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News
Consumers forced to pay $95 fee to use popular credit card starting September 28
23+ hour, 11+ min ago (36+ words) SELECT cardholders will be forced to pay a nearly $100 annual fee in just days as part of a policy update from a prominent credit union. These are fairly common for most popular credit cards, and......
Trump renews his calls to cap credit card fees
2+ day, 8+ hour ago (233+ words) President Donald Trump at the inaugural Republican midterm convention in Dallas revived his push to cap credit card swipe fees in a nearly two-hour address that also promised Americans a $5,000 payday if the GOP stayed in power. Wednesday's comments mark…...
Surcharge ban creates a trust account problem brokers haven’t spotted yet
3+ day, 14+ hour ago (644+ words) Australian insurance brokers have three weeks to resolve a cost problem the Reserve Bank of Australia’s (RBA) headline saving figure was not built to fix – and a compliance question buried in their merchant agreement that most will not know the…...
CBA cuts merchant service fee to 0.99%
6+ day, 2+ hour ago (172+ words) CBA expects this to help businesses with costs, as card surchaging is set to end in October. The Commonwealth Bank of Australia (CBA) is reducing its merchant service fee to 0.99% per transaction for in-store payments from 1 October 2026. The fee was…...
‘Absurd’: CBA slugged 13 years of fees for inactive card
1+ week, 4+ day ago (1017+ words) September 2, 2026 — 5:00am The Commonwealth Bank charged a customer 13 years of fees for an unactivated credit card, and failed to realise that it was responsible for taking the money when the man got in touch after spotting the charges. CBA defended its…...
Letter: Thanks to Angus King for seeking to lower credit card swipe fees
2+ week, 3+ day ago (222+ words) NewsBreak: Local News & Alerts Send your letters to [email protected][Everlit Audio Player]When it comes to cutting through partisan noise to view policies on their merits, Sen Angus King is at the top of my list That should make Kingâ…...
ANZ the last big bank to take the razor to rewards cards ahead of surcharge ban
2+ week, 4+ day ago (645+ words) ANZ has announced sweeping changes to its rewards credit cards to come into effect from 28 September, three days before the RBA’s surcharge ban kicks in. ANZ has announced changes to all of its credit cards, not just its rewards ones,…...
Westpac, St.George join other big banks to raise credit card fees and rates
2+ week, 5+ day ago (835+ words) Why did you choose this rating? More banks are joining the credit card downgrade party as Westpac and St.George announce sweeping changes to card rates, points and fees. These changes will make their credit cards more expensive and less…...
Big banks respond to impending surcharge ban
2+ week, 6+ day ago (38+ words) SMH.com.au Australia’s big banks are rolling out fee changes in response to the Reserve Bank’s credit card surcharge ban in October. Updated August 23, 2026 — 7:36pm,first published 7:32pm...
CIBC Dividend Visa Infinite: Supplementary Card Fees Rise to $50
3+ week, 2+ day ago (395+ words) CIBC documented this increase in its notice on upcoming changes to your CIBC credit card account, as well as in the updated cardholder agreement, in effect since August 1, 2026. This is a pricing grid update, not a public announcement. This $50 fee…...