Credit Card Firms Hit Back with Rate Rises

Summary


CREDIT card providers have increased their interest rates - one by more than 12 per cent - after the Office of Fair Trading made them reduce their default fees.

Price comparison service Moneyfacts.co.uk said 19 card providers had increased their rates, with Barclaycard the worst Victim: Valston Murraine offender. Barclaycard hit Simplicity platinum card customers with an increase of 12.1 per cent to 27.9 per cent on cash withdrawals at the start of last month.

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Credit Card Firms Hit Back with Rate Rises

Other rises have come from the Co-...

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