Central Banking

Credit card clean-up in Australia

AUSTRALIA - The Reserve Bank of Australia is poised to make sweeping changes to credit card regulations in 2002. Should it prohibit the banks' interchange fee structure, as has already been flagged, Australia's banks will lose a collective $A400 million a year.

What credit card users will want to know is whether such a move will see the banks reduce current benefits for card holders, such as interest-free periods and loyalty rewards, in a bid to claw back some of the lost revenue.

The dynamics

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: