Credit Card News For 2007

The credit card industry in the United Kingdom is constantly changing and here at CreditCardLatest.co.uk our team keep a daily watch on what is happening within the companies and credit cards on offer to bring you all the news and offers from the UK credit card market in 2007:-

28th December 2007 New Charity Credit Card Offer

The Breakthrough Breast Cancer credit card has changed the introductory offer available and now offers 0% on balance transfers for 12 months, with a 3% handling fee, and 0% on purchases for 3 months from the date your account is opened, typical 15.9% APR variable. The Breakthrough Breast Cancer credit card is a Visa card which is available online. Read More

28th December 2008 Egg Changes Balance Transfer Offer

Egg have changed their introductory offer on balance transfers to their new longest ever offer of 0% for up to 15 months, with a handling fee of 3%, typical 16.9% APR variable. The Egg credit card is a Visa card which is available for online applications. Read More

18th December 2007 Co-operative Bank think Credit Card

The Co-operative Bank has launched the new think credit card, a charity credit card supporting the Cool Earth charity which protects endangered rainforests. The think credit card is a Visa credit card which is available for online applications. Read More

14th December 2007 MBNA Rewards Card Changes Offer

MBNA, one of the largest issuers of UK credit cards, have changed the offering on their Platinum Rewards credit card which now comes with an offer of 0% on balance transfers for 12 months from the date your account is opened and 0% on purchases for 3 months. The MBNA Platinum Rewards credit card is a Visa card which is available online. Read More

7th December 2007 NatWest Credit Card Prize Draw

Online applicants for a NatWest credit card are currently receiving an automatic entry into NatWest's free prize draw for a chance to win £2,500 as the first prize with 17 other cash prizes available to the runners up. Read More

4th December 2007 New Mint Credit Card Offer

The Mint credit card has changed the balance transfer offer available and now offers 0% on balance transfers until the 1st February 2009, with a 2.5% handling fee, typical 14.9% APR variable. The Mint credit card is a MasterCard which is available for online applications. Read More

30th November 2007 New Goldfish Low APR Credit Card

Goldfish have launched their new Goldfish credit card, that offers a balance transfer rate of 4.9% until the 1st December 2010, with a handling fee of 3% for each balance that is transferred, typical 12.9% APR variable. The Goldfish credit card is a MasterCard which is available online. Read More

21st November 2007 VIP Entertainment Credit Card Launches

MBNA Europe, one of the largest issuers of credit cards in the UK, have launched the VIP Entertainment credit card which offers a package of entertainment benefits. The VIP credit card is a MasterCard which also offers 0% on balance transfers for 12 months from the date your account is opened, with a handling fee of 3%, typical 15.9% APR variable. Read More

16th November 2007 One In Ten People Use Credit Card Daily

Some 34 million Britons now have a credit card and more than three million of these people, around 1 in 10 of card holders, say they use it on a daily basis, according to a new survey conducted by high street bank Abbey. Read More

12th November 2007 Extra Consumer Purchase Protection

The House of Lords have ruled in favour of consumers who claim refunds from their credit card company for goods which have been purchased abroad. The House of Lords ruling brings to an end a case bought by the Office of Fair Trading (OFT) in 2004. Read More

9th November 2007 New Lloyds TSB Credit Card

Lloyds TSB have introduced their Platinum MasterCard credit card which offers 0% on balance transfers for 12 months, with a handling fee of 3%, and a minimum spend of £100 in the first 3 months, typical 16.9% APR variable. The LLoyds TSB Platinum credit card is a MasterCard which is available online. Read More

5th November 2007 MBNA Platinum Changes Card Offer

MBNA, who are one of the largest issuers of UK credit cards, have changed the offering on their Platinum Plus credit card which now come with an offer of 0% on balance transfers until your statement date in December 2008 and 0% on purchases your statement date in March 2008. The MBNA Platinum Plus card is a Visa credit card which is available online. Read More

2nd November 2007 Egg Increase Balance Transfer Offer

Egg have increased their introductory offer on balance transfers from their previous offer of 0% for up to 12 months to the new offer of 0% for up to 14 months, with a handling fee of 3%, typical 16.9% APR variable. The Egg credit card is a Visa card which is available online. Read More

