Card Guide
Credit card and personal finance news updated daily.

• What’s going on with the Egg card?
  Banking giant Egg recently shocked tens of thousands of its own customers by announcing out of the blue that it would be cancelling their credit cards in just over one month’s time. With many consumers reliant on their credit cards, and with the credit crunch making it increasingly difficult for consumers to get credit with other lenders, this has left many of those on Egg’s ‘hit list’ in the lurch, and many have expressed their outrage at Egg’s decision to cancel these credit cards for no good reason.
• Egg credit card cancellation chaos
  Banking giant Egg has found itself at the centre of consumer outrage after it announced a decision to cancel the credit cards of over 160,000 customers. Egg has decided that it is going to cancel the cards of customers whose credit rating has deteriorated since they signed up for their cards.
• Job losses to occur at Barclays credit card division
  In a recent report officials from Barclays Bank have announced that there are to be job cuts at the bank's credit card division
• Tap and go cards proving popular in London
  Tap and go cards were introduced in London in the autumn of last year, and the aim of these cards is to enable consumers to make cashless payments, which are instantly debited from their accounts, without having to enter a PIN number or sign anything.
• Rising levels of dependence on credit cards in the UK
  As a nation of credit lovers, many of us in the UK have become increasingly dependent on credit cards, and a recent report has highlighted this by showing just how an increasing number of people have become more and more dependent on their credit card.
• Consumers warned over 0% balance transfer cards
  Consumers that are trying to get their finances in order by transferring their high interest credit card debts onto a 0% balance transfer card are being warned by experts to look out for the pitfalls associated with this type of transfer.
• New fraud prevention scheme launched to protect assets of deceased
  According to a recent report a new ID fraud protection scheme has been launched to reduce the chances of fraudsters posing as people that have passed away and then trying to take money from their banks or credit cards.
• Division of HSBC received hefty fine over PPI
  Controversy over PPI, which stands for Payment Protection Insurance, has been raging for some time, after a review of PPI sales by regulatory bodies found that many policies were being mis-sold to consumers by various financial institutions.
• Who can benefit from rewards based credit cards?
  There are many different types of credit card available on the market today, and this includes 0% credit cards, interest free credit cards, credit cards for balance transfers, and rewards based credit cards.