Credit card news, Apr - Jun 2007

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uSwitch warns on BT card

28 June 2007

Consumers are being warned that the launch of BT's new credit card is not as good a money saving offer as first thought.

OFT and credit card industry set to make charges clearer

27 June 2007

Steps to make credit card charges easier for consumers to understand have been announced by the Office of Fair Trading (OFT).

OFT advises youngsters about getting most out of plastic

26 June 2007

Youngsters around the country have been receiving advice about how to make the most of credit cards and store cards, without getting into financial trouble.

Credit card borrowing dealt with more wisely

25 June 2007

Consumers are managing their debt more efficiently, a leading debt consultancy has claimed.

Home Office dodges credit card fraud responsibility

21 June 2007

BBC2's consumers affairs programme Newsnight revealed that the responsibility for referring on credit card fraud cases now lies squarely with the lenders and not with the Home Office.

1 million to benefit from free cash machines

20 June 2007

Over a million people in low-income areas will benefit from the installation of 600 free-to-use cash machines, thanks to the Treasury.

Credit cards take the weight of unexpected bills

19 June 2007

Research from Abbey Savings has revealed that 79% of Britons were hit by an unexpected expense last year and that over half over them used their credit cards to fund their way out.

Lloyds TSB challenges NatWest with travel rewards

18 June 2007

NatWest's YourPoints scheme, which sees customers earn points which can then be transferred into cash for travel with easyJet, will receive some competition from Lloyds TSB's AIRMILES scheme from this week.

APACS and ABTA issue advice for spending abroad

15 June 2007

The UK's payments association APACS has joined forces with the Association of British Travel Agents (ABTA) to offer consumers advice on how to make the most of their credit cards abroad.

Overseas fraud on the increase

13 June 2007

Consumers are being warned to make an extra effort to protect their finances while abroad after insurance firm CPP revealed that overseas credit card fraud is on the rise.

Consumers warned about £250 store card cheques

12 June 2007

Creation Financial Services, who supply store cards to a number of high street chains including shoe shop Faith, Woolworths and the Carphone Warehouse, has sent out a number of £250 cheques to its store card holders.

One in five credit card users unhappy with provider

08 June 2007

Around one fifth of credit card customers are unhappy with their provider, a new study from uSwitch.com has shown.

Lenders forced to write-off £3.1bn debt

01 June 2007

Figures from the Bank of England (BoE) have revealed that the UK's largest lenders have been forced to write-off £3.1 billion worth of debt after consumers rung up bills on their credit cards they were unable to pay off.

CCCS: Consumers using credit cards more wisely

31 May 2007

Transparent statements and an improved perspective of their financial situations have caused consumers to reassess their spending habits, resulting in them using their credit cards more wisely.

uSwitch warns of hidden holiday costs

30 May 2007

Overseas purchase fees could catch consumers unawares this year with many of the larger credit card providers introducing higher charges for making withdrawals and paying for goods while abroad.

Barclaycard next in line to charge irregular credit card users

24 May 2007

Barclaycard is being rumoured to impose a 20 fee on credit card users who the lender feels aren't using their plastic often enough.

Handbags seen as major cause of credit card fraud

23 May 2007

Research from Equifax has revealed that a woman's handbag has become one of the major causes of credit card fraud.

Mint, NatWest and RBS join 0% club

21 May 2007

Following Halifax's latest One card with its 0% on balance transfers offer, three of the RBS Group's major credit card suppliers; Mint, NatWest and the Royal Bank of Scotland (RBS), have introduced their new 13-month 0% credit card deals.

Brits spend £150k on cards during lifetime

18 May 2007

Plastic is still considered to be fantastic in the eyes of British consumers, according to life assistance firm CPP.

uSwitch urges caution over Halifax One Card

17 May 2007

Following the popularity of the Halifax One Card, which is now only accessible through an online limited availability, the lender has announced that it is to issue a new card with 0% on balance transfers and new purchases for the first nine months.



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