Press Release: Credit Card Recommendation Service

Contact:

Karen Navarre
Group SJR for Credit Sesame
creditsesame@groupsjr.com
Phone: 646.495.9721

Sunnyvale, CA – February 15, 2012 – CreditSesame.com (www.creditsesame.com[1]), the fast-growing personal finance and credit education resource site, announced findings today that reveal consumers are still missing out on credit card savings despite numerous services available to help them. Because choosing the right credit card can be complicated but shouldn’t be, Credit Sesame also announced the launch of its credit card matching service that will help consumers find the card that’s best for their financial situation. Credit Sesame takes the guesswork out of finding the right credit card by analyzing the consumer’s existing financial profile, goals and credit score to provide credit card recommendations best fit for their individual needs.

The study analyzed over 1.6 million existing credit card accounts and found two distinct groups of cardholders—those interested in saving money through the best rates and those interested in the best rewards program offers:

  • 69% elected to save money via a card with a lower interest rate
    1. Annual potential savings for those electing lower interest rates: $340
    2. Annual potential savings over 3 years ($1,021)
  • 18% elected to earn cash back and other rewards features
    1. Annual potential earnings for those electing rewards cards: $79

With post-holiday spending and consumer credit card debt reaching $801 billion dollars according to Federal Reserve data, it’s more important than ever to have the right card for your wallet. “Unfortunately, many consumers are leaving money on the table by using credit cards that are simply not a good fit for them,” said Credit Sesame founder and CEO, Adrian Nazari. “Our goal is to make credit cards and personal finance choices simple — to save consumers time and money – and empower them to make smart financial decisions, tailored to fit their individual finances and lifestyle.”

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