Recent Study: Credit Cards in the United Kingdom
In 2013, there was a fall in the number of credit cards in circulation, of 3%, after the drop of 4% reported in 2012. However, credit cards fared better in terms of value and volume of transactions, which rose by 1% and 5%, respectively. The fall in the number of cards does not come as a surprise in the current economic climate, as consumers find it more difficult to obtain cards due to banks applying stricter criteria, and consumers are...
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