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Credit card comparison 'more important than ever'

Credit card comparison 'more important than ever'

Category: Credit cards

Updated: 31/10/2008
First Published: 24/10/2008

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Consumers have been advised to carry out a credit card comparison in order to find the best value offers available.

Research by Which? found that more than a quarter of people choose a provider because they already have another financial product with the company.

But the advice firm noted that this could mean credit card holders are wasting money, as shopping around can lead to better deals.

Editor of Which? Money Martyn Hocking noted that the credit crunch means it is now "more important than ever" that consumers get value for money.

And he added: "The difference between the worst and the best credit cards can be substantial, so it's worth doing your homework."

Earlier this week American Express advised consumers to pay for household bills with a reward credit card rather than a debit card, in order to earn hundreds of pounds of free cashback each year.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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