Credit cards

Up to 125,000 Tesco Bank credit card customers could see their minimum repayments rise by £20 a month on average from March, in a move the lender says is a bid to combat persistent debt. For many, higher repayments are a good thing, as you clear debt quicker and pay less overall, but it can also hit cashflow and give you less flexibility. Here's what's happening and what to do if you're struggling

29 January 2021

Some Barclaycard customers could see the minimum monthly payment on their credit card jump sharply – in some cases by more than 50% – as part of a major overhaul that kicks in today. Higher repayments mean you clear debt quicker and pay less interest overall, but it can hit cashflow. Fees for UK cash withdrawals and busting credit limits have also been scrapped, plus a block on gambling introduced

26 January 2021

Virgin Money is axing its online services for credit card customers on 31 January, with borrowers encouraged to manage accounts using the provider's app instead. Here's what's happening and what you can do about it - particularly if you don't have a smartphone

14 January 2021

MBNA credit card customers who agreed a payment holiday because they are struggling due to coronavirus have been mistakenly sent text messages chasing 'overdue' payment. If you're received one of these texts you can safely ignore it – so long as you're sure your payment holiday has been confirmed

23 April 2020

The financial regulator has written to credit card firms telling them to review how they treat customers in 'persistent debt'

3 February 2020