Credit Card Blog

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 [...]

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There’s so much talk of the credit crisis and deals being withdrawn, credit cards becoming harder to get, interest rates rising and generally some serious doom and gloom, that I thought I’d put a little perspective on it.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 [...]

This is something I’ve asked myself a few times… who actually owns all the credit cards that there are out there on the market? Are the cards all competing with each other? This would suggest that there is some fierce competition out there, and each card is trying to outdo each other. My economics brain [...]

Should all credit card companies know all about you? If you haven’t got a credit card with for example, Barclays, is it right that they (Barclays) can access all the information there is out there on you? I think this is a potential violation of privacy – but this is actually about to happen. Starting [...]

Now, more than ever, it’s hugely important to manage your finances wisely. Credit card deals and offers are getting harder to get – with banks tightening their lending criteria, and having a decent credit rating is fast becoming one of the most talked about aspects of credit card lending. But how lenders are determining, and [...]

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 [...]

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 [...]