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ANZ have followed the other major banks in lowering their credit card interest rates. The ANZ bank have lowered the interest rates on the Low Rate Mastercard, Balance Visa and ANZ Gold Visa. The Low Rate Mastercard has dropped from 11.99% to 11.74%, the Balance Visa has dropped from 12.99% to 12.74% and the ANZ Gold has gone down to 17.49% .

Australia has recently scene a decline in other major credit card offers. These include a drop in interest rates by St George, Comm Bank, Bankwest, and Aussie. The banks have felt the pressure from the Australian public to reduce their rates, after the Federal Reserve Bank dropped interest rates to a record low.

Will Interest Rates Get Lower? It is hard to predict wheter credit card rates will get lower, however competition within the credit card industry is fierce and the major providers are fighting for your business. In order to get the best low rate card for you, it is important to shop around and compare the offers available on the market. If you do your homework you are sure to find a  credit card deal that suites your needs.

This entry was posted on Tuesday, May 5th, 2009 at 9:46 am and is filed under ANZ, Credit Cards, Interest Rates, Low Interest. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.