American Express

A number of banks will end the controversial practice of charging their debit card customers to take out foreign currency from a bureau de change in the UK, following an agreement with the Office of Fair Trading (OFT).

MBNA will issue many airline credit card customers with two forms of plastic to maximise their chances of collecting points to exchange for flights.

The Co-op will punish credit card customers who legitimately reject an interest rate rise by demanding they repay costly debts in just six months. Otherwise, they must accept the initial hike.

American Express has pledged to review its application process after complaints of lengthy delays when consumers try to get a credit card.

A major credit card shake-up will be complete this month with all providers set to stop penalising those who spend on their plastic after making a balance transfer.

American Express will hit tens of thousands of cardholders with a £36 annual fee or interest rate hikes in the new year.

Banks have been ordered to stop harassing consumers with heavy handed threats for the non-payment of relatively small debts.

A major credit card shake-up starts tomorrow with MBNA set to end a long-standing stealth charge that penalises those who spend on their card after making a cheap balance transfer.