News: 'Banks finetuned responsible lending policy'

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2 comment(s). Last comment by jacklok 2012-08-01 14:51

Jonathan Keung

4,365 posts

Posted by Jonathan Keung > 2012-08-01 14:32 | Report Abuse

credit cards is the meat for the bank financing. BNM is closing their eyes on credit cards interest rates. it's day and night legalised robbery by the banks fixing rates at between 15% -18% p.a.(excluding whatever charges they can debit to your account)

jacklok

35 posts

Posted by jacklok > 2012-08-01 14:51 | Report Abuse

May be it is time to stop using credit cards and change to debit cards instead.

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