Credit Cards News

By Lorna Bourke LONDON (Citywire) - Credit card companies have tried every rip-off in the book, according to Which?, and now the consumer group is determined to make the firms mend their ways. Late payment charges, penalties for exceeding your credit limit, arbitrary removal of interest free concessions, incomprehensible interest rate calculations - you name it and the credit card companies have tried it, Which? says. "The credit industry has an alarming number of tricks up its sleeve to wrin ...

Michael Clarke, This is Money6 December 2005 CREDIT card companies will be sending out their own little gift to their customers this Christmas in the form of unsolicited credit card cheques. WANT TO KNOW MORE? DEAL FINDER: Compare credit cards DEAL FINDER: Cheap loans CHAT: What's the best card for purchases? OTHER STORIES Banking on the people Capital One blow for rate tarts Lende ...

Consumers can save £1,100 in interest payments by consolidating their store card and other debts into a single unsecured loan, Alliance & Leicester calculates. The bank points out that someone taking debts of £1,000 on three different store cards, and £4,000 outstanding from a car finance deal, and putting it all on a low-rate loan Britons can make huge savings. "With many millions of pounds spe ...

UK residents are more loyal to their credit cards than to their jobs, new research reveals. On average Britons spend 9.6 years with their credit card provider, compared with 7.6 years in their jobs, Morgan Stanley Credit Card finds. In fact, residents of the north-east spend longer with their credit card than the average Briton does with their their spouse. North-easterners stay with their cre ...