Consumers in the month of November went after 0 percent credit cards from various credit card issuers. The number of applications rose about a quarter in the last month compared to previous months and years. Credit cards who offer an interest free period for purchases also saw an increase for their applications. A 15.6 percent rise for people applying for cards rose since November 2007.
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In the UK and Ireland credit cards are worrisome. Many customers are trying to ease their debts only to find they are getting more expensive credit cards. Research conducted this year shows 16 cards have increased their annual percentage rate. 12 cards have also increased the cash withdrawal services. (more…)

In years past Christmas has been a time for retail shops to rejoice, even if the year has been slow. Unfortunately as the credit crunch gets worse in Ireland it could be the worst season in years. Credit cards are not going to be used this year by many consumers. They have too much debt, and the current interest rate hikes to Ireland credit cards is creating a problem. (more…)

A recent study from the Irish government has concentrated on looking at the credit market as a whole. They have analysed the mortgages as well as credit card industries to see what is happening due to the current economic crisis. Ireland has found their mortgage rates have slowed to a 22 year low, but they are also showing about 9.3 percent of a downturn in credit cards. (more…)

Consumers realise that credit cards have a high interest rate and that they can no longer go out and spend as much as they want. This realisation may be a little too late for some card holders, but for others it could be a great thing. The recession in Ireland combined with the high rate of credit card debts and lower income have made changes a necessity. (more…)

A question was recently raised regarding credit cards and whether you should either carry your ID or have the company place your photo on the actual card. This is not a new question though. (more…)

Many credit card companies around the world are attempting to fight their own credit crisis. Of course this may make the consumer bitter as it is the high interest rates charged that makes paying the card off difficult. The credit card changes that are occurring have everything to do with raising interest rates, changing credit limits, and closing defaulted accounts from further use. (more…)

Consumers in Ireland have been continually searching for new credit card deals. Though consumers realise they can no longer just go out and spend what they want and pay later, it doesn’t help with the current economic crisis. They are in need of some way to pay their debts off, but without making it worse. (more…)

How will the current budget crisis that has Ireland fearing the worst affect their credit and their credit cards? The woes have now become public and it will cause problems for the current party in power just as it has elsewhere in the world. When people see their pension funds in jeopardy and the banks as well, they fear their lives will be battered as well. (more…)

As long as the banking crisis in the world continues to do poorly, there is no hope for Ireland to get out of its recession. The US, Europe and UK have to make decisions to help restore confidence in the banking system as a whole, or else it can take a lot longer for families to see an ease to their suffering. (more…)