Oireachtas Joint and Select Committees

Thursday, 20 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Contribution of Public Interest Directors in Financial Institutions: Discussion

10:15 am

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

Of a total of 500,000 cards, 91% are active, which is approximately 450,000 active credit cards. I expect 250,000 of those pay up each month. Therefore, approximately 50% of people do not pay interest at all, which leaves approximately 200,000 customers paying interest on their credit cards. Mr. Walsh said 4% have Clear cards and there are also those who hold Classic cards. What is the increase for approximately 90% of remaining card holders?

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