Credit Card Interest Rates

Dáil Éireann Debate, Tuesday - 31 March 2015

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Tuesday, 31 March 2015

Questions (284)

Pearse Doherty

Question:

284. Deputy Pearse Doherty asked the Minister for Finance the average interest rate charged by licensed credit card companies. [13420/15]

Written answers

Minister for Finance

I, as Minister for Finance have no role with regard to interest rates charged by licensed credit card companies.

The Central Bank has informed me that they do not publish the information requested by the Deputy. 

However, the Competition and Consumer Protection Commission has available comparison information on credit card interest rate on their website at http://compare.consumerhelp.ie/CreditCard. I would strongly advise all credit card consumers to use this site to determine which card offers best value in their particular circumstances.

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