Credit card news

Banks ramp up credit card repayment plans

Banks are ramping up credit card repayment plans following the lightening success of Afterpay, with Australia’s biggest bank, Commonwealth also due to launch a repayment offering in coming weeks.

Australian borrowing slows

Australians are making fewer new borrowing commitments, and are more likely to borrow to buy a home or to spend on a credit card, according to the latest lending finance figures from the Australian Bureau of Statistics (ABS).

Average credit card interest rates continue falling

The trend towards low-rate credit cards has made an impact on the Australian marketplace, with the average credit card interest rate on RateCity falling to a new low in April 2018.

American Express cuts credit card interest rates

The latest change to credit card interest rates from American Express could see Australians clear their card debts a year and a quarter sooner, saving hundreds of dollars in interest payments, according to RateCity calculations.

Credit card providers fight for business with 0% balance transfer offers

There are several dozen credit cards in Australia that currently offer 0 per cent balance transfers for at least one year.

Westpac's least-cost plan for contactless card payments

Westpac has confirmed it plans to offer least-cost routing for contactless debit card payments, which could allow retailers to lower operating costs and pass the savings on to Australian shoppers.

Credit cards charging as little as 8.99% interest

At least 10 Australian credit card providers are currently offering credit cards with purchase rates of under 10 per cent.

Plenty of credit cards with $0 annual fee

There are at least 20 credit cards that don’t charge an annual fee, according to a new analysis of the Australian credit card market.

The cost of a frequent flyer toaster soars as credit card changes sting

Making the most of your rewards card

Goodbye Opal, hello credit card: Sydney transport goes contactless

Sydney commuters can now “tap on and off” with their credit card, debit card or mobile device on all government-owned ferry and light rail services.

ANZ and Westpac refund millions to credit card holders

ASIC has announced that ANZ and Westpac will give a combined $21 million back to credit card customers, following concerns about their lending practices.