Get smart over credit card deals

WITH Britain braced for a £60bn Christmas shopping spree in November and December and personal debts already totalling £1.2 trillion, many consumers will have to be smart with credit cards to avoid deeper debts by New Year's Day.

Maybe we are not as smart as we think. Finance website moneysupermarket.com says only 11% of card holders seek out a "0% on purchases" offer when applying for a new card - and suggests consumers wasted £1.7bn on credit card interest charges in the past two years.

Says Andy Britchford, at financial services data agency Moneyfacts: "Every day we are bombarded with adverts for best deals and tempting offers, but not everybody uses a card in the same way. The features we want in a credit card deal can be very different."

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