The interest rate gap between ordinary credit cards is 4% and between gold cards 2.5%.
A “Globes” survey found that Bank Hapoalim (LSE:BKHD; TASE:POLI)-affiliated Isracard charges the lowest interest rates. Israel credit card companies revised their interest rates yesterday following the Bank of Israel’s interest rate cut.
The difference in interest rates between the cheapest domestic ordinary credit card (American Express affiliated with Isracard) and the costliest (Visa CAL) is 4%.
Isracard gold cards carry the lowest interest rate at 9%, up to 2.5% less than the interest on other cards.
Published by Globes [online] - www.globes.co.il - on June 25, 2003