Credit card news, Oct - Dec 2006

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Credit card borrowing drops

29 December 2006

Net lending on credit cards rose by £0.1bn in November, new figures from the British Bankers' Association (BBA) reveal

Credit cards bear brunt of impulse sales shopping

28 December 2006

As many as 38% of purchases in the post-Christmas sales will be made using credit cards, a new study from Halifax card services has found

Virgin card helps out at Christmas

27 December 2006

Christmas is complete, New Year is on the horizon, and the season of sales is upon us

Shoppers should exercise store card caution

22 December 2006

Consumers are still showing shortcomings when it comes to APR on store cards, according to an Alliance & Leicester spokesperson

IMF adds to pressure to raise interest rates

21 December 2006

The probability of interest rate rises early in 2007 increased sharply following calls for such a move from the International Monetary Fund (IMF).

Rush-hour for ATMs is 12 - 1pm, according to Barclays

20 December 2006

According to research from Barclays, the rush-hour for hitting the hole-in-the-wall is between 12:00-13:00 on a Saturday, with December 23rd expected to see over £1 million being withdrawn from the 50,000 cash machines across the UK.

Sainsbury's Bank warns consumers not to fall for charging ATMs

19 December 2006

Consumers are at risk of spending £16.43 million just for withdrawing their own money if they don't watch out for charging ATM machines, according to research from Sainsbury's Bank.

Credit cards will fund £1.62m in last minute shopping

15 December 2006

Consumers will spend up to £1.62 million on their credit cards as the last few days for Christmas shopping draw near, according to Sainsbury's Bank.

City shoppers to benefit from single, contact-less card

14 December 2006

Barclaycard has announced that it has teamed up with the brains behind the capital's Oystercard scheme to produce a single card that consumers can use for their travel and to pay for their purchases bought when commuting to and from work.

600 free ATM machines launched in UK's poorest areas

13 December 2006

The cash machine taskforce chaired by John McFall MP has struck a deal with leading banks, cash machine operators and HM Treasury to provide over 600 new non-charging cash machines in Britain's lower-income areas to allow consumers easier access to their hard-earned cash.

Consumers must not be naive when it comes to store cards

12 December 2006

Consumers are being warned not to fall into retailers' traps by succumbing to attractive store cards, which rarely offer value for money and can end up costing consumers more in the long run.

Credit card delivery delay won't cost consumers

08 December 2006

An unexpected rise in demand has caused Norwich and Peterborough BS to admit to customers that although their credit card application has been accepted, they will not receive a card for up to three weeks.

Apacs urges consumers to shop safe this Christmas

06 December 2006

Apacs, the UK payments association, has issued a statement urging consumers to make sure that they are shopping safely online in the run up to Christmas by ensuring that they use internet security systems like those provided by Visa and MasterCard.

Credit card users urged to seek Farepak refunds

04 December 2006

Consumers who were caught up in the Farepak collapse and paid for their saving via their credit cards are being urged to check whether they are entitled to refunds.

OFT must toughen up against illegal credit card fees, says consumers

01 December 2006

Consumers and action groups are marching outside the Office of Fair Trading's (OFT's) Fleetbank House at 14:00 GMT today to demonstrate their anger at unfair fee charges for credit cards, Business Credit Management reports.

Barclaycard forced to write off £1.5 billion

30 November 2006

Consumers spending beyond their means has led to Barclaycard having no choice but to write off £1.5 billion worth of customers' debt.

Mother's anger at credit card offer for 7-year-old daughter

29 November 2006

A mother has told of her anger at a credit card company who offered her daughter a Mastercard that would entitle her to a credit limit of £1,600 at a variable APR rate of 33.9%.

Play your cards right, Halifax urges consumers

28 November 2006

All the major credit card companies are vying for consumers' attentions at this time of year, but Halifax is urging consumers to really spend some time looking around to see what's best for them before committing to a card which could cost them more money.

Visa launches wave-and-pay credit cards

27 November 2006

Contactless, or wave-and-pay cards, are being launched by Visa and are expected to arrive in the UK before the end of the year.

Get more for your plastic at Asda

24 November 2006

Credit card companies are going into over drive this month in an effort to attract new consumers in time for the big Christmas spend.



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