Credit Cards News

Jo Thornhill, Mail on Sunday6 May 2007 Fashion and furniture chain Laura Ashley has become the latest company to send out thousands of credit cards to customers who have not asked for them and may not want them. NO THANKS: Emma Johnson, with son Edward, turned down a Laura Ashley credit card OTHER STORIES The high cost of store cards Record numbers going bust New on the market One year interest free card deal Government firm sells private details CREDIT CARD  ...

Liz Phillips, Daily Mail4 May 2007 HSBC has launched a 12-month interest free deal on purchases on its standard Mastercard credit card - but the catch is that you must apply for it over the telephone or in a bank branch. WANT TO KNOW MORE? NEWS: The high cost of store cards OTHER STORIES The high cost of store cards Record numbers going bust New on the market Government firm ...

Mastercard has seen quarterly profits jump by 70% thanks to increased usage of its products and the weakness of the dollar against the euro. The world's second largest credit card firm made a profit of $214.9m (£108m) in the first three months of 2007. The amount put onto Mastercards grew 16% against a year ago while there was a 19.4% rise in transaction numbers. Latin America, the Middle East and the Asia Pacific region were particular targets for new business, it said. "There's a US  ...

NEW YORK (AP) - MasterCard Inc., the world's second-biggest credit card franchise, on Wednesday reported favorable currency exchanges and stronger use of its brand overseas led to a record first-quarter profit. The Purchase, New York-based company said profit for the first three months of the year rose to $214.9 million, or $1.57 per share, from $126.7 million, or 94 cents per share, in the year- ...

Wed 2nd May 2007 Savvy consumers have until May 13th to take advantage of a new Halifax credit card offer. The group's One card offers zero per cent interest on balance transfers and purchases for nine months and a low typical annual percentage rate (APR) of 9.9 per cent. The Halifax credit card also offers customers peace of mind as it covers against internet fraud when purchased onlin ...

Michael Clarke, This is Money28 April 2007 New rules have been introduced that are designed to force store card operators to clean up their act. HIGH CHARGES: Store cards charge far higher rates of interest than credit cards WANT TO KNOW MORE? TABLES: Best standard APR cards APPLY: A cheaper credit card DEALS: Cheap personal loans POLL: New rules force store cards to display a warning if interest is more than 25%. What should be done to control store cards? OTHER STORIE ...

(AFX UK Focus) 2007-05-01 05:50 GMT: VeriSign to offer passwords on bank card

Many shoppers who use UK store cards to buy goods will now be told on their account statement that they can get a better deal elsewhere. The warning will apply to store cards which charge an Annual Percentage Rate (APR) of more than 25%. About two-thirds of store cards offered in the UK breach the 25% threshold and will trigger a warning. The move to include the warning follows a Competition Commission inquiry last year which found APRs were too high. The Commission calculated that store ca ...