Rishi Sunak is considering raising the limit on contactless payments from £45 to £100. Full story here.
Barclaycard are planning to increase their minimum payment on their credit cards in January 2021. Full story here.
Read this article where Emmanuel Asuquo, the financial advisor and TV money expert, suggest there are only two reasons to use a credit card.
Read this story about Mastercard who could be paying their customers up to £300 as a result of a court verdict finding them guilty of charging excessive transaction fees.
Read this story about plans by Barclaycard to increase the minimum payments for their cards in January 2021.
Martin Lewis explains that cards are not obliged to take cash in this article. They can insist on cards.
Banks are planning to increase the cost of credit card borrowing in run-up to Christmas. See the full story here.
Read this article where Martin Lewis explains that purchases made with PayPal may not have the same Section 75 ‘money back’ protection as credit cards.
The FCA have yet again changed the rules around credit cards which will inevitably lead to a spike in interest rates. See the full story here.
FICO, who monitor credit card usage, are warning of difficulties ahead as credit card usage increases in June and July in this article.