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Microsoft Word - Credit card review FINAL FINAL

Strictly embargoed until Monday 13 th July 2009 CREDIT CARD WHITE PAPER FAILS TO TACKLE £900 MILLION[1] OF CHARGES • Cash withdrawal fees: In 2005, the average APR for cash withdrawals was 21.22% APR, this has increased by 41% (8.75% APR) to 29.97%[2] costing consumers up to £161 million[1] a

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