Cuts to interest-free period by credit card providers

Paul Green, Head of Communications, Saga Group Ltd, commenting on research by uSwitch.com that some credit card providers are to shorten the interest-free period offered on their credit cards, said: "At a time when many people are trying to economise it is a shame that some credit card providers are trying to pass on increased costs to hard-pressed consumers in what some might call an under-hand manner.

Some may be prepared to short-change their customers - but Saga has no plans to cut the 55 interest-free days available on purchases made with the Saga Platinum Visa Card. In addition we are committed to retaining a fair order of payment that ensures that after interest and fees are paid the most expensive debt is cleared first."