Credit Card And Related News For September 2006 -

Welcome to the latest news concerning UK credit cards and other related topics for the month of September 2006

• UK Credit Cardholders Still Falling for Phishing Scams [27.09.06]
  According to a recent study undertaken by the UK banking association APACS, 3.8% of all UK credit cardholders said they would still respond to a phishing scam email even though they knew that it was likely that the email was a scam.
• Pay Your UK Credit Card Bill By Text Message [26.09.06]
  Ever wished you didn’t need to go to the bank and line-up in a queue to pay your credit card bill? If so, you may be happy to hear that paying your credit card bill at banks and payment centres may now be a thing of the past.
• The New Lloyds TSB Premier American Express Credit Card [25.09.06]
  Need a personal assistant to help you look for anything from theatre tickets to where to eat out tonight? If so, the new Lloyds TSB Premier American Express Card may be just the ticket for you.
• The Hidden Cost Of Transferring To 0% UK Credit Card Offers [22.09.06]
  Having lost an estimated whopping £300 million in revenue since the Office of Fair Trading (OFT) imposed a maximum fee of £12 on late payment of credit card repayments (which were previously averaging £20) earlier this year, UK credit card providers have come up with some more interesting and innovative ways to claw-back some of these lost earnings.
• Pensioners May Need Credit Cards To Live On [21.09.06]
  An experiment run by pension provider AXA has revealed that the state pension will be insufficient for the pensioners of tomorrow to live. Many may have to turn to credit cards just to make ends meet after the experiment, involving 26 households challenged to live on the current state pension for a week, revealed that most had spent the money within 3 days.
• UK Consumers Overpaying for Balance Transfers [20.09.06]
  Over three million UK consumers are paying over the odds when it comes to credit card balance transfers. Once fees for the balance transfer, charges and term lengths are taken into account, millions are not getting the great deal they think they are.
• UK Credit Card Companies Start Credit Crackdown [19.09.06]
  Until very recently credit card providers in the UK loved British credit card users who failed to make repayment of their entire outstanding balance at the end of each statement period.
• Barclays Bank Credit Card Customers Targeted By Massive Phishing Attack [18.09.06]
  Barclays Bank credit customers have been targeted by one of the UK’s biggest phishing attacks to-date.
• Brits Hit the Plastic to fund Overseas Holidays [15.09.06]
  A report from CreditExpert has revealed that one in six Britons will turn to their credit cards in order to finance their foreign holiday this summer.
• Cash Back The Most Popular Reward Credit Card [14.09.06]
  As loyalty reward credit cards continue to outstrip 0% interest cards in the popularity stakes, it is therefore no surprise that UK consumers now more likely to carry credit cards that offer cash back rather than cards that offer 0% interest on balance transfers.
• Banks to Spend Big to Beat Card Skimming [13.09.06]
  With ‘card skimming’ on the rise in Scotland, banks are to spend hundreds of thousands of pounds in order to beef up card security at ATM’s across the country.
• Brits’ £9 Billion Summer Holiday Credit Card Expense [12.09.06]
  A recent survey by Moneysupermarket has found that 57% of Brits elected to pay for their summer holiday on their credit cards. Spurning the chance of possible cheaper methods of paying for their time in the sun, the average Brit charged £799 on their credit card during their summer holiday this year.
• Barclays Re-Launch UK Barclaycard Student [11.09.06]
  The first week of September saw new and old students return to their study programmes and also saw Barclays re-launch its popular Barclaycard Student credit card.
• UK Credit Card Fraud Hotspots Named [09.08.06]
  Research carried out by an Internet firm has revealed that London, Manchester and Kilmarnock come top of the table for card-not-present fraud.
• Days Numbered For UK Credit Card Cheques [08.09.06]
  There have been calls from consumer watchdogs and customers alike that the UK credit card cheque system be abolished. It’s been one of the most unpopular products ever offered by UK financial institutions.
• Consumers Opt for Credit Card Rewards [06.09.06]
  A new study has revealed that UK credit cards offering reward schemes have overtaken credit cards offering 0% deals in the popularity stakes. It now appears that UK consumers are shunning the once popular 0% balance transfer deals as most credit card issuers implement charges for such deals.
• Are You Throwing Away Your UK Credit Card Loyalty Points? [01.09.06]
  9 out of ever 10 UK credit card users today elects to use a credit card that has been offered by a UK credit card issuer that is backed by a loyalty use program. Given that this is best practice advocated by many, this should not be too surprising and shows that British credit card users are becoming more educated about which credit card issuer provides the best service for their overall requirements.