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.....
GE Money and Wizard Home Loans have increased their credit card rates by 2 per cent *or* more since September. The Reserve bank has dropped official interest rates by two per cent since September. Bank of Queensland, Citigroup and Suncorp have also increased rates on some of their cards by up to 0.84 per cent according to research by Infochoice for the Daily Telegraph. No credit card issuer has passed on the full rate cuts to consumers. Analysts said card issuers were limiting the effectiveness of the rate cuts by holding them back. Average card rates are around 20 per cent.
The Daily Telegraph
