ANZ has increased the purchase rate on all its consumer credit cards by 15 basis points. The rate on the ANZ Frequent Flyer Platinum Visa is now 19.89 per cent. ANZ made no public disclosure about the change
Last December the bank introduced a new rate-setting policy, saying that it would announce any changes to variable mortgage rates for retail mortgages and to small business lending on the second Friday of each month.
An ANZ spokesman said yesterday that the monthly rate review would continue to apply only to variable rate retail mortgages and small business loans.
Source: Banking Day
