Credit Cards News

Credit card customers could be set to benefit from ever-better deals, as competition between card providers hots up. Already card companies are extending zero per cent deals in an attempt to secure customers in a receding market, seeing so-called 'rate tarts' cost lenders around £2 billion to £3 billion a year. But Moneynet.co.uk today predicts that UK credit card providers will have to produce  ...

Christmas might seem a long way away, but consumers are being advised that now is the time to start shopping for their festive credit cards. With 36 providers offering credit cards with a zero per cent introductory period for purchases, the right selection now could mean that the yearly Yuletide spending spree can be spread across the winter, and even into spring. "Waiting until November or Dece ...

Barclaycard is testing a new credit card that charges borrowers less interest the more money they pay off each month. The new system - offering variable rates of interest on the same card - is new to the credit card market, and has been described as "very positive" by industry insiders. The new Barclaycard Repayment Rewards system allows borrowers who pay off more of their balance to benefit fro ...

HOLDERS of Virgin credit cards have become the latest consumers to be targeted by internet fraudsters. People with the cards have been sent e-mails warning them their online accounts would be shut down because of inactivity if they did not log on within five days. The e-mail contained a link to a rogue website set up by the fraudsters which asked people to enter their account and credit card d ...

A CREDIT card has been set up by Barclaycard which aims to reward consumers who pay off their balances quickly with lower interest rates. The Repayment Rewards card links the interest rate customers are charged on their outstanding balance with the percentage of their debt they repay each month. Somebody who pays back between 5.05 per cent and 9.99 per cent of their balance will be charged int ...

Tue 20th Sep 2005 BBVA and the website hotelopia have launched a co-branded credit card, called the Suite Card.Customers using the card will earn points when booking hotels via hotelopia, which can in future be exchanged against further bookings on the website. The Suite Card also offers customers using the website a ten per cent discount on hotel reservations worldwide.Javier Bernal, manager of  ...

Britain's appetite for debt appears to waning, as new figures show credit card lending has fallen for the second time this year. Figures from the British Bankers' Association out today show that in August the amount borrowed on credit cards fell by £146 million. But while credit card lending dropped, the overall amount of money leant to the British public rose, as overdrafts and loans picked up. ...