Credit card rates up to five times bank fees
CONSUMERS can pay over five times the standard bank interest rate if they choose credit cards with the highest rates on the market, a new cost survey reveals.
Some financial institutions are charging interest rates as high as 18.9% even though Central Bank lending rates are just 3.75%.
The Financial Regulator will today publish a cost survey showing consumers can get credit cards with interest rates as low as 9.4%.
The Consumers Association of Ireland (CAI) urged householders to exercise caution before deciding to sign up to a credit card deal. .
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