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Cardeo is campaigning for better value credit for consumers

Better credit products will come from more market competition, when data sharing rules are updated and enforced.

Credit cards are so convenient – but not easy to manage. It’s hard to understand interest, and stay on top of payment dates and rate changes. It’s too easy to be hit with penalty fees, or get stuck paying high credit card rates. Switching isn’t always an option, and can end up costing even more.

Banks aren’t helping – breaking the law by not making our data properly accessible. Along with outdated rules, this stifles competition. Third-party providers like Cardeo are unable to help us save money as much as we’d like.

More than 60% of credit card providers are failing to free up our full account data through open banking – costing consumers millions, if not billions, of potential savings each year.