Millions sticking with credit card providers

Published on 7 January 2010 by Raffick Marday

<br />   HSBC stated only HSBC current account customers will be able to obtain a credit card from the bank.<br />Switching credit card provider could help families save money this year.

That’s according to new research which found 20 million Brits stuck with the companies providing them everyday financial services despite the recession.

Only one in ten people changed their credit card provider in 2009, which means millions of households could be paying more than they should in interest rates and feeds.

Meanwhile a quarter of people in the UK say they urgently need to find a way of cutting the cost of living this year.

Experts say changing credit card company alongside things like utility companies and insurance providers could be a way of achieving that for many families.

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