Far from being a nation of ‘rate tarts’ swapping from one credit card zero interest deal to another, Britain is showing itself ready for long-term commitment to one credit card company.
Morgan Stanley’s credit card index has revealed that most consumers stay with their card provider for more than six years before switching.
Just eight per cent of the UK’s 30 million cardholders are looking for a new deal in the next three months, according to Morgan Stanley.
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