Swedish checkout credit colossus Klarna is not just Europe’s most valuable start-up at an estimated $31billion, it’s a verb too. Rather than pay for something upfront using their debit card or put a big purchase on a credit card, increasing numbers of shoppers, especially younger ones, instead choose to ‘Klarna’ it. That can mean paying … Read more
Checkout credit providers have been accused of making it too easy for young people to get into financial trouble, after research found they often didn’t realise they were taking on debt. A survey of 2,700 users of buy now, pay later services like Clearpay, Klarna, Laybuy, Openpay and PayPal found more than half of 18-34-year-olds … Read more
SIMON LAMBERT: My credit card limit is back to where it was when I earned £80-a-week as a barman in the Alps – thanks Barclaycard By Simon Lambert for Thisismoney.co.uk Published: 06:00 BST, 22 April 2021 | Updated: 06:00 BST, 22 April 2021 Barclaycard has spectacularly shot itself in the foot. For some unexplained reason … Read more
Shoppers are cutting up their credit cards after paying off vast amounts of debt with lockdown savings while providers rein back spending limits and offers. Credit card Titan Barclaycard is facing a mass exodus of loyal customers after butchering the credit limits of more than 100,000 spenders by up to 99 per cent – with … Read more
Barclaycard customers have called on it to reverse heavy-handed credit card limit cuts hitting cardholders whose financial circumstances have remained steady – or even improved – over the last year. This is Money received a deluge of responses from readers by email and on social media after we reported on the growing backlash against the … Read more
The current account switching battle is simmering away with HSBC now offering a £20 Uber Eats takeaway bribe on top of its £125 cash incentive. HSBC relaunched its cash bonus fir joining in February just months after suggesting customers could have to pay for current accounts. This latest move to offer a total of £145 … Read more
Barclaycard has been caught in a customer service firestorm as it tries to defend slashing the limits of some loyal credit card customers by 90 per cent or more. Stories of limits being slashed emerged last week, with those longstanding customers affected who had never missed a payment angered by the proposed moves and saying … Read more
Barclaycard has been caught in a customer service firestorm as it tries to defend slashing the limits of some loyal credit card customers by 90 per cent or more. Stories of limits being slashed emerged last week, with those longstanding customers affected who had never missed a payment angered by the proposed moves and saying … Read more
Plans to regulate Britain’s booming £2.7billion buy now, pay later industry will be released within weeks, This is Money understands. A consultation on draft regulation affecting platforms like ClearPay, Klarna, Laybuy and PayPal is expected to be published in early May, after an amendment to credit legislation was passed in parliament this week. A Financial … Read more
Barclaycard cuts customers’ spending limits by as much as 80% even if they have never missed a payment By Fiona Parker For The Daily Mail Published: 22:01 BST, 13 April 2021 | Updated: 23:17 BST, 13 April 2021 Barclaycard has slashed credit limits by thousands of pounds, leaving some customers with half the spending power … Read more