Bread Crumb Trail

Credit Cards Latest News Citi: Interest rates will be 5.25% by end of year

Citi: Interest rates will be 5.25% by end of year

Citi: Interest rates will be 5.25% by end of year

Citi predicts that interest rates could increase up to 5.25 per cent by the end of 2010.

Citi is predicting that interest rates will be up to 5.25 per cent by the end of 2010, refusing to change its mind before a Reserve Bank (RBA) statement due on Friday (February 5th).

The RBA is due to make its quarterly announcement on monetary policy, which could intrigue Australian credit card holders and give a better view on the financial situation.

Joshua Williamson, a senior economist at the financial services company, told Reuters India: "We are not changing our forecasts until the statement is released. We think rates will be at 5.25 percent by year-end, with a pause in March."

But spending was up in the fourth quarter of 2009, according to government figures that found sales increased by 1.1 per cent.

Government data also discovered approvals for building new homes increased by 53 per cent in December, compared to the same period in 2009.

In addition, the Housing Industry Association recently predicted that there will be an increase in home starts in 2010.

By Joe LettsADNFCR-2135-ID-19598641-ADNFCR
Thursday, 04 February 2010 00:00
View News Archive
Bookmark and Share

Make a comment on this article

Comment
Please enter the following letters in the box below.
We're very sorry for this but we just need to ensure
that you are not a computer.

Top 5 Credit Cards

Card Balance Transfers Typical APR (variable) Annual Fee Apply
View Full Table >
ANZ Low Rate Card
Apply >
More Info
0%
6 mths
12.74%
$58 p.a.
ANZ Balance
Apply >
More Info
0%
6 mths
13.74%
$79 p.a.
Coles Group Source MasterCard
Apply >
More Info
0%
6 mths
19.74%
No Fee
Citibank Clear Platinum
Apply >
More Info
0.99%
6 mths
11.49%
$99 - 50% off in 1st year = $49
Westpac 55 Day Classic Card
Apply >
More Info
1.99%
9 mths
18.59%
No Annual Fee in 1st Yr, then $30

Introductory Offer

Balance Transfer Rate:
0% p.a. 6 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
12.74% p.a.
Balance Transfers:
12.74% p.a.
Cash Advance:
20.99% p.a.
Annual Fee:
$58 p.a.

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $15,000.pa

Introductory Offer

Balance Transfer Rate:
0% p.a. 6 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
13.74% p.a.
Balance Transfers:
13.74% p.a.
Cash Advance:
20.99% p.a.
Annual Fee:
$79 p.a.

Standard Features

Credit Limit:
$15,000
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $15,000.pa

Introductory Offer

Balance Transfer Rate:
0% p.a. 6 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
19.74% p.a.
Balance Transfers:
19.74% p.a.
Cash Advance:
21.99% p.a.
Annual Fee:
No Fee

Standard Features

Interest Free Days:
Up to 62 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia

Introductory Offer

Balance Transfer Rate:
0.99% p.a. 6 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
11.49% p.a.
Balance Transfers:
11.49% p.a.
Cash Advance:
20.99% p.a.
Annual Fee:
$99 - 50% off in 1st year = $49

Standard Features

Credit Limit:
$20,000
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $50,000.pa
  • ou have not applied and been declined for another Citibank product in the last 9 months
  • Please ensure you have your contact details, your employment details and your personal income and expense details ready to make an application

Introductory Offer

Balance Transfer Rate:
1.99% p.a. 9 mths
Purchase Rate:
0% p.a. 5 mths

Standard Rates

Purchases:
18.59% p.a.
Balance Transfers:
18.59% p.a.
Cash Advance:
20.49% p.a.
Annual Fee:
No Annual Fee in 1st Yr, then $30

Standard Features

Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia & have an Income of over $15,000.pa

Introductory Offer

Balance Transfer Rate:
1.99% p.a. 9 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
12.74% p.a.
Balance Transfers:
12.74% p.a.
Cash Advance:
20.74% p.a.
Annual Fee:
$45 p.a.

