Many cardholders missing out on their rewards
May 16, 2008
A recent report has highlighted how many rewards based credit card holders are missing out on their rewards by failing to claim. These credit cards have become very popular over recent years, with many consumers that repay their credit card balances in full each month deciding to try and cash in and claim back rewards such as retail rewards, loyalty points, cash back, air miles, travel rewards, and gift voucher from credit card providers. However, many are missing out by not claiming their rewards. Read more
Credit card addicts continue to defy credit crunch
April 10, 2008
Whilst many people have had to tighten their belts and cut back on spending due to the turmoil caused by the global credit crunch and tighter lending conditions, it seems that many credit card addicts are not only continuing to spend and accrue debt during these difficult times, but are also juggling five or more credit cards. A recent report suggests that over three million Brits have five or more cards, and in some cases are clocking up debt on all of their cards as they continue to frivolously spend. Read more
Egg’s actions could benefit some borrowers
February 19, 2008
The recent decision of the online lending giant Egg could actually benefit some customers according to a recent report, enabling them to prove their creditworthiness as a result of having their account closed. Egg recently announced that around 161,000 would have their credit card accounts closed, claiming that those affected were people whose credit profiles had deteriorated since they opened their credit card accounts. Read more
Some customers may benefit from Egg credit card withdrawal
February 19, 2008
Officials from the UK’s credit reference agencies have stated that many customers that have been affected by lending giant Egg’s decision to withdraw over 160,000 credit cards could actually benefit in terms of their creditworthiness. According to Egg officials those having their credit cards withdrawn were consumers whose credit rating had fallen since they opened their accounts, but research has shown that many of those that were affected actually had very good credit and repaid their cards responsibly. Read more
Many Brits overspent in 2007
February 15, 2008
Worrying data from a recent report suggests that last year over five million Brits ended up spending more than they earned, with some officials branding Britain a nation of spendaholics. The reports suggests that the spending of many Brits spiralled out of control last year, with a worrying number of people spending far more than they could afford to, often on unnecessary items and luxuries. Read more
Another complaint about Abbey
January 22, 2008
Another customer has made a complaint about the Abbey, which has been at the centre of a variety of blunders recently. The woman claims that the bank incorrectly asked her for some sensitive, personal details when she applied for a credit card, and they then lost the data, which included various personal details, including her name, address, national insurance number, and a credit card statement. Read more
Is a cash back credit card for you?
January 20, 2008
It can be difficult to determine these days what sort of credit card is likely to best suit your needs, as there are so many different card types available. Some people will benefit most from interest free credit cards whereas others may benefit more from a balance transfer card. One type of credit card that has proven popular amongst those that want to enjoy the convenience and ease of credit card use, whilst making a little money from the credit card provider, is the cash back credit card. Read more