29th October 2007 Credit Card Usage in Great Britain

APACS, the UK payments association, has released the results of a study looking at the payment habits of adults in every region of Britain. The South East of England has more credit card holders per head of population than any other region - 75 per cent of adults, compared with the national total of 67 per cent. Read More

23rd October 2007 bmi Card Launches With Miles Offer

The bmi Classic Credit Card, which is issued by MBNA, has launched with an introductory offer of 20,000 destination miles when you spend £250 on the card within 90 days of account opening, enough for a return flight to Italy or Spain. The bmi Classic credit card is a MasterCard which is available online. Read More

17th October 2007 Balance Transfers Increase In Popularity

Credit card customers in the United Kingdom are planning on moving over £11 billion between different credit cards in the next year, according to a new survey which shows that around 6.5 million people plan on moving their existing balance to a new credit card in the coming year, an increase of 5% on last year. Read More

12th October 2007 New Breakthrough Credit Card Offer

To celebrate Breakthrough Breast Cancer Awareness Month this October the Breakthrough Breast Cancer credit card has changed the offer available on it's credit card which now offers 0% on balance transfers and purchases for 9 months from the date your account is opened, with a 3% handling fee, typical 15.9% APR variable. The Breakthrough Breast Cancer credit card is a Visa card which is available online. Read More

9th October 2007 SonyCard Mp3 Player Offer

Sony card, the official Sony credit card, has reintroduced it's very popular MP3 Player promotion. Sony Card will credit your account with 2,000 free Pulsebeats when you first use your card and a further 5,000 pulsebeats if you spend £250 on your card within 90 days of account opening, enough in total to claim a 2GB multi function MP3 player. The Sony Card is a Visa card which is available online. Read More

5th October 2007 New Mint Credit Card Offer

Mint has changed the offer available on it's credit card which now offers 0% on balance transfers until the 1st December 2008, with a 2.5% handling fee, typical 14.9% APR variable. The Mint credit card is a MasterCard which is available online. Read More

2nd October 2007 Barclaycard New Balance Transfer Offer

The Barclaycard Platinum credit card has increased it's introductory offer on balance transfers to 0% for 14 months from the date your account is opened, with a 2.5% handling fee, typical 14.9% APR variable. The Barclaycard Platinum credit card is a Visa credit card and is available online. Read More

27th September 2007 Credit Card Borrowing Down

The amount of money that UK consumers have borrowed on their credit cards fell again in August, according to the latest figures from the British Bankers Association. Total figures for credit card borrowing reduced by £102 million in August, which compares to a fall of £73 million in July. Read More

21st September 2007 Bonus Rewards From Nectar

To celebrate the second anniversary of the joint credit card venture between Nectar and American Express, new applicants for the Nectar Credit Card are being offered 5,000 bonus points when the spend £200 on their card within 90 days and double Nectar points for the first 3 months. Read More

18th September 2007 New Shell MasterCard Launch

The Shell MasterCard is a new credit card launched by Citi, which offers a 3% rebate on Shell fuel purchases in Great Britain and a 1% rebate on everything else you buy anywhere. The new Shell MasterCard from Citi is a MasterCard credit card that is available online. Read More

14th September 2007 MBNA Platinum New Card Offer

MBNA, one of the largest issuers of credit cards in the UK, have changed the offering on their Platinum Plus credit card which now come with an offer of 0% on balance transfers until your statement date in October 2008 and 0% on purchases until January 2008. The MBNA Platinum Plus card is a Visa credit card which is available online. Read More

7th September 2007 MasterCard Contactless Payments

Mastercard has launched it's contactless payment technology in the UK. The MasterCard PayPass credit cards allow users to buy items that cost less than £10, simply by passing their credit card in front of a secure reader which uses wireless technology to transmit the payment details from the card to the retailers terminal. Read More

3rd September 2007 Credit Card Holders Urged to Sign Up

Million of credit card holders have already signed up, but APACS, the UK payment association and the Home Office are urging more credit card holders to sign up to Verified by Visa and MasterCard SecureCode which makes credit cards safer to use when shopping online. Read More

