Credit Cards News

26 September 2008 Chat | Vote | Guide | Calculate Barclaycard has been handed down a maximum fine of £50,000 today by the telecoms watchdog for making 'nuisance' silent calls to its customers. Bad boy: Barclaycard's actions were criticised as the worse case in the industry of communications misuse WANT TO KNOW MORE? Goldfish cards get Barclaycard revamp Barclaycard gaffe sent to thousands Listen in on our call centre ring around POLL: Do you feel like you're being ...

LONDON, Sept 26 (Reuters) - Regulators have slapped the maximum possible fine on British credit card operator Barclaycard for bothering customers with telephone calls even when it does not have enough staff to deal with them. Communications Regulator Ofcom said it had fined the unit of British bank Barclays 50,000 pounds ($91,910) and would have liked to impose a bigger penalty. "Taken as a ...

LONDON, Sept 26 (Reuters) - BARCLAYCARD: OFCOM FINES BARCLAYCARD THE MAXIMUM AMOUNT POSSIBLE (50,000 POUNDS) FOR BREACHING ITS RULES ON SILENT AND ABANDONED CALLS MOST SILENT CALLS ARE NOT GENERATED WITH MALICIOUS INTENT BUT OCCUR WHEN CALL CENTRES USING AUTOMATED CALLING SYSTEMS GENERATE MORE CALLS THAN THEIR AVAILABLE AGENTS CAN DEAL WITH. WHEN THE PERSON CALLED ANSWERS THE TELEPHONE, THERE  ...

Justin Harper, Daily Mail25 September 2008 Intelligent Finance (IF) has pulled its personal loans and credit cards to concentrate on its offset mortgage range. Withdrawn: HBOS subsidiary IF decided to withdraw cards before Lloyds merger announced WANT TO KNOW MORE? Credit cards 'will be extinct in five years' Deals: Get a better credit card OTHER STORIES Fees are new credit card battleground Credit cards 'will be extinct in five years' Goldfish cards get Barclaycar ...

BOSTON, Sept 25 (Reuters) - General Electric Co does not expect to be able to sell its $30 billion U.S. private-label credit card business in the near future, the company's chief financial officer said on Thursday. "Clearly, we said in the second-quarter call that it was a challenging environment to find someone who wanted to take responsibility for over $30 billion of assets ... That ...

Wed 24th Sep 2008 Interest rates on store cards are being upped in time for the festive season, finance information site Moneyfacts has found. Women's clothing stores Karen Millen, Oasis and Principles have upped their rates by up to 4.3 per cent, charging 28.9 per cent APR. A spokesperson noted that while last year store card providers who charged more than 25 per cent APR were told to ...