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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
- Article from:
- CCNMatthews Newswire
- Article date:
- July 25, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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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 ...