All the updated news related to credit cards

All the news related to credit cards updated in real time

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Consumer credit borrowing grows at fastest annual pace in two years

Households leaned on their credit cards for support in February as consumer credit borrowing grew at the fastest annual pace in two years. The annual growth rate for all consumer credit accelerated to 4.4% in February, up from 3.2% in January, ...

29 Mar 2022 at 12:25

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

Jump in credit card borrowing due to higher prices and approach of Christmas

Households piled an additional £1.2 billion onto credit cards as living costs increased and Christmas approached – marking the highest amount since 2004. In total, people borrowed an additional £1.5 billion in ...

04 Jan 2023 at 10:56

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, ...

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 ...

29 Jul 2022 at 12:35

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