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Friday, May 10, 2024

Credit card firms want to hike top rate

Operators will seek BoT approval, saying higher interest rates have pushed up their costs

A man holds credit cards while choosing products online. Local credit card operators plan to seek Bank of Thailand approval to raise their maximum interest rates as their costs have risen. (Photo: Varuth Hirunyatheb)

Credit card issuers are planning to ask the Bank of Thailand to raise the maximum interest rate they can charge and…

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