Mozo credit card news and advice

Aussies wary of credit card debt, new figures show

Wed, 08 Feb 2012 13:00:00 GMT

Australians appeared to be increasingly wary of accumulating new credit card debt in the fourth quarter of 2011, new figures have suggested.

Credit card holders urged to be wary of identity fraudsters

Tue, 07 Feb 2012 13:00:00 GMT

Aussies who use their credit cards to buy items online have been told to be wary of identity fraudsters. Christine Christian of Dun & Bradstreet told News Limited that the growing use of ecommerce websites has increased the number of identity theft cases across Australia. She suggested that criminals can use very basic information - such as details that are entered into social networking sites - to set up bank accounts and take out loans under the guise of an unsuspecting person. Ms Christian added that Aussies should keep a close eye on their bank statements on a regular basis to ensure nothing untoward is happening. "Unusual credit card or banking activity is usually the first sign of fraud, which is why it is vital to monitor all active accounts on a regular basis," she was quoted as saying. The Bankwest Cash Report for January 2012 recently indicated that Aussies are becoming increasingly reliant on credit and debit cards, as the number of people using plastic to pay for goods grew by eight per cent between November 2010 and the same month last year.

Credit card holders 'not receptive to paywalls'

Thu, 02 Feb 2012 13:00:00 GMT

Aussies are among the most sceptical people in the world when it comes to paying for online content, a new study has confirmed.

Aussies use credit cards online to snap up electronics, study shows

Thu, 26 Jan 2012 13:00:00 GMT

Aussies are increasingly using their credit cards to buy electrical gadgets via the internet, a new study has shown.

Aussies move to slash credit card debt, study shows

Tue, 24 Jan 2012 13:00:00 GMT

A growing number of Aussies are making significant cuts to their levels of credit card debt, with many concerned that an economic crisis is on the horizon. According to new research conducted by Galaxy on behalf of ING Direct, more than half of Aussie credit card holders are paying off their balance in full each month, news.com.au reports. The survey also indicated that 17 per cent of the population does not have a credit card at all, which is up from 11 per cent in the first quarter of 2011. ING Direct spokesman David Breen told the news provider that people have finally realised that they need to owe less and save more. "We're expecting this more prudent attitude to continue, we don't think it's a flash in the pan, we think it's a long term trend and it's a positive trend," he remarked. Earlier this month, figures released by the Reserve Bank of Australia indicated that levels of credit card debt have reached record highs in Australia, with the total amount owed surpassing the $50 billion mark.

Take retailers up on low prices pledge, says expert

Sun, 22 Jan 2012 13:00:00 GMT

Bosses at consumer organisation Choice have urged credit card holders to pursue offers made by retailers who pledge to meet the low prices of rival stores. Many shop owners advertise that they will match or beat any price that is found for goods elsewhere, but according to spokesman for the group Christopher Zinn, few Aussies actually take them up on the deal, News Limited reports. He said that although people are reluctant to visit numerous shops looking for the cheapest rates, the internet is playing its part in helping Aussies reduce the amount they are shelling out on their credit cards. In many cases, stores require proof that an item can be purchased for less elsewhere, which has made the internet even more invaluable to shoppers. "People will print it [price] out and take it into a store and see if they can price match. And if they can't they'll get it online," he was reported as saying. Last week, the Sunday Telegraph reported that more credit card users are successfully haggling over prices with retailers in Sydney, as shop owners continue to fight each other for trade.

Online shopping contributes to increased credit card debt

Wed, 18 Jan 2012 13:00:00 GMT

A peak in online shopping in the build-up to Christmas has resulted in many more Aussies sitting on large amounts of credit card debt. Figures have suggested that eight per cent of all credit and debit card transactions in the first 15 days of December were attributed to online retailers, news.com.au reports. According to director at MyBudget Tammy May, there was an "unprecedented jump" in internet sales last month and many credit card holders will be paying the price for their lavish spending well into 2012. She told the news provider that her firm has seen a sharp rise in the number of people seeking debt advice this month when compared with previous years. "It's not just buying the Christmas presents; it's the food, the travel and all the extra things we do at Christmas that really impacts on our financial position for months afterwards," she commented. Statistics published by the Reserve Bank of Australia recently indicated that levels of credit card debt across Australia have now surpassed the $50 billion mark for the first time ever.

High dollar leads to increased credit card spending

Tue, 17 Jan 2012 13:00:00 GMT

The current high value of the dollar has been cited as a major factor behind a slight increase in the number of Aussies buying goods on their credit cards in January.

