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A recent survey has highlighted that this year British people are using cash to pay for gifts more than they are their credit cards. The cash machine network run by the company LINK have said that compared with last year there is then a 10% increase on the amount of cash people are withdrawing. John Howells [...]  It has recently been announced that stores are no longer able to give instant discounts to customers when they take out an in-store card. Several complaints have been made that retailers are hard selling their store cards and encouraging customers to spend more money than they actually have. The cards do not have favorable interest [...] The number of credit cards in circulation in the UK has greatly fallen compared to 6 years ago. In 2005 there were around 70 million cards in the UK, by last summer that number had fallen to just shy of 56 million. Some would say this is a good thing, credit cards allow people to buy [...] Pre-paid cards offer a tool to help you make budgeting easier. They are a great way of weaning yourself off the credit cards and they offer flexibility and convenience. A pre-paid card works by allowing you to load funds onto a reloadable prepaid card. Once you’ve got money loaded onto it, you can access [...] Many Britons that are strapped for cash are lowering their savings and cutting their spending to try and bring down their credit card balances that have built up in the last couple of years. Five million people have eliminated their credit card debt in the past year by reducing their savings on average by 5%. ING [...] More than £10 million was lost last year in Scotland due to online and plastic card fraud but many victims are still in disputes with banks trying to reclaim lost funds. The multimillion pound fraud in 2010 was a bit less than the previous two years as consumers and banks are more alert about fraud [...] Payments firm Apacs has released reports showing that in the second quarter of 2007 spending on credit cards was 7% higher than figures from this past year which supports the idea that it is really easy to spend using credit cards and that this is reflected in the way UK consumers are spending and taking [...] If a planned takeover by Barclaycard goes forward, many Egg credit card clients are being left in the dark about the terms of their account and whether they will change. A portfolio of over one million accounts with credit worth £2.3bn was announced what Barclaycard was purchasing from Egg, and a competition clearance is expected [...] There is nothing better than getting something for nothing. Reward credit cards provide the opportunity to get cashback or other point-based rewards simply by undertaking your normal spending. Here are some current deals that are available. Card Lloyds TSB Airmiles Duo The competition for best buy transfer introductory periods for credit cards is hotting up, thanks to Barvlaycard’s new offer for their Platinum credit card. Chris Griffiths, credit card manager at Confused.com said: “By increasing the balance transfer introductory period to 0% for 16 months Barclaycards Platinum moves to joint top of the best buy charts, pulling [...] |
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