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Capital One doubles credit card rates

Capital One doubles credit card rates

The group, which has imposed rate hikes of up to 7pc on credit card holders, blamed the move on the “economic environment”.

Some people have seen the interest they are charged on outstanding balances jump from 8.01pc to 15.31pc.

The rate increases will come into force after customers receive their March statements, with the new interest rates shown on their April ones.

The …

Read the original article at Telegraph

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