Credit Cards News

LONDON (AFX) - Barclays Bank PLC said it has signed a shareholders' agreement to form a 50/50 joint venture with Thomas Cook Ltd to provide a new Thomas Cook credit card and other financial services products. The bank said each party has made an initial de minimis capital contribution to the joint venture, which is conditional on agreement of terms and regulatory approvals which are expected to h ...

LONDON (Reuters) - Barclays Bank (BARC.L: Quote, Profile, Research) said on Friday it was forming a joint venture with tourism firm Thomas Cook UK Ltd to provide a Thomas Cook credit card and other financial services. The joint venture encompasses Thomas Cook's 600 UK shops, serving approximately 3.5 million customers, Barclays said. Thomas Cook is jointly owned by KarstadtQuelle (KARG.DE: Quot ...

By Clara Ferreira-Marques LONDON (Reuters) - The Office of Fair Trading will look at bank charges for customers who overdraw their accounts after winding up a months-long probe into penalties for the late payment of credit card bills. The OFT told credit card companies in April to slash penalties for the late payment of bills and said the principle of that decision applied to other charges such as those for unauthorised overdrafts, store cards and mortgages. At the time, Credit Suisse estimat ...

Banks will have to give details about the cost of using credit card cheques amid growing concern about their contribution to consumer debt. After a government consultation, lenders have agreed to give clear details of what handling charges and interest rates apply to the cheques. But the government has stopped short of regulating how cheques, most of which are sent unsolicited, are marketed. Some consumer groups have called for unsolicited cheques to be banned. They claim that most consumers ...

LONDON (Reuters) - The consumer watchdog said on Thursday it had completed a probe into credit card default fees but would now turn its attention to default charges on banks' current accounts. The Office of Fair Trading (OFT) told credit card companies in April that excessive penalties on default payments had led to unlawful charges of more than 300 million pounds a year across the industry. It s ...

Wed 6th Sep 2006 For most women, shopping to save money is a dream come true. With the Marks & Spencer &MORE credit card, the dream can become a reality. M&S has launched a special offer on its &MORE credit card, where new customers are awarded zero per cent interest on all purchases on the card for the first 12 months. Cardholders are then entitled to 3.9 per cent balance transfers  ...