Credit card news

The latest credit cards news and tips

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

Money Editor

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

Money Editor

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

Bank fees fall, but Australians still fork out $3.56 billion

Liz Seatter

Senior Finance Writer

PayPal dives into declining credit card market

The new credit card comes hot on the heels of PayPal’s new buy now, pay later service also scheduled to kick off in a matter of weeks.

Credit Cards

09 Jun, 2021

3 min read

PayPal dives into declining credit card market

Liz Seatter

Senior Finance Writer

Stubborn credit card debt sticks at $20 billion

Australians have wiped $6.96 billion of debt accruing interest off their credit cards in the year since COVID hit, however RBA data released today shows this figure is starting to plateau.

Credit Cards

07 May, 2021

2 min read

Stubborn credit card debt sticks at $20 billion

Alex Ritchie

Personal Finance Editor

Travel spend on credit cards back thanks to trans-Tasman bubble

Credit card usage is making a resurgence compared to COVID-lows recorded this time last year, according to the latest Citi Australian Credit Card Index. April marks the third month in a row in which credit card spend was above COVID levels.

Credit Cards

06 May, 2021

3 min read

Travel spend on credit cards back thanks to trans-Tasman bubble

Mark Bristow

Personal Finance Editor

Credit card lending increasing, but yet to reach pre-COVID levels

Australians are understood to be spending more confidently on their credit cards, though not yet at the same rate as before the pandemic, according to recent statistics from the Australian Prudential Regulation Authority (APRA).

Credit Cards

30 Apr, 2021

2 min read

Credit card lending increasing, but yet to reach pre-COVID levels

Alex Ritchie

Personal Finance Editor

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.

Credit Cards

13 Apr, 2021

4 min read

Spend on travel up as consumer confidence bounces back

Liz Seatter

Senior Finance Writer

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.

Credit Cards

07 Apr, 2021

4 min read