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The cap rate for credit cards will be reduced to 44.64% in June

The cap rate for credit cards will be reduced to 44.64% in June The cap rate for credit cards will be reduced to 44.64% in June

The usury rate, the maximum that banks can charge for purchases with credit cards or regular credit, falls again for the month of June and amounts to 44.64% effective per year. The cut equates to a 77 basis point decline from May this year, when it was 45.41% year over year. The rate certified by […]

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