‘Credit Cards’ News
Cash Withdrawals Rise
Posted 2007-12-13
It appears that fewer consumers are using credit cards to pay for their Christmas purchases this year, relying instead on cash. According to figures released yesterday by LINK, operator of the cash machine network in the UK, daily ATM withdrawals...
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Twenty Percent Will Pay for Christmas Next Summer
Posted 2007-12-12
A survey conducted by Your Money Matters Show reveals that twenty percent of Britons will still be paying for their Christmas purchases next June. Ten percent will continue to pay in September, and nearly four percent will be paying bill...
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Beware Hidden Card Charges Warns Post Office
Posted 2007-12-12
Travelers planning to celebrate the holidays abroad could find an unpleasant surprise awaiting them when they open next month’s bill-a hidden credit card charge. Most consumers are unaware that many credit card providers charge a 2.75 percent fee for overseas...
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Credit Providers Reduce Borrowing Limits
Posted 2007-11-20
Many consumers, even those with a good record of repayment, are seeing a reduction on their credit card spending limits as companies respond to the current global financial crunch. The “Daily Telegraph” reports that spending limits are being “slashed.” Financial...
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Buying with Credit May Slow
Posted 2007-11-8
Consumer confidence has been damaged by news of escalating problems in the financial sector, according to debt counseling service provider Thomas Charles. In response, some Britons say they plan to cut back on their credit card purchases this Christmas. This...
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Survey Indicates Slow Season for Credit Cards
Posted 2007-11-2
A report released today suggests that consumers will curtail their credit card spending this year. After polling 2,000 adults, Thomas Charles, the debt counseling service, warns of a possible slow-down during what is traditionally the busiest shopping season of the...
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Consumer Advocates Laud Credit Card Ruling
Posted 2007-11-1
Credit card firms must continue to insure purchases of goods and services made abroad, according to a ruling by the House of Lords. The online comparison and switching service uSwitch applauded the decision. Lloyds TSB and Tesco Personal Finance appealed...