Credit card news
The latest credit cards news and tips
Spend on travel up as consumer confidence bounces back
Consumer confidence is back, and Aussies are using their plastic again for travel, with the latest Citi research showing spending increased 23 per cent month-on-month.
How capping credit card interest rates could save Australians $1.53 billion a year
Australia’s credit card debt has risen to a total of $20.03 billion dollars, according to new RBA statistics out today. It comes as there are growing calls for the federal government to regulate credit card interest rates so there’s a maximum margin with the RBA cash rate, which is 0.10 per cent.
Heritage Bank Gold Low Rate
Balance Transfer0% on Balance Transfers for 12 months
An ongoing low variable interest rate, plus lots of features, makes this one of our most popular credit cards.
For cardholders who like to keep costs down, this low rate, low fee credit card may do just that.
CBA to launch buy now, pay later platform – how it stacks up against Afterpay
CBA has today become the first big four bank to create its own buy now, pay later platform.
Payments giant PayPal to enter the buy now, pay later sector - how does it stack up?
Competition in the buy now, pay later sector has just stepped up a notch with PayPal announcing it’s joining the club.
Credit card debt drops by $149 million as Australians start the year prudently
Australians have started 2021 paying $149 million off their credit card debt in January and taking the scissors to their cards.
Buy now, pay later self-regulation missing some teeth: RateCity
The buy now, pay later industry’s new code of practice is a step in the right direction but it’s unlikely to stop many customers from overspending.
December spending spree kicks credit card debt back above $20 billion
Credit card debt accruing interest has risen for the second month in a row, now back above $20 billion dollars.
RBA governor encourages Aussies to send credit card companies a message
Reserve Bank of Australia (RBA) governor, Dr Philip Lowe, has expressed his “frustration” with credit cards charging interest rates upwards of 20 per cent, and encouraged Australians to shop around for better rates to send a message to card providers.
Click Frenzy: $58 billion spent on credit and debit cards in November
Australians went on a spending spree the month before Christmas, making purchases worth $58.31 billion according to the latest credit and debit card statistics released by the RBA today.
1 in 3 Aussies don’t know their credit card interest rate, do you?
New research from Defence Bank has found that one in three (35 per cent) of credit card holders don’t know their interest rate. If you’re constantly being stung by credit card interest, it may be worth considering switching to a low-rate credit card.
Credit card hangover: how to pay off your holiday debt
If you find yourself struggling with a credit card debt hangover, there are steps you can take to get your finances back under control.