Internet banking giant Egg has once again found itself at the centre of controversy over its credit card division, after it was revealed that the lender has hiked its cash withdrawal fees on credit cards by a whopping 66 percent recently.
A recent report has suggested that cash back credit cards are increasing in popularity, as consumers try to make the most of their spending and try and earn something back from lenders in the current difficult financial climate rather than paying interest to lenders.
Rewards based credit cards, such as air miles credit cards, have become increasingly popular over recent years, and many people that use their credit cards regularly and repay their balance in full each month decide to take out an air miles credit card so that they can enjoy cheaper travel, making these cards effective for [...]
In the current difficult financial climate rewards based credit cards such as cash back credit cards have become more popular amongst those that want to make the most of their credit card spending and earn a little something back from the credit card firms rather than end up paying the companies for the privilege of [...]
Recent reports have shown that one major credit card provider has increased the interest rate on one of its credit cards to over thirty times the base interest rate, charging a massive 46 percent APR on the card.
Recently released figures have shown that both credit and debit card spending levels increased for the month of September this year, which has come as a surprise for many industry officials given the current difficult financial climate. The figures show that there was a 12.7 percent rise in spending on debit cards for the month [...]
In a recent report some industry officials have said that people that use their debit cards to make everyday purchases or to pay for spending over the festive season could be losing out on a significant level of cash back by failing to use a specialist credit card for their spending instead.
With credit conditions still tight and household finances stretched to their limits as a result of rising living costs, higher food prices, soaring petrol prices, and rocketing bills, many people have found that they do not have enough money to make ends meet each month. As a result of this many have found that they [...]
According to one industry official credit card rewards schemes need to be more transparent in order to better benefit consumers. This comes after a survey revealed that many consumers with rewards based credit cards were failing to collect their rewards for one reason or another. Many people have signed up to rewards based credit cards [...]
According to a recent report a greater number of users are getting access to contactless credit cards, which are plastic...
By admin | July 3, 2009 | Read More
It has recently been claimed that credit cards that are designed to repair the credit of users could actually end...
By admin | July 1, 2009 | Read More
It has been shown in a recent report how credit card interest rates in the UK are soaring, with the...
By admin | June 30, 2009 | Read More
Over recent months, with the recession setting in, financial conditions becoming increasingly difficult and unemployment levels rising, the travel business...
By admin | June 28, 2009 | Read More
Recent figures released by the Bank of England have indicated that the level of credit card debt in April of...
By admin | June 25, 2009 | Read More