Majority have had credit card limits upped without asking

Compare tariffs and switch energy supplier in minutes

 
Compare energy deals and switch supplier to cut your energy bills by £447* a year - start saving money in a matter of minutes!

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

A new survey claims that over 70 per cent of credit card users have had their credit limits increased without their knowledge.

62 per cent had also been sent credit card cheques without asking for them, according to Which? Money.

The magazine found the latter point a cause for concern, insofar as credit card cheques incur higher charges than normal credit card use.

Moreover, the research found that 28 per cent of credit card users had chosen their particular cards just because they already had financial products with the provider.

Martyn Hocking, editor of Which? Money, said: "You should choose a credit card according to your spending habits and how much you repay each month.

"If you hold a card simply because you have another product with that provider or for reward scheme points then watch out - you're unlikely to be getting the best deal."

Only 21 per cent of those questioned said that they had selected a particular credit card because of an associated reward scheme.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more