Credit card news and advice

Australian credit card holders will face higher repayment costs as the major banks raise interest rates this month.

Financial comparison website mozo.com.au has found many Australian consumers are paying more in ATM fees now than they were 12 months ago.

A finance specialist has offered consumers advice as to whether they should pay off their credit cards with the highest balance first or those with a higher rate.

Credit card users need to be cautious when using the web, a new report has warned.

The Reserve Bank of Australia (RBA) is likely to raise the official cash rate at its meeting next week, a commentator has predicted.

Motorists may be left with more spare change in their pockets as the weekly fuel pricing cycle appears to have collapsed.

A number of airlines are switching to "cashless cabins" whereby air crew will no longer be able to accept cash as payment for on-board snacks and refreshments.

Australian bank customers should compare credit cards to avoid paying excessive fees, it has been suggested.

A growing number of Aussies are abandoning their big weekly shop in favour of topping up grocery supplies when they need to, it has been revealed.

ATM alerts that warn customers about the fees incurred for withdrawing cash have helped to save Australians $125 million, it has been revealed.

Grocery shoppers will be able to quickly compare prices after Woolworths put the cost of 5,000 items online.

Aussies spent a record $22 billion on credit and charge cards in December last year while card repayments also rose during the month.

Financial advisers are expecting to be overwhelmed with debt concerns as households struggle to pay higher water and power bills this year, the Herald Sun has said.

Qantas Airways has stepped up efforts to encourage its customers to sign up for a Woolworths loyalty card.

Australians are damaging their chances of securing loans and credit cards because they lack knowledge about their credit profiles, industry experts have said.

The taxi industry is set to crackdown on drivers who scam passengers that use credit cards as payment.

Aussie diners have had their finances hit by the huge mark-ups on the cost of water in restaurants.

The major Australian banks may still raise credit cardinterest rates despite the Reserve Bank’s (RBA) decision to keep the official rate at its present level, a commentator has suggested.

Aussies should avoid paying off their mortgage debt with a credit card, an expert website has advised.

Aussie shoppers are not getting a good return on supermarket reward schemes, a new report has found.

Woolworths may have begun a supermarket price war after it cut prices on thousands of items in a bid to attract customers.

Australians concerned about how much interest they are paying on the credit cards should consider switching, it has been claimed.

High credit card spending at the end of last year has led to a 25 per cent increase in debt collection work.

Grocery bills look set to fall after a supermarket chain agreed to end store price variations.

A passionate Aussie inventor has stretched his personal finances to the very limit to follow his dream.

Aussies are paying more than they expect in credit card interest charges because of a range of hidden fees.

Australian bank Westpac has blocked more than 10,000 skimmed cards in the wake of the country’s largest card fraud operation.

Credit card spending soared in November last year as confidence returned among Aussie shoppers.

A credit card scam has resulted in the theft of $50 million from more than 100 accounts in New South Wales.

Financial comparison website Mozo has warned Australians with high credit card debt to think carefully before opting for a special low rate balance transfer.