Credit Card News

• Consumers need examples of what they will have to pay back
  Banks and credit card companies should provide a "practical example" of what a consumer needs to pay back, claims a debt counselling service. Thomas Charles & Co has said companies should follow the examples set by mortgage lenders and unsecured loan lenders and show consumers what they will be paying......
• Credit cards can provide 'additional protection' against online fraud
  Paying for goods worth over £100 with a credit card can provide consumers with additional protection against potential ID fraud say industry experts.A spokesperson for Consumer Direct said: "They [consumers] can get additional protection under section 75 of the Consumer Credit Act, which makes credit card companies jointly and equally......
• Investigation launched into online sale of bank account details
  An investigation has been launched by the Information Commissioner after it was revealed bank account details could be purchased online. The Times discovered more than 100 websites were selling the details of British bankers while an e-passport was also found to be on sale online. A trafficker was also reportedly......
• Christmas credit card shoppers urged 'spend sensibly'
  Shoppers using their credit cards to fund purchases over the festive season are advised to be cautious.Samantha Owens, head of personal finance at Moneyfacts said that consumers should consider taking out a nought per cent purchase card if they do not have the means to pay of their balance straight......
• Shopping around for credit card deals 'vital'
  Consumers are advised that carefully considering their options is extremely important when it comes to credit card deals.With pressure being felt on the UK economy after the credit crisis, it is "more important than ever that people should shop around", according to Cathy Neal, senior researcher for Which?"Even if you've......
• 'Tis the season to avoid store cards
  As Christmas continued to get nearer and nearer experts have been warning consumers across the UK to avoid the temptation as taking out a store card, as this could lead to high levels of debt and real financial difficulties once the festive season is over. With December upon us millions......