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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.

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6 January 2010

Credit card lending increased in November”

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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.

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

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Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
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