Change to way credit cards are assessed

By Megan Neil
Updated September 5 2018 - 5:41pm, first published 5:40pm
ASIC has set a three-year period to be used by banks when assessing applications for credit cards.
ASIC has set a three-year period to be used by banks when assessing applications for credit cards.

Consumers will only be given credit card limits they could repay within three years as part of moves to protect them from falling into a debt trap.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Orange news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.