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.....
Suncorp has raised the interest rates payable on three of its credit card products by up to 0.85 per cent. Each 25-basis-point increase in official rates gives banks $82 million a year in interest income on credit cards said an anlayst. The big banks have not cut credit card interest rates since the RBA cut official interest rates on Tuesday by 0.25 per cent to seven per cent. A spokesperson for the Commonwealth Bank said card issuers sourced funding for credit cards from world financial markets so rates were not based purely on the official cash rate.