Credit card users 'increasingly haggling over prices'

Sun, 15 Jan 2012 13:00:00 GMT

Shrewd Aussie credit card users are getting more bargains when they hit the high street, as an increasing number of retailers are willing to negotiate on the price of goods in order to boost flagging sales figures. A study conducted by the Sunday Telegraph found that many renowned stores in Sydney were being flexible over their prices so that more money would reach the tills. Retailers of a range of products, from shoes to flat screen TVs, were quite happy to haggle, the survey found. Spokeswoman for industry watchdog Choice Ingrid Just told the news provider that Australia has never had a bartering culture, but the economic downturn has forced many traders to take drastic measures in order to survive. "Try it with your car insurance and mortgage, because you'll be surprised at the discounts you can get," she advised. Figures released by the Reserve Bank of Australia last week indicated that Aussies are still spending plenty of money, as levels of credit card debt have surpassed the $50 billion mark.

Aussies' credit card debt reaches record high

Wed, 11 Jan 2012 13:00:00 GMT

The amount of credit card debt racked up by Aussies has reached a record high of more than $50 billion, according to statistics released by the Reserve Bank of Australia today (January 12th). Figures showed that this huge sum was surpassed in November 2011 and spending levels are expected to be even higher when the next batch of results are published, as the busy Christmas shopping period will be taken into account. There are 15 million credit cards in circulation across the country, meaning the average debt on each piece of plastic is in the region of $3,333. Vice-president of strategy and corporate affairs at MasterCard Australia David Masters told the Sydney Morning Herald that the huge overall debt is unsurprising. "As the Australian economy has steadily grown over the past decade, it's logical that credit card balances have, to a degree, tagged along for the ride," he remarked. The figure of $50 billion is significantly higher than calculations made by the Australian Prudential Regulation Authority, which believed debt levels to be at around $40.6 billion in November, News Limited reported.

Aussies urged to address credit card debt

Sun, 08 Jan 2012 13:00:00 GMT

Aussies have been urged to take action in order to stop their levels of credit card debt from spiralling out of control. According to the Australian Prudential Regulation Authority, household credit card loans reached a record-high $40.6 billion in November, News Limited reports. Executive director at Financial Counselling Australia Fiona Guthrie stated that this figure is likely to be even higher in the aftermath of the festive season. She said it is extremely stressful to have credit card debt hanging over you and Aussies should do all they can to clear their arrears as much as possible. "You might need to reassess your spending habits; you might need to look at whether there are ways to increase your income, selling assets," she was reported as saying. Ms Guthrie also warned Aussies to be wary of "shortcuts" such as companies offering loan consolidation services. A recent study by ING Direct showed that more than one-third of Aussies planned to address their financial problems by attempting to save more money in 2012.

Will NFC spell the end of the credit card?

Thu, 08 Dec 2011 13:00:00 GMT

Australians could see credit cards go the way of the humble cheque book if near field communication (NFC) takes off and more people start paying for goods and services with their phones.

Credit card users 'will not benefit from rate cuts'

Thu, 08 Dec 2011 13:00:00 GMT

Christmas shoppers who are planning to use their credit cards to purchase the bulk of their festive gifts will not benefit from the recent cut to interest rates. According to data compiled by Mozo on behalf of the Daily Telegraph, only five out of 58 credit card providers have slashed their rates by the amount advised by the Reserve Bank of Australia earlier this week (December 6th). This means that people will spend at least $30 million extra on their presents this year. ANZ was the only major bank to cut its rates, while some plastic issuers, including the Macquarie Bank, actually raised the rates on some of their products. Director of Mozo.com.au Kirsty Lamont told the news provider that it typically takes at least two months for Aussies to pay off the card debt they accrue at Christmas. "The banks might have decided to play nice for home loan customers, but credit card customers are not seeing the same festive spirit when it comes to rate cuts," she commented.

Australia's economy continues expanding

Wed, 07 Dec 2011 13:00:00 GMT

Credit card customers have bolstered the Australian economy, lifting overall spending and increasing gross domestic product (GDP) by one per cent.

Aussies 'will keep a tighter grip on credit cards this Christmas'

Tue, 29 Nov 2011 13:00:00 GMT

Christmas usually entails lavish spending, but 2011 may be an exception to this rule, as a new study has shown Aussies will be more frugal with how much they shell out on their credit cards.

