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Credit Card Debt At 9%? Conditions Apply.
Even as IDFC First launched credit cards with as low as 9% interest charge, it may still be far from becoming an industry norm.
22 Jan 2021, 02:18 PM IST
IDFC First Bank Ltd. created a flutter recently as it announced that it would offer credit cards with interest rates as low as 9%. The limited nature of the offer, however, means that the lender is unlikely to shake up the credit card market as it seeks to enter a crowded segment.While launching its offering, IDFC First said interest rates on credit card debt will range between 9% to 36% on an annual basis, based on an individual’s c...
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