Credit card news

The latest credit cards news and tips

Liz Seatter

Senior Finance Writer

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.

Credit Cards

25 Nov, 2021

3 min read

Black Friday warning: don’t send your budget into a black hole

Alex Ritchie

Personal Finance Editor

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.

Credit Cards

24 Nov, 2021

5 min read

Spend wisely to avoid debt in the Black Friday & Cyber Monday sales

Laine Gordon

Head of Public Relations

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.

Credit Cards

23 Nov, 2021

5 min read

80% of credit card users with debt don’t know their interest rate

Laine Gordon

Head of Public Relations

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.

Credit Cards

08 Nov, 2021

3 min read

Australians wipe $9.31 billion off credit card debt since COVID

Liz Seatter

Senior Finance Writer

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.

Credit Cards

20 Oct, 2021

4 min read

Westpac launches 0% interest credit card to take on the buy now, pay later sector

Laine Gordon

Head of Public Relations

Credit card debt continues to plummet in lockdown

The national credit card debt accruing interest has continued to tumble in lockdown, dropping by $582 million in the month of August, according to RBA statistics released today.

Credit Cards

07 Oct, 2021

2 min read

Credit card debt continues to plummet in lockdown

Alex Ritchie

Personal Finance Editor

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.

Credit Cards

22 Sep, 2021

3 min read

Scams on the rise – how you can protect your money

Laine Gordon

Head of Public Relations

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.

Credit Cards

07 Sep, 2021

2 min read

Aussies slash credit card debt by $1.11 billion in lockdown

Mark Bristow

Personal Finance Editor

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.

Credit Cards

05 Aug, 2021

3 min read

Citi enters Buy Now Pay Later race with Spot

Liz Seatter

Senior Finance Writer

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.

Credit Cards

07 Jul, 2021

3 min read

Australia stuck in a rut as credit card debt hovers at $20 billion

Laine Gordon

Head of Public Relations

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.

Credit Cards

17 Jun, 2021

4 min read