Standard Features

Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia & have an Income of over $15,000.pa

Introductory Offer

Balance Transfer Rate:
1.90% p.a. 9 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
19.25% p.a.
Balance Transfers:
19.25% p.a.
Cash Advance:
19.75% p.a.
Annual Fee:
$99 p.a.

Standard Features

Credit Limit:
$60,000
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • Are at least 18 years of age
  • Have a good credit rating
  • Earn taxable income of $35,000 per year or more
  • Are a permanent Australian resident
  • If you are an existing Suncorp credit cardholder, you must have held your current account for at least 9 months before you can apply for another Suncorp credit card.

Introductory Offer

Balance Transfer Rate:
2.99% p.a. 6 mths
Purchase Rate:
2.99% p.a. 6 mths

Standard Rates

Purchases:
12.29% p.a.
Balance Transfers:
12.29% p.a.
Cash Advance:
18.79% p.a.
Annual Fee:
$49 p.a.

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $15,000.pa
  • If you are NOT permanent resident/citizen of Australia you must have an Income of over $50,000.pa

Introductory Offer

Balance Transfer Rate:
2.99% p.a. 6 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
11.74% p.a.
Balance Transfers:
11.74% p.a.
Cash Advance:
20.49% p.a.
Annual Fee:
$55 p.a.

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia

Introductory Offer

Balance Transfer Rate:
1.99% p.a. 9 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
19.14% p.a.
Balance Transfers:
19.14% p.a.
Cash Advance:
20.64% p.a.
Annual Fee:
$75 p.a.

Standard Features

Interest Free Days:
Up to 45 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia & have an Income of over $15,000.pa

Introductory Offer

Balance Transfer Rate:
1.99% p.a. 9 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
19.14% p.a.
Balance Transfers:
19.14% p.a.
Cash Advance:
20.64% p.a.
Annual Fee:
$125 p.a.

Standard Features

Interest Free Days:
Up to 45 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia & have an Income of over $15,000.pa

Introductory Offer

Balance Transfer Rate:
1.99% p.a. 9 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
18.59% p.a.
Balance Transfers:
18.59% p.a.
Cash Advance:
20.49% p.a.
Annual Fee:
No Annual Fee in 1st Yr, then $130

Standard Features

Interest Free Days:
Up to 45 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia & have an Income of over $15,000.pa

Introductory Offer

Balance Transfer Rate:
2.90% p.a. 6 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
15.49% p.a.
Balance Transfers:
15.49% p.a.
Cash Advance:
20.99% p.a.
Annual Fee:
$65 p.a.

Standard Features

Credit Limit:
$20,000
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $20,000.pa
  • ou have not applied and been declined for another Citibank product in the last 9 months
  • Please ensure you have your contact details, your employment details and your personal income and expense details ready to make an application

Introductory Offer

Balance Transfer Rate:
2.90% p.a. 12 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
20.49% p.a.
Balance Transfers:
20.49% p.a.
Cash Advance:
20.99% p.a.
Annual Fee:
$149 p.a.

Standard Features

Credit Limit:
$60,000
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $35,000.pa
  • You have not applied and been declined for another Citibank product in the last 9 months
  • Please ensure you have your contact details, your employment details and your personal income and expense details ready to make an application

Introductory Offer

Balance Transfer Rate:
3.90% p.a. For Life
Purchase Rate:
N/A

Standard Rates

Purchases:
19.99% p.a.
Balance Transfers:
19.99% p.a.
Cash Advance:
19.99% p.a.
Annual Fee:
$205 p.a.

Standard Features

Credit Limit:
$100,000
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • Are at least 18 years of age
  • Have a good credit rating
  • Earn taxable income of $50,000 per year or more
  • Are a permanent Australian resident
  • If you are an existing Suncorp credit cardholder, you must have held your current account for at least 9 months before you can apply for another Suncorp credit card.

