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Want to stay informed about latest events in credit card industry? Feel free to browse through the most breaking credit news at our site! The team of our experts highlights the most touching credit issues that are really significant for card holders! Take a minute to read hot credit news!

Millions of Britons are buying holiday trips to sunny places in Eastern Europe this autumn. The gloomy summer of 2008 drove people to seek warmth and sun in Spain, Canaries, as well as Latin America and Africa and spend billions of pounds on related expenses. Surprisingly enough but only a small percentage of the travelers pay the cost of the ticket and services of an airline with cash. While the concern that a single trip put on a credit card may result in a life-time debt is not pointless, there is another important issue to consider. Due to the increasing incidents of trip cancellations and airlines' bankruptcies, lots of holidays already paid for were ruined and consumers lost their money for good.

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UK major travel and payment companies, ABTA and Apacs, have teamed up to work out a booklet guide (Payments Abroad) for frequent travelers abroad, devoted to a most efficient and safe use of non-cash payment tools there. Research estimates that last year Britons accounted for approximately 309 million of UK-based card transactions, which makes up almost half of all spending overseas. No wonder, plastics were recognized as the most convenient tool for making purchases abroad, and not only that. The so popular travel-associated rewards programs available on many UK Visa and MasterCard products won travelers' hearts and steadily occupy top of their wallets.

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