Why cant we borrow from foreign banks? Are there any foreign banks operating in Australia that lend on residential properties? Is there a law that says you can only lend money to Australians at a level above the RBA rate?
If most loans are sourced from overseas. I still cannot understand why our interest rates are at 7% and other places like the United States its 2-3%. Any comments appreciated
Consumers need to spend more than $24,000 a year to reap the benefits from a rewards program, Canstar research manager Chris Groth says.
“If you are only spending $10,000 a year or less on your credit card, you are better off getting yourself a low-rate card,” he says.
“Especially if you revolve some balances, that’s if you carry over balances from one month to the next.
