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CompareCards.com Launches Industry's First Fee Engine

CHARLESTON, S.C., March 12, 2013 (GLOBE NEWSWIRE) -- CompareCards is at it again - helping consumers understand the complexities of credit card terms and fees. A new tool, The Credit Card Fee Experiment, was launched on CompareWallet.com that easily displays the fees associated with various credit cards.

This tool is very unique in that it will involve over 100 credit card fees to compare. The Fee Engine is extremely user friendly and provides instant results on fees associated with 8 categories. Those categories include annual fees, balance transfer fees, cash advance fees, foreign fees, late payments, over limit fees, returned payment fees, and returned check fees.

"This is a great feature to provide consumers who are looking for instant results for fees associated with credit cards," said Chris Mettler, President and Founder of CompareCards.com. "Results are on one page and there's no extra information to dig through in order to figure out what consumers are being charged for."

The Credit Card Fee Experiment is a simple 3-step process. Once users access the page they will be prompted to select a "creature" - Visa, Mastercard, American Express, or Discover- and then drag the "creature" into the dish. Next, users choose one or more "fee mutations" to compare and drag those choices into the dish with the existing "creatures." Fees are automatically generated and the final step is to compare your options by dragging one credit card choice into one of the empty cups above. That can be done a total of three times to compare the fees associated with three credit cards.

The Credit Card Fee Experiment is the latest tool of the already existing tools you can find at Comparecards.com. Those include the debt payoff calculator, balance transfer calculator and a side-by-side credit card comparison tool for an unlimited number of card offers.

About CompareCards:

CompareCards.com was formed 12 years ago as a listing resource, but has grown to one of the most trusted credit card comparison sites used today. Users are able to compare credit card offers using a side-by-side comparison tool to find the best offer for them based on different categories. CompareCards is dedicated to helping users search for the best available credit card offer despite credit worthiness. Efficiency and credibility make all the difference. For more information, go to www.comparecards.com.

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/comparecards/r/comparecards-com-launches-industry-s-first-fee-engine,c9383612

CONTACT: Kari Luckett 704-887-1340 http://www.comparecards.com kari.luckett@ironhh.comSource: CompareCards