{"id":2676,"date":"2016-07-04T14:30:34","date_gmt":"2016-07-04T14:30:34","guid":{"rendered":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/?p=2676"},"modified":"2024-11-26T17:49:37","modified_gmt":"2024-11-26T17:49:37","slug":"50-years-of-credit-cards","status":"publish","type":"post","link":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/2016\/07\/04\/50-years-of-credit-cards\/","title":{"rendered":"50 years of credit cards"},"content":{"rendered":"<p><span style=\"color: #000000;font-family: Calibri\">Its 50 years since people started using credit cards in the UK with the issue of the first Barclaycards. The <\/span><a href=\"http:\/\/www.bbc.co.uk\/news\/business-36518248\"><span style=\"color: #0000ff;font-family: Calibri\">BBC has a fascinating social history feature.<\/span><\/a><\/p>\n<p><span style=\"color: #000000;font-family: Calibri\">For more in-depth resources try these recommendations!:<\/span><\/p>\n<p><a href=\"http:\/\/www.theukcardsassociation.org.uk\/history_of_cards\/index.asp\"><span style=\"color: #0000ff;font-family: Calibri\">UK Card Association<\/span><\/a><span style=\"color: #000000;font-family: Calibri\"> has a timeline of key events including introductions and milestone figures.<\/span><\/p>\n<p><span style=\"color: #000000;font-family: Calibri\">For history of specific cards see:<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.dinersclub.com\/about-us\/history\"><span style=\"color: #0000ff;font-family: Calibri\">Diners Club.<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.home.barclays\/about-barclays\/history\/barclaycard.html\"><span style=\"color: #0000ff;font-family: Calibri\">Barclaycard history<\/span><\/a><span style=\"color: #000000;font-family: Calibri\"> and history timeline.<\/span><\/li>\n<\/ul>\n<p><u><span style=\"color: #000000;font-family: Calibri\"><br \/>\nHow much are credit cards currently used?<\/span><\/u><\/p>\n<p><span style=\"color: #000000;font-family: Calibri\">UK Card Association has c<\/span><a href=\"http:\/\/www.theukcardsassociation.org.uk\/2016-facts-figures\/index.asp\"><span style=\"color: #0000ff;font-family: Calibri\">ard expenditure statistics 2016<\/span><\/a><span style=\"color: #000000;font-family: Calibri\">.\u00a0 Find out how much the usage of contactless cards is growing, total transactions, average per household and expenditure by sector\/ type.<\/span><\/p>\n<p><a href=\"https:\/\/www.bba.org.uk\/news\/press-releases\/may-2016-figures-for-the-high-street-banks\/#.V3OS36LK0fA\"><span style=\"color: #0000ff;font-family: Calibri\">British Bankers Association statistics on high street lending<\/span><\/a><span style=\"color: #000000;font-family: Calibri\"> has some general data on household borrowing levels including mortgages and consumer credit.<\/span><\/p>\n<p><span style=\"color: #000000;font-family: Calibri\"><a href=\"http:\/\/www.paymentsuk.org.uk\/\">Payments UK\u00a0<\/a> has some data on the way in which payments are made which traces a growing trend towards debit and contactless cards.\u00a0 It records that the average UK adult made 648 payments during 2015, which equates to 54 payments each month; 27 in cash, 16 by debit card,\u00a0 6 direct debit,\u00a0 4 credit card, 2 contactless, 1 faster payments, 0.7 standing order and 0.5 by cheque.<\/span><\/p>\n<p><span style=\"color: #000000;font-family: Calibri\">There is a free <\/span><a href=\"http:\/\/www.paymentsuk.org.uk\/sites\/default\/files\/publication-free\/UK%20Payment%20Markets%20Summary%202016.pdf\"><span style=\"color: #0000ff;font-family: Calibri\">summary on the website of 2015 transactions,\u00a0 with\u00a0 future predictions<\/span><\/a><\/p>\n<p><u><span style=\"color: #000000;font-family: Calibri\">Areas of concern for consumers.<\/span><\/u><\/p>\n<p><span style=\"color: #000000;font-family: Calibri\">The <\/span><a href=\"https:\/\/ccms.the-fca.org.uk\/\"><span style=\"color: #0000ff;font-family: Calibri\">Financial Conduct Authority<\/span><\/a><span style=\"color: #000000;font-family: Calibri\"> is currently conducting a review into the operation of the market and if it is fair to consumers. The interim reports covers whether consumers are able to shop around when choosing cards and the extent and nature of problems relating to credit card debit.<\/span><\/p>\n<p><a href=\"http:\/\/pwc.blogs.com\/files\/precious-plastic-2015_final.pdf\"><span style=\"color: #0000ff;font-family: Calibri\">PWC report Precious Plastic<\/span><\/a><span style=\"color: #000000;font-family: Calibri\"> published in 2015 examined overall levels of household borrowing and debt but found in 2015 that there was a confidence amongst consumers that they could meet repayments.<\/span><\/p>\n<p><span style=\"color: #000000;font-family: Calibri\">However debt advice charity <\/span><a href=\"https:\/\/www.stepchange.org\/debtview\/debtview\/atlas.html\"><span style=\"color: #0000ff;font-family: Calibri\">Stepchange has a debt atlas<\/span><\/a><span style=\"color: #000000;font-family: Calibri\"> which\u00a0 records growing numbers\u00a0 of consultations. It records data by region, sex and amount owed. <\/span><\/p>\n<p><a href=\"https:\/\/www.ons.gov.uk\/peoplepopulationandcommunity\/personalandhouseholdfinances\/debt\/articles\/householddebtinequalities\/2016-04-04\"><span style=\"color: #0000ff;font-family: Calibri\">The Office of National Statistics<\/span><\/a><span style=\"color: #000000;font-family: Calibri\"> has also recording growing rates of household debt. In April 2016\u00a0 it stated that \u2018The most common form of debt was credit or store cards, with 45% of individuals having such debt\u2019.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Its 50 years since people started using credit cards in the UK with the issue of the first Barclaycards. The BBC has a fascinating social history feature. For more in-depth resources try these recommendations!: UK Card Association has a timeline of key events including introductions and milestone figures. For history of specific cards see: Diners [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[342,137,93],"class_list":["post-2676","post","type-post","status-publish","format-standard","hentry","category-economics","category-finance","tag-credit-cards","tag-debt","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts\/2676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/users\/89"}],"replies":[{"embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/comments?post=2676"}],"version-history":[{"count":1,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts\/2676\/revisions"}],"predecessor-version":[{"id":2677,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/posts\/2676\/revisions\/2677"}],"wp:attachment":[{"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/media?parent=2676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/categories?post=2676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staffblogs.le.ac.uk\/socscilibrarians\/wp-json\/wp\/v2\/tags?post=2676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}