Many unaware of repayment allocation with credit cards
Posts Tagged ‘finance’
Many unaware of repayment allocation with credit cards
By Reno | October 21st, 2010 | GeneralIt has been reported that many people in the UK are unaware of how their credit cards repayments are allocated towards their credit card debt each month. Many are under the impression that each credit card repayment that they make each month is allocated towards their most expensive debt, but with most credit card providers [...]
UK credit cards are overused
By Reno | October 21st, 2010 | GeneralIt has been claimed by an industry expert that credit cards in the UK are being overused by consumers as a result of the ease with which consumers are able to use these cards to subsidise their spending. Management expert Yvonne Goodwin said that it was too easy for consumers in the UK to rely [...]
Worried Brits may turn to credit cards
By Reno | October 18th, 2010 | GeneralOfficials have said that many worried Brits may end up turning to credit cards to fund their Christmas spend this year, with many concerned that they do not have the necessary funds to pay for the items that they need for Christmas. Research carried out by a financial group showed that around 53 percent of [...]
Increase in credit card spending fuels debt concerns
By Reno | October 14th, 2010 | Credit CardsA recent report has highlighted how personal debt issues could increase over the coming months as a result of increased credit card spending. Figures have been released based on the Barclaycard Spending Index, and show that the amount spent on credit cards in August of this year was 9.2 percent higher than the same month [...]
Those with debt may not benefit from rewards based credit cards
By Reno | October 14th, 2010 | Cash Back & RewardsA recent report has shown that whilst rewards based credit cards may prove beneficial for some consumers, those that are in debt or cannot repay their balance in full will not benefit from having these cards for a number of reasons. With rewards based credit cards users are able to earn rewards points, discounts, air [...]
What’s the deal with rewards based credit cards?
By Reno | October 7th, 2010 | Cash Back & Rewards, FeaturedThe huge plethora of credit cards on the market these days comes as great news for consumers, as it means that they have plenty of choice when it comes to finding the perfect credit card for their needs, as well as a wide range of providers.
In the current financial climate it makes sense to ensure [...]
Businesses using credit cards and family loans to stay afloat
By Reno | October 7th, 2010 | GeneralIt has been reported that some businesses are having to rely on loans from their family and friends, or even on credit cards, in order to stay afloat financially. This is because many are still finding it difficult to get business finance from banks, and for smaller and start up businesses the only option to [...]
UK cardholders reliant on low interest cards
By Reno | October 7th, 2010 | Credit CardsThe results of a recent study have shown that a rising number of people in the UK have become increasingly reliant on low interest credit cards over recent years, particularly over the past few years where more people have had to rely on their credit cards because of the difficult financial climate and the recession.
The [...]
Credit card users need to shop around
By Reno | September 23rd, 2010 | GeneralOne financial industry group has stated that consumers who use or wish to use credit cards need to ensure that they shop around in order to get the best deals and the most suitable card. Officials from Lovemoney.com have said that it is vital for consumers to ensure that they look around for the most [...]
Existing bank customers getting best deals on credit cards
By Reno | September 23rd, 2010 | GeneralA recent study has shown that many banks are restricting their best credit card deals for existing banking customers, which means that those that are not accountholders with these banks may be missing out on some great deals. The research was carried out by Defaqto, with officials from the firm stating that around forty five [...]
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