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.....
Pressure builds on CBA & ANZ to cut penalty fees 3 August 2009
Commonwealth and ANZ Bank are expected to at least match the move by Westpac and its subsidiary St George Bank to slash penalty fees from $40 to $9.The Westpac move applies to all account holders and follows an announcement last week by NAB to axe penalty fees completely from personal (but not business) accounts.Westpac is expected to lose about $210 million in cash earnings from the reduction in fees, while NAB said it expects to lose about $100 million.Both Commonwealth and ANZ have been planning to cut their fees and are now expected to at least match the Westpac move which, like the changes announced by NAB, come into effect on October 1.New commonwealth laws that will come into effect in January 2010 will force banks to justify the actual costs of their charges if directly challenged by a customer.
