Credit card wars heat up after Reserve Bank changes | 7NEWS
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The Reserve Bank's new tap-and-go regulations have transformed the credit card points market, prompting major shifts in airline and banking partnerships. Qantas has ended its alliance with CommBank in favour of Westpac, while Virgin's Velocity programme has partnered with CommBank. Despite higher annual fees and interest rates introduced to offset reduced transaction charges, demand for points-earning credit cards has grown significantly, with banks reporting double-digit increases in card acquisitions. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9hzoe68ibpttheragdgi Facebook » https://www.facebook.com/7NewsAustralia TikTok » https://www.tiktok.com/@7newsaustralia Instagram » https://www.instagram.com/7newsaustralia/ X » https://x.com/7NewsAustralia 7NEWS combines the trusted and
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