Forty per cent of first-time home buyers are suffering mortgage stress. Fujitsu found 581,000 households were in mortgage stress, up 0.7 per cent during Febr.....
CreditMart recently undertook some analysis around interest rates on reward program credit card offers and found that the average interest rate on these cards was 1.....
Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Commonwealth Bank has hit back at plans to further cut the interchange fees banks charge each other to process credit card transactions. Since 2002 the Reserve Bank has forced the banks to cut the fees by about 50 per cent. Last year the RBA said it could slash interchange fees to zero and recently has warned the banks to cut the fees themselves or face more regulation. CBA chief executive Ralph Norris said cutting fees further would be a knee jerk reaction imposing costs on business and stifle innovation.