Online credit card users urged to be cautious

Sun, 27 Nov 2011 13:00:00 GMT

Credit card users searching for cheap Christmas presents online have been urged to be careful.

Credit card customers 'recognise benefits of technology'

Tue, 22 Nov 2011 13:00:00 GMT

Aussies who are looking to compare credit cards are continuing to search for packages that rely on cutting edge technology.

Aussies increasingly using credit cards for online purchases, study shows

Thu, 17 Nov 2011 13:00:00 GMT

A growing number of Aussies are using their credit cards to snap up goods from online retailers, new figures have shown.

Aussies more confident using credit cards, figures suggest

Wed, 16 Nov 2011 13:00:00 GMT

Aussies appear to be using their credit cards more frequently, according to new statistics released by the Commonwealth Bank (CBA).

Credit card limits rose 1.5 per cent over last 12 months

Mon, 14 Nov 2011 13:00:00 GMT

Credit card customers in Australia saw the average limit on their plastic rise by 1.5 per cent over the last 12 months, new figures have revealed.

Consumers more optimistic after RBA rate cut

Thu, 10 Nov 2011 13:00:00 GMT

The latest Reserve Bank of Australia (RBA) interest rate reduction has boosted consumer confidence, which may result in more people opting to spend money on their credit cards.

Instances of credit card fraud 'low in Australia'

Tue, 01 Nov 2011 13:00:00 GMT

An official from MasterCard has asserted that there are relatively few instances of credit card fraud in the country when one considers how many transactions take place.

Aussies 'should feel comfortable using credit cards'

Sun, 30 Oct 2011 13:00:00 GMT

A senior official at MasterCard has said Aussies using the firm's credit cards should be confident that they are at a low risk of losing money due to fraud in light of the company's zero liability policy.

Debit and credit card transactions to top $4bn

Wed, 26 Oct 2011 13:00:00 GMT

Australians are expected to spend more than $4 billion using their debit and credit cards over the course of 2011, according to new figures.

Low rate credit cards 'can make a difference'

Thu, 20 Oct 2011 13:00:00 GMT

Aussies should take the time to compare low rate credit cards to ensure they get the best deal because it can make a significant difference to the amount they have to pay back, an expert has stated.

Identity fraud has affected 20 per cent of Aussies

Tue, 18 Oct 2011 13:00:00 GMT

Credit card customers may be concerned to learn that 2.6 million Australians have fallen victim to fraudsters, with Generation Y men the most at risk, a new survey has found.

Bankruptcies drop to five-year low

Tue, 18 Oct 2011 13:00:00 GMT

With the use of credit cards declining as Aussies tighten their purse strings and take more care with their finances, the number of bankruptcies in the country has fallen to a five-year low.

Personal finance commitments continue to rise

Mon, 17 Oct 2011 13:00:00 GMT

Between July and August this year, there was a 0.6 per cent increase in personal finance commitments in the country, credit card customers may be interested to learn.

ARA expresses concern over carbon tax legislation

Thu, 13 Oct 2011 13:00:00 GMT

Earlier this week, the government passed the much-discussed carbon tax legislation, but the move has caused the Australian Retailers' Association (ARA) to express concern about the ramifications of the bill.

Consumer sentiment increases 0.4 per cent

Wed, 12 Oct 2011 13:00:00 GMT

Aussies may be more inclined to purchase goods with their low rate credit cards this month compared with September, as the latest consumer sentiment report has shown an improvement in confidence.

Aussie banks 'flush with funds to lend'

Tue, 11 Oct 2011 13:00:00 GMT

Aussies considering taking out a home loan or getting credit cards may be encouraged to learn that one expert has claimed banks in the country are "flush with funds".

Veda calls for quick turnaround on credit reporting reforms

Thu, 06 Oct 2011 13:00:00 GMT

Credit agency Veda has called on the government to ensure that its draft plan for reform of credit reporting laws goes through quickly, those with credit cards may be interested to learn.

Australia 'needs credit cards that cannot be used outside the country'

Tue, 04 Oct 2011 13:00:00 GMT

Australians should be able to own credit cards that cannot be used outside of the country's borders, according to a Queensland police chief.

Private sector credit increases in August

Sun, 02 Oct 2011 13:00:00 GMT

More people in the private sector may have been inclined to compare credit cards in August, new figures suggest.

Visa voices concern over credit card surcharges

Sun, 02 Oct 2011 13:00:00 GMT

Aussies going online to compare credit cards may be interested to learn that Visa has struck out at merchants in the country for putting excessive surcharges on purchases made using plastic.

