Simpler cards is a must

Michelle Slade, Personal Finance Analyst at Moneyfacts.co.uk, comments: “It’s heartening to see that the OFT is taking note of the Which? super complaint. Credit cards have become too complex, even for some within the industry, so what chance does the man on the street have?

“Credit cards have so many components which can make a deal competitive or not, so some simplification in this market is long overdue.

”Moneyfacts.co.uk, is in full support of the investigation. It’s about time consumers can get a fair and simple answer as to whether they are getting a good deal. Surely that’s not too much to ask?”