Banks and regulators in talks over extending credit card payment holidays for hard-up borrowers for another three months The FCA extended mortgage holidays last week Bankers are now in talks with it over doing the same thing for unsecured debts There are concerns due to the cost of rolling over more expensive debt Taking a … Read more
Kate Garraway has revealed she found a touching message from her husband Derek as he continues to fight coronavirus. The Good Morning Britain presenter said she found the old card while packing a bag of washing items for his hospital stay. The 53-year-old told The Sun: ‘I opened it up and there was a card … Read more
Is this the beginning of a credit card squeeze? Number of 0% and balance transfer deals collapse in the wake of coronavirus There are now 55 purchase and 56 balance transfer deals available This is down from 61 and 66 last month – which were already record lows Banks are pulling credit card offers as … Read more
Santander reveals 240,000 of its customers are on mortgage and credit card holidays – with savings rates and 123 account due to be cut 206,000 mortgage borrowers had been given holidays Meanwhile 15,000 credit card and 18,600 loan borrowers had paused payments The £32.4bn of mortgages having payments paused was 19% of its lending The … Read more
Samsung Pay expands to take on rival Apple with launch of branded debit card this summer Samsung Pay launched in 2015, but was a digital service on the smartphone Now, the firm is rolling out a branded debit card to users this summer The card will also support a cash management account with SoFi The move … Read more
Researcher detects malware designed to steal credit card information on more than 1,200 online stores The malware was detected on more than 1,200 online stores Magecart allows scammers to skim credit card information from online forms The infections were found in general online shops and some adult websites By James Pero For Dailymail.com Published: 23:08 … Read more
Plastic purge: Britain’s personal debt pile SHRANK in March as people shun credit cards amid coronavirus crisis Bank of England found households paid back £3.8bn more than they borrowed Of that, £2.4bn came from credit cards and the rest from other loans The bank said a collapse in new lending was the big reason, as … Read more
American Express customers who opened a credit card shortly before coronavirus pandemic get extra time to spend and rack up bonus points Amex often give a points bonus if you spend a certain sum in three months These can be Amex points, British Airways air miles or Nectar points It has doubled the time limit … Read more
Phishing involves cyber-criminals attempting to steal personal information such as online passwords, bank details or money from an unsuspecting victim. Very often, the criminal will use an email, phone call or even a fake website pretending to be from a reputable company. The criminals can use personal details to complete profiles on a victim which … Read more
Banks will increasingly tighten lending criteria over the next three months, approvals for credit cards and loans will fall and interest-free term lengths will shrink, banking giants and building societies predict. The Bank of England’s latest credit conditions survey revealed lenders by a large margin believe the availability of unsecured credit for households will decrease … Read more