Afterpay versus credit cards: which is better for your finances

A younger generation of Australians are turning to Buy Now, Pay Later services to fund their spending. But two of the big four banks are stepping up to the plate, offering a no-interest credit card alternative to Afterpay and its competitors.

Credit card debt hits lowest level since 2004

Australians have wiped a total of $6.3 billion of debt accruing interest from their credit cards since COVID, according to new RBA figures released today.

CBA launches Australia’s second no interest credit card in as many days

Australia’s biggest bank, CBA, has announced a no interest credit card – the second of its kind in as many days.

NAB launches Australia’s first interest-free credit card

NAB has rolled out Australia’s first no-interest credit card to hit back at buy now pay later services.

Booming buy now, pay later causing money troubles for 1 in 3 users

Almost a third of people who use buy now, pay later services are finding themselves in financial trouble, according to RateCity research.

$5.5 billion credit card debt wiped out during COVID

Australians have wiped a total of $5.5 billion of debt accruing interest from their credit cards since the start of COVID-19, a drop of 20 per cent.

Buy now pay later usage drops off during COVID-19

Fewer Australians are using buy now pay later services during the pandemic, while credit cards are still preferred by most.

Australians wipe $4.2 billion off credit card debt since COVID

Australians have wiped a staggering $4.2 billion dollars off the national credit card debt accruing interest since the COVID pandemic hit.

Millennials shop around for credit cards as spending patterns change

As spending habits shift due to COVID-19, millennials are shopping around for another credit card, with reward programs topping their wishlists.

Australians wipe a record $1.64 billion off credit card debts in May

New figures released today from the RBA show Australians wiped $1.64 billion off credit card debt accruing interest in May, the biggest monthly drop on record.

ME Bank, Heritage Bank switch on Apple Pay

Good news for ME Bank and Heritage Bank customers today, as the Australian lenders announce Apple Pay is now an available payment method

Credit cards still on the nose, however people with cards start reaching for them more

New figures out today from the RBA show the number of personal credit card accounts has dropped to the lowest point in almost a decade.

Are you putting more everyday spending on your credit card?

Lockdowns and social distancing have changed the way Australians are spending money, with many of us turning to credit cards to help manage our household budgets. But with our financial situations changing, is your credit card still providing the kind of value for money that it used to?