Credit card interest rates slashed!
Did you guys read the papers today? NST reported us Malaysians outstanding RM23 billion in credit card payments! That's a whole lot of money! This calls for some plastic relief!
The Assosiation of Banks in Malaysia is slashing interest rates on outstanding credit card balances by between 0.5 and 1.5%, and late payment fees will be reduced too, effective March 31st.
They hope that these measures will motivate credit cardholders to pay their bills more timely. Hmm, we reckon this might just give said credit cardholders license to slack in payment. What do you think?
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2 COMMENTS
Thank you, I love it. agreed?
valueresearchonline.com
hehe.. This page about Small Business Credit Cards is good too.
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