Bank of Ireland has been criticised for raising interest rates on its credit cards by up to 4 per cent in the run up to Christmas.
The bank’s credit card customers will see an increase of between 0.7 per cent and 4 per cent on their bill in January, with rates of up to 19.9 per cent. A bank spokeswoman argued that “continued pressure from high funding costs and the continuing high risk and loss profiles,...
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