Credit card use fell sharply in 2010, report shows
News from MyFinances.co.uk:

Credit card use fell sharply last year

Monday, June 27, 2011 10:49 AM

UK consumers’ credit card use dipped sharply in 2010 as they thought “harder” about whether they wanted to get into debt, according to a new report.

The latest British Retail Consortium (BRC) payments survey revealed the proportion of transactions using credit cards fell by 12.9 per cent over the course of last year compared with 2009.

Meanwhile, the proportion involving debit cards rose by 15.8 per cent and the average amount spent in cash transactions increased by 13 per cent to £12.93.

The survey analysed results from nearly eight billion transactions in-store and online, accounting for 60 per cent of total retail sales i…………… continues on MyFinances.co.uk
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Five questions to ask before applying for a new credit card
News from e-wisdom.com:

Consumer-focused changes to credit card regulations can help clarify your account agreement and eliminate some formerly troubling fees and practices. But, these changes should not strongly motivate you to apply for one or more new credit cards.

CARD Act Changes

Signed into law in 2009, but implemented in early 2010, the CARD (Credit Card Accountability, Responsibility and Disclosure) Act helps card holders save some money and better understand the terms of their account agreements. When you compare credit cards, you’ll see that issuers are now prohibited from increasing interest rates on old balances, charging “unreasonable” late or other fees, and mandated to disclose key terms in your account agreement in large, bold fonts.

Credit card offers are now easier to understand and evaluate. However, credit card deals still require that you read and comprehend the offers. For example, looking for good
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