Credit card customers can help reduce their bills by switching to a new deal, according to one expert.
Michelle Slade, analyst at Moneyfacts.co.uk, explained that most people will have been hit by a rate rise from their credit card provider .
For this reason, people should shop around to see if they can get a better deal, she stated.
"If you now find yourself with a debt on your card and you want to cut down your monthly repayments, the best option is a balance transfer," Miss Slade said.
People should be able to find a zero per cent credit card deal or, if they are planning to pay the sum they owe offer over a longer period, a life-of-balance deal, she added.
Last month, Fool.co.uk reported that there are more than 90 zero per cent balance transfer deals currently on offer to credit card customers.
A total of seven credit cards did not charge interest for a total of 14 months, the finance website found.
News Side
Credit card customers should switch for savings
Tue, 12 Aug 2008
Recommended links
Cheap rate credit card dealsCredit card search and compare tool
Compare credit card deals
Compare balance transfer credit cards
Compare 0% credit cards
Credit cards - what to look for
Flexible borrowing
Credit card customers will switch balances
5.9 million switch credit cards in hunt for best deal
news content
Search
