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PayDay News | Australian Payments News

Debit surge: Westpac says credit cash-flow demand will survive fee and reward reset

Editor
30 Sep, 2026
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Warwick Ponder
Editor
30 Sep, 2026
Add us as a preferred source on Google
Rewards are shrinking and fees are increasing, but Westpac says consumer credit cards remain an important cash-flow tool as the RBA cuts interchange rates and CommBank prepares a rewards-heavy Discover charge card.
Debit surge: Westpac says credit cash-flow demand will survive fee and reward reset
Westpac Business and Wealth chief executive Paul Fowler and Managing Director, Merchant Payments, Global Transaction Services Joel Lenhardt. Background generated by AI.

Rewards are shrinking and fees are increasing, but Westpac says consumer credit cards remain an important cash-flow tool as the RBA cuts interchange rates and CommBank prepares a rewards-heavy Discover charge card.

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