
If the Reserve Bank’s official cash rate is 1.5 per cent and you can borrow for a home at 4.4 per cent, why are credit rates as high as 21 per cent?
Source: Credit card interest rates are too high but we only have ourselves to blame

If the Reserve Bank’s official cash rate is 1.5 per cent and you can borrow for a home at 4.4 per cent, why are credit rates as high as 21 per cent?
Source: Credit card interest rates are too high but we only have ourselves to blame