Credit card holders are being advised to switch to a low-rate card if they are unable to repay a loan on a zero per cent deal .

Price comparison website moneysupermarket.com has informed its customers that changing to a new low-rate card could help ease the cost of borrowings.

In an uncertain economic climate, a significant percentage of credit card holders are finding it increasing tough to secure the most attractive deals.

Indeed, moneysupermarket.com says that only four in ten credit card applications are actually successful.

However, Peter Harrison, the credit cards expert at moneysupermarket.com, insists the best approach to tackling debts is largely dependent on credit rating .

He added: “Whilst the credit card market has seen better days, there are still some great deals out there, all be it hard ones to obtain.”

According to research by Santander Cards, in excess of ten per cent of Britons intend to transfer more than 3.2 billion pounds between cards in the first three months of 2010.

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