Credit Card Blog

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 [...]

According to money expert, the number of applications for credit cards which have 0% interest deals, especially on purchases, were up by 22% in November, on the previous month.
According to the same sources, the number of people just applying for credit cards in general, was also up, by a staggering 15.6%. An increase in credit [...]

I’ve mentioned before about Virgin’s credit card offer - with 16 months interest free on balance transfers and 6 months interest free on purchases. There has also been lots of talk about their average interest rate, of 16.9%. Although it’s not the best on the market, according to the independent organisation, APACS, it’s still 0.7% [...]

I mentioned in one of my previous blogs that APACS had reported that 5 of the main credit card providers were going to voluntarily share more data about their customers. Whereas previously the only information shared was about late payments, credit limits and also current balances, the new agreement will let credit card companies see [...]

There’s so much talk of the credit crisis and deals being withdrawn, credit cards becoming harder to get, interest rates rising and generally some serious doom and gloom, that I thought I’d put a little perspective on it.
Yes, all of the above may be correct, but take a look at the Virgin credit card - [...]

Barclaycard has announced that it has reached its target of getting a million contactless credit cards out before the end of 2008. This innovative technology means that you can make small purchases (the typical things such as coffee, newspapers, snacks, potential tickets etc) without the hassle of putting your card into a card reader and [...]