Credit card companies withdraw £3.1 billion in credit limit cuts

Posted in: Credit Cards
Credit card companies have clawed back some £3.1 billion worth of credit by cutting the spending limits of their customers, according to MoneyExpert.com

Will you be hopping mad over fees for using your card abroad this Easter?

Posted in: Credit Cards, Featured Article
Many people will be getting ready to wave the bad weather goodbye by jetting off over the Easter break.  While browsing the brochures can save a few pounds on the cost of the holiday, so can choosing the right credit or debit card.  Nationwide Building Society urges customers to research more than just their destination, as UK holidaymakers wasted over £650 million1 on foreign currency loading fees last year when using a card abroad.

5.9m Rate Tarts Switched Credit Card In Last Six Months

Posted in: Credit Cards, Featured Article
More than 5.9 customers switched credit cards in the past six months as consumers battled to get debts under control, according to MoneyExpert.com*

£2.11 Billion To Be Spent On Credit Cards This Week

Posted in: Credit Cards, Featured Article
This Christmas, people are planning to spend more on their festive shopping than they did last year.  With only a week to go until Christmas, new research(1) from Sainsbury’s Credit Cards indicates that the nation intends to spend some £11.85 billion during the last week before Christmas - £2.7 billion more than the bank’s research identified this time last year(2).

Store Card Shopping This Christmas To Cost Consumers £2.8 Billion In Interest

Posted in: Credit Cards
New research conducted by uSwitch.com, the independent price comparison and switching service, reveals that using store cards for Christmas shopping will cost consumers £2.8 billion[1] in interest in the next year alone.