December Credit Card News

Archive for credit card and financially related news for December 2005

• £300m Lloyds TSB Provisions Fund
  To cover expected compensation claims and pension payments, Lloyds TSB have announced a larger than expected fund has been set aside to meet these commitments.
• Balance Transfer Blow for Rate Tarts
  UK credit card 'rate tarts' suffered a blow when Capital One decide to withdraw its interest free balance transfer deal. Consumers have recently saw a fall in the number of credit cards offering interest free balance transfers, with the Capital One card offering the longest deal in the card market.
• Banks Profiting From Consumer’s Card Debt
  Millions of UK credit card customers are feeling the pinch as the big banks apply pressure through the quiet introduction of penalty charges and interest rate rises.
• Credit Cards - the Return of Annual Charges?
  According to a new report, consumers in the UK could soon see annual charges on credit cards making a comeback.