Consumers need to ‘understand the whole product’ when buying a credit card

Related Entries

• Credit card summary boxes will be easier to understand for consumers
From June of this year credit card applicants and customers should find that the credit card summary boxes on the application forms and marketing materials of credit card providers is far easier to understand. This is
• Credit card customers urged to check statements
UK payments association Apacs has urged credit card customers to check their statements carefully, as many people are currently guilty of not doing so.According to research by the group, nearly half of all credit card
• Millions have a year or more of debt on their cards
It has been reported that millions of borrowers in the UK have outstanding credit card debts of a year or more, with many only managing minimum repayments on their debts in the current outstanding climate.
• Updated summary boxes could help credit card customers
For many people finding the right credit card can be difficult enough at the best of times, but when credit card providers use technical financial jargon on their marketing materials and application forms this can
• False sense of security for consumers being asked for minimum repayments on credit cards
Experts have recently expressed concern that many credit card customers may be getting lulled into a false sense of security as a result of credit card companies asking for very low minimum repayments on their
• New credit cards can ‘ease the pinch’
The global credit crunch may be prompting both consumers and lender to tighten their belts, but a number of new credit cards have recently been launched which could help 'ease the pinch', it has been
• People advised to stick to credit purposes
Consumers should use financial products for their "right purposes", according to Sainsbury's Bank. Steve Baillie, head of loans at the bank, explained that using personal loans, credit cards and overdrafts for the correct purposes will
• Credit card cloning warning
Credit card users in Norfolk have been warned to be on their guard after two reports of cloning in the region.In both instances, money was removed and cashed in Malaysia, with the card owner none