Travel insurance offered with credit cards 'should be checked thoroughly'

Thu, 29 Sep 2011 14:00:00 GMT

People planning to take a break overseas in the coming months may be thinking about using travel insurance provided by their credit card company, but consumers have been urged to check policies before they go away.

Credit card security 'needs improving'

Tue, 27 Sep 2011 14:00:00 GMT

The security provisions protecting those with credit cards may need to be improved in light of a recent report by Verizon.

Cautious spending habits 'unlikely to change'

Thu, 22 Sep 2011 14:00:00 GMT

Aussies are unlikely to forgo saving in order to start spending more money with their credit cards, according to recent analysis by the Reserve Bank of Australia (RBA).

Bank accounts to be protected following data compromise in Victoria

Wed, 21 Sep 2011 14:00:00 GMT

Following data breaches at two merchants in Victoria, a number of banks have revealed that they are taking steps to protect the bank accounts of their customers.

Credit card use to slow as dollar weakens?

Tue, 20 Sep 2011 14:00:00 GMT

Aussies shoppers may be less likely to use their credit cards in the coming months as the dollar has started to weaken and slip back into parity with the US dollar.

Aussies 'confident they will make millions'

Mon, 19 Sep 2011 14:00:00 GMT

Credit card customers may be interested to learn that a recent study has found that Australians are more confident about their ability to make millions of dollars than their American and UK counterparts.

Generation X 'least financially secure'

Sun, 18 Sep 2011 14:00:00 GMT

Generation X Aussies may be in greater need of credit cards to help them get by, as a recent survey has found that this age-group is the least secure financially.

Credit cards being used for shopping on smartphones

Tue, 13 Sep 2011 14:00:00 GMT

A growing number of Australians are putting their credit card details into their smartphones to shop online through the mobile devices, according to a recent study conducted by Google.

Personal finance lending 'increased in July'

Sun, 11 Sep 2011 14:00:00 GMT

Aussies applying for credit cards may be encouraged to learn that the latest data from the Australian Bureau of Statistics revealed that in July there was an increase in the value of commitments.

Credit card debt falls to record low

Sun, 11 Sep 2011 14:00:00 GMT

Credit card debt among Aussies fell by a record amount in July as cautious consumers looked to consolidate debt and reign in spending.

Parking meters in Adelaide may soon accept credit cards

Wed, 07 Sep 2011 14:00:00 GMT

Credit card users in Adelaide may soon find it easier to pay for parking spots as the local council is considering introducing meters that accept plastic.

Westpac figures show slow growth in private credit

Wed, 31 Aug 2011 14:00:00 GMT

Data from Westpac has revealed that credit extended to people in the private sector, for example through credit cards, rose slightly during July.

Strong Aussie banking sector 'spells good news for borrowers'

Thu, 25 Aug 2011 14:00:00 GMT

The strength of the banking sector in Australia has been identified as something that is particularly beneficial to those requiring credit cards or loans.

MasterCard chief backs RBA plans to review credit card surcharges

Wed, 24 Aug 2011 14:00:00 GMT

The Reserve Bank of Australia's (RBA's) decision to review the surcharges levied against consumers by retailers and other service providers using credit cards has been backed by MasterCard divisional president of Australasia Eddie Grobler.

Single Aussies on a budget advised to get low-balance credit card

Tue, 23 Aug 2011 14:00:00 GMT

Young, single people who are considering getting a credit card have been urged to consider opting for one with a low balance.

Spending on credit cards for business flights steadily rising

Mon, 22 Aug 2011 14:00:00 GMT

Aussies travelling internally on business flights are facing heftier bills on their credit cards as a result of the rising cost of air travel.

Aussies advised to shop around for credit cards

Wed, 17 Aug 2011 14:00:00 GMT

Going online to compare credit cards may enable those who already have plastic to save money, an expert has suggested.

David Jones to tempt credit card holders with 24-hour shopping

Wed, 03 Aug 2011 14:00:00 GMT

Retailer David Jones has revealed that it is considering enabling credit card holders shop around the clock in a bid to drive sales.

Credit card customers 'should ensure they pay bills on time'

Tue, 02 Aug 2011 14:00:00 GMT

Aussies should ensure they pay off their credit card bills on time, particularly if they plan to apply for home loans or similar products in the future, an expert has stated.

Consumers to pay more for beer and cigarettes

Mon, 01 Aug 2011 14:00:00 GMT

Aussies planning to use their credit cards to purchase beer and cigarettes will now have to pay more for the products as new increases kicked in on Monday (August 1st 2011).

