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.....
Banks are profiting from higher interest rates by slugging their credit card and personal loan customers with big rate rises. The Reserve Bank recently issued a report examining that found that banks had raised profit margins on cards and loans by much more than had from mortgages and business loans. The average bank margin on a personal line of credit is about 3.4 per cent over the cash rate. The average margin on a household loan is about 1.6 per cent over the cash rate.
