Most personal loan and credit card rate increases have tracked changes in the cash rate in recent months but there have been some notable exceptions.

According to the latest Mozo Banking Roundup, Latitude has notified customers that it will increase the interest rates on its GO Mastercard and GEM Visa cards from 23.95 per cent to 25.9 per cent next month – just shy of 200 basis points.

Latitude will also increase the monthly fee on both cards from A$8.95 to $9.95.

And it increased the rate on its car loan by 150 bps to 8.49 per cent.

SocietyOne increased its rate for “borrowers with excellent credit” by 200 bps to 8.45 per cent.

Mozo reports that such exceptions have been popping up for several months. In November, Credit Union SA increased its Visa Card rate by 150 bps, MoneyMe increased the rate on its Freestyle Virtual Mastercard by 50 bps and Australian Military Bank increased its unsecured personal loan rates by 130 bps.

In October, American Express increased the rates on a number of its rewards credit cards by 125 bps, with rates going as high as 21.99 per cent, and increased the rate on its Essential Credit Card by 200 bps to 16.99 per cent.

The lowest credit card purchase rate in the Mozo database is currently 7.49 per cent on G&C Mutual’s Low Rate Visa.

The lowest unsecured personal loan rate is 5.15 per cent, which Cashify is offering, and the lowest secured rate is Illawarra Credit Union’s 3.99 per cent variable.