Credit Cards News

Wed 4th Feb 2009 Barclaycard has announced that it will freeze interest rates for all its existing credit card customers for the next four months, regardless of whether or not their risk profile changes. The credit card provider also said that it will reduce the rates of interest paid by many of its UK customers by between 2.5 and five per cent before the end of the year. Barclaycard sa ...

NEW YORK, Feb 4 (Reuters) - Delinquencies on U.S. credit cards rose to record highs in January as the economic recession weakened consumers' finances, Fitch Ratings said on Wednesday. Payments at least 60 days late measured by a Fitch index rose 0.47 percentage point to 3.75 percent last month, after accelerating in the fourth quarter, Fitch said in a statement. The previous record was 3.7 ...

Alan O'Sullivan, This is Money4 February 2009 Chat | Vote | Guide | Calculate Barclaycard is to cut its credit card rates for up to three million of its customers over the next year to help them to cope with the ongoing credit crunch. Fair deal: Barclaycard's falling borrowing costs have been passed on to customrs WANT TO KNOW MORE? Beware Barclaycard card debt freeze Barclaycard fined for 'nuisance' silent calls Goldfish cards get Barclaycard revamp POLL: Over the past ...

LONDON, Feb 4 (Reuters) - British credit card firm Barclaycard on Wednesday froze or cut rates for its UK customers, and one of its executives said arrears were within forecasts, even in the key post-Christmas period. "As a result of the tough economic environment we are seeing some slight increase in delinquencies, but they've been well within what we expected," Amer Sajed, Barc ...

This is Money4 February 2009 I want to buy a new kitchen. I have the money in an account and want to pay via my RBS Mastercard to have purchase protection. The credit limit cannot be raised, but I would like to load the card with enough cash to cover the £8,000 I need to spend Buying power: Should I load up my credit card with cash so I have costumer protection? WANT TO KNOW MORE? Top credit card mistakes Best life of balance credit card rates Best balance transfer ...

Liz Phillips, Money Mail4 February 2009 Chat | Vote | Guide | Calculate Borrowers are being offered the chance of a two-and-a-half-year break from their credit card debts if they opt to pay an extra charge on their spending. Double-edged sword: your payments are frozen, but a fee must be paid for this interest holiday WANT TO KNOW MORE? Credit card customers thrown a lifeline Credit card firms push up interest rates 18,000 credit card requests rejected a day POLL: Over ...

Feb 3 (Reuters) - MasterCard Inc: ANNOUNCES REGULAR QUARTERLY DIVIDEND SETS QUARTERLY CASH DIVIDEND OF $0.15 PER SHARE SAYS OK'D CONVERSIONS DURING 2009 OF UP TO 11 MILLION SHARES OF CLASS B COMMON STOCK ON ONE-FOR-ONE BASIS INTO SHARES OF CLASS A COMMON STOCK ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyr ...

Financial Mail3 February 2009 My credit card company has offered me identity theft insurance. Is this worth having? ID theft: Should I take out protection? WANT TO KNOW MORE? Protect your identity online How to identify a bank ID fraud Paul Dickson of Dickson Insurance Brokers replies: The main risk from ID theft is credit fraud, where criminals take out credit cards, loans or apply for State benefits in your name. ID theft insurance covers expenses incurred to ...

Stocks on the move Real-time Equity news U.S. stock market report 1023 ET 30Jan2009-MasterCard gains on analyst move, lifting Visa ------------------------------------------------------------------------------ Shares of MasterCard rose on Friday, lifting peer company Visa Inc after Goldman Sachs added the credit card company to its conviction buy list. The firm wrote that MasterCard has suffi ...