Credit Cards News

This is Money2 March 2006 CONSUMERS have suffered another blow at the hands of credit card giant MBNA. From 1 April, the company will increase its maximum fee for balance transfers by 50% - from £50 to £75. OTHER STORIES New hope for debt victims Call for law change on credit card cheques New on the market Too thin for credit? Stop sending me everyone's mail CREDIT ...

"Dnt 4get 2 pay ur crdt crd bill" Barclaycard is warning its nine million UK customers, as the credit card provider joins the mobile revolution. A new service from Barclaycard means its customers can now sign up to a free text-message alert service that sends payment reminders five working days before the monthly payment is due. Customers who subscribe receive a message reading: If you’ve yet to ...

Credit card cheques should be ripped up rather than used, consumer groups have said. The cheques are routinely sent out to credit card holders and allow customers to buy goods from suppliers who do not accept credit cards. In theory they also allow a cardholder to more easily make a payment to an individual, and to post-date a payment. But this comes at a cost, typically incurring a higher inte ...

By Madeline Thomas LONDON (Reuters) - The government should protect consumers from the influx of cheques they receive from credit card companies, the Office of Fair Trading said on Wednesday. The cheques allow customers to draw money from an existing credit card account. But the OFT said they often cost a lot more than conventional card borrowing, were usually unsolicited and that those who use ...

The Office of Fair Trading has demanded a change in the law to restrict the use of credit card cheques. These allow people to spend money on their credit card accounts without using a piece of plastic. The OFT says purchases made with them often lead to higher interest charges, the imposition of a one-off fee and no interest-free period. Last November the government asked for views on how people could be given clearer information about the cheques. The Department of Trade & Industry wants to ...

Simon Moon, This is Money1 March 2006 NEW laws are needed to protect users of credit card cheques from rip-off rates and hidden charges, says a new report. OTHER STORIES Our IFA owes us £21,000 New on the market Abandoned by the bank Rating Lloyds TSB Gold Service The stars of saving USEFUL SAVINGS LINKS EMAIL US: Contact the team GUIDES: Saving and banking DEAL FINDER ...

This is Money1 March 2006 The Office of Fair Trading today called for legislation to protect consumers who use credit card cheques from £57m a year in unanticipated fees and interest charges. WANT TO KNOW MORE? DEAL FINDER: Best credit cards GUIDES: Credit cards and loans NEWS: Creit card cheques ' a cynical ploy' OTHER STORIES Water meters made compulsory Upbeat HBOS branching o ...

HSBC has become the latest bank to cut back its introductory credit card benefits - tightening the squeeze on so-called "rate tarts" attracted by zero per cent deals. The bank is reducing its zero per cent balance transfer and purchase period from nine to six months and increasing its standard APR from 13.9 to 14.9 per cent for new customers. The move is the latest in a long list of providers cutting back on deals. Halifax-Bank of Scotland reduced the zero per cent deal on purchases on its On ...

Helia Ebrahimi, Mail on Sunday27 February 2006 Do you suffer from thin file syndrome? If so, expect to be denied credit, even if you have not had any money problems to blight your record. WANT TO KNOW MORE? READER SERVICE: Check your credit rating DEAL FINDER: Find a cheap credit card DEAL FINDER: Compare cheap loans GUIDES: Improve your credit rating OTHER STORIES Stop sending me ev ...