Credit Card Charges To Be Investigated

The cost of using your credit card for payments might become cheaper after a complaint by Which? due in March, which will force the OFT to investigate. The complaint centres around the cost to the consumer of using credit cards for budget airline bookings against the actual cost of accepting these payment methods to the [...]

Credit Card Fraud On The Rise, But We Are Happy With The Results

A poll by ACI Worldwide has found that 1 in 3 UK credit card holders has been the victim of credit card fraud in the past 5 years. This represents a dramatic rise in the problem, up from 1 in 4 just 18 months ago, and it puts the UK just second in the table [...]

13-Year High Credit Card Rates Despite Record Low Lending Cost

Even with the Bank of England leaving the base rate at a record low of 0.5% for almost two years, greedy credit card companies have pushed up interest rates to levels not seen since February 1998. The average credit card rate is now 18.9%. This represents an 18.4% mark up on the base rate, whereas [...]

Why Should I Get a Credit Card Over a Debit Card?

For many people buying items on plastic is an every day occurrence. But, should that be a credit or a debit card? What advantages does a credit card hold over a debit card? Debit and credit cards may seem alike on the face of things, but work in totally different ways. For a credit card, [...]

Credit Card Charges Rising

A report today looks at the rise of the credit card charge as a way of increasing profit by certain merchants. According to Which?Money, Visa told them it is unlikely the ‘merchant service fee’ that retailers are charged by their banks charge would be more than double its interchange fee. Typically this is 0.1p for [...]



Other useful finance sites