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Stubborn credit card debt sticks at $20 billion
Australians have wiped $6.96 billion of debt accruing interest off their credit cards in the year since COVID hit, however RBA data released today shows this figure is starting to plateau.
Travel spend on credit cards back thanks to trans-Tasman bubble
Credit card usage is making a resurgence compared to COVID-lows recorded this time last year, according to the latest Citi Australian Credit Card Index. April marks the third month in a row in which credit card spend was above COVID levels.
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RateCity in the media
Mortgage deferrals over, penalties back – 7 News
Fix your finances in 2021 - Ch9 news
CBA launches new BNPL platform - Seven news
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Since 2007, RateCity has pioneered financial comparison in Australia, with the single goal of helping you save time, money and stress and making smart financial decisions. We do this through our easy to use calculations, comparison tools, guides and information, product expertise and extensive market coverage.