RateSupermarket.ca launches new tool that will help assess credit card needs
TORONTO, July 15, 2014 /CNW/ - In the fickle world of personal finance, loyalty doesn't always pay off. Today, RateSupermarket.ca launches a new calculator tool that will help Canadians assess their current credit card needs and provide recommendations on whether they should break-up or cheat on their bank.
"We're often sold on the idea that keeping all of our products with one bank will pay off in terms of lower fees and better rates," says Kelvin Mangaroo, president, RateSupermarket.ca. "But with credit card providers making unique and compelling offers, you might be able to get a better deal with another lender whose card is more aligned with your shopping needs."
With so many products available in the marketplace, consumers should be actively seeking a card that fits within their lifestyle and spending profile. In fact, RateSupermarket.ca estimates that holding the wrong credit card could cost the average Canadian up to $1000 per year.
RateSupermarket.ca recommends the following tips when shopping for a new credit card:
About RateSupermarket.ca:
Over 7 million Canadians have found their best rate for personal finance products on RateSupermarket.ca. Launched in 2008, RateSupermarket.ca is Canada's most comprehensive rate comparison site, offering visitors transparent access to the best mortgage rates as well as credit cards, bank accounts, insurance quotes and GIC rates.
Image with caption: "RateSupermarket.ca (CNW Group/RateSupermarket.ca)". Image available at: http://photos.newswire.ca/images/download/20140715_C7662_PHOTO_EN_42087.jpg
SOURCE: RateSupermarket.ca
Contact:
Penelope Graham
PR Manager, RateSupermarket.ca
416-551-9445 ext 515
[email protected]
Share this article