To: Credit card companies
Fair interest rates
Bank of England interest rates are at an all time low and have been so for a number of years. Credit card companies are still charging interest at the same rate as before the Bank of England interest rates fell very low. There should be a cap on their interest at perhaps 10 %.
Why is this important?
At this time of the pandemic there must be many people resorting to using credit cards and really are being ripped off. Credit card companies must be making huge profits at the expense of the public's difficulties during these times
