Not on credit cards they ain't:
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Credit card borrowers pay the price as lenders struggle to make a profit
Millions of credit card borrowers are being made to pay for the troubles of the banks through higher interest rates on their plastic.
Lenders have increased interest rates on 18 popular cards since the start of this year, even though the base rate has remained steady at 0.5 per cent. This compares with only four increases on cards in the first four months of last year.
The analysis, by data provider Moneyfacts, shows the average interest rate for purchases on credit cards is 19.1 per cent, the highest for 13 years.
More from the source: Credit card borrowers pay the price as lenders struggle to make a profit | Mail Online
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WTF, can't make profit on paying savers 0% and using that money to lend under 20%?!?!
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Credit card borrowers pay the price as lenders struggle to make a profit
Millions of credit card borrowers are being made to pay for the troubles of the banks through higher interest rates on their plastic.
Lenders have increased interest rates on 18 popular cards since the start of this year, even though the base rate has remained steady at 0.5 per cent. This compares with only four increases on cards in the first four months of last year.
The analysis, by data provider Moneyfacts, shows the average interest rate for purchases on credit cards is 19.1 per cent, the highest for 13 years.
More from the source: Credit card borrowers pay the price as lenders struggle to make a profit | Mail Online
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WTF, can't make profit on paying savers 0% and using that money to lend under 20%?!?!
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