We take a look at the market movers and best backed runners for each race at Bendigo on Wednesday (29/7/2020) with Sportsbet.com.au, there has … Punters will share in a slice of the $20,000 if they can pick the seven winners from races 2-8 at Bendigo, while there is also a consolation pool of $2000.

"claiming they were charged "extra payments" on multiple occasions on top of their membership. Consumer advocacy group CHOICE has singled out major banks and Coles over what it says amounts to a $6.3 billion rip off on credit card interest rates.As the official cash rate sits at an all-time low of 0.25 per cent, Coles’ low rate Mastercard has risen from 9.99 per cent to 12.99 per cent over the past four years, CHOICE claims.ANZ, St George and Bendigo were among big banks also targeted in the analysis, standing accused of failing to pass on interest rate cuts to credit card customers over a nine-year period.“Banks have effectively stolen $6.3 billion from the pockets of Australians,” said CHOICE CEO Alan Kirkland.“While the cash rate has dropped from 4.75 per cent to 0.25 per cent since 2011, credit card rates have remained stubbornly high ... and some have even increased rates.“This is disappointing behaviour from an industry looking to restore trust after the scandals of the Banking Royal Commission.”Coles has cried foul, however, saying its credit card interest rates were in line with the basic rate of inflation and had remained steady at 12.99 per cent since September 2015.“The 9.99 per cent rate was a promotional offer for new customers between February and June 2016,” a Coles spokesman said.“The interest rate both before and after this period was 12.99 per cent, which is where it remains today.“We believe it is competitive when compared to similar cards available in the market.”ANZ also took issue with CHOICE, saying the advocacy group had selectively highlighted cards with a 20.24 per cent interest rate that included features such as rewards points and travel insurance.“ANZ reduced the rate on its low rate card by 1 per cent...to 12.49 per cent, the lowest among major banks’ comparable cards,” an ANZ spokesman said.“More than a third of our customers don’t pay interest on their credit cards on a regular basis.”Bendigo Bank said the interest rate on its Mastercard Platinum Rewards card had not been increased since it was launched and the CHOICE analysis compared two different products.“We offer several low interest rate credit cards for customers who have the ability to easily switch products to suit their individual needs at any time,” a spokesman said.“Over half of our customers pay their entire credit card balance in full each month - and pay no interest - and more than 60 per cent of customers currently hold our low interest rate products in the event they do wish to borrow and not repay in full.”CHOICE said while banks have bowed to pressure and cut interest rates on mortgages as the RBA pushes the cash rate down, there was no justification for banks failing to do the same on their credit card products.Kirkland said consumers should shop around for a better low rate deal on their card.“This will send the loudest message to the banks that they need to treat their customers fairly,” he said.But Bendigo Bank said it was misleading to compare interest rates on credit cards and mortgages.“Credit cards are unsecured lending products and feature higher operating costs and higher risk than fixed term, secured lending products such as mortgages,” the bank’s spokesman said.St George said it also had a low rate credit card option at 12.99 per cent with 0 per cent for 15 months on balance transfers, as well as a credit card option with no annual fee.“St George customers who have lost their job or suffered loss of income as a result of COVID-19 can access our credit card support package, which includes pausing repayments and charging no interest for three months,” a spokeswoman said.Failure to pass interest rate cuts on to credit card customers has cost Australia households $6.3 billion CHOICE claims.

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