Tweet Consumers are being warned that store cards do not offer a “quick fix” to their financial problems. According to Credit Choices, increasing numbers of people are opting for store cards over credit cards. The company quotes Debenhams chief executive Rob Templeman as saying that people are relying on store plastic as they are using… Read more

Tweet Research has suggested that zero per cent interest on balance transfer credit cards are still the most popular type of plastic. A study conducted by the Fair Investment Company highlighted that 21 per cent of respondents listed zero per cent balance transfer as the most important feature in a credit card. Competitive rates and… Read more

Tweet Apacs, the British payments association, has emphasised the importance of credit card security. A spokesperson for the association said that security measures are something “that people have become more aware of” but added that there are instances were consumers fail to keep their details as secure as they should. “This goes back to being… Read more

Tweet Brides and grooms to be are increasingly relying on loans and credit cards to fund their big day, it has emerged. Research from Fool.co.uk shows that one in ten people would take out a loan to pay for their nuptials or finance the full bash on their credit card, while a further three per… Read more

Tweet Brits are leaving themselves vulnerable to credit card fraud by not practising good security, it has emerged. Recent research by Which? shows that approximately half of respondents admit to using the same security number for more than one card, while one in two individuals do not check a website is secure before making an… Read more

Tweet Credit card fraud is likely to rise as a direct result of the credit crunch, an industry expert has claimed. David Kuo, head of personal finance at Fool.co.uk, believes that tightening economic conditions will likely lead to an increase in people providing false information on credit card applications. An increase in the cost of… Read more

Tweet A personal finance website has warned people going abroad of the additional charges they face when using credit cards there. Moneyfacts claimed that most card providers apply a charge for using them for retail and cash transactions in foreign countries and that debit cards can also incur additional fees. The site also advised against… Read more

Tweet A debt charity has warned people not to become too dependent on credit to cover the cost of bills or other household necessities. Credit Action director Chris Tapp said that the use of borrowed funds such as loans or credit cards makes sense in the short-term but continued use could see people fall into… Read more

Tweet The internet is being increasingly used by credit card customers, to research deals and fill out applications for new cards, according to a recent report. Figures from Global Reviews show that the internet is now the favourite source to look at and manage credit cards, with 64 per cent of customers opting to use… Read more