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- Fee-free balance transfer credit cards disappear from the market - 28th August, 2009
Customers wanting to take out a credit card which allows them to transfer balances without being charged a fee are slowly being taken off the market by lenders, according to one industry figure.
The Daily Mail's financial expert James Coney wrote in the newspaper that with Barclaycard and Citibank both making their fee-free balance transfer credit card options unavailable in recent weeks, there is now only one provider to go to... - Small print 'could contain hidden credit card charges' - 6th August, 2009
Brits receiving letters from their credit card providers about alterations to the terms and conditions of their product should make sure that they do not include changes to how they pay back the firms.
James Coney, an expert writing for the Daily Mail, said that American Express is the latest in a long line of companies which have changed how repayments are made, including Goldfish, Sky and Nationwide... - Avoid shifting debt onto credit cards, warns expert - 29th July, 2009
An expert within the industry has said that those shifting debt onto credit cards may be helping their finances to spiral out of control.
Tom Howard, spokesperson for the Consumer Credit Counselling Service (CCCS), said that the practice of taking out more credit to pay back previous debt accrued on cards is "a sign" of a money problem... - Credit cards hoarded by Brits - 22nd July, 2009
British people are not getting rid of credit cards they are no longer using, according to a new report from financial advice website uSwitch.com.
The research claims that 16.3 million consumers in the UK currently have 38 million credit cards between them which they have stopped using but not cancelled, accounting for a collective credit limit of £200 billion... - Warning against using credit cards abroad - 16th July, 2009
Credit card provider Caxton FX has revealed that British people could be collectively saving hundreds of millions of pounds by refraining from using their plastic at ATM machines while on holiday in other countries.
In new research, the firm found that every year £248 million is wasted through the expensive fees attached to making cash withdrawals on credit cards in foreign countries... - Fee-free balance transfer credit card announced by Egg - 13th July, 2009
A new credit card which does not charge fees for balance transfers has been launched by online bank Egg.
Coming with various reward deals, the Egg Money Mastercard product comes with an interest rate of 8.9 per cent, with one per cent of all purchases able to be claimed back up to a maximum of £200... - BT announces balance transfer credit card rewards - 8th July, 2009
Telecommunications firm BT has revealed it is extending its credit card rewards scheme so customers can make unlimited savings.
Already paying zero per cent interest on balance transfers, credit card customers with BT can also save one pence on their phone and broadband bills for every £1.50 they spend on plastic... - Credit card companies 'give unwanted money' - 2nd July, 2009
Credit card companies are loosening the limits placed on their products in order to extract more money from consumers through interest, according to one website.
New uSwitch.com research has found that credit card owners saw their limits rise by an average of £1,538 in the past 12 months, despite not requesting that more allowance to be given to them... - Caxton FX abolishes fees for using credit cards abroad - 30th June, 2009
Holidaymakers thinking of using their credit card abroad in Europe and the US can now take advantage of Caxton FX's euro and dollar plastic deals without facing ATM charges.
After considering customer feedback which showed that fees placed on ATM transactions are particularly unpopular with credit card users, the firm has decided to abolish all charges from July 10th... - Barclays reduces minimum payment on credit cards - 29th June, 2009
Barclays credit card holders will now be able to make lower repayments, thanks to the alteration of the firm's guidelines.
Barclays, one of the UK's biggest credit card companies, has decreased the minimum repayment rate from 2.25 per cent to 1.5 per cent, but the move has been criticised by some experts...