Credit card news, Oct - Dec 2006

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OFT and credit card industry set to make charges clearer

27 October 2006

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

Brits favour cash to credit

27 October 2006

A survey has been carried out by the European Security Transport Association (ESTA) to establish if Europeans would be prepared to scrap paper money and coins altogether in favour of electronic payments.

Credit card industry given a boost

26 October 2006

Apacs, the UK trade association for payments, has released a report this week praising the progress of transparency in the credit card industry.

Fashion victim?

25 October 2006

A recent survey from Halifax Credit Cards has revealed that Brits spent £43.7 billion on clothing and footwear last year, equating to five per cent of the average Brit's disposable income.

Credit card borrowing levels drop

24 October 2006

The British Bankers' Association (BBA) has announced a drop in the level of consumer borrowing on credit cards. Its statistics showed that credit card borrowing fell by £0.1 billion in September this year.

Oxfam comments on RED credit card

19 October 2006

Oxfam has commented on the launch of the American Express RED card, which is designed to fight HIV, malaria and tuberculosis in Africa.

American Express promotes charitable side

16 October 2006

Nearly 20 million Britons are using credit cards which offer no additional rewards.

Credit card repayments increase

12 October 2006

New research from the UK payments association Apacs has shown that credit card repayments are now on the rise.

Apacs comments on wealth warnings

11 October 2006

UK payments association Apacs has commented on the recent calls for credit cards to have wealth warnings to inform consumers.

Lloyds TSB comments on unsolicited credit card mail

10 October 2006

Lloyds TSB has commented on the problem of unsolicited mail from credit card companies.

New green credit card from smart

09 October 2006

The iconic car manufacturer smart has launched a new credit card in association with both HBoS Card Services and DaimlerChrysler Financial Services.

Interest rates remain the same

06 October 2006

The Bank of England's monetary policy committee (MPC) opted yesterday to keep interest rates pegged at 4.75%.

Barclaycard provides flexi-rate for consumers

05 October 2006

Barclaycard has introduced a new service on its flexi-rate card which offers nought per cent balance transfers for 12 months.

MasterCard SmartData service reaches 1m mark

04 October 2006

The MasterCard SmartData Online (SDOL) service has reached its one million transactions per month milestone.

Banks tighten lending policies

02 October 2006

Banks in the UK are tightening up their lending policies, according to an industry spokesman.

Post Office changes credit card deal

02 October 2006

The Post Office has restructured its credit card package so that consumers who use the card abroad will now have to spend less than they did in the past.



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