Fixed payment credit card option introduced
Ross Greenwood speaks to Alan Machet the Citibank MD of Cards + Consumer Lending about a fixed payment option for credit cards.
One way the system works is if a person has an individual purchase for more than $500, they are allowed a fixed payment plan at reduced interest rates.
‘The point is to give customers control,’ Mr Machet said.
Click PLAY to hear Ross Greenwood with Alan Machet