Monday October 26, 2020

Top two banks charge the most for credit cards

The country’s top two banks, AIB and Bank of Ireland, are the only credit card providers that charge customers interest on money paid off their credit card if the bill is not repaid in full, according to a survey by The Sunday Business Post.

21st October, 2006

The survey asked providers whether a customer with a €1,000 bill would be charged interest on the €1,000 if they repaid €900 by the repayment date, or if the customer would only be charged interest on the outstanding €100. Only AIB and Bank of Ireland said the customer would pay interest on the €1,000.This means customers of the two banks could pay more than 18 per cent interest on money they have already repaid to...

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