The Reserve Bank of Australia is currently considering further regulation of credit cards that will make you – the consumer – pay more.

 

The RBA's actions will pass the buck to you - pushing down the fees that big businesses and banks pay (called ‘interchange’ fees) and making them come after you for the difference. If they get their way, we could see higher annual credit card fees, higher interest rates and shorter interest-free periods.

You only have until 3 February 2016 to tell the RBA to scrap their plans to pass the buck to you.

Complete the form below, review the pre-populated letter and then click ‘send’ to add your voice to the RBA consultation.