Credit Card And Related News For August, 2007

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

Using store cards could mean less debt  [28.08.07]
According to a recent report taking out a store card could mean getting into far less debt than a credit card, despite the high rates of interest that are charged on store cards where the balance is not repaid in full at the end of each month. Experts state that
Low rate balance transfers could be better than 0% for some  [27.08.07]
According to industry professionals there are many consumers that could fare better with a low rate life of balance transfer credit card rather than a 0% balance transfer card for a specified period. Balance transfer credit cards have become popular amongst those that want to avoid paying further interest on
Credit cards could prove invaluable for businesses  [27.08.07]
Consumers in the UK rely heavily on their credit cards for everything from day to day spending to one off purchases, and this is because of the ease, convenience, and flexibility that credit cards provide. According to a recent report businesses can enjoy the same sort of flexibility, ease, and
Credit card fees introduced for LV cardholders  [26.08.07]
Credit card holders with Liverpool Victoria will see one of the card's most beneficial and popular features disappear next month, as from the end of September these cardholders will be charged a 3% foreign currency loading charge for using their cards abroad. In the past customers have been able to
The Cost Of Using Your Cards Abroad  [24.08.07]
Using a credit or debit card abroad is going to cost you more than if you use cash. UK banks are charging increasing fees when customers use their cards overseas. In addition overseas retailers are now encouraging more customers to pay in sterling – usually at a very poor exchange
Avoid using credit cards for gambling  [13.08.07]
A financial expert has warned consumers in the UK to avoid the pitfalls of using a credit card for online gambling, as this is a downward spiral and gamblers often lose track of how much they have spent on the card, which results in overspending by huge amounts. Online gambling
Many banks and card companies to be sympathetic over postal delays  [09.08.07]
Over recent weeks the UK has been hit by a number of postal strikes, which has disrupted many services. A number of banks and credit card companies in the UK have stated that they intend to be sympathetic with customers who may have suffered as a result of the postal
Are interest rate rises starting to take their toll on credit card customers?  [07.08.07]
Levels of bad debt have been of considerable concern in the UK for some time, and it was always predicted that rising interest rates could see this problem getting even worse as households struggled to keep up with rising repayments. According to recent figures a rising number of consumers have
Capital One card offers increased cashback levels for first three months  [06.08.07]
Over recent years cashback credit cards have become increasingly popular amongst UK consumers that want to make some money from credit card companies rather than having to pay these companies for the privilege of using a credit card. These cashback credit cards offer a certain level of cashback – usually
Cardholders still paying out millions in charges  [02.08.07]
A recent survey that was conducted by moneysupermarket.com has shown that many credit card holders in the UK are continuing to pay penalty charges on their credit card accounts because of late repayments, missed payments, and for exceeding the credit limit. Some think that this could, in part, be blamed
We Don’t Know Our Own Debt  [01.08.07]
It seems that we British are unconcerned about our growing debts. Indeed, in many cases it seems we don’t even know the amount of debt we’ve got. Research by market analyst Mintel has shown that people in the UK owe altogether around £100bn more than they are aware of, and