The Reserve Bank of Australia is proposing to cap credit card interchange fees at 0.3%, down from 0.8%

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The Reserve Bank of Australia is proposing to cap credit card interchange fees at 0.3%, down from 0.8%. - team member image

The Reserve Bank of Australia is proposing to cap credit card interchange fees at 0.3%, down from 0.8%. 21 July 2025 That's down from 0.8% currently and includes removal of it the weighted-average interchange benchmark of 0.5%. Banks warn this could dismantle loyalty and rewards programs and increase cardholder fees. One major bank is also considering withdrawing from Apple Pay. Read More