Credit card news, Oct - Dec 2007

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APACS releases quarterly statistics

07 November 2007

Payments association APACS has released its new figures for the last quarter, showing another rise in plastic card purchases.

uSwitch research: 'Stealth charges' taken by providers

06 November 2007

uSwitch research has shown that UK credit card providers are making around £6 million per month more from cash withdrawals than they did in 2001 - before charges were ramped up.

'Black Christmas' for cards

02 November 2007

Providers and retailers alike will see a downturn in credit card use this festive season, a new report indicated today.

House of Lords credit card ruling welcomed

01 November 2007

A House of Lords ruling that credit card firms must refund consumers who buy goods and services abroad was welcomed by uSwitch yesterday.

AmEx unveils new Platinum card offer

31 October 2007

Credit card firm American Express has unveiled changes to its Platinum service by launching a 5% cashback offer.

Nationwide backs card bill clarity

30 October 2007

UK credit card holders could be paying an extra £500 million in interest each year thanks to a lack of clarity on their bills, Nationwide said yesterday.

Nationwide advises on store cards

26 October 2007

Building society Nationwide warned British consumers yesterday that store cards offered by big retailers can hold a hidden financial sting.

Retailers criticise banks for card costs

25 October 2007

UK banks are charging too much for credit card use in shops, a retailers' group said yesterday.

APACS research looks into spending 'stereotypes'

24 October 2007

The payments association APACS has given an insight into how financial trends differ across the UK.

Online card fraud grows sharply

23 October 2007

Research from Retail Decisions (ReD) shows that there has been a 131% increase in online credit card fraud over the past year.

Banks 'crack down' as card applicants are turned away

18 October 2007

In a sign that the recent turbulence in global financial markets has had a knock-on effect at consumer level, banks in the UK are reining back their credit card services.

One million 'pay mortgage on plastic'

17 October 2007

Around one million Britons are paying their rent, and even their mortgages, on high-interest credit cards, homelessness charity Shelter has revealed.

Credit card switching on the rise

17 October 2007

More and more people are willing to switch credit card provider to get a better deal, Abbey have said.

CIFAS makes fraud pledge

12 October 2007

The government has earmarked £28 million in funds specifically to fight fraud as part of its comprehensive spending review - news which might be welcomed by Britain's credit card holders.

ID fraud 'confuses Brits'

11 October 2007

A new study from credit card firm Capital One shows that awareness of what to do in cases of ID theft is very limited among Britons.

'Freeze laws' proposed

09 October 2007

A campaign group has proposed that laws should be reformed to afford credit card users with extra identity protection.

FSA gives online PPI advice

05 October 2007

The Financial Services Authority (FSA) is to issue useful advice on payment protection insurance (PPI) on its website in a bid to make it more user friendly.

Fraud abroad fuels credit card figures

04 October 2007

Plastic card fraud abroad has been identified as the main factor behind a surge in the levels of UK debit and credit card fraud, new figures show.

Lords to make decision on card purchase protection abroad

03 October 2007

Credit cardholders could soon lose their rights to be refunded for damaged or undelivered goods bought abroad or shipped over to the UK.

Youngsters get credit advice

01 October 2007

Young people are to receive more help with choosing the right plastic card to suit them, with two new practical consumer advice guides.



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