Compare Credit Cards
- Credit Cards Home
- Balance Transfer Rate
- Low Interest
- No Annual Fee
- Reward Credit Cards
- Business Credit Cards
- Gold & Platinum
- Debit Cards
Compare Banking
Compare Loans
Compare Insurance
- Insurance Home
- Health Insurance
- Home Insurance
- Life Insurance
- Motor & Bike Insurance
- Travel Insurance
Investment Providers
Links
Westpac Cuts Credit Card Rates
Westpac on Tuesday announced that in the run up to Christmas, its customers would be receiving the added bonus of lower interest rates on selected credt cards issued by the bank. Westpac is planning on cutting the interest rate on some of its cards by up to 1.25 per cent.
>> Read more
Some Credit Card Lenders Actually Increasing Interest Rates
Some Australian credit card lenders have been raising their interest rates despite the Reserve Bank of Australia (RBA) having cut official lending rates by 2 per cent since September.
>> Read more
Westpac Banking Second Half Take A Hit, Full Year Up
Westpac Banking Corp, the second largest Australian bank by market, took an 8.5% hit on its second half profits, as provision for bad debts increased. Full year profits did however rise by 11.8%.
Net income for the six months ending September 30th fell to A$ 1.66 Billion from A$ 1.81 Billion a year earlier. Full year cash earnings though, the bank’s preferred measure of profitability, rose to $3.73 billion in the 12 months to September 30 from $3.51 billion the year before. Full year net profit rose to $3.859 billion, as revenue grew by 12.3 per cent to $11.420 billion beating the median estimate of 16 analysts surveyed by Bloomberg.
>> Read more