Interest Rates Drop by 1% What about Credit Card Interest.?

[Dog_ger]

C'mon Banks.

Credit Card Interest is at rediculous levels.

The time is right for a 5% drop.

[mighty_tiger_79]

credit card interest will remain high - the banks wont want to give customers anything!!!

[brod]

Heard on news that Westpac would drop it by 100 basis points

[hearts on fire]

I got some crazy message from 3, getting excited about this, "The Interest Rates Have Been Cut!"......... anyone else get an messages or anything?

[brod]

Got one from Adelaide Now

[Psyber]

credit card interest will remain high - the banks wont want to give customers anything!!!

That's right it will. Credit card rates have always been very high, because they are unsecured debts.
It is unwise economic mangement to incur credit card debt you cannot pay in full at the end of the month - almost economic suicide.
Business funding which creates or maintains jobs does not come from credit card borrowings, so the government is not interested or involved.