Latitude Financial Services has given us a reminder of why so many consumers have stopped using credit cards. Comparison site Mozo reported that Latitude increased the rate on its Infinity Visa by 326 basis points last month, taking the rate to 23.95 per cent. It increased the rate on Gem Visa and GO Mastercard by 250 bps. NAB has issued A$1.25 billion of subordinated medium-term notes under its domestic debt issuance program, made up of $1 billion fixed-to-floating rate notes due in 2032 and $250 million of floating rate notes also due in 2032. The fixed rate is 6.3 per cent and the floating rate is a margin of 280 basis points above the 90-day bank bill swap rate.