Low-rate credit cards do little to boost Australian consumer confidence

Wed, 27 Jul 2011 14:00:00 GMT

Low-rate credit cards have not been able to stymie the decline in consumer confidence across Australia.

Consumer watchdog calls for limits on credit card surcharges

Sun, 24 Jul 2011 14:00:00 GMT

Choice, the consumer watchdog, has called on the Reserve Bank of Australia (RBA) to estimate how much is paid by the public in credit card surcharges and to take steps to limit the amount merchants can charge.

CBA fights against RBA cap on credit card surcharges

Wed, 20 Jul 2011 14:00:00 GMT

The Commonwealth Bank of Australia (CBA) is appealing to the Reserve Bank of Australia (RBA) to abandon plans to introduce a cap on credit card surcharges.

Aussies warned about carbon tax scams

Wed, 13 Jul 2011 14:00:00 GMT

The credit card and bank account details of Aussies are being targeted by con artists who are calling people offering carbon tax compensation.

Credit cards 'in greater demand over the last 5 years'

Wed, 13 Jul 2011 14:00:00 GMT

The demand for credit cards has surged in the last five years, figures from the Reserve Bank of Australia (RBA) have revealed.

Aussies advised to make use of savings accounts

Mon, 11 Jul 2011 14:00:00 GMT

Aussies have been encouraged to use savings accounts to put money aside each month rather than rely on credit to make ends meet.

Gen Y members 'are more careful with their credit cards'

Sun, 10 Jul 2011 14:00:00 GMT

Youngsters who fall under the Generation Y category have been found to be more responsible with their credit cards than some may have previously believed.

Two-thirds of Aussies use credit cards on holiday

Mon, 04 Jul 2011 14:00:00 GMT

While on their breaks abroad, two-thirds of Australians use their credit cards to pay for goods and take out cash, new research shows.

One in ten Aussies 'misinformed their bank'

Sun, 03 Jul 2011 14:00:00 GMT

One in ten Australians applying for credit cards or other financial products have deliberately given incorrect information to their bank, new figures show.

Confidence in the economy drops among Aussies

Sun, 03 Jul 2011 14:00:00 GMT

Consumer confidence in Australia dropped in the six months leading up to April 2011, according to the latest survey by MasterCard.

Woolworths' contactless credit card use to boost confidence

Wed, 29 Jun 2011 14:00:00 GMT

The introduction of contactless credit cards at Woolworths outlets is set to have a major impact on consumer confidence in the technology, it has been claimed.

PIN free cards criticised by pensioner group

Tue, 28 Jun 2011 14:00:00 GMT

The move by banks to introduce credit cards that do not require signatures or PINs has been slammed by National Seniors Australia (NSA).

Credit cards 'will remain a favourite payment option'

Mon, 27 Jun 2011 14:00:00 GMT

Aussies are unlikely to abandon debit and credit cards as their favourite methods of payment any time soon, it has been claimed.

New laws aimed at cutting credit card debt passed

Wed, 22 Jun 2011 14:00:00 GMT

Aussie consumers looking to compare credit cards could find themselves better protected from "tick 'n' flick" deals from now on.

Credit card reforms 'should be applied to existing plastic'

Sun, 19 Jun 2011 14:00:00 GMT

Greens MP Adam Bandt has stated that the new credit card reforms set to come into force next July should be extended to all plastic.

Credit card fees paid by households drop

Thu, 16 Jun 2011 14:00:00 GMT

The fees charged by banks to households using credit cards were lower in 2010 than in the preceding year, new figures show.

Consumers 'may find ways round credit card reforms'

Wed, 15 Jun 2011 14:00:00 GMT

The introduction of credit card reforms by the government could see wily consumers finding alternative ways to get a large amount of credit.

Credit card users in Australia 'pay more for gadgets'

Tue, 14 Jun 2011 14:00:00 GMT

Aussies who love to go out on a spending spree with their credit cards to purchase the latest gadgets may be spending up to 50 per cent more than their US counterparts.

Swiping credit cards 'leaves users open to fraud'

Mon, 13 Jun 2011 14:00:00 GMT

Australians have been warned to be wary when using their credit cards on shopping trips and to opt to use chip technology wherever possible.

Paying off credit card bills 'is important'

Sun, 12 Jun 2011 14:00:00 GMT

Young Aussies have been encouraged to ensure they pay their credit card bills promptly, as failure could adversely affect their credit rating.

