Thursday, November 27, 2014

Not All Credit Card Comparison Shopping Sites Created Equal

By Clark Howard
Sept. 8, 2014

The banksters are at it again. The Wall Street Journal says there's dirty dealings going on, with many popular credit card comparison sites lying to you when you go to pick the best credit card.

Following the CARD Act of 2009, comparison shopping for credit cards became so easy; the whole thing was made to order for the Internet. So people set up slews of credit card comparison shopping sites.

But The Wall Street Journal reports the banks that control the bulk of our nation's credit card portfolio have intimidated the credit card shopping sites with threats of lawsuits if they publish a bad review and by dangling advertising dollars in front of them for top billing on those sites.

The fix was in. And little by little, one site after another became worthless if you were looking for objective recommendations. Now when you go on line to a comparison site, in many cases, the info is manipulated.

Six popular sites show credit cards that they get paid to show, according to the newspaper report. This is some ugly, crooked, dishonest stuff. And it completely perverts the original intention of the sites.


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