28th August 2007 New Goldfish Rewards Credit Card

Goldfish have launched their new Goldfish rewards credit card, that offers rewards points on all purchases, as well as a long low rate introductory balance transfer offer, typical 17.9% APR variable. The Goldfish rewards credit card is a MasterCard which is available online. Read More

20th August 2007 Credit Card Borrowing Declines

The amount of money that UK consumers are borrowing on their credit cards fell again in July, according to the latest figures from the British Bankers Association. Total credit card borrowing reduced by some £73 million in July, compared to a fall of £78 million in June. Read More

15th August 2007 Retailers Sign Up For Contactless Credit Cards

More than 1,000 London retail outlets have signed up for the new contactless payment system being introduced in London this autumn by MasterCard and Visa. Contactless payment will be available for credit card transactions of £10 or under, where customers will simply hold their upgraded card up to a secure reader to make their payment in participating retailers. Read More

10th August 2007 New Barclaycard Football Card

With the new football season just getting underway, Barclaycard have launched the Barclaycard Football credit card which offers 0% for 12 months on balance transfers with a 2.5% fee typical 14.9% APR variable. The Barclaycard Football card is a MasterCard which is available online. Read More

7th August 2007 MasterCard Returns To Profit

Higher credit card usage and the weak dollar helped profits recover at MasterCard, the credit card issuer, in the 3 month period of April to June this year. Revenue during the second quarter of 2007 were up nearly 18% and earnings increased to 124 million for the quarter. Read More

2nd August 2007 New Capital One Cashback Card

Capital One have launched their new Capital One Cashback card, that offers 4% cashback on all purchases in the first 3 months and then 1% cashback on all purchases after the first 3 months, typical 15.9% APR variable. The Capital One Cashback card is a MasterCard which is available online. Read More

27th July 2007 Barclaycard Increase Balance Transfer Offer

The Barclaycard Platinum credit card has increased it's introductory offer on balance transfers from 0% for 12 months, to 0% for 13 months from the date your account is opened, with a 3% handling fee, typical 14.9% APR variable. The Barclaycard Platinum credit card is a Visa card and is available online. Read More

25th July 2007 Credit Card Pin Code Overload

A very large number of Britons are being confused when they reach the Chip and Pin payment machines, because they can not remember their credit card or debit card Pin numbers. A survey by Abbey has found that some 22 million credit card and debit card owners have forgotten their Pin recently. Read More

19th July 2007 Virgin Increase Balance Transfer Offer

The Virgin credit card, from Virgin Money, has increased the 0% balance transfer offer from 12 months to 15 months from the date your account is opened, with a 2.98% handling fee, typical 15.9% APR variable. The Virgin credit card is a MasterCard and is available online. Read More

10th July 2007 New Barclaycard Breathe Card

Barclaycard has launched the Breathe credit card, a 'green credit card' which gives 50% of all profits to environmentally friendly carbon-reduction projects. The Barclaycard Breathe card is a MasterCard which offers 0% on balance transfers for 6 months, with a 2.5% fee, typical 14.9% APR variable and is available online. Read More

5th July 2007 Credit Card Spending Rises

Total spending on credit cards rose by over 152% over the last decade according to the latest figures released by APACS, the UK payment association. UK consumers spent £50 billion on credit cards in 1996 and £126 billion on credit cards in 2006. Read More

2nd July 2007 New HSBC Credit Card Offer

HSBC Bank have introduced a new offering on their HSBC Credit Card which offers a very competitive 0% interest on all purchases for 12 months, typical 15.9% APR variable. The HSBC credit card is a Visa card and is available online with an instant decision. Read More

26th June 2007 OFT To Work With Credit Card Companies

The Office of Fair Trading (OFT) has announced a new programme in which it will work with the credit card industry and consumer bodies to make the cost of credit cards easier for consumers to understand. Read More

21st June 2007 Visa To Sponsor Football World Cup

Visa looks set to gain sponsorship rights to the world's most watched sporting event, the FIFA World Cup, after rival MasterCard dropped it's legal fight to get sponsorship rights for the next 2 World Cup Tournaments in 2010 and 2014. Read More

