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Credit card lending increased in November

Credit card lending in the UK increased by £0.2 billion in November last year, according to new figures from the Bank of England.

More from Trends and Analysis
6 January 2010

Credit card lending increased in November

However, other loans and advances decreased by £0.6 billion, the new statistics show.

In news that may suggest Bank of England attempts to increase lending may be working, total net lending to individuals rose by £1.1 billion in November.

Net lending secured on dwellings increased by £1.5 billion, higher than the increase of £1.1 billion seen in October.

Those looking for a reward credit card with a competitive rate may want to consider the M&S credit card, which allows users to collect points which can be used instore.

The rate on the card is 15.9% APR typical variable.

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Best Buy Credit Cards

Credit Cards Balance Transfers Purchases APR Representative (Variable)
Tesco ClubCard Purchases Credit Card Logo Tesco Bank Logo Tesco ClubCard Purchases Credit Card Apply
 0%
9 months
2.9% fee
 0%
18 months
 
16.9%
Representative Example: The annual purchase rate is 16.9% p.a (variable) so if you spend £1200 your representative apr will be 16.9% p.a (variable)
Barclaycard Platinum With BT (27 Mths) Logo Barclaycard Logo Barclaycard Platinum With BT (27 Mths) Apply
 0%
28 months
3.5% fee
 0%
6 months
 
18.9%
Representative Example: The annual purchase rate is 18.9% p.a (variable) so if you spend £1200 your representative apr will be 18.9% p.a (variable)
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