The Rise of Supermarket Credit Cards
Recent years have seen a big increase in competition within the Australian credit card industry, a sector that only five to ten years ago was heavily dominated by the big four banks. Some of these new issues have neen local non-bank issuers while others have been overseas banks looking for a slice of the profitable Australian banking market. A new sector that has emerged from this is the supermarket credit card with Coles group offering a card and more recently the Woolworths credit card. Along with department stores and supermarkets, credit cards in Australia are now issued by online retailers and…
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The Rise of Supermarket Credit Cards
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