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barclaycard freezes or cuts credit costs

Published: 05/02/2009

Scotsman.com – 5th February 2009

 

Almost 12 million Barclaycard customers will have their interest rates cut or frozen until June after the credit card provider pledged to help customers in financial difficulties.

 

Andrew Hagger of Moneynet.co.uk said: ‘Since rate cuts on credit cards have been rare over the last few months, and in some cases rates have increased, you could argue that providers now have some room for manoeuvre, considering base rate has fallen by 3.5 per cent in the last four months.’

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