Archive for March, 2008

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Culled credit card limit could cause problems

Credit card firms have found themselves at the centre of controversy for a number of reasons over recent weeks. The Internet lending giant, Egg, came under fire after it decided to cancel the credit card facilities of 161,000 customers, despite the fact that many of them appeared to have good credit and claimed to have [...]

31Mar2008 | admin | 0 comments | Continued
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Spending appears healthy despite credit crunch

According to a recent report many consumers in the UK are continuing to spend at healthy levels despite the financial hardship and problems that rising living costs and the credit crunch have brought. The month of February enjoyed a surprise boost in the level of retail sales, largely fuelled by healthy spending on food according [...]

31Mar2008 | admin | 0 comments | Continued
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Rate tarts could experience difficulties due to transfer fees

A recent report has indicated that credit card rate tarts could experience increasing problems as a result of fewer and fewer balance transfer credit cards capping the transfer fee that is charged. In the past many of these credit cards charged a fee of between 2-3% of the amount being transferred but capped the fee [...]

25Mar2008 | admin | 0 comments | Continued
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Is it the end for capped balance transfer fees?

Balance transfer credit cards have become very popular over recent years, but over time credit card companies have started to try and make up for the lost revenue that comes with offering a 0% interest period by charging balance transfer fees.

20Mar2008 | admin | 0 comments | Continued
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Cheque payments being phased out

Over the years many consumers in the UK have become used to making payment for goods and services by way of a cheque, even in places such as shops and supermarkets. However, recent research shows that cheque payments could soon become a thing of the past in many areas, with fewer and fewer retailers wishing [...]

18Mar2008 | admin | 0 comments | Continued
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Credit card companies hike up various rates

A recent report has shown that many credit card companies have hiked up a variety of different rates and fees in order to try and make more money from consumers. Over the past month credit card companies have introduced over thirty different fee and rate hikes, which could end up costing consumers millions of pounds [...]

15Mar2008 | admin | 0 comments | Continued
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The fastest way to get a decision on your credit card application

There are often times when we need to apply for finance in the form of a credit card but we need a quick decision with regards to whether the application has been successful. For example, you may be planning to book a holiday and you need to credit card to provide you with the finance [...]

12Mar2008 | admin | 0 comments | Continued
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MasterCard Paypass launches in London

A number of areas in London have seen the launch of the MasterCard Paypass system, which is a contactless card system that enables consumers to make smaller purchases by card without having to sign anything or enter a PIN number. These cards can be used for purchases of £10 or less, and are set to [...]

11Mar2008 | admin | 0 comments | Continued
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Your gifts could cost twice as much with a store card

With many shoppers across the UK clamouring to get last minute gifts for Christmas, and often trying to work out how to finance their purchases, experts are urging consumers to watch out for the perils of store cards and to think carefully before being talked into signing up for one. Retailers push store cards particularly [...]

8Mar2008 | admin | 0 comments | Continued
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Consumers need to watch their credit card spending

Over the past year many consumers across the UK have seen their credit card debts spiral out of control, leaving them to deal with high repayments and extortionate interest charges at a time when finances may already be tight due to rising interest rates, mortgage repayments, food, energy, and petrol costs. Credit cards have been [...]

5Mar2008 | admin | 0 comments | Continued
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