Credit Cards News

Wed 22nd Jul 2009 Financial advice website uSwitch.com has outlined some points on how consumers can get the most from their credit cards. First of all, when applying for a credit card, the organisation recommends that consumers should check their credit record, something that can be done through its site. If any aspect of it looks wrong, you can apply to have it altered. If rejected  ...

WELLINGTON, July 21 (Reuters) - Credit card billings in New Zealand inched up in June, central bank data showed on Tuesday pointing to consumers remaining cautious in the face of a long and deep recession. The Reserve Bank of New Zealand said total billings increased a seasonally adjusted 0.2 percent last month, compared with a 0.4 percent fall in May. Billings were 2.1 percent low ...

Alan O'Sullivan, This is Money20 July 2009, 3:13pm Chat The Tories 'white paper' on banking reform, released today, is the first major political document to brand bank charges 'unfair' and would force overdraft, credit card and mortgage charges to be clearly shown. WANT TO KNOW MORE? Tories to give Bank supreme power Tories promise overhaul of economy Treasury keeping control of regulation OTHER STORIES A brief overview of the strength of your bank or building soci ...

O2 is to enter the UK’s personal finance market, by forming an alliance with NatWest, by launching a Visa pre-paid cash-card service. The first products from O2 Money, with the backing of NatWest, are two cash cards, designed to give people more control of their money. The cards will be in circulation from next month at no charge to O2 customers, including the pay-as-you-go variety, as long as they top up regularly. According to NatWest, people are now more than ever using their mobile phon ...

Fri 17th Jul 2009 The fees for booking a flight by debit or credit card have increased by 600 per cent over the last 18 months, it has been discovered. Conducted by Which? Holiday, a new report shows that low-cost airlines and some travel agents have bumped up their transaction fees significantly for debit or credit card payments. It discovered that Ryanair has increased the sum for de ...

July 17 (Reuters) - Citigroup Inc: CEO PANDIT SAYS "ALL IN ALL, OUR QUARTER COMES DOWN TO MORTGAGE AND CREDIT card losses" CEO SAYS APPEARS RATE OF INCREASE IN CONSUMER LOSSES "MODERATING" CEO PANDIT: "WHILE THERE ARE ALWAYS RISKS IN A CHALLENGING ENVIRONMENT, CARDS and mortgages are what we need to work through" CEO SAYS OUTPERFORMING FED STRESS ...

A new EU-wide payments card is set to take on the duopoly of MasterCard and Visa. Currently at concept stage, and expected to launch in October, the card will simplify credit and debit payments within the Single Euro Payments Area (SEPA). Payments on the card will not be charged cross-border fees. French and German banks, including Deutsche Bank, Société Générale and BNP Paribas are working on plans for the card, which will be called Monnet after French economist Jean Monnet who strove for a  ...

NEW YORK (Reuters) - Bank of America Corp posted a quarterly profit that topped Wall Street forecasts, but the largest U.S. bank warned of a fresh surge in troubled loans from credit card, mortgage and business customers due to the weak economy. Chief Executive Kenneth Lewis said tough economic conditions will hurt results into 2010. The bank set aside $13.38 billion for bad loans for a sec ...

Matthew Hickley, Daily Mail17 July 2009, 8:46am Reader comments (1) The cost of card fraud in Britain is spiralling out of control, forcing banks and credit card companies to develop a new generation of high-tech cards with constantly changing passwords. Costly: Card crime affects millions WANT TO KNOW MORE? Ten steps to beating ID fraud Get back on track after ID fraud Can I get credit card fraud money back? Why won't Abbey refund card fraud? OTHER STORIES A brief ...

American Express, the credit card giant, has announced that with effect from 1 July, it has suspended pension contributions for its UK employees. The move, which affects 6,000 members, will see payments stopped for a maximum of 18 months. Many firms have adopted similar measures as the global recession has forced companies to slash costs. However, American Express is the largest company to take such action. Last week, IBM, the computer giant, said it was considering closing its final-salary  ...