Credit Cards News

Michael Clarke, This is Money25 March 2006 CAPITAL One has launched a platinum credit card offering 15 months' interest free on balance transfers - but it has a sting in the tail. CARD TRICK: Customers may be out of pocket if they use the new Capital One card WANT TO KNOW MORE? DEAL FINDER: Credit cards TiM RECOMMENDS: Our card best buys READER SERVICE: Check your credit CHAT: Which card is the best? OTHER STORIES Card boost for holidaymakers Credit card mistakes to ...

LONDON (Reuters) - London's Court of Appeal has ruled that credit card guarantees for goods and services cover purchases abroad, as well as at home, overturning a previous High Court ruling and dealing a blow to credit card providers. The decision on Wednesday backs an appeal by consumer watchdog, the Office of Fair Trading (OFT), and will come as a boost to the growing number of Internet shopper ...

The Court of Appeal has said credit card guarantees do cover items bought overseas, reversing an earlier ruling. The decision backs an appeal by the Office of Fair Trading (OFT) concerning Section 75 of the Consumer Credit Act. Under this rule, shoppers can claim against the card issuer if a purchase is unsatisfactory or faulty, or if the seller refuses to compensate them. The OFT appealed after the High Court decided in 2004 that Section 75 did not apply to foreign purchases. The rule app ...

LONDON (Reuters) - Three of London's top judges will on Wednesday rule on a challenge by the Office of Fair Trading to a ruling that credit card guarantees for goods and services cover only domestic purchases, not purchases abroad. The OFT is seeking to overturn a High Court ruling in 2004 which was effectively a billion pound boost to credit card companies, and a potential blow to the increasing number of Internet shoppers. Justice Gloster ruled in the credit card companies' favour in a test  ...

LONDON (Reuters) - Three of London's top judges will on Wednesday rule on a challenge by the government's consumer watchdog to a ruling that credit card guarantees for goods and services cover only domestic purchases, not purchases abroad. The Office of Fair Trading (OFT) is seeking to overturn a High Court ruling in 2004 which was effectively a billion pound boost to credit card companies, and a ...

Michael Clarke, This is Money21 March 2006 CREDIT card companies are clamping down on customers that use their cards to bet on online gambling sites. CARD GAMBLE: Using your card to gamble could cost you more in the long-run WANT TO KNOW MORE? DEAL FINDER: Switch credit cards GUIDES: Beat debt CHAT: Are you are an online gambler? POLL: If you have taken out a loan in the past year, what is it for? OTHER STORIES Credit card mistakes to avoid Lenders under debt pressur ...

American Express (Amex) is to sell its Brazilian credit card business to local bank Bradesco for $490m (£279m). Privately-owned Bradesco will take over Amex's 1.2 million Brazilian customers when the deal is completed in July. Banco Bradesco is already Brazil's second largest credit card provider with nearly nine million users. Amex will retain its traveller's cheques business but the deal will significantly reduce its involvement in a market dating back to the 1920s. 'Important step'  ...