Credit card news
The latest credit cards news and tips
Buy now, pay later vs. credit cards: which should you choose?
Whether you’re a young Australian looking for your best option to gain access to credit, or a long-time credit card user wondering what the fuss is about BNPL services, let’s explore the benefits and risks of both options.
Bendigo Bank Low Rate Credit Card
Balance Transfer0% purchase rate and 0% balance transfer for up to 12 months, from account opening. 2% balance transfer fee applies.
A low rate Mastercard card with a balance transfer offer and one of the lowest annual fees on average.
Scams on the rise – how you can protect your money
Worrying new figures from the ABA show 37% of Australians have lost money to a scam, or have a family member, or close friend, who has. Here is what to do if you suspect you’ve been hacked.
Aussies slash credit card debt by $1.11 billion in lockdown
The national credit card debt accruing interest has fallen to its lowest level in almost two decades as Australians move to wipe debt in lockdown.
Citi enters Buy Now Pay Later race with Spot
Citi Australia has announced its new Buy Now Pay Later (BNPL) product Spot, to be available from October for use anywhere Mastercard is accepted; online, in-store, overseas and in Australia.
Australia stuck in a rut as credit card debt hovers at $20 billion
Australians appear to be stuck in a debt rut with new RBA figures out today showing credit card debt accruing interest is hovering around $20 billion for the tenth month in a row.
Bank fees fall, but Australians still fork out $3.56 billion
Australians forked out $3.56 billion in personal bank fees last financial year, new figures from the RBA show. This equates to around $364 per household in bank fees a year.
PayPal dives into declining credit card market
The new credit card comes hot on the heels of PayPal’s new buy now, pay later service also scheduled to kick off in a matter of weeks.
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.
Credit card lending increasing, but yet to reach pre-COVID levels
Australians are understood to be spending more confidently on their credit cards, though not yet at the same rate as before the pandemic, according to recent statistics from the Australian Prudential Regulation Authority (APRA).