Credit Cards News

Thu 28th Jun 2007 Consumers should choose a credit card carefully in order to pick a package which most closely suits their needs. The director of the Debt Advice Bureau, Stephen Rose, said that borrowers could save significant amounts by spending a period of time scouring the best deals for their circumstances on comparison sites. Mr Rose said that customers with an existing balance on ...

28 June 2007, 9:10am Credit card company Capital One has confirmed it is closing its UK secured loans operation with the loss of about 230 jobs. WANT TO KNOW MORE? REPORT: Capital One fined £175,000 MORE: Capital One breaks card cheques rules OTHER STORIES HMV's profits slump by £50m Market report: Thursday preview Yesterday's trading: PartyGaming woes Co-op members g ...

Credit card firm Visa says it has reached a deal to sponsor the 2010 and 2014 World Cup football tournaments. The eight-year $170m (£85m) deal with world governing body Fifa would be useful in "driving business" Visa said. It comes after Fifa paid rival credit card firm Mastercard $90m to settle a bitter sponsorship dispute. Mastercard has sponsored each World Cup since 1990 and beleived it had first refusal to extend the deal for the 2010 and 2014 tournaments. It took legal action agai ...

Credit card companies are to be encouraged to be more transparent about interest rate charges, the Office of Fair Trading (OFT) has said. The OFT said it wanted to work with the industry to make pricing simpler. In April, consumer group Which? lodged a "super complaint" with the OFT and asked it to investigate the market. Which? says the top 20 providers charge interest in 12 different ways, meaning a "lower" headline Annual Percentage Rate can be dearer than a "higher" one.  ...

This is Money26 June 2007 Guide | Deals Finding the best credit card deals should become easier as a result of a new initiative by the Office of Fair Trading. WANT TO KNOW MORE? GUIDE: Choosing a credit card OTHER STORIES Crackdown on travel agent cover US launches BAE bribes probe Market report: Tuesday latest Families' £100bn bill to pay interest Homeowners count flood ...

Telecoms firm BT has launched a credit card with an automatic reward scheme which promises to reduce home telephone and broadband bills. Each time account holders use the BT card, money will be taken off their phone bill, up to a maximum £75 a year. For example, if customers spend £250 each month they will receive £1.25 off their phone or broadband bill. However, customers looking to transfer debt from other credit cards onto the BT card will have to pay a 3% fee. This is the  ...