Credit card news, Jul - Sep 2007

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1 in 4 stung by credit fees but only half want change

26 July 2007

Despite one in four people being stung by a credit card fee in the past 12 months, less than 15% would like to see fees replaced by an annual charge.

London the hotspot for card fraud

25 July 2007

London is at the centre of a new wave of credit card fraud, a report has found.

OFT set to simplify credit card payments

24 July 2007

The cost of using a credit card is to be simplified thanks to work from the Office of Fair Trading (OFT).

New card for footy fans

20 July 2007

Football fans will be able to show more support to their favourite club in future, thanks to a new credit card from Barclaycard.

Credit card users in debt sentence

19 July 2007

Over 3.5 million credit card customers are putting their financial health at risk by only paying back minimum payments on their plastic each month, it has emerged.

Cheques go out of favour

17 July 2007

Britons' love of internet banking and their flexible friend the credit card has led to a sharp drop in the number of cheques being written, APACS has revealed.

Foreign currency ATMs more popular

16 July 2007

The UK is likely to witness an increase in the number of cash machines supplying foreign currency in the future, LINK has revealed.

Consumer spending up in July

13 July 2007

Wet weather has failed to dampened consumer spending in the UK, but the British Retail Consortium (BRC) has revealed the effects of the latest interest rate rise have yet to be felt.

Information Commissioner concerned about ID breaches

12 July 2007

The Information Commissioner for England has expressed his "horror" at the number of firms, public bodies and banks currently breaching data protection rules.

Barclaycard unveils three in one card

10 July 2007

Barclaycard has just announced the name of its new product - a contactless card that combines credit card and Oyster card services.

Travellers advised to prepare against theft

09 July 2007

People jetting off on their holidays this summer should ensure they are fully equipped with all their credit card details should the unexpected occur.

Virgin launches Pay As You Go card

06 July 2007

Virgin Money has announced the launch of a new pre-paid card, designed for people without access to traditional banking services.

Charity credit cards competitive

05 July 2007

Credit cards linked to charities can offer consumers competitive rates comparable to generic cards offered by high street banks, Halifax has claimed.

Britons still in love with plastic

04 July 2007

Britons' love affair with credit cards is as strong as ever, a new report from APACS has revealed.

OFT plans credit card advertising investigation

02 July 2007

The Office of Fair Trading (OFT) has announced that it is to investigate credit card advertising.



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