We are currently busy working on two projects, one for Credit Cards Canada and the other Credit Card Directory. Both sites are being designed so the user can compare Canadian interest rates with ease. With the minister of finance releasing new credit card regulations to improve protection for consumers it makes getting the interest rate data easy. Close to 25 million Canadians have credit cards and knowing all the facts from day one will help them compare and find the right card.
Understanding interest rates, fees and increases to monthly payments are key challenges to lots Canadians when managing their credit cards. We hope to contribute to financial literacy by bringing clearer and more transparent information to consumers so they can make the right choice.