Cautious approach to credit cards from consumers
News from BBC News:

The figures on lending to individuals in the UK are released by the Bank every month

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Credit card lending in April recorded its biggest monthly contraction since August 2006, Bank of England figures show.

Repayments outstripped new borrowing by £118m, although lending through loans and overdrafts grew.

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Do consumers now prefer travel rewards?
News from Debtmerica Relief:

These days, millions of Americans are seeking new types of accounts that will reward them more handsomely for taking on credit card debt, and some of the most popular cards now have increased rewards for airline miles and other travel arrangements.

The airline and hotel industries alone now issue more than $ 50 billion worth of credit card rewards points and miles to consumers as a larger number are now on the lookout for more valuable benefit programs, according to a report from the luxury travel company Alpha Flight Guru. In many cases, the accounts being issued nowadays grant consumers as much as 5 percent rewards – that is, they earn 5 cents worth of points or miles back for every dollar they spend on the account.

Many lenders are also adding non-rewards incentives as well, the report said. These include the ability to go through members-only security lines with shorter waits, or no baggage f…………… continues on Debtmerica Relief

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