Credit Card News

Commenting on Barclays issuing contactless debit cards, Peter Harrison, cards expert at price comparison site moneysupermarket.com, said: "The main thing holding back contactless payments at the moment is the lack of retailers that have the necessary card readers.

Barclays customers will soon be able to pay their way with the wave of a card as the bank is set to be the first in the UK to roll-out contactless VISA debit cards to its customers.

Independent research from customer experience benchmarking company, Global Reviews, has found that in the run up to Christmas, the Lloyds TSB Credit Card website continues to be top of the 'Credit Card Website' league table.

More than 4.5 million credit card customers still haven't cleared debts they ran up last Christmas as a new wave of festive expenditure approaches it's climax, new research from MoneyExpert.com shows.

People heading overseas are organised enough to ensure they have a passport but many of them are running the risk of not being able to pay for anything while they are there.

New research from Sainsbury's Credit Cards has identified a breed of "everyday credit card users" who use their credit cards, as they would a debit card or cash, for everyday inexpensive purchases of £20 or less, and who clear their balances every month.

Credit card companies have agreed with Government a new set of 'fair principles' that will put an end to overnight hikes in credit card charges and give much needed breathing space to borrowers struggling to repay their debts.

Money website Fool.co.uk acknowledges the move by credit-card companies to "play fair" with customers. But many customers are still missing out on lower interest rates on their credit because they think Annual Percentage Rates (APRs) are set in stone.

Seventeen million of us Brits will be at the mercy of festive fraudsters this year, as bars and restaurants throughout the country fail to put in place proper security measures to protect their customers.

As the FSA announces that Egg has been fined £720,000 for serious failings in its sales of credit card payment protection insurance (PPI), Doug Taylor, head of personal finance campaigns at Which?, says:

The Financial Services Authority (FSA) has fined Egg Banking plc £721,000 for serious failings in its sales of credit card payment protection insurance (PPI).

Shoppers could save significant sums with a Saga Platinum credit card this Christmas. The card offers a good deal to customers whether they borrow on the card or pay their bill in full each month. Repayments are ordered fairly, so after interest and fees, the most expensive debt is cleared first, unlike most credit cards available in the UK.

The number of people applying for interest-free credit cards surged by more than 15.6 per cent in November as cash-strapped shoppers rushed to put Christmas on plastic, new figures from MoneyExpert.com show.

Commenting on the Government's agreement with credit card companies to give more help to customers, Kevin Mountford, head of banking at moneysupermarket.com said: "The agreement between the Treasury and credit card companies looks like a classic summit communiqué - which says a lot and means nothing.

Barclaycard has announced that it has reached its target of issuing one million contactless cards in the UK. As well as this, all newly issued Barclaycard Platinum cards will now include contactless technology.