Credit card news, Oct - Dec 2008

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Brown urges credit card firms to lend more responsibly

12 November 2008

Gordon Brown has urged credit card providers to lend more responsibly and to help consumers who are getting into financial difficulty.

Visa steps up fight against fraudsters

11 November 2008

Visa has launched a new credit card with its own PIN entry keypad in a bid to crack down on card not present fraud.

Diamond-inlaid credit card offered to Kazakhstan's super rich

04 November 2008

An exclusive credit card laced with gold and inlaid with a real diamond is being offered to the super rich in Kazakhstan.

New Abbey credit card offers cashback on food and petrol

03 November 2008

Abbey has launched a new credit card designed to help consumers whose finances are being squeezed by the rising cost of living.

Credit card spending 'set to fall'

29 October 2008

Spending on credit cards is expected to fall this year as cash-strapped consumers make fewer big ticket purchases.

Christmas to go on credit cards

27 October 2008

Over one-fifth of consumers are planning to use their credit cards to cover the cost of Christmas, according to a new survey by Norwich and Peterborough Building Society.

Consumers warned over 'inflated APR' on new Argos payment card

27 October 2008

Consumers are being urged not to give in to expensive credit deals such as the one being offered by catalogue shopping retailer Argos ahead of the Christmas period.

Saga has 'no plans' to cut its interest free period

23 October 2008

Saga has insisted it has no plans to cut the number of interest free days available on purchases made by its Saga Platinum Visa Card customers.

Credit card providers 'fleecing consumers'

22 October 2008

Credit card providers managed to fleece consumers for up to £1 billion over the last year by "tweaking" their terms and conditions, it has been claimed.

Consumers urged to ditch debit cards

20 October 2008

Consumers are missing out on hundreds of pounds worth of cashback benefits by using debit cards instead of credit cards, according to new research by American Express.

Students 'better' at repaying credit card balances

16 October 2008

Students are better at repaying their credit card balances than the rest of the UK population, according to new statistics.

Consumers 'using credit cards to withdraw cash'

15 October 2008

Consumers are putting themselves in financial peril by withdrawing cash on their credit cards, according to research by uSwitch.com.

Safe online shopping campaign to be launched

14 October 2008

A new campaign aimed at helping credit card customers stay safe when shopping online is to be launched by the UK payments association Apacs.

Minimum repayments 'can lead to larger debts'

13 October 2008

The presence of a minimum repayment level on a credit card can lead to larger debts as it often discourages consumers from paying off their balances in full, new research shows.

Backpackers facing credit card cancellation problems

03 October 2008

A growing number of backpackers are having their credit cards cancelled while they are abroad because their banks have mistaken them for fraudsters, it has emerged.

Overseas credit card fraud accounts for 40% of total losses

02 October 2008

Fraud committed against UK credit card holders by criminals working overseas now accounts for 40% of total credit card losses, new figures show.

M&S credit card holders offered chance to win a million

01 October 2008

M&S Money is offering its credit card customers the chance to win one million M&S points to spend in any Marks & Spencer store.