee as Citizens Advice warns that bailiffs may soon be able to legally break into your home as a result of an unpaid credit card bill.
• Credit Card Firm Reveals How Much Brits Spend On Furnishings [19.04.07]
  Brits are spending up to 70% more on furnishing their homes than ten years ago, according to new figures.
• Identity Thieves Target the 'Rich' [16.04.07]
  Credit rating agency Experian has warned that identity thieves are increasingly targeting the UK's wealthy consumers, with credit cards attracting intense scrutiny from fraudsters.
• Using Credit Cards abroad can Cost Brits £355m [11.04.07]
  Startling new figures reveal that using the wrong credit card abroad could prove to be fatal for one's wallet.
• Credit Card APRs Under Scrutiny [11.04.07]
  The Office of Fair Trading (OFT) is to launch an inquiry into credit card interest charges and how they are calculated after a 'supercomplaint' made by a UK consumer watchdog.
• Teenage Debt Problems Over Lack Of Credit Card Knowledge? [10.04.07]
  Although credit card borrowing and irresponsible credit card use seems to be stabilizing over recent months recent studies have revealed a worrying trend amongst some of the UK's teenagers. This could result in them ending up in a mountain of debt whilst still at a relatively young age simply through lack of knowledge about how credit card spending and repayments work
• One tenth of UK consumers become victim of Internet fraud [10.04.07]
  UK consumers that think that banks and financial bodies are looking after their financial data and security online need to think again. Figures from Get Safe Online Campaign reveal that one in ten people in the UK have been the victims of online fraud, and each victim has lost an average of around £875 as a result of this fraud.
• Credit card application rejection rate still high [06.04.07]
  Recent reports have indicated that the level of borrowing on credit cards has been dropping over recent months, with more people opting for secured finance compared to credit card borrowing.
• Use Cash Not Credit Cards To Combat Fraud [05.04.07]
  According to a spokesperson from the European Security Transport Association consumers in the UK should not be discouraged from using cash rather than credit cards.
• Consumers paying a fortune on credit card cash withdrawals [03.04.07]
  According to the price comparison website uswitch, many consumers in the UK are paying far more than they actually realize in terms of interest on cash withdrawals that they make on their credit cards.
• Many credit card holders missing out on benefits [02.04.07]
  According to new research many credit card holders in the UK are missing out on valuable benefits and perks.
• Chip and Pin technology does deter fraudsters [02.04.07]
  According to recent data relating to credit card fraud in 2006 compared to 2005, Chip and Pin technology does seem to be deterring fraudsters.