Thursday February 20, 2020

NCA offers advice to Christmas credit card spenders

Credit card customers struggling with the effects of Christmas spending could make significant savings and be debt-free more quickly by switching credit card provider.

13th January, 2013

Credit card customers struggling with the effects of Christmas spending could make significant savings and be debt-free more quickly by switching credit card provider or increasing their monthly repayments, according to the National Consumer Agency.

Figures from the NCA indicated that interest rates available on credit cards currently range from 13.6 per cent to 22.7 per cent, meaning consumers with the same credit card balance could face widely varying interest costs.

However, switching to a lower interest...

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