It’s rare to see much positive news about retail banking these days, but for all their faults most big banks have recently taken action in an area where they have long been slammed: credit cards.
No doubt in response to community and political pressure, Westpac and Commonwealth Bank have this year started offering cards with lower interest rates, while ANZ Bank cut its rates for existing customers, too.
Several are also rolling out consumer-friendly features to help people get on top of debt, such as alerts when payments are due, or the ability to convert revolving debts into instalment …
Read the full article at: http://www.smh.com.au/business/banking-and-finance/too-early-for-banks-to-pat-themselves-on-the-back-over-credit-card-changes-20171027-gz9vc4.html