17 March 2018

UK banks launch credit card advice Web site

22 July 2005  |  4575 views  |  0 APACS  - choosing credit card site

The UK's Association for Payment Clearing Services (Apacs) has launched a new Web site designed to inform consumers of the choices, terminology and potential risks of borrowing money on credit cards.

Apacs says the 'Choosing and Using' site provides unbiased information to help people decide which credit cards best suit their needs, if they want to use them as a borrowing tool and whether or not they are the most appropriate choice.

The site also provides advice on managing money and details of help and support available for those experiencing financial difficulties.

Sandra Quinn, director of communications, Apacs, says: "The UK has one of the most competitive credit card markets in the world with around 1500 different cards to choose from, so selecting the right one can be a time-consuming process."

The banking industry has been accused by consumer groups and politicians of failing to clearly explain to customers the true costs and risks of borrowing on credit cards.

Quinn says the new Web site will provide a "handy one-stop-shop for consumers to help them make the best choices about using credit cards".

Apacs says its members have ensured the site gives advice and information on the full breadth of credit card products currently available.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Overseas fraud on UK plastic cards hits five-year low

Overseas fraud on UK plastic cards hits five-year low

15 June 2005  |  4882 views  |  0 comments
Banks back UK ID theft Web site

Banks back UK ID theft Web site

12 April 2005  |  8807 views  |  0 comments
Plastic card fraud to hit £500m

Plastic card fraud to hit £500m

01 March 2005  |  5250 views  |  0 comments
Apacs launches anti-phishing Web site

Apacs launches anti-phishing Web site

01 October 2004  |  10492 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit www.facebook.com/business/

Top topics

Most viewed Most shared
Augmentum Fintech raises £94m in IPOAugmentum Fintech raises £94m in IPO
11483 views comments | 25 tweets | 5 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
6213 views comments | 18 tweets | 17 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
6137 views comments | 8 tweets | 7 linkedin
Starling and TrueLayer integrate for open bankingStarling and TrueLayer integrate for open...
6060 views comments | 13 tweets | 9 linkedin
Capital One virtual assistant can now issue virtual card numbersCapital One virtual assistant can now issu...
5992 views comments | 12 tweets | 10 linkedin

Featured job

London, UK (or flexible)

Find your next job