Consumers Association of Bangladesh (CAB), Chittagong Division and Metropolitan Committee demanded the banks to reduce the credit card interest rate. During the Credit Card Policy development, banks’ interest has been considered rather than the clients, as per the statement the association gave on August 5, 2017.
Bangladesh Bank finalized the amended Credit Card Policy on August 3, 2017. As per the policy, the credit card interest rate will be fixed 5% more than any other loan has. This policy is going to be implemented on next January. CAB stated-Canceling the recently developed Credit Card Policy and fixing interest rate like the general loans, stopping client harassment and conserving consumer-interest, a new policy has to be developed.
Vice President of CAB Mr. S M Nazer Hossain, General Secretary-Chittagong Division Mr. Kazi Iqbal Bahar Saberi, Metropolitan President Jesmin Sultana and others signed in the statement.