Credit card users face challenges in understanding the complex and lengthy terms and conditions of their cards, leading to confusion, financial misunderstandings, and potential disputes. This results in:
Difficulty comparing different card offers and making informed decisions. Unforeseen fees and charges due to a lack of clarity in the terms. Increased risk of non-compliance and potential legal issues.
This RAG application that simplifies the process of understanding credit card terms and conditions by:
- Extracting the key information from the documents.
- Providing clear explanations and comparisons of different card features.
- Identifying potential risks and areas of concern based on individual usage patterns.