Rewards cards in the firing line. But is it all doom and gloom?

Brad Kelly
Payments Expert
23 Jul, 2025
The Reserve Bank of Australia has announced an intention to reduce credit interchange from a cap of 0.80% to 0.30%. The move has been welcomed by merchants across the nation who have for decades unwittingly subsidised rewards programs for the banks.
Rewards cards in the firing line. But is it all doom and gloom?

The Reserve Bank of Australia has announced an intention to reduce credit interchange from a cap of 0.80% to 0.30%. The move has been welcomed by merchants across the nation who have for decades unwittingly subsidised rewards programs for the banks.

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