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

City

Nine in 10 eligible card transactions in 2021 were contactless – Barclaycard

Around nine in 10 eligible card transactions in 2021 were contactless, according to data from Barclaycard. Some 91.1% payments where “tap and go” would have been an option were in fact contactless. This was up from 88.6% of eligible ...

26 Jan 2022 at 01:26

City

Amazon reverses decision to ban customers from using Visa credit cards

Amazon has reversed a decision to ban customers from using UK Visa credit cards on its website. The online retailer had been expecting to introduce the changes from this Wednesday, having warned customers the card company’s fees ...

17 Jan 2022 at 12:57

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 ...

14 Jul 2022 at 11:46

Cash use set to survive despite slump during pandemic – report

Cash may no longer be king but its rapid decline in use during the pandemic has at least eased, according to a report. Trade body UK Finance said many people were forced to use alternative ways of spending due to lockdowns ...

18 Aug 2022 at 11:55

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 ...

17 Aug 2022 at 12:54

National News

Teenagers splash the cash in the sun while adult spending was up in pubs and restaurants

We spent more on pubs last month despite our overall spending dropping in comparison to the previous month, but teenagers ranked up spending in the according to latest figures Analysis of Bank of Ireland debit and ...

15 Aug 2022 at 00:33

Personal Finance

Some mortgaged households set to see 3% reduction in disposable income this year

The average household that took out a mortgage in 2021 faces a 3% reduction this year in the amount of disposable income it has left over after home loan, credit commitments and living costs, according to trade ...

08 Jun 2022 at 01:01

Credit card borrowing grows at fastest annual rate since 2005

Households’ credit card borrowing grew at the fastest annual rate since 2005 in April, according to Bank of England figures – just as a string of price rises started to hit. The annual growth rate for all ...

31 May 2022 at 12:09

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 ...

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 ...

22 Sept 2022 at 14:08

More than two-thirds of parents ‘worried about paying for food, energy and fuel’

More than two-thirds of UK parents are worried about paying for food, energy and fuel over the next year and are being “pushed to the edge”, research suggests. Parents described feeling ...

02 Sept 2022 at 01:01

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