Credit Cards News

Michael Clarke, This is Money5 May 2006 IF TWO credit card companies charge an APR of 12%, then customers borrowing the same amount should be charged the same amount of interest, right? CARD LOTTERY: How is your interest calculated? WANT TO KNOW MORE? DEAL FINDER: Credit card deals EXPERTS: Credit questions answered POLL: Should there be a limit on the interest rate lenders can charge on credit cards? OTHER STORIES Personal bankruptcies soar Lloyds blow for cashback  ...

Michael Clarke, This is Money4 May 2006 LLOYDS TSB has written to thousands of its cashback credit card customers to tell them that the deal is being scrapped. WANT TO KNOW MORE? DEAL FINDER: Credit cards TOP BUYS: Our cashback recommendations READER SERVICE: Credit check OTHER STORIES Vorderman slammed over TV ads Is pre-pay best for your holiday? New on the market Breaking up is ...

By James Politi in New YorkPublished: May 3 2006 19:37 | Last updated: May 3 2006 19:37MasterCard, the US credit card association, is seeking a $5.6bn valuation from investors as it moves closer to ending its 40-year history as a private company through an initial public offering. In a filing with US regulators on Wednesday, MasterCard said it intended to sell up to 61.5m shares in the company at ...

Mastercard, one of the world's largest credit card companies, is hoping to raise up to $2.8bn (£1.5bn; 2.2bn euros) by selling 46% of its shares. The listing on the New York Stock Exchange values the firm's shares at between $40 and $43 each. The firm, which at present is owned by 1,400 banks, is offering 61.5 million shares to the public. The firm also plans to keep 10% of its shares to start the Mastercard Foundation, a charitable foundation. Mastercard has been an association owned b ...