Building Society Nationwide are calling for more clarity when it comes to repaying credit card debt as more consumers struggle to understand how their bills work.
The fundamental point is that when you are repaying a significant credit card bill, you pay back both purchases and cash withdrawals which have different rates of interest.
Nationwide want consumers to know exactly what order they're paying back their bills in and beleive it will significantly help cut the amount of credit card debt in the UK.
A spokesperson for the group added, "When you scratch beneath the surface you discover that credit card holders often don't receive the full benefit of low rates."