Credit Card And Finance News

Students who have credit cards have been encouraged to shop around for better deals and make good use of them by Sainsbury's Bank.

The bank has told consumers that reviewing their finances in the New Year will be a "key thing" and will help them with any debt they have built up over Christmas.

Donald Macleod, head of cards at Sainsbury's bank, said: "The other thing is to look around and see whether there are better deals than what you're currently getting from your provider and that may well offer you an opportunity to reassess your costs."

Mr Macleod also said that people should look to pay off more than the minimum required on their credit cards in order to get themselves in better financial shape in the New Year.

Research by Abbey credit cards showed that over three million British credit card holders are planning to switch at least £8.99 billion to new credit cards in the New Year.

The average credit card owner will switch £2,666 onto a new card in the first three months of this year, according to the report.

Roger Lovering, managing director of Abbey Credit Cards, said: "It's great to see that many people are already turning their attention to getting their finances in order."

Find the best student credit card deals - including comparison tables and independent reviews. Updated with the latest credit card offers.

Are credit card providers rejecting more applications
On 01-Dec-2008 under Credit Cards
With the credit crunch taking hold - there has inevitably been talk of credit card providers tightening their lending criteria. Credit card companies seem to be more reluctant to loan people money, an read more...

Do students use credit cards wisely
On 04-Nov-2008 under Credit Cards
Students have always been perceived as a group that struggles to make ends meet, paying fees, rent and food without having regular incomes. It’s no surprise therefore that some students look far read more...

Financial advice for cash strapped graduates
On 09-Oct-2008 under Credit Cards
Graduates entering the full-time job market during the economic downturn need to learn to budget, according the Times Money.The publication has warned that graduates will be "carrying a huge amou read more...