Customers like fixed repayments on a credit card

Citibank has introduced a fixed payment option on all its credit cards. Citi Australia’s Alan Machet said customer response to the new innovation has been strong.

“ It gives our customers another tool for managing their spending and repayments,” said Machet, “It gives revolvers a way of managing their balances and it gives transactors another way of handling large purchases.”

Source: Banking Day