Why track rate changes?
- • Banks change rates quietly — a 0.5% increase on a $5,000 balance costs you $25/year
- • Annual fee increases often happen with little notice
- • Promotional balance transfer offers expire and get replaced
- • This tracker monitors changes so you don't have to read every PDS update
Latest
Westpac increased annual fee on Altitude Platinum. NAB updated balance transfer offer.
RBA cash rate held at 3.85%. CBA Low Rate reduced purchase rate.
Baseline snapshot — initial rate capture
No rate changes recorded in this period.
Never miss a rate change
Bookmark this page — we update it regularly as banks announce changes. Coming soon: email alerts.
Understanding Credit Card Rate Changes in Australia
Australian banks adjust credit card rates and fees throughout the year, often in response to RBA cash rate decisions. These changes can significantly impact the cost of carrying a balance or the value proposition of premium cards.
What triggers rate changes?
- RBA cash rate decisions — when the Reserve Bank raises or cuts rates, banks often follow (though not always by the same amount)
- Competitive pressure — banks match or undercut rivals on balance transfer offers and introductory rates
- Annual reviews — many banks adjust annual fees and reward structures at the start of each financial year
How we track changes
We monitor product disclosure statements (PDS) and public rate schedules from all major Australian credit card issuers. When a change is detected, it's logged here with context and analysis.