All the updated news related to credit cards

All the news related to credit cards updated in real time

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Securing a mortgage or other credit ‘set to get tougher over the summer’

Households could find it tougher to get a mortgage or other forms of credit over the summer, amid expectations that default rates on loans are set to increase, a Bank of England survey of lenders suggests. Banks and building societies expect ...

14 Jul 2022 at 11:46

Spending on credit cards up a third amid cost-of-living crunch

Credit card spending has shot up by a third as more people turn to borrowing cash amid the cost-of-living crunch. UK credit card holders spent just under £20 billion in May, a 33% jump in the total spend compared to the same month last year,...

17 Aug 2022 at 12:54

Jump in mortgage approvals in August is ‘calm before the storm’

The number of home-buyer mortgage approvals increased sharply in August, to the highest level since January, according to the Bank of England. But experts said the jump in loan approvals is likely to reflect people trying to lock into ...

30 Sept 2022 at 12:05

Interest rate jump ‘will add nearly £600 per year on average to some mortgages’

Mortgage borrowers whose deal directly tracks the base rate will see their payments increase by around £49 per month on average, adding up to nearly £600 annually, as a result of Thursday’s base rate hike. The figures, from trade ...

22 Sept 2022 at 14:08

Personal Finance

Record 91.2% of eligible card transactions in 2022 were contactless – Barclays

Just over nine in 10 (91.2%) card transactions made last year where paying by contactless would have been an option did use this technology, according to data from Barclays. The bank said this is the highest proportion it has ...

17 Feb 2023 at 00:01

National News

The counties with the biggest increase revealed as spending on bank cards surges

Debit and credit card spending with one of Ireland's main banks was up 13% last month, when compared to the same time last year. Bank of Ireland debit and credit card spending in November was higher (+13%) than in the same ...

15 Dec 2022 at 20:33

Number of mortgage approvals for house purchase falls to lowest level since 2020

The number of mortgage approvals being made to home buyers fell to its lowest level in more than two years in October. Some 58,977 home loans were approved – marking the lowest monthly total since June 2020 – according to ...

29 Nov 2022 at 11:41

Lenders expect default rates on loans to households and businesses to increase

Some households could find it tougher to get a mortgage and other types of credit in the coming months, amid lenders’ expectations that more may default on loans. Lenders expect the availability of mortgages and other ...

19 Jan 2023 at 10:54

Mortgage approvals for house purchase drop to lowest levels since May 2020

The number of mortgage approvals being made to home buyers fell in December to the lowest level since May 2020, according to Bank of England figures. Some 35,600 mortgages were approved for house purchase, down from ...

31 Jan 2023 at 12:28

Credit card borrowing increased in June at fastest annual rate since 2005

Credit card borrowing increased at fastest annual rate since 2005 in June

Households’ credit card borrowing increased in June at the fastest annual rate since 2005, while the amount of money being deposited into accounts nosedived. Commentators said the figures, published by the Bank of ...

29 Jul 2022 at 12:35

Personal Finance

Identity theft could peak during Christmas shopping season, Experian warns

The number of credit card applications being identified as fraudulent has increased by more than a fifth this year, according to credit information company Experian. It is warning that fraudulent activity could ...

21 Nov 2023 at 00:01

Personal Finance

Financial firms dealing with complaints pay out £243m in first half of year

Financial services firms received 1.86 million complaints in the first half of this year and paid out £243 million in redress, according to the City regulator. The Financial Conduct Authority (FCA), which ...

24 Oct 2024 at 12:23

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