Credit Card And Related News For May, 2007
Welcome to the latest news concerning UK credit cards and other related topics for the month of May, 2007
- Woolwich savers could be charged £10 for cheque withdrawals [23.05.07]
Customers with the Woolwich were recently concerned to discover that their accounts were being switched over to Barclays, as the Woolwich focuses on becoming the mortgage provider for Barclays. Over three million consumers with savings account and two millions customers with current accounts will be affected by the changeover, and
- Britain's credit card profits going down [22.05.07]
A recent study carried out into credit card profits has shown that a combination of bad debts and lower credit card usage has left Britain's credit card industry in the bottom three globally when it comes to profitability. According to the result of the study, carried out by the research
- HSBC zero percent deal dubbed unfair [21.05.07]
One of the UK's top high street banks, HSBC, recently announced the launch of two new zero percent interest deals on credit cards, stating that the deal that customer's would be able to get depended on the mode of contact that they used to make their application. However, one official
- Be careful when using your NatWest card abroad [18.05.07]
Consumers with a NatWest card who are thinking of heading off on their summer holidays in the next few months are being urged to watch out for increased fees. The bank will be increasing its foreign transaction rates by a significant amount from the beginning of June, which means that
- Customers receiving credit cards that they did not ask for [15.05.07]
According to recent reports many consumers in the UK are being sent credit cards from Laura Ashley despite the fact that they have not ordered them. The clothing and furnishings company has reportedly been bombarding consumers with credit cards, as have various other companies in the past, and has been
- Credit card companies continue to try and recoup costs [14.05.07]
Prior to last year many credit card companies were charging extortionate penalty fees for late or missed repayments or for exceeding the limit on the card with many consumers paying a small fortune each year simply in charges alone. However, in 2006 the Office of Fair Trading investigated credit card
- London to be first to try tap and go cards [13.05.07]
London is to be the first city to try out the new tap and go payment cards that are being launched by MasterCard and Visa. These will be available through a number of the UK's leading banks including Barclays, Halifax, Bank of Scotland, Lloyds TSB, and the Royal Bank of
- Twelve month interest free deal from HSBC [11.05.07]
One of the UK's leading banks, the HSBC, is now offering twelve months interest free credit on its MasterCard on purchases. This will enable consumers to make purchases and spread the repayment without having to clock up any further interest. In order to qualify for the interest free period consumers
- Barclays being investigated over breach of privacy [10.05.07]
One of the UK's leading high street banks, Barclays, is being investigated by the Information Commissioner's Office for alleged breaches of customer privacy. The announcement into the investigation comes after an undercover investigation involving two of the bank's call centres, which was carried out by the BBC. The undercover investigation
- Consumers still being hit with extortionate fees on store cards [09.05.07]
Despite new requirements that have come into force for store card operators, consumers using these cards are still being charges a fortune in interest after being persuaded to take out the card with a special discount, offer, or freebie. Store card statements must carry certain information as from the beginning
- Barclays joins the green gang with new credit card [04.05.07]
With an increasing number of companies offering green products for environmentally conscious consumers, Barclays is the latest company to join this trend, offering a green product and a range of promises that are dedicated to helping the environment. A number of companies including utility providers and other finance companies have
- NatWest could earn an extra £10 million from increased fees [01.05.07]
One of the US's leading banks NatWest, has increased foreign fees recently, and many experts claim that this could result in the bank netting over £10 million in extra revenues from those heading off on their summer holidays with the intention of using their debit cards abroad. The increase in
- Debit card readers to be issued to Barclay customers [01.05.07]
Up to half a million Barclays Bank customers are going to be issued with state of the art debit card readers in a bid to beat online fraud. The debit card reader mean that these customers won’t have to worry about using passwords to authorise certain online transactions, and the