Credit Card Blog

I’m not entirely sure what to make of this, but a life assistance company (CPP) has carried out some research which suggests that up to as many as 20% of 8 to 16 year olds are using their parents credit cards to make purchases online without their parents (the cardholders!), knowing about it.
Apparently £191 million [...]

I like the rhymne of the title.. Bloomberg has reported that Gordon Brown has been trying to persuade banks and credit card lenders to cut their interest rates and cut the cost of borrowing. This seems to be in direct response to the Defaqto Media report that shows that of 240 credit cards studied, the [...]

Although the Bank of England base rate has been reduced by nearly half - from 5% to 3% over the last few months, to try and combat the worsening economic situation, credit card interest rates have actually gone up. It’s been reported that the average credit card interest rate has risen from 17.2% to 17.6% [...]

There’s some research just out (from Savebuckets website), that suggests that the average Christmas budget has gone down by £102 this year, with people here in the UK expected to spend around £604 each on Christmas related items.
To some this might seem an incredible amount of money, to others this may not seem like [...]

I’m going to get a bit technical here - and talk a bit about a show that was held this week.. at the Cartes & IDentification show in fact, near Paris. 
Visa have been working on the security of credit cards and potentially debit cards, and they have come up with a card, which although not [...]

It’s official - a study by Abbey has showed that the amount of disposable income people have, has fallen. This has repercussions for how people live, but also how many people take on credit cards. The danger is of course that with less income, instead of limiting their spending, people end up being driven to [...]

The Bank of England has cut interest rates to 3% - but credit card companies are unlikely to follow the lead and cut their interest rates. There has always been a massive discrepancy between the Bank of England base rate and the rate credit card providers charge, but now, accoring to Moneyfacts, consumers are paying [...]

An american based company, the CFI group, have come up with a National Customer Satisfaction Index for credit card providers. They’ve come up with some interesting results, which anyone who is looking for a credit card, should heed.
Customer satisfaction was rated on a 0-100 point scale - with the main 5 high street credit card [...]

When you’re a student, life is for living, money is for spending and worrying about your potential career is for the birds, right? Wrong. The choices you make now will shape your working life for years to come – and that includes your financial decisions as well as your educational ones.
Even if you haven’t got [...]

We carried out a survey about credit card usage amongst students a few weeks ago - and we’ll be analysing and announcing the results officially, but there were a couple of things which really stood out.
Firstly - only half of those who said they had a credit card, said that they had any kind of [...]