Introductory Offer

Balance Transfer Rate:
3.99% p.a. 6 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
14.99% p.a.
Balance Transfers:
14.99% p.a.
Cash Advance:
20.49% p.a.
Annual Fee:
$89 p.a.

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia

Introductory Offer

Balance Transfer Rate:
5.99% p.a. 6 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
16.99% p.a.
Balance Transfers:
5.99% p.a.
Cash Advance:
19.99% p.a.
Annual Fee:
Free For Life

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have a Income of over $20,000.pa

Introductory Offer

Balance Transfer Rate:
5.99% p.a. 6 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
18.74% p.a.
Balance Transfers:
18.74% p.a.
Cash Advance:
20.99% p.a.
Annual Fee:
1st Year Free, then $49

Standard Features

Interest Free Days:
Up to 56 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $20,000.pa

Introductory Offer

Balance Transfer Rate:
5.99% p.a. 5 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
19.24% p.a.
Balance Transfers:
19.24% p.a.
Cash Advance:
20.74% p.a.
Annual Fee:
$24, or Free if you spend $1000+p.a

Standard Features

Interest Free Days:
Up to 0 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $15,000.pa

Introductory Offer

Balance Transfer Rate:
5.99% p.a. 5 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
19.74% p.a.
Balance Transfers:
19.74% p.a.
Cash Advance:
20.74% p.a.
Annual Fee:
$144 p.a.

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $50,000.pa

Introductory Offer

Balance Transfer Rate:
5.99% p.a. 5 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
19.74% p.a.
Balance Transfers:
19.74% p.a.
Cash Advance:
20.74% p.a.
Annual Fee:
$280 p.a.

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $50,000.pa

Introductory Offer

Balance Transfer Rate:
5.99% p.a. 5 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
19.74% p.a.
Balance Transfers:
19.74% p.a.
Cash Advance:
20.74% p.a.
Annual Fee:
$89 p.a.

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $15,000.pa

Introductory Offer

Balance Transfer Rate:
7.99% p.a. 6 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
18.49% p.a.
Balance Transfers:
18.49% p.a.
Cash Advance:
20.24% p.a.
Annual Fee:
$87 p.a.

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $50,000.pa

Introductory Offer

Balance Transfer Rate:
7.99% p.a. 6 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
18.49% p.a.
Balance Transfers:
18.49% p.a.
Cash Advance:
20.24% p.a.
Annual Fee:
$30 p.a.

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 44 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia
  • You have an Income of over $15,000.pa

Introductory Offer

Balance Transfer Rate:
1.99% p.a. 9 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
18.59% p.a.
Balance Transfers:
18.59% p.a.
Cash Advance:
20.49% p.a.
Annual Fee:
No Annual Fee in 1st Yr, then $90

Standard Features

Interest Free Days:
Up to 55 days
Online Banking:
Yes

Approval Criteria

  • You are at least 18 Years of Age
  • You have a Good Credit History
  • You are a permanent resident/citizen of Australia & have an Income of over $15,000.pa

Introductory Offer

Balance Transfer Rate:
1.99% p.a. 9 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
19.14% p.a.
Balance Transfers:
19.14% p.a.
Cash Advance:
20.99% p.a.
Annual Fee:
$100 p.a.

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 44 days
Online Banking:
Yes

Approval Criteria

  • You are aged 18 years or over
  • You are a permanent resident or citizen of Australia (Temporary Visa holders are not eligible to apply)
  • You earn a minimum income of $15,000p.a

Introductory Offer

Balance Transfer Rate:
1.99% p.a. 9 mths
Purchase Rate:
N/A

Standard Rates

Purchases:
18.74% p.a.
Balance Transfers:
18.74% p.a.
Cash Advance:
20.69% p.a.
Annual Fee:
$150 p.a.

Standard Features

Credit Limit:
Subject to Status
Interest Free Days:
Up to 44 days
Online Banking:
Yes

Approval Criteria

  • You are aged 18 years or over
  • You are a permanent resident or citizen of Australia (Temporary Visa holders are not eligible to apply)
  • You earn a minimum income of $50,000p.a