APACS Re-launches Credit Card Advice Website
 The UK payments association, APACS, has launched an updated version of its website choosingandusing.com. As well as being designed to provide consumers with the necessary information to make informed decisions when choosing credit cards, the updated site will have downloadable guides to choosing the right credit card as well using them. The website will also keep consumers abreast of the latest news on credit cards and their key features.
Since its launch in July 2005, the site has helped consumers understand the choices available to them when choosing a credit card as well as the benefits and risks inherent when dealing with credit cards. The site has roughly 3,000 visitors a month and provides links to 180 other websites including fsa.gov.uk.
The updated site includes new advice and additional information for consumers such as:
- How interest is calculated
- Understanding the summary box
- A credit card comparison tool
- Understanding your statement
- Information on card protection agencies
- A glossary of credit card terms
- Identity fraud
- Chip and Pin
There are also guides that can be downloaded:
- Choosing a credit card
- Using a credit card
 Sandra Quinn, Director of Communications at APACS, says: “ Even though our research shows that 82 per cent of credit card holders understand the costs and charges on their cards, and 89 per cent believe they manage their credit cards responsibly, there are of course people who would benefit from, or would like, more information and clear advice on how to select and manage their cards. Over the past year choosingandusing.com has not only made valuable and impartial advice available to many thousands of consumers but also third parties offering consumer advice. In fact visitor feedback has really helped us with many of the changes we are launching today and we hope this additional and updated information will ensure it’s useful to many people.
“ As an industry we are committed to improving consumers’ understanding of credit cards and encouraging responsible borrowing.”
As well as providing impartial advice on credit cards, choosingandusing.com aims to provide advice on how to manage personal finances as well as providing advice on how to deal with debt if you are experiencing financial difficulties.
Alisdair Milton
17th
May 2006
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