In a study carried out by Saga Insurance it has been found that the younger generation, especially males, are more likely to fall victim to credit card fraud.
Men under 50 are more likely to have several credit cards, making any fraudulent activity much harder to spot. It has also been shown that this sector of the market tend to carry themn all with them in their wallets. A Saga Insurance spokesman felt this was a worrying situation and urged people to take more care over their statements and also where they keep the cards.
He added that the younger consumer was probably less worried about credit card fraud, feeling it would not happen to them. However it has been shown that it can and does happen to people just like them so Saga Insurance are hoping the message will get through.
The changing face of our planet has brought interest in environmental issues very much to the fore, and nowhere more so than in the world of credit cards. Customers are looking to do something for the greater good in every aspect of their life now, which is why there is now a Co-op credit card that helps do just that.
The Co-op Think credit card donates 25 pence from every GBP100 spent to Cool Earth, an environmental charity that works to help regenerate the planet. Also, upon signing up for the card, the Co-op buys half an acre of rain forest in Brazil that will be protected and help manage carbon dioxide.
The Think credit card from the Co-op is also competitive financially, with an Annual Percentage Rate of only 12.9 percent. Ultimately a credit card should best suit financial requirements first, taking care of other matters are secondary. However this new Co-op credit card appears to have both bases covered.
The credit card market seems to be hotting up as companies aim to offer the best deals in order to win customers. The latest Capital One credit card is one such deal and is expected to be very popular.
As credit has become harder to source the natural outcome of this is less customers to go around the different credit card companies. Capital One and the many others out there are all looking to gain the customers that are left and so have to entice them with attractive deals. Consumers looking for a new credit card have never had it so good.
The Capital One offer includes zero percent on both balance transfers and purchases, meaning that consumers using the card do not have to worry about the interest payments for some time, a situation that, with the financial pressures hitting them right now, is a good position to be in.
