Browsing "Credit Cards"

Credit cards improve as competition rises

Jun 30, 2011   //   by sam   //   Credit Cards  //  Comments Off on Credit cards improve as competition rises

According to research from Moneyfacts, the number of balance transfer credit cards on the market has significantly increased over the last two years.

This seems to be the general trend across all types of credit cards, from reward cards that allow users to earn points for their spending, to bad credit cards, designed to help people to build up or repair their credit rating.

Credit card users have continued to benefit from better and better deals, until balance transfer market exploded in March after Barclaycard broke past the highest ever 0% balance transfer deal to offer an impressive 20 months interest free. Read More »

OFT Plans Changes to Debit and Credit Card Charges

Jun 29, 2011   //   by sam   //   Credit Cards  //  Comments Off on OFT Plans Changes to Debit and Credit Card Charges

Credit Card KeyboardTravel companies are to stop charging customers hidden fees for purchasing tickets using debit and credit cards as payment.

Airline, rail and ferry companies typically give no warning of these card charges on their websites until customers have reached the end of the online booking process (in some cases after navigating through 6 pages).

The Office of Fair Trading (OFT) has now stepped in and ordered travel companies to clearly show any extra charges for debit or credit card payments from the offset. Read More »

UK Holidaymakers ‘struggle with exchange rates’

Jun 21, 2011   //   by sam   //   Credit Cards  //  Comments Off on UK Holidaymakers ‘struggle with exchange rates’

As summer approaches, many people are making plans to escape the unpredictable English weather in search for a sunny stretch of coastline.

However, UK holidaymakers setting off to France may get a surprise when they order their first beer, as it could cost them over a fiver, so many will have to start raiding their savings accounts in order to splash out a bit.

According to beer price comparison website pintprice.com, France currently sits at number nine in a survey covering 208 countries for the most expensive cost of beer. Read More »

The BCA ATM Fraud: Opportunity Makes the Thief

Jun 6, 2011   //   by sam   //   Credit Cards  //  Comments Off on The BCA ATM Fraud: Opportunity Makes the Thief

Credit Card gloveOver the past few weeks, news about a group of people unlawfully withdrawing money from a number of ATMS at several locations in Indonesia has made national news.

The offenders who are former employees of one of Bank Central Asia’s (BCA) vendors specializing in, among other things, ATM maintenance, easily walked into several ATMS at different locations and withdrew over Rp. 200 millions of ‘free’ cash from the machines using bank and credit cards.

Two of the offenders were apprehended by the police at different locations. Read More »

Credit Card Market ‘heating up’

May 11, 2011   //   by sam   //   Credit Cards  //  Comments Off on Credit Card Market ‘heating up’

Credit CardsOver the last few years we have seen the number of 0% balance transfer credit cards rise, which has caused an increase in competition. However, last year the market leader of Balance Transfers – Virgin Money, reduced its interest free period from 16 months down to 14,marking the start of a BT freeze which continued through most of the year.

However, later in the year things began to improve and by the end of 2010, Barclaycard took control of the situation by stealing the spot light with an 18 month 0% deal.

It wasn’t long before some of the other big credit card providers realised that in order to stay in the game, they too would need to boost their deals.

However, the day that two of the other big credit card provides attempted to follow in the leaders footsteps by also offering 18 months 0% – Virgin Money & MBNA, Barclaycard stole the show again by announcing it had increased its 0% duration to an unheard-of 20 months!

Barclaycard later added to its Platinum range with another 18 months BT card, offering a slightly lower standard purchases rate as well as a reduced transfer fee to its sister 20 month Platinum card.

While Barclaycard continues to lead the BT market, a number of other providers have upped their deals, closely following at 18 months. These include Virgin, Bank of Scotland and MBNA.

Read More »

2012 Olympic Games fans ‘must use Visa to buy tickets’

Mar 23, 2011   //   by sam   //   Credit Cards  //  Comments Off on 2012 Olympic Games fans ‘must use Visa to buy tickets’

Olympics VisaSports fans hoping to buy tickets for the London Olympic and Paralympic Games next year will be unable to complete the purchase unless they use a Visa card.

This restriction has been enforced as a result of an exclusive deal made between Visa and the Olympic organisers, which will see the estimated 10 million ticket sales go through the credit card payment system.

The official London 2012 ticket site states: “In recognition of Visa’s support of the Olympic Games and Paralympic Games, London 2012 is proud to accept only Visa payment cards (debit, credit and prepaid), along with cash and cheques. Sponsor support is crucial to the staging of the Olympic Games and Paralympic Games and the operation of organisations throughout the Olympic Movement. Read More »