Credit card headline rate "most important thing"

The headline rate of a credit card has been described as the most important thing to consider when taking one out.

Money charity Credit Action has commented that the annual percentage rate should be the first aspect of a new card considered when people look for deals.

According to Chris Tapp, director of the firm, shopping around will take little longer, but it is a worthwhile thing to do.

"It is an action that will require a bit of time and effort, just as when you are buying a new car. You do not just compare one aspect of the car," said the official.

This comes as research from MoneyExpert.com has underlined the extent to which Britons rely on plastic.

According to the body, 3.2 million people have five or more credit cards.

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