Credit card news

The latest credit cards news and tips

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

Money Editor

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

Credit card debt hits lowest level since 2004

Alex Ritchie

Personal Finance Editor

CBA launches Australia’s second no interest credit card in as many days

Australia’s biggest bank, CBA, has announced a no interest credit card – the second of its kind in as many days.

Credit Cards

11 Sep, 2020

4 min read

CBA launches Australia’s second no interest credit card in as many days

Alison Cheung

Finance Writer

NAB launches Australia’s first interest-free credit card

NAB has rolled out Australia’s first no-interest credit card to hit back at buy now pay later services.

Credit Cards

09 Sep, 2020

4 min read

NAB launches Australia’s first interest-free credit card

Alex Ritchie

Personal Finance Editor

Booming buy now, pay later causing money troubles for 1 in 3 users

Almost a third of people who use buy now, pay later services are finding themselves in financial trouble, according to RateCity research.

Credit Cards

09 Sep, 2020

7 min read

Booming buy now, pay later causing money troubles for 1 in 3 users

Liz Seatter

Senior Finance Writer

$5.5 billion credit card debt wiped out during COVID

Australians have wiped a total of $5.5 billion of debt accruing interest from their credit cards since the start of COVID-19, a drop of 20 per cent.

Credit Cards

07 Sep, 2020

3 min read

$5.5 billion credit card debt wiped out during COVID

Alison Cheung

Finance Writer

Buy now pay later usage drops off during COVID-19

Fewer Australians are using buy now pay later services during the pandemic, while credit cards are still preferred by most.

Credit Cards

07 Aug, 2020

4 min read

Buy now pay later usage drops off during COVID-19

Liz Seatter

Senior Finance Writer

Australians wipe $4.2 billion off credit card debt since COVID

Australians have wiped a staggering $4.2 billion dollars off the national credit card debt accruing interest since the COVID pandemic hit.

Credit Cards

07 Aug, 2020

3 min read

Australians wipe $4.2 billion off credit card debt since COVID

Alison Cheung

Finance Writer

Millennials shop around for credit cards as spending patterns change

As spending habits shift due to COVID-19, millennials are shopping around for another credit card, with reward programs topping their wishlists.

Credit Cards

18 Jul, 2020

3 min read

Millennials shop around for credit cards as spending patterns change

Laine Gordon

Money Editor

Australians wipe a record $1.64 billion off credit card debts in May

New figures released today from the RBA show Australians wiped $1.64 billion off credit card debt accruing interest in May, the biggest monthly drop on record.

Credit Cards

07 Jul, 2020

3 min read