Credit card news

The latest credit cards news and tips

Nick Bendel

Property & Personal Finance Writer

Banks big and small have credit cards under 10%

Commonwealth Bank, Westpac and at least 10 other providers are offering credit cards with single-digit interest rates.

Credit Cards

12 Aug, 2018

2 min read

Banks big and small have credit cards under 10%

Nick Bendel

Property & Personal Finance Writer

New Auswide credit card provides interest rate certainty

Auswide Bank has launched a Visa credit card whose interest rate is tied to the official cash rate, two years after unveiling a similar home loan product.

Credit Cards

10 Aug, 2018

2 min read

New Auswide credit card provides interest rate certainty

Bria Horne

Personal Finance Writer

ACM Group found guilty of misconduct for "widespread" and "systemic" harassment of vulnerable consumers

Debt collectors ACM Group have been found to have been engaged in deceptive and misleading conduct relating to two “vulnerable consumers” in cases brought forward by the ACCC and ASIC. The firm, which used methods of harassment and coercion including multiple telephone calls, false threats and misinformation, have now been put on notice as a direct result of their conduct, which was found to infringe on Australian Consumer Law by the Federal Court.

Credit Cards

31 Jul, 2018

2 min read

ACM Group found guilty of misconduct for "widespread" and "systemic" harassment of vulnerable consumers

Mark Bristow

Personal Finance Editor

Three-year minimum expiry proposed for gift cards

Losing money on gift cards with surprise expiry dates or hidden fees may become a thing of the past, with the government considering reforms to national legislation.

Credit Cards

27 Jul, 2018

2 min read

Three-year minimum expiry proposed for gift cards

Georgie Hay

Our banks can do better than this: ASIC report highlights the need for greater credit card reform

ASIC’s proposed credit card reforms are another step towards better regulation around credit cards but more work is needed for Australians to step off the credit card debt treadmill.

Credit Cards

04 Jul, 2018

3 min read

Our banks can do better than this: ASIC report highlights the need for greater credit card reform

Alex Ritchie

Personal Finance Editor

Big weekends' cause of most lost credit cards

Planning a big one this weekend? You might want to triple check your credit card is still in your wallet, as 8am Monday morning is the most common time for Aussies to report their card as lost or stolen.

Credit Cards

02 Jun, 2018

2 min read

Big weekends' cause of most lost credit cards

Alex Ritchie

Personal Finance Editor

What budget? Holiday overspending costing Aussies $4.6 billion

Treating yourself while on holiday may be one of life’s small joys, but breaking the holiday budget is costing Aussies a collective $4.6 billion a year.

Credit Cards

29 May, 2018

2 min read

What budget? Holiday overspending costing Aussies $4.6 billion

Alex Ritchie

Personal Finance Editor

Banks ramp up credit card repayment plans

Banks are ramping up credit card repayment plans following the lightening success of Afterpay, with Australia’s biggest bank, Commonwealth also due to launch a repayment offering in coming weeks.

Credit Cards

22 May, 2018

4 min read

Banks ramp up credit card repayment plans

Mark Bristow

Personal Finance Editor

Australian borrowing slows

Australians are making fewer new borrowing commitments, and are more likely to borrow to buy a home or to spend on a credit card, according to the latest lending finance figures from the Australian Bureau of Statistics (ABS).

Credit Cards

15 May, 2018

2 min read

Mark Bristow

Personal Finance Editor

Average credit card interest rates continue falling

The trend towards low-rate credit cards has made an impact on the Australian marketplace, with the average credit card interest rate on RateCity falling to a new low in April 2018.

Credit Cards

05 May, 2018

2 min read

Average credit card interest rates continue falling

Mark Bristow

Personal Finance Editor

American Express cuts credit card interest rates

The latest change to credit card interest rates from American Express could see Australians clear their card debts a year and a quarter sooner, saving hundreds of dollars in interest payments, according to RateCity calculations.

Credit Cards

11 Apr, 2018

3 min read