Which bank has cut credit card interest rates?
Only one small bank has passed on May’s RBA interest rate cut to their credit card customers. G & C Mutual Bank has slashed its low rate visa card rate by 0.50 percentage points, or twice as much as the RBA cut, to 9.49 per cent. G & C Mutual bank has also reduced its platinum visa card rate from 18.99 per cent to 18.74 per cent.
Source: Adelaide Advertiser