Credit card news
The latest credit cards news and tips
Recovering from your buy now, pay later Christmas hangover
If you, like many Australians, have paid for your Christmas shopping through buy now, pay later platforms, you may find yourself with one or more repayments you’re now struggling to manage.
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Credit card debt drops by $9.9 billion since the start of COVID
The national credit card debt accruing interest has dropped by over half a billion dollars in just one month, down to the lowest level since May 2003.
Over half of buy now pay later customers struggle to pay living expenses
It’s a timely reminder to be careful with your finances as we enter the silly season, with a new report revealing that 61% of financial counsellor respondents saw most or all their clients using BNPL platforms struggle to meet living expenses.
Westpac and subsidiaries cut credit card rates in time for Christmas
Good news for credit card customers with Westpac and its subsidiaries, St. George, Bank of Melbourne and BankSA, reducing their credit card purchase rates by between 0.25% and 0.50%.
Young Australians sidestepping everyday expenses for big-ticket purchases
Have you ever put off paying for something you need until later so you can afford something more fun that you want today? New research indicates that you may be in good company, with nearly nine in ten young Australians ‘sidestepping’ everyday lifestyle costs to help save for expensive one-off purchases.
Black Friday warning: don’t send your budget into a black hole
Shoppers planning to spend big in the Black Friday and Cyber Monday sales are being warned to write out lists and set spending limits to avoid getting into trouble.
Spend wisely to avoid debt in the Black Friday & Cyber Monday sales
The upcoming Black Friday and Cyber Monday sales are set to attract a high number of Aussie shoppers looking to snap up a bargain for Christmastime. But buyer beware: it’s still easier than ever to accumulate debt through your credit card if you’re not careful.
80% of credit card users with debt don’t know their interest rate
With the silly season now upon us, shoppers using credit cards are being warned to be careful not to get stung with big interest bills.
Australians wipe $9.31 billion off credit card debt since COVID
The national credit card debt accruing interest has fallen to the lowest level in almost 18 years, as Australians continue to clear their debt in the latest lockdown.
Westpac launches 0% interest credit card to take on the buy now, pay later sector
Westpac has announced it’s launching a no interest credit card, similar to those launched by big bank competitors, CBA and NAB last year.