Shopping around for credit card deals ‘vital’
December 1, 2007 by admin
Filed under News, News-Credit-Cards
Consumers are advised that carefully considering their options is extremely important when it comes to credit card deals.
With pressure being felt on the UK economy after the credit crisis, it is “more important than ever that people should shop around”, according to Cathy Neal, senior researcher for Which?
“Even if you’ve got the best credit card today, keep checking it every two months to make sure that it still is one of the best – and switch if your card has changed significantly since you took it out,” she advised.
Shoppers would be best using their credit cards on higher cost purchases as they will have better protection, although they must also take into consideration how they are going to repay their balance, she continued.
This Christmas, 76 per cent of Brits plan to spend around the same amount or more on their gift purchases than they did last year, with average spending at £397 per person in 2006.
Meanwhile, 29 per cent confess that their financial situation is tighter this year owing to the credit squeeze.
