Website issues store card warning
Store cards from retailers Karen Millen, Oasis and Principles have been put up by as much as 4.3 per cent, Moneyfacts.co.uk said yesterday.According to the financial website, customers with these cards are now facing APRs of 29.8 per cent on all their purchases.The hikes also come in the run-up to the big Christmas spend - the busiest time of the year for retailers.Inflation is also at a 16-year h...Read More
UK government set to ban credit card cheques
In a major crackdown on the credit card industry it has been revealed that the UK government is set to outlaw the use of credit card cheques. The cheques are often used as an alternative to credit cards where the card itself may not be acceptable by a retailer or tradesperson. However, many people are unaware that these particular types of cheque attract handling charges as high as 3% as well as...Read More
Tesco launches new credit card
Tesco has launched a new attack on the UK financial arena with the release of a credit card which carries 0% interest on purchases for the first 13 months as well as a nine-month interest-free balance transfer deal. This is by far and away the most attractive credit card on the market at the moment and that is before considering the deal on Tesco club card points! As well as the very attractive...Read More
Do Credit Card Extras Add Up?
As the credit card market continues to struggle many people are still trying in vain to find the best deals around and save as much money as possible. One quandary which always comes up is the comparison between credit cards that offer no extras and no bonuses and those which offer money back and air miles for example. Which offer the best value?
The simple truth is that it really...
Fraudsters Dream Up New Credit Card Scam
There is a strange new fraud sweeping the UK which actually involves paying off the debt on a cloned credit card. Sound mad? Read on.....
This new fraud is fairly ingenious and one which the banks have thankfully spotted before the Christmas rush. In essence it involves a cloned credit card (which the owner does not know has been cloned) and the fraudster going into a bank to actu...
Is your credit card holding you back from financial freedom?
It is now common knowledge that UK family debt is the highest of any leading economy in the world and the fact that credit card debt in the UK has ballooned over the last decade is no coincidence. More and more families are struggling to survive on a daily basis with credit card debt and credit card interest rates forcing more and more people into financial despair. Is your credit card holding you...Read More
New offer from Halifax for credit card customers
The Halifax has recently launched a new all in one credit card, which enables consumers to enjoy ten month worth of interest free credit on both balance transfers and on new purchases. This is one of a number of similar offers that allow consumers to get interest free credit on purchases and balance transfers for the same period of time, with Marks and Spencer having recently launched a similar of...Read More
Do you really need your credit card?
As we covered in one of our earlier articles there seems to be a change in the UK towards debit cards rather than credit cards much to the relief of consumer groups and the government. Credit card debt in the UK has never been higher and while it is still increasing, and interest charges continue to pile up, there are hopes that increased debit card spending will continue into the New Year. But do...Read More
BRC defends store cards
The British Retail Consortium (BRC) has said that it is down to customers themselves to decide whether store cards are an "appropriate choice".Provided the rate of interest on store cards is "made clear to customers" and "there is full transparency of all terms and conditions" it is up to consumers to judge whether a store card is right for them or not, said Dale Atkinson, press officer for the BR...Read More
Consumers urged to shop for credit cards
Consumer watchdog Which? has called on people to spend time shopping for their credit cards, rather than merely spending money on them.The organisation believes that consumers can benefit from shopping around for the best credit card deal to suit their personal circumstances and should not therefore simply take the first option that is available to them.Senior researcher at Which?, Cathy Neal, sai...Read More