Credit Cards News

Thu 14th Jan 2010 The director of a money education charity has said he would not be surprised to see credit card balances increase in the coming months. Chris Tapp of Credit Action said the UK continues to enjoy "something of a love affair with the credit card" and his organisation definitely does not anticipate that there will be a significant reduction in their use in the ne ...

Despite the fact that interest rates have been on hold at the historically low rate of 0.5% since March 2009, the average credit card interest rate rose from 15.89% to 16.28% in December, according to figures from the Bank of England. The bank also revealed that the average credit card interest rate is now at its highest since September 2006. The figures may come as a shock to the 9 million Britons who used plastic to pay for the expensive festive season. Furthermore, it will come a severe b ...

Becky Barrow, Money Mail13 January 2010, 10:06am Reader comments (5) More than one million people have been forced to use their credit card to pay their mortgage or rent over the past year, research reveals. Plastic lifeline: Many have been relying on plastic to keep up with house payments OTHER STORIES How to save safely with banks and building societies How we're still paying for banks' collapse How are your savings protected? Billions taken out of building societ ...

Sean Poulter, Daily Mail13 January 2010 Deals | Calculate If you used your credit card to pay for Christmas, this next bit is going to hurt. Red card: Shoppers pay more to borrow on cards. WANT TO KNOW MORE? How to deal with your New Year debt OTHER STORIES How to save safely with banks and building societies How we're still paying for banks' collapse How are your savings protected? Billions taken out of building societies Brief overview of bank and building so ...

Alan O'Sullivan, This is Money9 January 2010 Chat | Deals Borrower beware. You can only apply for loans and credit cards without potentially marring your credit history through Nationwide, Barclaycard and Zopa Elbow grease: Barclaycard allows you to check your eligibility for a loan or card before applying. OTHER STORIES How to save safely with banks and building societies How we're still paying for banks' collapse How are your savings protected? Billions taken out  ...

Simon Lambert, This is Money4 January 2010 Reader comments (37) Ryanair charges a £5 booking fee per flight unless you have a Mastercard pre-paid card. Here is how to get one and beat the charges. Beat the charges: How to avoid paying Ryanair fees OTHER STORIES How to save safely with banks and building societies How we're still paying for banks' collapse How are your savings protected? Billions taken out of building societies Brief overview of bank and building ...

Sir Richard Branson’s Virgin Money has announced it is to buy regional bank Church House Trust for £12.3 million and will invest £37.3 million into the business. Virgin Money, which was unsuccessful in acquiring crisis-torn Northern Rock two years ago, already offers savings, credit card and investment products to around 2.5 million customers. The purchase comes at a time when consumers have lost confidence in existing High Street banks following the financial crisis and Sir Richard wants to ...