Greater credit competition on the cards

The last budget removed the double-charge stamp duty of €80 paid by credit card holders who switch provider.

29th January, 2005

The last budget removed the double-charge stamp duty of €80 paid by credit card holders who switch provider.

That's good news for consumers who like to hop from one card to another, moving to whichever provider offers the most competitive rate. It also means increased competition for banking institutions, with those offering the best deal likely to pick up more business.

However, credit card holders are advised not to start hopping from one provider to...

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