Credit Card Terms Prompt Indignation in India
Heather Timmons writes for the New York Times about some consumer reactions in India to credit card fees. "Credit card rates and fees frustrate borrowers around the world, but Indian consumers have something special to complain about. Interest rates average more than 30 percent, and can soar to over 50 percent, while charges tacked on for late payments are sometimes a hefty 20 percent of the overall balance."
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