MasterCard hits out at excessive surcharges on credit cards

Wed, 08 Jun 2011 14:00:00 GMT

Credit card provider MasterCard has struck out at merchants that levy excessive surcharges on transactions.

Cap on credit cards surcharges may be introduced by RBA

Tue, 07 Jun 2011 14:00:00 GMT

The Reserve Bank of Australia (RBA) has revealed it is looking into introducing a cap on credit card surcharges after figures revealed that about 40 per cent of very large merchants levy a fee.

Credit cards 'will not be disappearing soon'

Tue, 07 Jun 2011 14:00:00 GMT

Despite firms trialling different options for buying goods, such as contactless payment systems and phones that can be swiped, credit cards are not likely to replaced any time soon, it has been claimed.

Shoppers struggle as banks cancel credit cards

Wed, 01 Jun 2011 14:00:00 GMT

Consumers purchasing goods over the weekend may have had to wait to buy their chosen products as a number of major banks cancelled their credit cards.

Aussies 'spending more with credit cards in rural areas'

Thu, 26 May 2011 14:00:00 GMT

People in rural areas of Australia are spending more than those who live in metropolitan locations, according to a new study.

Banks 'forced to cancel credit cards'

Thu, 26 May 2011 14:00:00 GMT

Several banks have been forced to take action and cancel some credit cards following a security breach at a merchant.

University of Newcastle staff rack up $19m credit card bill

Wed, 25 May 2011 14:00:00 GMT

A recent audit at the University of Newcastle revealed that the 1,001 employees that had corporate credit cards managed to spend $19 million last year.

Coles abandons PIN usage for small credit card purchases

Sun, 22 May 2011 14:00:00 GMT

Aussies making purchases under $35 on their credit card at Coles outlets may be able to do so without using their personal identification number (PIN) or signing a receipt.

Woolworths to start using payWave credit cards

Thu, 19 May 2011 14:00:00 GMT

Consumers shopping at stores belonging to Woolworths Group may soon be able to use credit cards that do not require a signature or PIN.

Men 'more likely to use credit cards for impulse purchases'

Tue, 17 May 2011 14:00:00 GMT

Couples fighting for control of credit cards may want to consider handing over their plastic to the female members of the family, as recent research suggests they are less prone to impulse buys.

Symantec chief highlights need for tighter credit card security

Mon, 16 May 2011 14:00:00 GMT

Better regulations regarding privacy breach notification is needed to ensure the credit card details of consumers remain safe, it has been claimed.

Aussies 'are being more cautious with their credit cards'

Mon, 16 May 2011 14:00:00 GMT

The tough financial situations many Aussies are struggling with at the moment are contributing factors to their reticence to use credit cards, it has been suggested.

Debit card users 'should try dollar-cost averaging when travelling'

Mon, 16 May 2011 14:00:00 GMT

Aussies who are planning to use their debit cards while overseas may want to protect themselves against fluctuations in currency values by trying dollar-cost averaging, according to one expert.

RBA: Aussies owe an average of over $3k on their credit cards

Sun, 15 May 2011 14:00:00 GMT

On average, each Aussie with a credit card has $3,321 of debt to pay off, according to figures from the Reserve Bank of Australia (RBA).

Credit card rates 'increase 3 years after a crisis'

Thu, 12 May 2011 14:00:00 GMT

Aussies going online to compare credit cards may want to keep an eye on the rates they pay while they have their plastic as they often increase about three years after a financial crisis.

Aussies 'should take the time to analyse their debt'

Thu, 12 May 2011 14:00:00 GMT

Those using credit cards to make regular purchases should take the time to look at the money they owe and formulate a plan to pay off their debts, it has been suggested.

Aussies to use credit cards to buy drive-through groceries?

Tue, 10 May 2011 14:00:00 GMT

People looking for more convenient ways of doing their shopping could find using their credit card to pay for their goods online and picking them up at a drive through may save them time and effort.

Demand for credit cards increases

Sun, 08 May 2011 14:00:00 GMT

Demand for consumer credit, for example credit cards and personal loans, rose by 0.4 per cent in the first quarter of 2011 compared to the same period the year before.

Surcharges on credit cards 'exceed payment fees'

Sun, 08 May 2011 14:00:00 GMT

Consumers are being charged more than the payment fee required by many retailers when they purchase goods or services on their credit cards, new research indicates.

