BOI Increase Credit Card Interest Rates
June 1, 2010
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Posted by Money Guide
Bank of Ireland have just increased the interest rates on their “2 in1″ Mastercard and their Clear Credit Card
The “2in 1″ rate on purchases has risen from 13.9% to 14.9%. The interest rate on cash withdrawals with the 2 in 1 card has been increased by a third from 17.4% to 23.2% APR.
The interest rate on purchases for the BOI Clear card has increased from 9.5% to 10.9% .
The AIB Click card now has the lowest interest rate on purchases – at 9.5% APR
Categories: Bank of Ireland, BOI, Charges and Fees, Credit cards
The credit card is dying and given the recession i think it is wiser for people to pick up a debit card instead. If you have a remaining balance on your card just chop up the card and get a debit card so you dont keep increasing your credit card bill. Then pay it off gradually and stop spending!!
Good advice – but remember to close the credit card account when the balance is cleared to avoid stamp duty.