15th June 2007 Holiday Credit Card Tips

With the holiday season fast approaching, APACS, the UK payments association, and travel association ABTA have published a guide on using your credit card abroad. Over £23 billion was spent abroad last year by consumers on plastic cards and fraud overseas has risen in countries where Chip and PIN is not fully implemented. Read More

11th June 2007 Credit Card Satisfaction Survey

Around 1 in 5 credit card customers in the UK are unhappy with their current credit card company, a new report suggests, but despite this many customers will stay with the same credit card company for 6 years or more despite the intense competition in the UK credit card market. Read More

7th June 2007 New Citi Platinum Purchases Card

Citi Cards, part of global financial giant Citibank, have introduced the new Citi Platinum credit card which offers a very competitive 0% interest on all purchases for 11 months, typical 16.9% APR variable. The Citi Platinum card is a MasterCard and is available online with an instant decision. Read More

5th June 2007 Credit Card Cash Withdrawals Fall

The amount of money that consumers have withdrawn from cash machines, using a credit card, has fallen by over 1 billion pounds in the last year, which shows that consumers are becoming increasingly "savvy" over credit card companies charges for cash withdrawals. Debit card withdrawals increased by over 10% in the same period. Read More

29th May 2007 Post Office Financial Services Growth

Post Office Financial Services has gained it's 1 millionth customer, three years after it's launch. The Post Office now sells 1 in 50 of all car insurance policies in the UK and last year issued 1 in every 25 new credit cards. Read More

24th May 2007 Credit Card Fees For No Usage

According to a leaked internal document, Barclaycard is considering following Lloyds TSB and introducing an annual or monthly fee for customers who do not use their Barclaycard Visa credit card enough. Read More

21st May 2007 RBS And NatWest New Card Offers

The Royal Bank of Scotland (RBS), and NatWest have changed the offering on their credit cards, and credit cards from both banks now come with an offer of 0% for 13 months on balance transfers and 0% on purchases for 3 months. Read More

16th May 2007 Credit Card Habits

The British love affair with credit cards shows no signs of slowing down, with the average amount spent on plastic being £3,450 a year, nearly 15% of the average working wage, according to new research. Read More

11th May 2007 Credit Cards Replacing Cheques

Credit cards and debit cards are fast becoming the preferred choice for making payments, with the cheque book looking destined for the history books, according to new research released by APACS, the UK payments association. Read More

8th May 2007 Contactless Credit Card Rollout

MasterCard and Visa have confirmed plans for a national rollout of contactless technology on UK credit cards. Contactless technology will be available for transactions of £10 or under, where customers will simply hold their upgraded card up to a secure reader to make their payment in participating retailers and vending machines. Read More

4th May 2007 Airmiles Changes Cards

NatWest credit card customers are to be offered a new travel reward scheme from June this year as the Airmiles loyalty scheme ends what has been a long partnership with Natwest in favour of rival bank Lloyds TSB. Read More

30th April 2007 Biodegradable Credit Card

Following hot on the heels of Barclaycard's plans to launch a 'green' credit card come news that Virgin Money is working on plans for a credit card made from biodegradable materials. No launch date has been set for the new Virgin credit card which is likely to be green in colour and not Virgin's usual red. Read More

26th April 2007 MasterCard Signs Up Lloyds TSB

Mastercard and LLoyds TSB have signed a deal to issue most of the bank's credit cards using the MasterCard brand. The deal is one of the largest of its kind ever seen in the UK and will see a doubling in the size of MasterCard branded Lloyds TSB credit cards in issue over the next year. Read More

19th April 2007 Barclaycard Planning Green Credit Card

Barclaycard, one of the UK's largest credit card issuers, has announced that it has started developing a 'green' credit card that will help card holders reduce global carbon emissions and also offer card holders incentives to be more environmentally friendly. Read More

16th April 2007 Checking Credit Card Statements

Nearly half of all credit card holders, some 47%, do not check their credit card statements thoroughly and a further 4% admit to not even looking at their credit card statement according to new research released by APACS, the UK payments association. Read More

