Summary
QYou consistently show AIB click credit card rate as 13.6% - but it is charging me 8.5%. I feel others should know this - or is the high rate for new business? AThe 13.6% rate is correct as a comparable APR. A few months ago, an EU directive came into force requiring banks to include the stamp duty on cards in their calculation of interest rates.
I wrote about it at the time, pointing out that I thought it was a bit stupid. But that's the way it is. The rate being charged by AIB on your card didn't change but the actual declaration of the rate for comparison purposes with other cards did.See the full content of this document
Extract
You Consistently Show Aib [...] [Eire Region]
I'm not ...
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