Credit Card Blog

Students are apparently more likely to pay off the balance of their credit cards than the general population, research has found.
According to UK payments association Apacs, 59 per cent of students between the ages of 16 and 24 always repay the full amount, compared to the 55 per cent national average.
http://www.apacs.org.uk/08_10_15.htm
Interesting!

Something we don’t often talk about is the ability to transfer money from a credit card to a debit account. You may think this is quite a bizarre thing to do, but even from personal experience, I’ve had to do this. Imagine you’re near your overdraft limit and you’ve got a few direct debits coming [...]

When it comes to applying for credit cards, your credit score is something that everyone talks about. Get a good credit score and then you should be able to get most cards.. Well, that’s not entirely true, but your credit score does obviously play a part. 
But how big a part does your wage play, if [...]

Apparently card fraud is on the up. With the worsening economic climate, criminals are subjecting more and more people to credit card and debit card fraud. Whereas in the past, online fraud, and usage of someone else’s account only made up part of the problem, now it has escalated. Bands and credit card companies are [...]

If you have a debt with a credit card, I urge you to keep an eye on the interest rate. This isn’t a scare tactic, and people shouldn’t go running to see their credit card statement, but there has been a bit of talk recently and some bad reviews online of people who have suddenly [...]

I’ve talked a bit before about the new deal that has been struck by a number of banks which will mean that they are going to share more information about customers and applicants. Well, I’ve been asked about the pros and cons of applying for lots of cards at the same time, to maximise the [...]

Consumers are taking advantage of the best deals, and according to research by Abbey, credit card holders, be they student credit cards or any other for that matter, are finding that come the New Year, finances are more strapped, and the lure of moving balances to an interest free balance transfer credit card is too [...]

The British Banking Association (BBA) has released some figures about October and November spending on credit cards – and has shown that people actually spent less on their credit cards in November, with only £6.9 billion, compared to the £7.1 billion that was spent in October. If you’re looking to get a credit card check [...]

Sainsburys Bank has recently released some stats about credit card usage – and has found that there are around 7.55 million credit card users who are using their cards every day, and using them for everyday purchases, both small and large. These 7.55 million are putting around £3.65 billion on credit cards every month. This [...]

The government has been putting pressure on credit card companies to come up with a set of rules to ensure that consumers get fair deals from credit cards, and the providers have announced a set a rules which will make it harder for them to raise interest rates, and only two interest rate increases will [...]