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Credit Card Annual Fee News

ANZ joins big four in account fee overhaul

Saturday September 19, 2009
ANZ took the amount of money to be handed back to consumers by the big four banks through a reduction in penalty charges to $750 million yesterday, after unveiling a comprehensive overhaul of its account fees.

No Rate Relief For Credit Card Users

Friday January 9, 2009
TWO-THIRDS of Australia's lenders are refusing to cut interest rates on credit cards despite the official cash rate falling four times in the past six months.

What to do if your credit card application is rejected

Monday December 1, 2008
Banks have set criteria for approving credit cards and you can improve your chances of being approved if you know what these are. If your application was declined, learn more today.

Credit Card Laws Under Review

Friday October 31, 2008
INTEREST charged on most credit card accounts has not been cut - and some have been lifted - since the Reserve Bank lowered interest rates last month.

Get no annual fees with the St George No Annual Fee credit card

Wednesday October 29, 2008
If you don't want to pay annual fees on your credit card, St George might be able to help you out.

Cba Sues Because Of Credit Card For Coles

Friday September 26, 2003
MasterCard yesterday denied it had breached an agreement with the Commonwealth Bank of Australia after the bank took exception to the card scheme's link with Coles Myer's new credit card.

Virgin Credit Card Provokes Anz Response

Wednesday September 10, 2003
The major banks have finally started to cut sky-high credit card interest rates to fend off upstart competition from Richard Branson's Virgin Money.

Banks Dip Into Credit Card Fees

Monday May 19, 2003
The legal battle over the Reserve Bank of Australia's contentious credit card reforms finally comes to a head today, with all the major banks having already increased annual fees on credit cards to offset any lost revenue.

Higher Fees At Westpac

Friday February 14, 2003
WESTPAC Banking Corp Ltd announced a range of fee increases yesterday including hefty rises in credit card annual fees.

Anz Joins The Rest In Credit Card Fees Rise

Saturday November 2, 2002
The ANZ Bank yesterday became the latest bank to lift fees on credit cards and to deny that the changes were linked to the Reserve Bank's crackdown on bank credit card revenue.

Call For `bank Rage' At Credit Card Fee Rise

Saturday November 2, 2002
THE ANZ Bank announced plans yesterday to increase some credit card fees by up to 100 per cent, as Prime Minister John Howard called on the banks to help farmers through the drought.

Credit Card Fees To Jump But It's Fair, Says Bank

Friday October 11, 2002
The Commonwealth Bank of Australia said yesterday that research showing customers were prepared to pay for loyalty programs justified another increase in its credit card fees.

Reserve Bank's Credit Card Revolution To Hit Loyalty Schemes, Says Costello

Thursday August 29, 2002
Credit card loyalty schemes are expected to offer fewer rewards and become more expensive to join as Australia's banks try to recoup hundreds of millions of dollars they are about to lose in hidden fees.

Credit Card Revolution

Wednesday August 28, 2002
THE changes the Reserve Bank of Australia (RBA) will make to the credit card system from next year have been welcomed by most groups.

Hidden Credit Card Charges Swept Away

Wednesday August 28, 2002
The Reserve Bank predicts the price of all goods and services will fall after it broke open Australia's credit card cartel yesterday.

Credit Unions Chase Credit Card Market

Saturday July 20, 2002
Credit unions have gone against the industry trend and cut the interest rate on their MasterCard credit card by 0.2 per cent to 15.75 per cent a year.

Card-carrying Members

Monday June 3, 2002
Are credit card reward programs all that rewarding? Ian Rogers finds out.

How To Lessen Credit Card Pain

Sunday January 27, 2002
YOUR credit card statement for Christmas has probably just arrived, but if you've overindulged there's some good news. Or less bad news.

Credit Card Users To Share In Rates Windfall

Thursday December 6, 2001
Credit card users will join home loan borrowers in getting interest rate relief before Christmas after yesterday's official rate cut, although those with the nation's most popular card will miss out.

Coles Myer's Credit Card To Reward Big Spenders

Sunday November 4, 2001
AUSTRALIA'S largest retailer, Coles Myer, has launched its own credit card that can be used across the nationwide business replacing more than 1.7 million Myer, Grace Bros, Target and Kmart cards.