If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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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.....
Three of the four major banks have not committed to limiting rate rises to the Reserve bank’s guidance. NAB issued a statement over the weekend saying they would not move its standard variable interest rate beyond any change the RBA makes to the official cash rate in April. However Westpac, Commonwealth Bank and ANZ have not made similar commitments, although Westpac is not expected to move above the RBA rate guidance this month.ANZ Bank is thought to weighing up the option of increasing rates by a margin above the RBA’s guidance. "I still feel it's in our interests, and in the interests of the broader economy, to keep rates as low as we can right now," Mike Smith, chief executive of ANZ said "But I have to react to the market in a commercially sensible way." The treasurer Wayne Swan welcomed NAB’s commitment and warned banks about taking their customers “for a ride”.
