Credit card provider used by more than half a million customers HIKES interest rates adding £167 to bills

A MAJOR credit card provider used by more than half a million customers is hiking interest rates for some customers.

Zopa Bank, a digital challenger bank that introduced its credit card in 2020, is raising these unwelcome charges for some of its users.

RexCredit card companies often change their interest rates for various reasons, like market conditions or customer risk[/caption]

When the card was first introduced, it attracted many applicants with advertised rates as low as 9.9% APR.

The APR...