Credit Cards News

Wed 30th Jun 2010 Consumers and retailers can look forward to taking advantage of the Barclaycard SmartPay system this summer. The firm revealed that it will be launching the payment processing system at some point in the next three months. It will feature fraud-protection tools and be PCI DSS compliant, according to the firm. Managing director of global payment acceptance at Barclayca ...

By Jeff Prestridge27 June 2010 Barclaycard has reduced the amount of 'cashback' that customers earn for having spent on their credit cards. WANT TO KNOW MORE? Barclaycard Freedom: is it a winner? BEST CREDIT CARDS ›› Rank credit card deals based on your personal criteria The move follows its withdrawal last month of cashback cards for new customers and the heavy promotion of its alternative 'Freedom' rewards scheme. Currently, cashback customers rec ...

Fri 25th Jun 2010 Credit card holders could find themselves with a raft of rewards and bonuses if they use their plastic effectively. Assessing the market for the types of plastic that are on offer, Confused.com stated that people can earn something for nothing with their cards. Looking at the average household spend of £386.30 per week that is paid off in full each month, the pric ...

By Sam Fleming25 June 2010 Reader comments (11) |Deals Banks are writing off record amounts of borrowing after a decade-long credit card binge by consumers. Debts: It is now payback time as loans become due WANT TO KNOW MORE? OFT takes bite out of loan sharks Insolvencies up as job cuts bite Get a better credit card THE DEBT TEST Find out if your debts are a problem. Take our 12-step debt test (average score 8). >> Debt test WAYS TO TACKLE DEBT 1. Read th ...

By Colin Fernandez22 June 2010 Reader comments (1) A computer wizard branded 'the most prolific chip and pin fraudster in the UK' was jailed yesterday for four years. Card Scam: Up to £35m could have been stolen at petrol stations WANT TO KNOW MORE? The top 10 fraud scams to avoid Warning as bank card fraud soars PROTECT YOUR IDENTITY Are organised crime gangs targeting your ID? FREE: Check your file > Read our blog for tips on how to check your fi ...

WELLINGTON, June 22 (Reuters) - Credit card billings in New Zealand rose during May amid an improving economy and certainty about tax cuts, official data showed on Tuesday. The Reserve Bank of New Zealand said total billings rose a seasonally adjusted 1.9 percent last month, after a revised 1.6 percent decline in April. Billings were 3.4 percent higher than a year earlier, after a  ...

Mon 21st Jun 2010 Saga has encouraged holidaymakers to take out a credit card which charges no foreign currency fees. According to the company, this could potentially make a big difference to a person's finances. However, it alleged that some credit card providers have been "fleecing" their customers and making them pay over the odds for making transactions in other countries. ...

Thu 17th Jun 2010 Prospective credit card holders have been urged to make use of a comparison tool available at Confused.com. The website's service is designed to help customers determine the likelihood of being accepted for a credit card before they submit a formal application to the lender. Joanne Garcia, head of credit cards at the firm, said the tool should be ideal for people who a ...

June 15 (Reuters) - JPMorgan Chase & Co: CREDIT CARD CHARGE-OFF RATE 8.95 PERCENT IN MAY VERSUS 9.03 PERCENT IN APRIL SEC filing CREDIT CARD DELINQUENCY RATE 4.22 PERCENT IN MAY VERSUS 4.4 PERCENT IN APRIL filing ((New York Equities Desk; tel: +1 646 223 6000)) (For more news about JPMorgan Chase & Co click here:) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The c ...

Wed 9th Jun 2010 Consumers with credit card debt can find some attractive deals on the market, according to Moneyfacts.co.uk. Michelle Slade, spokesperson for the website, claimed competition has returned to the credit card industry after a difficult period during the recession. She highlighted the results of an Office of Fair Trading study as a landmark, since it led to credit card pro ...