Credit Cards News

This is Money4 February 2008 Reader comments (18) | Chat | Vote | Deals | Table The internet bank accused of banishing 160,000 debt-ridden credit-card holders is discriminating against responsible customers as well, it was claimed last night. WANT TO KNOW MORE? Egg to block 160,000 credit cards Best credit card rates Co-op 'cuts credit card limits' POLL: Have you had your Egg card cancelled? If so, have you ever missed any payments? OTHER STORIES Egg withdrawa ...

Fri 1st Feb 2008 Nationwide's Gold Credit Card and FlexAccount have been awarded a five star rating by financial research company Defaqto. Defaqto's reports use a benchmarking process on features and costs to compare and rate products across financial institutions and they found Nationwide's Gold Credit Card and FlexAccount to be in the top ten per cent of products. The Gold Credit Car ...

NEW YORK (AP) - Credit card processor MasterCard Inc. said Thursday that strong spending abroad and its sale of stock in a Brazilian company boosted profit in the fourth quarter by about seven-fold. Its shares rose almost 10 percent in morning trading. The Purchase, N.Y.-based company said profit in the October to December period rose to $304 million, or $2.26 a share from $40.9 million, or 30 c ...

Wed 30th Jan 2008 Borrowers who are thinking of taking out personal loans may want to choose a zero per cent credit card balance transfer offer instead, it has been suggested. According to everyinvestor.co.uk, people who need £10,000 could end up saving more than £1,000 over the course of four years if they choose to transfer balances rather than take out a loan. Chris Gilchri ...

With credit companies charging approximately £12 each time a consumer misses a payment, it is anticipated they have made roughly £61million. Research from MoneyExpert has established that over 5 million people have missed monthly credit card payments in the last 6 months - a 2% increase on the previous 6 months. Sean Gardner of MoneyExpert said there are other aspects to think about when missing a credit card payment, not just £12. The effect of a payment can last as long as 3 years on your cr ...

American Express has posted a 10% drop in profits for the three months to December after it set aside extra capital to cover bad credit card loans. The US credit card firm said net income was $831m (£418.7m), down from $922m a year earlier. It attributed the decline to an after tax charge of $274m to boost revenue for credit card-related losses. Analysts said the report is further evidence of the financial pressures on cash-strapped consumers in the US. Earnings at the firm's credit car ...