Credit card news, Jan - Mar 2006

High street banks help create credit awareness

30 March 2006

A number of the high street's biggest banks have signed up to a new scheme aimed at increasing awareness of customer indebtedness.

Consumers given tips after credit card court ruling

29 March 2006

The Office of Fair Trading (OFT) has given advice to consumers following the court ruling that goods purchased overseas are covered by section 75 of the Consumer Credit Act.

Unused credit cards pose security risk

28 March 2006

Millions of UK residents are putting themselves at unnecessary risk of being the victims of identity fraud by carrying around credit cards that they never use.

Egg advices credit card planning

27 March 2006

Egg has issued advice for borrowers, helping them get the most from their credit card.

Consumers could end up paying for credit card ruling

24 March 2006

Banks could attempt to pass costs on to consumers after a court ruled that credit card guarantees do cover goods purchased outside the UK, according to switching and comparison website uSwitch.com.

Credit card guarantees are valid abroad, court rules

23 March 2006

Goods bought overseas using a credit card will be covered by the card's guarantee, a UK court has ruled.

Chip and PIN cards to spark self-service culture

22 March 2006

The advent of chip and PIN cards will create a new self-service culture among UK consumers, according to a secure transaction company.

Millions of women lie about credit card use

21 March 2006

Over three million females admit to not telling the truth about their credit card balance, research has found.

CAB welcomes credit reform

20 March 2006

The Citizen's Advice Bureau (CAB) has welcomed a government amendment to credit legislation that it says could outlaw irresponsible lending.

Brits using credit to boost birthday celebrations

17 March 2006

People in the UK are throwing caution to the wind when their birthday comes round, with the country spending £1.6 billion a year on birthday celebrations, according to a survey.

Consumers concerned over cash machine card fraud

16 March 2006

More than three quarters of people in the UK feel concerned about withdrawing cash from cash machines due to fears that they might have their card details stolen, according to a bank.

Bad debt could reduce cheap credit availability

15 March 2006

Indebted consumers may find it more difficult in the future to receive relatively cheap credit as lenders begin to worry more about bad debt, a market analysis company has said.

Credit card users spend nearly £8 million on themselves

13 March 2006

UK credit card users spent almost £8 million of their card expenditure on themselves in the last three months of 2005, according to a credit card company.

Average woman spends £80,000 on shoes, claims American Express

10 March 2006

The average woman spends £80,000 on shoes over the course of her lifetime, claims American Express

Fingerprint scans offer credit card alternative

09 March 2006

Innovative new fingerprint scan technology could herald a shift away from credit card dependency

Report on store cards disappoints

08 March 2006

A final report on store cards released by the Competition Commission (CC) has been described as "disappointing"

Card fraud down 24%

07 March 2006

The introduction of chip and PIN technology is being credited with reducing the amount of counterfeit and lost and stolen fraud



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