Financial Consumer Agency of Canada

Financial Consumer Agency of Canada

March 29, 2007 17:05 ET

Financial Consumer Agency of Canada: Five Minutes is all you Need to Compare 200 Credit Cards

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OTTAWA, ONTARIO--(CCNMatthews - March 29, 2007) - Even if you are happy with the credit card you have now, wouldn't it be good to know if there's a card that's better for you? All you need is five minutes to compare 200 credit cards with the Financial Consumer Agency of Canada's (FCAC) on-line Credit Cards and You interactive tool.

"No matter what your financial situation, you might wonder at some point if you're using the credit card that best fits your particular needs. With our interactive credit card tool, you can find the answer with a few clicks of a mouse," said FCAC Acting Commissioner Jim Callon.

To compare credit cards in detail, consumers can visit _ FCAC's new consumer portal - which provides a quick link to the Agency's interactive tool Credit Cards and You, as well as to several other useful tools and publications.

FCAC's on-line credit card comparison tool provides information on the interest rates, rewards and features of 200 credit cards that are available in Canada. The tool is part of the Credit Cards and You information kit, which contains a wealth of information for consumers on how to use credit wisely, how to save money, how to protect themselves from credit card fraud and how to get the most from a credit card.

"The interactive tool Credit Cards and You lets you shop around without walking around. Once you've answered a few questions about your needs and about the credit card features that matter the most to you, the Web tool narrows your search to a list of credit cards that fit your profile. From this list, you can select several cards and view a detailed comparison of their features," Callon said.

Print copies of Credit Cards and You are also available free of charge by calling FCAC's Consumer Contact Centre, toll-free, at: 1-866-461-3222.

FCAC ensures compliance with the consumer protection laws and monitors compliance with the codes of conduct and public commitments that apply to banks and federally incorporated trust, loan and insurance companies. FCAC also provides consumers with accurate, objective information about financial products and services, and informs Canadians of their rights and responsibilities when dealing with federally regulated financial institutions.

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