
Big banks kick off low rate credit card wars
A long-overdue price war has broken out amongst Australia’s major banks, as competition to offer Aussies the lowest credit card interest rate heats up.

A long-overdue price war has broken out amongst Australia’s major banks, as competition to offer Aussies the lowest credit card interest rate heats up.

Challenger bank, ME has renewed its calls for greater regulation and clarity in the credit card industry to make choosing, switching and paying off a credit card more consumer-friendly.

Major bank ANZ announced today that it would no longer be offering customers American Express companion cards with its range of Rewards and Frequent Flyer credit cards.

In good news for credit card holders, ANZ has announced that it will reduce the purchase interest rate on its Low Rate Platinum and Low Rate Classic credit cards by up to 2.00% - the lowest rates offered by the bank since 2003.

Wesfarmers and Citi have recently announced a completed agreement that will see the latter take over distribution of Coles branded credit cards for the coming decade.

As many as 750,000 Aussie parents are charging school fees to their credit cards, leaving them footing not only the back to school bill, but steep interest charges as well, according to a new study conducted by SocietyOne.

Major supermarket, Woolworths, has announced that its Everyday Money Reloadable Prepaid MasterCard has been discontinued.

If you've had the same old rewards credit card kicking around in your wallet for some time now, chances are it's not delivering the value it used to.

For many Aussies giving more will have been right at the top of their New Year's resolutions list for 2017, and with NAB’s newly launched rewards scheme they may soon find that resolution much easier to keep just by using their credit cards.

Australians are set to be in for a new year credit card shock, with Mozo.com.au predicting that spending during the festive period will bring the average credit card debt to around $4,255.