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Evening Standard
Evening Standard
Vicky Shaw

Credit card purchase costs ‘jump to highest level in nearly 20 years’

Average rates charged for credit card purchases have reached their highest level since at least 2006 – but the choice of zero interest deals has increased, according to a financial information website.

Moneyfacts said that between March and June, the average purchase annual percentage rate (APR), including fees, was 35.7% – the highest on its records which started 19 years ago, in June 2006.

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