Credit card news, Apr - Jun 2006

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Card use in Europe to cost Brits dear

01 June 2006

Brits will pay £576 million in charges while using their bank cards abroad in Europe this year, according to a price comparison and switching website.

BMW to launch Mini credit card

31 May 2006

The German car manufacturer has announced that it is planning to enter the UK's financial services sector by offering special credit cards.

Government unveils consumer credit reform timetable

30 May 2006

The government has launched a timetable for the introduction of new measures that will help protect consumers from unfair credit lending.

Bad debt at Barclays increases indebtedness fears

26 May 2006

Customers of Britain's biggest credit card operator Barclaycard are defaulting on £1 of every £5 borrowed, according to the company.

Charity credit card wins plaudit

24 May 2006

American Express's much publicised Red card has been handed an award for the help it gives to the global fight against Aids.

Credit card debt on increase

23 May 2006

The amount that the UK is borrowing on credit cards is on the increase, according to a YouGov poll.

Credit card use becomes everyday activity

22 May 2006

Shoppers in the UK are now using their credit cards to purchase regular, everyday items such as groceries and refilling their cars.

OFT focuses on credit card default charges

19 May 2006

The Office of Fair Trading (OFT) is targeting credit card companies in its bid to clamp down on excessive default charges.

Wider availability for online credit card alternative

18 May 2006

The makers of the Snap card, an online alternative to a credit card, has announced it has agreed a deal with the UK's largest electronic payments processor of top-up services.

Apacs updates credit card advice site

17 May 2006

The UK's payments association Apacs has relaunched its website that aims to help consumers compare credit cards and offer advice on how to use them.

London shoppers attracted by promotions

16 May 2006

Londoners headed to the shops in a mood to spend in April, as retail sales saw a significant increase, according to figures from the London Retail Consortium (LRC).

UK spending £1 trillion a year

15 May 2006

UK residents are now spending £1 trillion each year, fuelled by a rise in the amount spent on items such as cars and holidays.

UK becoming credit card nation, says Osborne

12 May 2006

The UK is becoming ever more reliant on credit cards, according to the shadow chancellor George Osborne.

Credit history skewed by student loan secrecy

11 May 2006

Thousands of students are at risk of being given credit beyond their means because the government has refused to share details about student loan accounts, according to a credit history company.

Consumers flock to 0% deals

10 May 2006

Credit card holders will transfer a total balance of £11.9 billion over the next six months in order ro take advantage of deals, a report has found.

Card fraud hits Shell

08 May 2006

Customers of Shell petrol stations have been the victims of a chip and PIN card scam, according to a consumer watchdog.

2,000 credit card details compromised

05 May 2006

Credit card provider MasterCard is reported to be looking into the theft of around 2,000 sets of credit card details.

Uncertainty over future of 0% deals

04 May 2006

An industry expert has said that the days of the 0% credit card deal may be numbered

Gender stereotypes still alive in credit card use

02 May 2006

Men and women have very distinctive ways of using credit cards, according to a new study.

Consumers urged to shop around in face of new offer

28 April 2006

Barclaycard is to extend its 0% APR on balance transfers offer from three to 12 months, the company has revealed.



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