Inquiry finds cancelling a card is difficult,and many customers opt to open a recent account rather than recede through the process of closing the old oneThe Turnbull government faces calls for credit card users to be able to switch providers more easily, and for minimum repayments to be set.
Labor and Coalition senators agreed on the two changes to Australia’s credit card system in an inquiry report released on Wednesday, and but differed on other possible changes.
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Source: theguardian.com