Invites to raise credit card limits to lead to fines

Mon, 02 May 2011 14:00:00 GMT

Credit card customers are unlikely to be invited to increase their credit card limits after the government ruled that banks will be fined $220,000 each time they make such an offer.

Adelaide PlayStation user has $2k in unauthorised charges on credit card

Wed, 27 Apr 2011 14:00:00 GMT

Following Sony's announcement that a security breach may have seen the details of its 77 million PlayStation users exposed by hackers, a man in Adelaide has found that $2,000 has been run up on his plastic.

PlayStation users urged to stop their credit cards

Tue, 26 Apr 2011 14:00:00 GMT

PlayStation owners in Australia may want to go online to compare credit cards after the New South Wales (NSW) Police fraud squad warned customers to cancel their plastic.

Aussie retail spending dominated by Coles and Woolworths

Mon, 25 Apr 2011 14:00:00 GMT

Nearly 40 per cent of retail spending in Australia goes to either Coles or Woolworths, recent figures have revealed.

Credit cards 'will be used to pay the bills of 45% of Aussies'

Tue, 19 Apr 2011 14:00:00 GMT

Large numbers of Australians are expected to use their credit cards to cover their bills in the next three months.

Credit card users 'should take care when buying online'

Tue, 19 Apr 2011 14:00:00 GMT

Consumers who use their credit cards for online shopping purposes have been told to be careful when purchasing items from websites.

Aussie banks 'have underestimated the cost of living'

Mon, 18 Apr 2011 14:00:00 GMT

Banks in Australia are seriously underestimating the cost of living when they approve credit cards and other products for their customers, new research has suggested.

Water bills 'have risen 10% each year'

Thu, 14 Apr 2011 14:00:00 GMT

City-dwelling Aussies are spending an increasing amount of money on their water bills each year, recent figures indicate.

Australians lose $170m a year to credit card scams

Thu, 14 Apr 2011 14:00:00 GMT

Aussies with debit and credit cards may want to take extra security precautions with their plastic in light of recent figures that indicate $170 million was lost to scammers last year.

Households 'should categorise debt as good or bad'

Wed, 13 Apr 2011 14:00:00 GMT

Australians have been advised to try to establish exactly how much debt they have and whether it is "good" or "bad".

Aussie households 'need to know how much debt they have'

Tue, 12 Apr 2011 14:00:00 GMT

Homeowners in Australia need to be aware of how much debt they have as a result of using products such as credit cards, one expert has warned.

Aussies 'should watch out for hidden fees with travel cards'

Sun, 10 Apr 2011 14:00:00 GMT

Individuals who visit other countries and use preloaded travel cards have been advised to check the small print and hidden fees before deciding to use their plastic.

Most Aussies with credit cards 'intend to reduce their debt'

Wed, 06 Apr 2011 14:00:00 GMT

The majority of Australians with credit cards intend to reduce the amount they owe on their plastic, a recent study has shown.

Credit cards 'can be useful when starting a business'

Sun, 03 Apr 2011 14:00:00 GMT

Going online to compare credit cards might be an effective way to fund a start-up business, it has been suggested.

Retail spending 'picked up in February'

Thu, 31 Mar 2011 13:00:00 GMT

Retail spending rose by 0.5 per cent in February, according to recent data, which may suggest that Aussies are growing more confident in using their credit cards.

Credit card users to be able to deactivate plastic when overseas?

Mon, 28 Mar 2011 13:00:00 GMT

A new scheme being considered by the Commonwealth Bank could enable Aussies to deactivate their credit cards while abroad.

'Compare credit cards to reduce interest rates'

Thu, 24 Mar 2011 13:00:00 GMT

Aussies hoping to reduce the interest they pay on their plastic might want to consider going online to compare credit cards.

Aussies 'should pay off credit cards promptly'

Tue, 22 Mar 2011 13:00:00 GMT

People who plan to compare credit cards and new plastic should ensure they pay off their bills promptly at the end of each month, according to one expert.

Further crackdowns on credit cards planned by Treasury

Sun, 20 Mar 2011 13:00:00 GMT

The Treasury has suggested that banks will be forced to provide further details about credit cards under new banking reforms.

Credit card scammers 'rely on a tiny hit rate'

Wed, 16 Mar 2011 13:00:00 GMT

The number of hits required for internet scammers hoping to dupe people into revealing their credit card details online is minimal, an expert has claimed.

