HSBC dings online gamblers with higher interest

— Posted on January 4, 2007   

 As of Feb. 1, the banking company will charge the steeper cash advance rate rather than the standard purchase fee for gambling transactions processed through credit cards. The interest for such transactions will anywhere from 21.9% to 27.8%, compared to the standard rate of 15.9% to 22.9%. In a statement, HSBC ...

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