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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