Friday, August 31, 2007

Consumer Reports: Credit unions best for credit cards

The revered consumer watchdog group Consumers Union in its October Consumer Reports publication said credit cards issued by credit unions received the best marks overall in a survey of 36,000 cardholders nationwide. According to the report:
Credit unions are run by members, so they have a vested interest in providing credit at very low rates. And they are more focused on keeping their members happy, while banks have to worry more about keeping their investors happy.

And the press is taking note:
> The best and worst credit cards [CNNMoney]
> Banks get low scores in credit card poll [Contra Costa Times]
> Report: Card deals better at credit union [The Oakland Tribune]

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