Credit Card And Related News For June, 2007
Welcome to the latest news concerning UK credit cards and other related topics for the month of June, 2007
- Over 20% of cardholders unhappy with their credit card [30.06.07]
Many people in the UK use their credit cards for day to day purchases as well as for special purchases, but despite the popularity of credit cards in the UK it appears that a significant number of consumers are still unhappy with their credit card provider. A recent report indicates
- Credit cards could provide protection for consumers [29.06.07]
A recent report has highlighted how credit cards could actually be providing protection for consumers when making purchases. Over recent years credit cards have been blamed for contributing to rising levels of consumers debt, but those that use their cards sensibly can avoid the long term debt trap and can
- Credit Card Cash Withdrawal Fees Go Up [18.06.07]
The cost of using a credit card to withdraw cash is on the increase. Since November last year the average interest rate for cash withdrawal on a credit card, either in the UK or abroad, has increased by more than 2%. The average is now 23%, but the charges of
- Watch out for credit card minimum payments [17.06.07]
Since the various regulatory bodies in the UK clamped down on the amount that credit card companies could charge by way of fees, these card companies have been looking for new and inventive ways to make more money out of customers and make up for lost revenue. In 2006 financial
- Travellers should be careful about card fraud [17.06.07]
With the summer holidays fast approaching many consumers in the UK are getting set to jet off on their holidays to far flung destination, and for many their credit or debit cards will provide a valuable facility to make purchases and withdraw cash whilst they are on holiday. However, increasingly
- New Lloyds TSB AIRMILES Duo Credit Card [16.06.07]
Lloyds TSB and AIRMILES have combined to come up with a Lloyds TSB AIRMILES Duo Credit Card Account, making it easy for people to collect Airmiles every time they spend. The Duo card provides a ‘two in one’ account: it has a single APR (15.9%), a single monthly statement, a
- Credit card companies continue to claw back cash [14.06.07]
As credit card companies in the UK continue to suffer the effects of the ceiling limit that was placed on penalty fees last year by UK regulatory bodies, they are employing more and more tactics in an effort to claw back some of the revenue that has been lost as
- Barclays faces fresh controversy [13.06.07]
Barclays Bank is facing yet further controversy over its regulations with regards to refunds on cancelled payment protection insurance policies (PPI). Over recent months regulatory bodies in the UK have enforced new regulations with regards to refunds on these policies to ensure that consumers who decide to cancel their policies
- 50% of Brits clearing their credit cards [10.06.07]
According to recent reports consumers in Britain seem to be wising up when it comes to sensible use and repayment of credit cards. Although credit cards are very convenient and flexible, they are often mis-used or abused by consumers, and this can lead to many problems. The interest rates on
- Millions of consumers to get home pin machines from banks [08.06.07]
Several months ago Barclays Bank announced that many of its customers would be receiving home pin machines for use when making online banking transactions. Now it seems that he majority of other major banks are going to follow suit in a bid to try and reduce the levels of online
- Is credit card travel insurance good value for money? [07.06.07]
There are now a number of credit cards on the market that charge monthly or annual fees to cardholders, and in return offer benefits such as 'free' travel insurance. However, industry professionals are not convinced that this travel insurance is actually value for money for consumers, arguing that in some
- CCCS warns on minimum payments on credit cards [05.06.07]
Experts at the Consumer Credit Counselling Service have urged credit card holders to make more than the minimum payment on their credit card balances. The charity organisation go on to say that as most of the minimum payments goes towards the interest on the card leaving the principal balance practically
- One in eight credit card companies charge fees [04.06.07]
According to recent research around one in every eight credit card companies now has operated a credit card that charges annual fees to customers for the privilege of using the card. Consumers are advised to look out for these fees, which are generally around £20 a year, and to look
- £20 fee imposed by Barclaycard [01.06.07]
Barclaycard has become the latest credit card company that plans to impose a fee on accounts that are not regularly used. The largest credit card company in the UK, Barclaycard plans to introduce a fee of £20 for customers that do not use their accounts enough. Customers that have not