Article: FCAC: One-Third of Canadians don't Know the Interest Rate that Applies to Their Main Credit Card Agency updates on-line interactive tool that allows consumers to examine and compare the rates and features of 200 credit cards

OTTAWA, ONTARIO--(CCNMatthews - July 25, 2007) - Today, the Financial Consumer Agency of Canada (FCAC) issued a reminder to consumers about the importance of knowing the costs that apply to their credit cards, citing new survey findings that approximately one- third of Canadians don't know the interest rate on their main credit card. The reminder came as FCAC announced the latest update to the database for the Agency's on-line comparison tool and information kit Credit Cards and You.

Earlier this month, FCAC published the findings of its most recent national survey, which assessed consumers' knowledge of financial products and services. "Unfortunately, our findings suggest that a sizeable ...

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