New credit card rating service

Thursday 12 August 2004

With New Zealanders paying $500 million to their credit cards each year in interest payments alone, the convenience of using a credit card is costing cardholders many tens of millions of dollars a year more than it need do.

By The Landlord

This according to CardWatch, a free ground-breaking new credit card research and ratings service launched today by FundSource, the investment research company.

CardWatch General Manager Tim Anderson says that if card holders had been able to compare credit card rates and features and shopped around, last year alone they could have saved more than one third of their card costs or some $200 million dollars in interest payments.

CardWatch aims to allow consumers to do just that.

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