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Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Credit cards News Stories

Cost of credit card debt on the rise

19th June 2018 The latest Credit Card Report reveals that the average purchase and cash rates on credit cards have risen during the Q2 of 2018, as has the average cash withdrawal fee. This means that borrowers might now have an even harder time getting out of debt. Read More...

18m Brits risk unknowingly damaging credit score

12th June 2018 Do you know what the ‘30% rule’ is when it comes to using credit? As it turns out, many people either aren’t aware of it or are ignoring it, which risks damaging their credit score. Read More...

52% reluctant to ask credit card provider for help

22nd May 2018 Falling into debt is never a fun experience, but it can only get worse if you try to ignore it or refuse to seek help. Despite the benefits, however, 52% of Brits feel there is a stigma attached to asking their credit card provider for help. Read More...

Cashback and reward cards proving less rewarding

24th April 2018 Compared to a few years ago, shoppers using cashback or rewards to get something back from their spending will be disappointed to find that they are now receiving very little. They may therefore have to work a bit harder to find the best deals. Read More...

Lowest number of interest-free cards since 2010

27th March 2018 The recently published Moneyfacts UK Credit Card Trends Treasury Report has revealed that the number of credit card deals with an introductory term on purchases or balance transfers now sits at its lowest level since 2010. Read More...

Interest-free BT credit card terms shortening

06th March 2018 Last week, we reported that credit card borrowers are due to get more help repaying their debts. Our latest figures show that this help can’t come soon enough, as the interest-free term on balance transfer cards has been going down. Read More...

Prepaid Card Star Ratings 2018 announced

05th March 2018 Prepaid cards can come in handy for a lot of reasons. You may be worried about spending too much, you may not want or be able to get a bank account but still need a card, or you may simply be looking for a travel card that doesn’t rely on credit... Read More...

More help for problem credit card borrowers

Unfair card charges live on despite ban

28th February 2018 Despite new EU laws seeing additional charges on credit or debit cards banned when paying in store or online, 14% have still been charged extra fees since 13 January, Consumer Intelligence reports. Read More...

Interest-free card competition stalls

23rd January 2018 As the Christmas credit card bills come in, now might be a great time to switch to a 0% balance transfer card. In the past, January has seen stiff competition in the balance transfer market. Unfortunately, this year does not continue that trend. Read More...

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