SMH
·australia
·10 days ago
Australian banks slash credit card rewards ahead of October surcharge ban
Major Australian banks are slashing credit card rewards before an October 1 surcharge ban takes effect. ANZ cut sign-up bonuses on its Frequent Flyer cards by up to 46 percent while raising spending requirements. NAB is reducing earn rates, introducing points caps, and raising interest rates to 22.99 percent on multiple products.
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Published 31 Jul 2026, 19:01 UTC · Updated 31 Jul 2026, 19:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections