Credit Cards News

Banks in Ireland will soon be banned from raising a customer's borrowing limit on a credit card without getting their permission first. The Irish Financial Services Regulatory Authority is introducing the new rule in July as part of a comprehensive code which will govern all aspects of the relationship between banks and their customers. Liam O'Reilly, the regulator's Chief Executive, told BBC Radio 4's Money Box programme the move is partly a response to the growing level of debt in Irelan ...

Thu 5th Jan 2006 The Halifax One credit card has been ranked as best on the market by the financial information service Moneynet.The card's interest-free period of 12 months and its zero per cent on purchases for three months put it ahead of competitors, the service said.Moneynet research shows that there are still some good deals on the market despite the increase in cards that charge fe ...

A new assessment has revealed the best credit card balance transfer deals available at the moment. Moneynet, a financial information service, places Halifax, Mint and the Post Office at the top of the credit card balance transfer list. By contrast Tesco, Morgan Stanley and Hilton are all described as cards to avoid when considering moving to a zero per cent deal. "The balance transfer market is ...

As shops cut ever more money from marked prices, there is a risk that - blinded by potential bargains - shoppers will not see the potential cost of shop finance deals such as interest-free offers. The Post Office is urging UK residents to look for the best interest rates available when buying goods in the sales, whether using credit cards or personal loans. "The new year is a time when we all re ...

Helen Loveless, Mail on Sunday4 January 2006 CREDIT card firms are deluging borrowers with cheques they have not asked for, despite protests from politicians and consumer groups. TARGETS: Paul Sharp, with wife Deborah OTHER STORIES Beat the New Year debt blues Banks face loans and cards rap Creditable tips for New Year Debt suicide widow's warning New Year credit war kicks off HAVE YOUR SAY 'IF cards - what are they doing?' 'The best balance transfer card'  ...

Tue 3rd Jan 2006 Rates for the American Express Clear Blue Credit Card have changed over the new year.The variable annual percentage rate stands at 6.9 per cent on all purchases and the balance transfer rate is the same for the life of the balance, the company said.Katherine Whitton, vice president and head of UK product management at American Express, said: "The new year offers many who  ...