11th April 2007 Easier Fraud Reporting

The new rules on reporting credit card fraud will make it easier for victims of such crimes to report them, according to the industry body, Card Watch which is a UK banking industry initiative, that aims to raise awareness of credit card fraud prevention. Read More

5th April 2007 Credit Card Interest Confusion

Which?, the consumer group has requested an investigation into how credit card companies calculate interest. According to Which? the top 20 credit card companies, who account for around 90% of the credit card market, charge interest in 12 different ways. Read More

2nd April 2007 Egg Increase Balance Transfer

Egg have increased their introductory offer on balance transfers from their previous offer of 0% for up to 8 months to the new offer of 0% for up to 12 months. Typical 16.9% APR variable. The handling fee for any balance transferred stays at 2.5% of amount of the balance transferred. Read More

2nd April 2007 New Credit Card Fraud Reporting

New procedures have now come into effect in England, Wales and Northern Ireland which means that your credit card company has become the first point of contact for credit card and online fraud offences. In almost all cases card holders will be required to report instances of this type of fraud straight to their card issuer and not to the police. Read More

30th March 2007 Visa Invests In Mobile Payments

Visa, the world's leading payment card company is taking active steps to ensure that it remains at the forefront of any cashless payments solutions by launching a mobile phone platform and is looking at teaming up with mobile phone companies to enable cashless transactions with a handset, known as m-payment or m-commerce. Read More

22nd March 2007 Barclaycard Trials Travel Card

Barclaycard has completed technical trials of a smart card that combines contactless payment, traditional credit card and Oyster travel features. The company has signed an exclusive three-year contract to combine Visa with the Oyster travel card, paving the way for contactless payments in London. Read More

19th March 2007 Credit Card Cash Withdrawal Fees Rise

Credit card customers are being urged to think again before using a credit card to withdraw cash from a cash machine, with a recent survey showing that fees for cash withdrawals have risen substantially over the last two years. Read More

14th March 2007 Credit Card Fraud Falls

The introduction of Chip and PIN, introduced on credit cards in February 2006, has made it more difficult for fraudsters to commit credit and debit card fraud, with losses at UK retailers falling by £146 million over the past two years according to the latest figures released by APACS, the UK payment association. Read More

8th March 2007 Credit Card Fees Abroad

UK holidaymakers who plan to use their credit card whist abroad this year could be in for an unpleasant surprise. Almost all credit cards levy a 2.75% fee on each transaction overseas, but about half of all holidaymakers have no idea of these hidden costs and a third of travelers wrongly believe that their card provider does not charge a fee. Read More

5th March 2007 Londoners Get More Rewards

People living in London are the most likely to take advantage of credit card reward deals, according to a recently published report from a credit card company. The survey results show that of people living in London who have a credit card, more than 80% own a credit card that offers some form of rewards scheme. Read More

2nd March 2007 Credit Cards And Travel Cover

Many people this year will book a holiday using their credit card and also pay for travel insurance, unaware that their credit card may already cover them. Some three quarters of all the credit cards available in the UK, offer travel insurance cover to customers who pay for part or all of their holiday with their credit card. Read More

28th February 2007 Chip and PIN One Year On

It is now just over one year since the official change over to Chip and PIN in the UK. Chip and PIN is the new, more secure way to pay with a credit card using a four digit PIN number rather than a signature. APACS, the UK payment association, has released an update on the implementation, one year on. Read More

23rd February 2007 Lloyds TSB Introduces Annual Charge

Lloyds TSB bank is set to charge an annual fee of £35 on credit card account holders who the bank has classified as "low usage", including those who do not use their card at all. The bank has sent a letter to some 50,000 of their credit card customers telling them that the charge will be levied on their accounts, 30 days from the date of the letter. Read More

21st February 2007 Credit Card Spending Declines

The amount of money that UK consumers are spending on their credit cards fell again in January, according to the latest figures from the British Bankers Association. This has led analyst to suggest that despite the appeal of the January sales, consumers are beginning to manage their finances in a more responsible manner. Read More

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