on 23 May 2019 10:39 AM

Do you know how much interest you are paying on your credit card?

According to recent research commissioned by The Communications Department, 6 in 10 of the Irish population do not. Among those surveyed who did know the interest rate they were paying, there was still a lack of clarity and understanding as to how the interest rate actually works.

Credit card interest rates in the Irish market typically range from 13% to 23% so we need to keep a close eye on how we manage our credit card spending.

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Research carried out by independent market research company, iReach Insights, in late December 2018 and commissioned by The Communications Department. 

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