Archive for the ‘News’ Category

A new credit card charges kit from legal advice resource www.legalcentre.co.uk/ makes it even easier to reclaim unfair credit card charges. As the date for the test case in the credit card charges dispute between the Office of Fair Trading and the banks gets closer we look at how an individual may go about succeeding in making their claim. The basis of any claim needs to be founded in the Consumer Credit Act. » More: Credit Card Charges Kit

According to the headlines the Canada and international landscapes are taking a new turn, since more demands has been put on Canadian customers. During a poll, three-quarters of the Canadian cardholders showed some interest in debit cards that offered them improved features. » More: Regulations are hurting credit card consumers

According to national news in October spending from credit cards increased in a few months while Koreans focused on spending precious time with their loved ones instead f shopping. Korea’s Credit Finance Association said that slightly “under 28.3 trillion” had took the lead while another 23.9 billion dollars were spent during October on card purchases. » More: October Credit Card Growth

November Citi relayed the message in the news that their company would be laying off another 175 employees who worked in the credit card and wealth management areas. » More: More Bad News for Credit Cards

According to national bulletins, the Conservative government had proposed new codes of conduct to help protect consumers from high credit card fees. These codes have done nothing as far as protecting the consumers some claim. » More: Debates on Credit Card Firms

It seems credit cards are getting a lot of attention these days. In the headlines, Bank of America reported that it losses climaxed through these past third quarters. Bank of America is the major bank in the United States that has presented the record loss rate for credit cards amongst the prevalent lenders. » More: Credit Cards in the News

Some prominent leaders who claimed to put an end to credit card providers charging unreasonable interest rates issued bans. Store card firms can expect some new changes in how they charge interest rates because of new laws they will not be allowed to charge high rates. » More: Curbing Bad Practices on Credit Cards

November 4, 2009 CitiGroup announced that their banks received billions of dollars in bailout money the previous year. The bailout money caused over 175 jobs to be lost. Around 100 positions were cut so that the banks could concentrate on the support functions, finance, marketing, etc. » More: Credit Card News

November 5, 2009 JPMorgan from Chase and Company presented the new 100,000-airline mile rewards card to intensify the war going on for wealthy spenders. The cardholders could use their airline miles to take a trip on a transatlantic flight. The round-trip tickets were giving to customers who spent up to 2k. » More: Credit Card Wars

Barclaycard has offered to reduce some of the borrowers’ minimum payments on credit cards to a small part of their arrears for this month. The small cut was offered because of computer errors. During November, some customers are asked to pay 25 percent of the amount they owe. » More: Barclaycard lends some hope