Credit card news

The latest credit cards news and tips

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

Head of Public Relations

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

Head of Public Relations

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

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

Alex Ritchie

Personal Finance Editor

Afterpay versus credit cards: which is better for your finances

A younger generation of Australians are turning to Buy Now, Pay Later services to fund their spending. But two of the big four banks are stepping up to the plate, offering a no-interest credit card alternative to Afterpay and its competitors.

Credit Cards

15 Oct, 2020

7 min read

Afterpay versus credit cards: which is better for your finances

Laine Gordon

Head of Public Relations

Credit card debt hits lowest level since 2004

Australians have wiped a total of $6.3 billion of debt accruing interest from their credit cards since COVID, according to new RBA figures released today.

Credit Cards

07 Oct, 2020

4 min read