According to recent reports the fees charges on balance transfer credit cards could be set to fall in the future, as lenders try and battle it out to increase custom by using a new form of incentive. In the past the incentives have included the headline interest rate and freebies for new customers. However, with [...]
According to a recent report a hike in credit card costs could become a reality for many cardholders in the UK, with many people finding that their interest free credit card periods are due to come to an end. A huge number of people have been taking out 0% balance transfer credit cards in order [...]
Over recent months officials have been warning consumers about the problems that have become associated with 0% balance transfer credit cards, which have become very popular over recent years. Many people use 0% balance transfer cards to transfer balances from existing high interest cards, enabling them to them repay the combined balance over a period [...]
Most borrowers in the UK have become used to having to accept borrowing costs and interest rates without question when taking out finance, and therefore when credit card providers push up the borrowing costs and interest rates on our credit cards many of us don’t take any action but simply make the higher repayments. However, [...]
Many credit card users have benefited from balance transfer credit cards over recent years, as these credit cards have enabled savvy consumers to save a fortune on interest on their credit cards debts. Most standard credit cards charge very high rates of interest, and those that do not pay their balances off in full each [...]
A financial industry professional has commented on the recently launched Zero credit card from high street bank, Abbey, stating that whilst the card offers a range of valuable benefits and money saving features, and will certainly benefit many consumers, there are other consumers that may find that an alternative card is more suitable despite the [...]
The global credit crunch that swept across the nation last summer has had long term adverse effects in all areas of the money markets, and consumers looking for good deals on loans, mortgages, and credit cards have seen their choices – and their chances – dwindle fast over recent months. A recent report has suggested [...]
Like other financial sectors in the UK the credit card market has suffered since the onset of the global credit crunch, which swept across the nation last summer squeezing the life out of the financial industry. Whilst the worst hit area seems to be the mortgage sector, the credit card sector has not escaped unscathed, [...]
Despite the global credit crunch that is still wreaking havoc in the UK’s financial markets, credit card transfer still remain popular, with many consumers trying or planning to transfer balances from their higher interest credit cards onto interest free balance transfer cards in a bid to try and save money on interest charges. According to [...]
In a bid to entice customers the Halifax recently launched its All in One credit card, which offers benefits that include ten months interest free credit on both balance transfers and purchases, enabling qualifying consumers to enjoy saving a small fortune in interest if they repay their balance within the interest free period. According to [...]
Although it may seem a while before Christmas swings around it often comes around far faster than we imagine, and...
By Reno | September 9, 2010 | Read More
Consumers in the UK have a wide range of credit cards to choose from these days, and there are cards...
By Reno | September 9, 2010 | Read More
Making purchases on a credit card can work out to be very costly for those that have high interest credit...
By Reno | September 9, 2010 | Read More
Many consumers are keen to save money on their borrowing, such as on their credit card borrowing, but with credit...
By Reno | September 9, 2010 | Read More
According to recent reports July saw improvements when it came to credit card lending in the UK, which many believe...
By Reno | September 2, 2010 | Read More