CONFUSED.COM LAUNCHES UK’S FIRST CREDIT CARD CHECKER

New tool from comparison site allows consumers to check their likelihood of acceptance for specific credit cards before they make an application Comparison website Confused.com has today announced the launch of a new credit card checker tool, which will allow customers to check the likelihood of being accepted for a specific credit card before making a full application. The unique service is the first available in the UK of its kind, with other ‘searches’ providing results for a selected group of cards, rather than the specific card a customer may be interested in. The new tool, which is available for use from 22nd October, will benefit consumers who already know which specific credit card they would like to apply for, but who are concerned about the impact of a failed application on their credit file. The tool, which is completely free to use, performs an administrative check of the customer’s credit profile, which does not leave a detrimental search footprint, to assess how likely they are to be accepted, providing a likelihood acceptance out of ten. The new tool complements Confused.com’s existing Card Matcher tool, which works in a similar way, displaying multiple results to customers who know what they want to use the card for, but who are unsure of precisely which specific card best fits their profile and needs. Chris Griffiths, head of credit cards at Confused.com, said: “With such a wide range of credit cards available on the market, it can be understandably difficult to pick the right card without any help. Our new Card Checker tool allows customers to see how likely they are to be accepted before they commit to making a full application, which if declined could have a detrimental effect on applications in the future. “By using our tool customers can get an idea on the right products for them, without risking damaging their credit profile. Where customers find they are unlikely to be accepted for their first choice the tool will display more suitable alternatives. Where a card with more attractive rates or features, which the customer is eligible for, is available it will also be displayed. “Whether considering a new card to spread the cost of Christmas purchases or planning to take advantage of a low rate or long 0% balance transfer period, using our free tool can help customers in making the final decision of which card to opt for.” Ends For further information: Confused.com press office pressoffice@confused.com Zoe.stevens@confused.com 02920 434393 Notes to editors The credit checker tool is available at: www.confused.com/credit-cards About Confused.com Confused.com is one of the UK’s biggest and most popular price comparison services. Launched in 2002, it generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance. Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com’s service is based on the most up-to-date information provided by UK suppliers and industry regulators. Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.