Credit Cards News

Jo Thornhill, Mail on Sunday14 January 2008 Chat | Vote | Guide | Calculate EasyJet will this week launch a credit card with loyalty perks just in time for the post-Christmas rush to book holidays. WANT TO KNOW MORE? Ten steps to reclaim credit card charges Best credit card rates, deals and offers Choosing the best credit card POLL: Have you paid extra credit card charges in the past ...

BRUSSELS (Thomson Financial) - EU competition commissioner Neelie Kroes has reminded US credit card group MasterCard Inc that it faces a fine from the EU executive if its fails to comply with a ruling that its multilateral interchange fees (MIFs) are unlawful. Speaking from Brussels, Kroes said that the ruling only involved the MasterCard fees but called on other peer groups to remain vigilant.  ...

The UK payments association, APACS, is advising people to be aware of the postal strikes over the next few days as important post may be delayed and could affect finances. For example, be aware of when your credit card bill is due, if it is late, you shouldn’t assume that payment isn’t due within the normal timescale. Speaking with your credit card company will put your mind at rest and they can advise you of suitable payment options, such as phone or online payments which aren’t affected by th ...

A new comparison tool from independent online finance portal, Fair Investment Company, has launched a service that allows consumers to compare over 220 credit cards from around 60 providers using more than 15 different search categories. The search categories include 0% balance transfer deals and interest free purchase cards, cash back and prepay cards and deals for people with a poor credit rating. People can find a credit card that suits their own personal financial requirements and status.  ...

With just over 9 weeks to go until Christmas, you will see that many shops are already preparing for the festive season so this is a good time to look at personal finances and find the best credit card deals so you can profit from Christmas spending. According to Moneyfacts.co.uk, last Christmas the average Briton spent over £500 on presents. However, smart shoppers don’t get into debt make money out of their purchases. You can make your money work for you and earn cashback on spending. With ...

Barclays has been slammed for encouraging irresponsible spending by proposing to issue a trial version of a credit card with a limit of £25,000. The card has been named the ‘Freedom’ credit card and is being advertised with the heading ‘If I see something I want, I need to be able to act quickly and not have to wait to arrange finance, or be stuck with a high rate of interest.’ Furthermore, the card charges a rate of 14.9% on any balance that is not paid by the end of ...

Research from the data analyst, Moneyfacts, has discovered that credit card companies have introduced a massive 31 different fee hikes over the last few weeks meaning consumers will be paying millions in charges. Moneyfacts said a huge increase for withdrawing cash and rises in cash interest rates have been noted. Furthermore, banks and building societies have also increased commission on foreign use and increased balance transfer fees. Alliance & Leicester is the main offender by incre ...

According to Apacs, the bank payments association, fraudsters are using overhead cameras in garage and shop ceilings to steal bank and credit card Pins. The cameras are usually installed into the shop ceiling using corrupt employees or persuading individuals to help them. This method is becoming so widespread that Apacs is linking up with the Petroleum Industry Association to launch a National Card Fraud Prevention Campaign. From today for 7 days, those paying by card at petrol stations through ...

According to MoneyExpert.com, the financial comparison website, credit card rejections are up 17% compared to the 6 months to March 2007. MoneyExpert.com said credit card companies are clamping down on applications and approximately 3.25 million have been rejected. After the recent turbulence in the credit markets, banks have had to tighten their lending criteria and new rules have come into force on credit card applications. At least 10% of Britons have been denied a credit card in the last  ...

The European Commission has criticised MasterCard for charging cross-border fees on credit and debit card transactions. It warned that if MasterCard did not remove the fees within 6 months, it will charge fines on a daily basis of up to 3.5% of worldwide turnover. The fees, known as multilateral interchange fees, apply to both MasterCard credit cards and Maestro debit cards and range from 0.4% to 1.2% of a transaction. The company has said that the fees play a major role in assisting with tran ...