Thursday, September 16, 2010

Credit cards fatten their margins

Credit card companies in AUSTRALIA have increased the average rate on non introductory credit cards by 2.36 percentage points to 17.16 per cent over the period from December 2007 to July 2010. Within that same period, the Reserve Bank cash rate has fallen from 6.75 per cent to 4.5 per cent.

(Source: Ratecity)

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