Credit Cards News

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