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Tuesday, May 7, 2024

Credit card rule change set to hit clientsCredit card rule change set to hit clients

Mr Sarut says the credit card rate is scheduled to rise to 8% in 2024 before returning to the normal 10% in 2025.

CardX, a credit card service provider under SCB X Group, expects that some customers may fail to comply with the Bank of Thailand’s regulation on minimum credit card payments scheduled for next year.

At present, the central bank allows credit cardholders to repay debt at a minimum rate of 5% of the total credit balance per month under its debt assistance…

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