Shop around as newcomers disrupt credit card costs
If you owe on your credit card, focus on the interest rate you are paying
18 August 2019 - 00:06
If you're paying the minimum instalment on your credit card every month - which 56% of users do, according to the latest Old Mutual Savings & Investment Monitor - take note of the interest rate your bank is charging you, as well as all the fees levied.
The most you can be charged in interest on a credit card is currently 20.50% a year, and the lowest is prime, which is 10%...
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