Credit card news

ACCC and ASIC team up to help Indigenous Australians

A three-year action plan has been put forward to help Indigenous Australians with consumer issues.

Banks ramp up credit card specials ahead of Christmas

Credit card lenders launch spring offensive to win your business back

Australia says goodbye to excessive card payment surcharges

As of 1 September 2017, every business across Australia will be banned from charging excessive surcharges on payments made by certain types of EFTPOS, Mastercard, Visa and American Express cards.

Big changes coming for competition laws

These amendments will provide “greater protections for small businesses and more choice for consumers by boosting innovation and opening new markets”.

CBA faces $10m bill for ripping off customers

Commonwealth Bank will refund about $10 million after selling unsuitable consumer credit insurance to tens of thousands of Australians.

Macquarie revamps its credit card rewards

Macquarie today announced the launch of its new digital credit card rewards program.

Aussies abandoning cash and cheques for cards and tech

New figures released by the Reserve Bank of Australia (RBA) confirm what many of us have suspected for some time – fewer Aussies are making cash payments for their purchases, and more are utilising cards and other cashless fintech solutions.

Small businesses to start phasing out surcharges

Getting charged extra at the checkout when you pay with your plastic should largely become a thing of the past by the end of the year, with the Australian Competition & Consumer Commission (ACCC) preparing to enforce new laws on credit card surcharges by small businesses.

Westpac unveils basic, low-rate credit card

Credit card lenders taking axe to rewards programs

As of July 1, the way consumers earn and spend rewards points will drastically change.

Scott Morrison unveils credit card crackdown

‘Predatory’ credit card practices may be a thing of the past, as Scott Morrison announces new measures to protect vulnerable Aussies from racking up thousands in unnecessary credit card debt.

Move to cashless economy speeds up

Australia’s transformation into a cashless society is accelerating, with a new report showing increasing abandonment of cash and cheques in favour of digital and electronic payments.