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.....
Virgin/Citibank take on the big four 21 September 2009
Virgin Money will team with Citibank to take on the big four banks and create new credit cards, retail deposit accounts and mortgages. Virgin captured 750,000 credit card customers over the last few years, but sold that business to Westpac one year ago.The new deal with Citibank will provide funding and bank infrastructure to Virgin in a renewed bid to build a serious financial competitor to the banks in Australia.Citibank are using the partnership with Virgin to help them overtake NAB in the credit market, by moving from 8.6 per cent of the market to over 14 per cent.The partnership will also produce a Virgin Blue credit card linked to the airline with reward points program that will compete with Qantas frequent flyer.
