Credit card news

The latest credit cards news and tips

Liz Seatter

Senior Finance Writer

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 Cards

10 Mar, 2021

5 min read

Payments giant PayPal to enter the buy now, pay later sector - how does it stack up?

Liz Seatter

Senior Finance Writer

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.

Credit Cards

08 Mar, 2021

3 min read

Credit card debt drops by $149 million as Australians start the year prudently

Alex Ritchie

Personal Finance Editor

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.

Credit Cards

01 Mar, 2021

4 min read

Buy now, pay later self-regulation missing some teeth: RateCity

Liz Seatter

Senior Finance Writer

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.

Credit Cards

08 Feb, 2021

4 min read

December spending spree kicks credit card debt back above $20 billion

Mark Bristow

Personal Finance Editor

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.

Credit Cards

08 Feb, 2021

2 min read

RBA governor encourages Aussies to send credit card companies a message

Liz Seatter

Senior Finance Writer

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.

Credit Cards

12 Jan, 2021

3 min read

Click Frenzy: $58 billion spent on credit and debit cards in November

Alex Ritchie

Personal Finance Editor

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 Cards

12 Jan, 2021

4 min read

1 in 3 Aussies don’t know their credit card interest rate, do you?

Alex Ritchie

Personal Finance Editor

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.

Credit Cards

01 Jan, 2021

4 min read

Credit card hangover: how to pay off your holiday debt

Liz Seatter

Senior Finance Writer

Think twice before overspending at the Boxing Day sales

Consumer advocate RateCity.com.au is warning Australians to keep track of their spending in the post-Christmas sales, with the national total expected to hit $19.5 billion, according to the Australian Retailers Association.

Credit Cards

26 Dec, 2020

4 min read

Think twice before overspending at the Boxing Day sales

Laine Gordon

Money Editor

Credit card debt drops below $20 billion

New RBA figures out today show Australians have slashed the national credit card bill to $19.71 billion in October – the first time debt accruing interest has dropped below $20 billion in almost 16 years.

Credit Cards

07 Dec, 2020

3 min read

Credit card debt drops below $20 billion

Laine Gordon

Money Editor

Beware of the debt hangover this Black Friday

Australians are set to log on in record numbers to the Black Friday and Cyber Monday sales. But while retailers are promising customers big savings, RateCity.com.au is warning shoppers not to get carried away.

Credit Cards

26 Nov, 2020

3 min read

Beware of the debt hangover this Black Friday

Tony Ibrahim

Senior Journalist

A third of Australians are expected to spend this Black Friday weekend

Millions of Australians are readying to spend big during the ‘Black Friday’ weekend, even though they’ve spent recent months stockpiling savings and paying down credit card debt.

Credit Cards

26 Nov, 2020

4 min read