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AAP
AAP
Alex Mitchell

Credit card points schemes in firing line after tweaks

The central bank has banned surcharge payments and cut interchange fees on credit cards. (James Ross/AAP PHOTOS)

Overseas trips and hotel stays funded through credit reward schemes could be in trouble as Australia's central bank cuts fees on card transactions.

The Reserve Bank has revamped card usage by banning surcharge payments and cutting interchange fees, in a move experts said has levelled the playing field for the average punter.

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