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April 10, 2009 |
Beginning in June, up to 4 million Bank of America Corp. credit card customers in the U.S. who revolve a balance will be seeing higher interest rates, according to a report in the Wall Street Journal. Several of the large U.S. credit card issuers are raising rates on those who pay less than the full balance each month.
The increase will affect so-called "revolvers" with interest rates below 10%. The bank says the change will affect less than 10% of U.S. customers.
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