Credit card news

The latest credit cards news and tips

Eden Radford

External Comms Lead

$55 million lost to scammers this year… and counting

Australians lost over $55 million to scams in the first two months of 2024 alone, according to data from ACCC ScamWatch, with investment scams accounting for the overwhelming majority of the money lost by victims.

Credit Cards

13 Apr, 2024

5 min read

$55 million lost to scammers this year… and counting

Eden Radford

External Comms Lead

What to do if you’re struggling with credit card debt

Having credit card debt may not be out of the ordinary, but if you’re struggling to pay that debt off, it’s worth taking a moment to figure out a game plan, and fast.

Credit Cards

11 Apr, 2024

3 min read

What to do if you’re struggling with credit card debt

Eden Radford

External Comms Lead

Credit card debt rises for the third month in a row as households struggle to clear Christmas debt

Credit card debt attracting interest charges has risen for the third month in a row in a sign an increasing number of households are struggling to get on top of their debt in 2024.

Credit Cards

09 Apr, 2024

4 min read

Credit card debt rises for the third month in a row as households struggle to clear Christmas debt

Eden Radford

External Comms Lead

New year = more debt for Australian credit card holders

Household credit card debt rose by more than a quarter of a billion dollars in the month of January as shoppers struggled to clear their debts following a bumper spendathon in November.

Credit Cards

07 Mar, 2024

4 min read

New year = more debt for Australian credit card holders

Eden Radford

External Comms Lead

ANZ increases interest rates on select credit cards for second time in six months

ANZ, Australia’s fourth largest credit card provider, has today increased interest rates across select credit cards by 0.50 percentage points – the second hike in less than six months.

Credit Cards

22 Feb, 2024

4 min read

ANZ increases interest rates on select credit cards for second time in six months

Eden Radford

External Comms Lead

NAB increases rates on select credit cards

Australia’s second largest credit card provider, NAB, has today increased interest rates across select cards.

Credit Cards

13 Feb, 2024

6 min read

NAB increases rates on select credit cards

Eden Radford

External Comms Lead

Credit card debt creeps up as Australians pare back December spending

Australia’s total credit card bill attracting interest charges crept up in the month of December, hitting a total of $17.31 billion, an increase of almost $21 million.

Credit Cards

07 Feb, 2024

4 min read

Credit card debt creeps up as Australians pare back December spending

Eden Radford

External Comms Lead

Credit card school: what’s the right card for you?

The increase in credit card accounts may make for easy spending or cashing in for first class travel, but many of those who get credit cards are possibly turning to a finance solution that they don’t fully understand – or may get them into trouble.

Credit Cards

22 Jan, 2024

5 min read

Credit card school: what’s the right card for you?

Eden Radford

External Comms Lead

Card spending hits new record high in November

Card spending hit a record high in November, with the latest RBA data showing the total value of transactions on both debit and credit cards reached $76.38 billion.

Credit Cards

12 Jan, 2024

6 min read

Card spending hits new record high in November

Mark Bristow

Personal Finance Editor

Scam stats: how to stay safe these holidays

Fraud on payment cards is returning to pre-pandemic levels, with authorities and police warning Australians to be vigilant against scammers over the Christmas and New Year holidays.

Credit Cards

22 Dec, 2023

3 min read

Scam stats: how to stay safe these holidays

Eden Radford

External Comms Lead

Credit card debt ticks up in October

Australia’s total credit card debt attracting interest charges grew by $129 million in the month of October, the first increase since May.

Credit Cards

07 Dec, 2023

3 min read

Eden Radford

External Comms Lead

Shoppers warned to stay on track this Black Friday

Shoppers planning to hit the Black Friday sales should create both a list of things they need, and a water-tight budget, to avoid overspending or getting caught up in unnecessary debt.

Credit Cards

23 Nov, 2023

6 min read