Credit card news

The latest credit cards news and tips

Mark Bristow

Personal Finance Editor

Back to school expenses putting more pressure on post-holiday budgets

Australian parents are set to spend 9 per cent more on back to school supplies this year than they did last year, with three in five saying they plan to cover this cost using buy now pay later (BNPL) or credit cards.

Credit Cards

27 Jan, 2022

2 min read

Back to school expenses putting more pressure on post-holiday budgets

Liz Seatter

Senior Finance Writer

Australians went on a record breaking $25.7 billion credit card spending-spree in November – but can they pay it back now?

Australians went on a huge shopping-spree in November making almost $69 billion of transactions on their credit cards and debit cards in November – the highest values since records began in 2002.

Credit Cards

12 Jan, 2022

3 min read

Australians went on a record breaking $25.7 billion credit card spending-spree in November – but can they pay it back now?

Alex Ritchie

Personal Finance Editor

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.

Credit Cards

04 Jan, 2022

4 min read

Recovering from your buy now, pay later Christmas hangover

Liz Seatter

Senior Finance Writer

Boxing Day sales warning: don’t blow a hole in your budget bagging a ‘bargain’

Shoppers planning to spend big in the post-Christmas sales are being warned to create a budget and keep track of their spending.

Credit Cards

24 Dec, 2021

5 min read

Boxing Day sales warning: don’t blow a hole in your budget bagging a ‘bargain’

Alex Ritchie

Personal Finance Editor

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.

Credit Cards

07 Dec, 2021

3 min read

Credit card debt drops by $9.9 billion since the start of COVID

Alex Ritchie

Personal Finance Editor

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.

Credit Cards

06 Dec, 2021

6 min read

Over half of buy now pay later customers struggle to pay living expenses

Alex Ritchie

Personal Finance Editor

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%.

Credit Cards

01 Dec, 2021

3 min read

Westpac and subsidiaries cut credit card rates in time for Christmas

Mark Bristow

Personal Finance Editor

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.

Credit Cards

01 Dec, 2021

4 min read

Young Australians sidestepping everyday expenses for big-ticket purchases

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

Money Editor

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

Money Editor

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