Malcolm Knight: Why are credit card interest rates so high?

This week on the show were were joined by Malcolm Knight Financial Advisor from threefold.co.nz We dive into the issue of credit card interest rates and why they are so high? Are the banks justified in charging such high premiums for borrowing money? ...

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Looking to make sense of your dollars? Newstalk ZB’s Smart Money delves into the deep, dark recesses of unwanted debt, traverses the highs and lows of investments and helps to ensure you money works for you. Our industry experts give us their top tips on a wide selection of topics including mortgage rates, stock, savings, goal-setting and retirement.