
Balance transfer market heats up
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Your Money - Mon 16 Jun, 02:05 PM
The 0% balance transfer credit card market is surging ahead, in spite of the credit crunch, with 40 cards now offering such deals.
Data from price comparison site Moneysupermarket has revealed there are now 40 credit cards offering 0% balance transfers of 12 months or longer.
Virgin, Capital One and Barclaycard have long been regarded as the [...]
Demand for borrowing constrained
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Your Money - Wed 23 Apr, 10:21 AM
Annual growth in credit card borrowing increased in March, while growth in loans and overdrafts fell slightly, according to figures from the British Bankers Association (BBA).
The figures revealed growth in borrowing on credit cards by UK consumers increased to 6.5% during the month of March, while repayments outstripped new spending showing the growth largely reflects [...]
Brits advised to be card savvy abroad
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Your Money - Fri 11 Apr, 09:23 AM
Over four million Brits holidaying in Europe this month will be hit by hefty foreign exchange fees and transaction charges if they dont use the best credit or debit card.
Steve Willey, head of credit cards at moneysupermarket.com, said: While the strength of the Euro is of concern to holidaymakers, using the wrong foreign exchange product [...]
Conservative credit card attack missed the point
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Your Money - Tue 11 Mar, 11:53 AM
Shadow business secretary Alan Duncan has missed the point in criticising credit card providers over 0% deals, according to Moneysupermarket.
The financial comparison site released a statement today criticising a recent attack of 0% credit card deals by Duncan in an interview with the Financial Times. Steve Willey, head of credit cards at Moneysupermarket, said: Shadow [...]
Consumers continue to apply for cards
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Your Money - Tue 04 Mar, 11:16 AM
More than 3.2 million UK adults own five or more credit cards, according to the latest research from financial comparison site Money Expert.
Credit card borrowing continued to grow last year, with 28% of UK consumers applying for more plastic, MoneyExpert has revealed. Around 21% of people applied for one more card in 2007, while another [...]
Billions to be transferred between cards by summer
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Your Money - Tue 26 Feb, 12:21 PM
Sainsburys Finance has revealed that 4.3 million people intend to transfer a total of £6.7bn between credit cards before July, which equates to £257.2m per week.
The findings also highlight that there are more than one in three credit card holders who are currently paying interest on their credit card balances.
Donald MacLeod, head of cards at [...]
Capped credit cards on the wane
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Your Money - Mon 25 Feb, 10:53 AM
The number of credit cards with capped balance transfer fees is dwindling dramatically, according to MoneyExpert.com.
The independent financial comparison website says that a year ago consumers could choose from 18 different credit cards with capped balance transfer fees, whereas now that number has dropped to just seven offered by only five different providers.
And with the [...]
FEATURE: Plastic power
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Your Money - Fri 15 Feb, 05:26 PM
How do credit cards work, and how can you get the most out of yours? Kate ORaghallaigh takes a look.
UK consumers spent a total of £13.3bn on credit cards in December 2007, according to the British Bankers Association (BBA). So why is plastic so powerful? For some people, credit cards are the first port [...]
OFT publishes credit card report
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Your Money - Mon 11 Feb, 02:37 PM
By Adam Saville
The Office of Fair Trading has published a report which makes a series of comparisons to help consumers see through the smoke and mirror tactics used by credit card providers.
The report follows a super-complaint from Which? that highlighted that consumers choose credit cards without understanding all the issues that affect the cost of [...]
Households could save hundreds by using comparison sites
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Your Money - Mon 04 Feb, 11:00 AM
The average household could save up to £547 every year by switching the five financial basics to the best deals on the market, research from MoneyExpert.com shows.
Financial comparison websites are a practical way to shop around for the best deals on car insurance, home insurance, personal loans, credit cards and mortgages.
MoneyExpert.com commissioned researchers to audit [...]
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