| Sports Betting Online |
Credit card rates go up
4 May 2010 |
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| Purchase rates on credit cards rose by as much as 60 basis points and cash advance rates by as much as 75 points in April. Lenders may be wary of not upsetting consumers and politicians when they change home loan rates but there appear to be no such concerns when it comes to credit cards. Another indication that things have tightened up in the credit card market is that over the past month several card issuers have set limits on their no interest balance transfer offers.On April 28 Citibank increased the purchase on its personal credit card by 60 basis points, from 14.99 to 15.59 per cent. According to Infochoice, Heritage Building Society, Aussie, Macquarie Bank, National Australia Bank and Suncorp all increased purchase rates on their cards by 50 basis points. Community First Credit Union increased the purchase rate on its card by 49 points. Heritage Building Society increased the cash advance rate on its Visa Classic by 75 basis points.Aussie increased the purchase rate on its Aussie MasterCard by 70 basis points. Heritage, HSBC, Macquarie and Community First all increased their cash advance rates by 49 basis points or more. Infochoice data shows that IMB, Community CPS, Australian Central Credit Union and United Community Credit Union have all changed the interest-free period on their balance transfer offers from a lifetime offer to six months. |
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| Source : Banking Day |
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| 31 May 2010 | - Bumper auction weekend |
| | - St George launch iPad App |
| | - Unplanned futures don’t look rosy |
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| 28 May 2010 | - Mortgage problems growing |
| | - Max Bourke didn’t find much debt |
| | - eBay to refund thousands of buyers |
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| 27 May 2010 | - ANZ cuts some fixed mortgage rates |
| | - Rate rises to cost $500 more per month |
| | - Card rates go up and up |
| | - St George, ANZ are customer favourites |
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| 26 May 2010 | - Savings tax discount hits hurdle |
| | - ANZ use Facebook to find debtors |
| | - Business customers still like St George |
| | - CBA, Westpac take business from NAB |
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| 25 May 2010 | - Commonwealth still rules the roost |
| | - Confusion reigns over first home savers. |
| | - Banks profit from ‘unfair’ fees |
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| 24 May 2010 | - Infochoice reveals savings say credit unions |
| | - More good auction results |
| | - Housing affordability plummets |
| | - Fifty fooled by scam Westpac site |
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| 21 May 2010 | - Police hunt fake Westpac website |
| | - Card skimmers target CBA ATMs |
| | - Smokers can cut 6 years from mortgage |
| | - Credit unions grab mortgage market share |
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| 20 May 2010 | - Visa’s big world cup plans |
| | - Competition continues to favour savers |
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| 19 May 2010 | - 90% LVR loans hard to come by |
| | - New capped rate mortgage launched |
| | - Check (both) your credit files |
| | - Charge cards – making a comeback? |
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| 18 May 2010 | - Rate rises bite into lending |
| | - Loan defaults lead to evictions |
| | - Fees on transaction accounts disappear |
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| 17 May 2010 | - Credit Unions customers most satisfied |
| | - Change your bad credit card now |
| | - Bank customers flock to class action |
| | - More good auction results |
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| 14 May 2010 | - Tax discount benefits low income earners |
| | - Buy a big block close to city |
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| 13 May 2010 | - Banks face penalty fee class action |
| | - First Home Saver Account confusion |
| | - Housing market cooling rapidly |
| | - SA land tax cuts save big $$$ |
| | - Greek debt puts Aussie rates on hold |
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| 12 May 2010 | - Tax on deposits slashed from 2011 |
| | - First Home Saver Accounts get better |
| | - House prices, interest rates head north |
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| 11 May 2010 | - Banks profit from crisis |
| | - Aussie banks to shrug off Greek crisis |
| | - Auction clearance rates stay high |
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| 07 May 2010 | - Westpac customers dissatisfied |
| | - 4.5 million choose credit unions |
| | - Home repossessions on the rise |
| | - High deposit rates set to come down |
| | - Debt weighing down Aussies |
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| 06 May 2010 | - 90,000 homeowners forced to sell up |
| | - Young people shelve home buying plans |
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| 05 May 2010 | - Big four pass on rate rise |
| | - More rate rises coming 2010 |
| | - Property prices and rates to go up |
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| 04 May 2010 | - RBA increases rates again |
| | - Rate rise expected today |
| | - We are planning to pay off the card |
| | - Consolidation puts homes at risk |
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| 03 May 2010 | - RBA to wait and see on rates |
| | - Savings tax discount coming soon |
| | - Another bumper auction weekend |
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