Credit Card News Right Credit Card Deal Priceless 17107109

Right credit card deal priceless

03 May 2006
The latest quarterly review by finance resource reveals that consumers are wasting hundreds of pounds a year by not shopping around for the best credit card deal.

Intense competition between card providers means that some customers could save £647 a year by switching, £106 more than the annual savings possible during the same period in 2005. This is based on an outstanding credit card balance of £3,500.

Many credit card users will also have been stung by balance transfer charges now imposed by most banks, many of which lost out to so-called ‘rate tarts’ making the most of zero per cent deals.’s Robin Amlot, commented: “Consumers are used to shopping around for bargains when it comes to groceries, electrical goods and gadgets – it’s time more of us got used to the idea that we can shop around for our financial services as well.”

The quarterly review found that by switching from the near-worst financial products to the near-best, a typical consumer could make savings of £4,117.39, which is £143.10 more than during the first quarter of 2005.

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track© Adfero Ltd

Written by Editorial Team