Credit companies bring in tighter deals
Experts have warned that credit card providers are likely to start cutting the length of time before customers have to pay up.
Concerns have been raised after Barclaycard recently reduced by six days the time given to make payments interest-free.
As the UK's largest credit card company with more than nine million customers, it is believed that where Barclaycard leads, others users tend to follow.
Andrew Hagger, head of press and news at Moneyfacts, said card companies are currently under pressure with the amount of people chasing zero sum deals, and they are resorting to new ways of to boost their profits.
He commented: 'They are losing money from two sets of people. There are the people who chase zero percent deals. The other end of the scale is people defaulting on their debts.'
A spokesman for Lloyds TSB said that in the light of stricter conditions coming in, it is becoming increasingly important for consumers to shop around and make informed choices about the best deals.
'If you pay off the balance each month and a large number of people do, then it could well be worth looking at the rewards schemes offered,' he commented.
Look online to find the most up-to-date information about the best buys in credit card offers. | 
