Credit Cards news in 2025
5 stories, newest first.
- November 2025
PayPal launches UK debit card, credit card and PayPal+ loyalty scheme
PayPal has launched a UK debit card, a credit card and a points scheme called PayPal+, with rewards of up to 1.5% on selected purchases at the higher tiers.
Annual growth of credit card borrowing reached 12.1%, the highest since January 2024
Bank of England data show annual growth in credit card borrowing rose to 12.1% in November 2025, the highest since January 2024, as consumer credit and mortgage borrowing both increased.
- September 2025
Annual growth rate for credit card borrowing rose to 10.8% in September 2025
The Bank of England's September 2025 money and credit figures show annual growth in credit card borrowing rising to 10.8 per cent, as mortgage borrowing reached its highest monthly level since March.
- July 2025
Santander UK increases credit card standard interest rates
Santander UK is raising standard interest rates on credit cards from July 2025 for customers who have been told their rate is going up, with a 60-day window to reject the change.
- March 2025
Final report of card scheme and processing fees market review published
The Payment Systems Regulator has published the final report of its market review into card scheme and processing fees, finding Mastercard and Visa raised core fees by at least 25% since 2017.