Watch out for credit card fees when overseas, Aussies warned

Wed, 16 Mar 2011 13:00:00 GMT

Australian jet-setters looking forward to their next holiday with relish have been warned that excessive currency charges could soon come into effect when changing money, with analysts forecasting that the dollar will fall.

Credit card debt 'is falling'

Mon, 14 Mar 2011 13:00:00 GMT

Aussies are becoming less willing to rack up substantial debts on their credit cards, according to one writer.

Credit card users 'should try to avoid cash advances'

Sun, 13 Mar 2011 13:00:00 GMT

Credit card users have been advised to try not to withdraw cash with their plastic on a regular basis.

Low-limit credit cards 'can help to avoid overspending'

Thu, 10 Mar 2011 13:00:00 GMT

Low-limit credit cards may be ideal for those who are looking to reduce their reliance on such products but wish to keep a card with them for emergencies.

Compare credit cards to get best deals on frequent flyer points

Thu, 10 Mar 2011 13:00:00 GMT

Aussies should compare credit cards to get the most out of frequent flyer points deals and other rewards schemes, it has been claimed.

Westpac criticises credit card reforms

Tue, 08 Mar 2011 13:00:00 GMT

Government plans to get rid of over-the-limit fees on all credit cards have been slammed by Westpac.

Credit card surcharges 'unfairly high'

Tue, 08 Mar 2011 13:00:00 GMT

Aussie consumers are being hit with larger surcharges than necessary on credit card purchases, new figures indicate.

Government announces plans to scrap credit card fees

Mon, 07 Mar 2011 13:00:00 GMT

Australians with credit cards will see some fees relating to the products scrapped as part of a clampdown on banks by the government.

Will Aussies compare credit cards as food prices rise?

Tue, 01 Mar 2011 13:00:00 GMT

A number of Aussie consumers could be encouraged to compare credit cards online as the country is set to see food prices rice.

Aussies told to return 'free money'

Mon, 28 Feb 2011 13:00:00 GMT

Aussies who rejoiced at an ATM dispensing "free money" in Sydney have been dealt a blow by the police.

Aussies warned of 'nasty' tax scam

Mon, 28 Feb 2011 13:00:00 GMT

Aussies looking to boost their funds by comparing credit cards could be among those to heed a recent warning by the Australian Tax Office (ATO).

Will Aussies compare credit cards as inflation rises?

Mon, 28 Feb 2011 13:00:00 GMT

A number of Aussies could be encouraged to compare credit cards online following the publication of a report pointing to increased living costs.

BMW 'pushing Aussies toward bankruptcy'

Sun, 27 Feb 2011 13:00:00 GMT

A number of Aussies could be tempted to compare low rate credit cards after a new report highlighted problems for BMW owners.

Libyan unrest set to cost Aussie drivers $10 more a week at the pumps

Thu, 24 Feb 2011 13:00:00 GMT

Aussie drivers may be forced to shell out an extra $10 a week on their credit and debit cards as they struggle to cope with rising petrol prices.

Australian Economy sluggish even without floods, figures suggest

Mon, 21 Feb 2011 13:00:00 GMT

Australia's economy is not out of the woods yet, with new figures suggesting business conditions will remain hard across the country for some time yet.

Death superannuation threatens retirement options

Sun, 20 Feb 2011 13:00:00 GMT

A significant number of Australians could be forced to raid their savings accounts in order to fund their retirement should the gap between the largest and the smallest superannuation funds keep growing apace.

Consumers cashing in as supermarkets step up price war

Thu, 17 Feb 2011 13:00:00 GMT

Australian consumers have been given a boost as the nation's biggest supermarkets step up their price war.

Bankwest outlines aid for natural disaster victims

Wed, 16 Feb 2011 13:00:00 GMT

Bankwest has announced a range of new initiatives geared towards offering support to communities hit by the natural disasters that have recently rocked Australia.

Shoppers' credit card details exposed

Mon, 14 Feb 2011 13:00:00 GMT

Around 40,000 shoppers' credit card details may have been exposed following a security breach on soap maker Lush's website.

ANZ customers seek big refunds in $50m class action

Wed, 09 Feb 2011 13:00:00 GMT

ANZ customers are seeking an average refund of about $1,500 per account holder as part of the huge $50 million class action currently being pursued against the bank for "fee gouging".

Credit card debt the focus for church initiative

Tue, 08 Feb 2011 13:00:00 GMT

Churches across Australia are preparing for a scheme aimed at tackling the country's growing personal finance problems.

AVG warns of Valentine's Day credit card scams

Sun, 06 Feb 2011 13:00:00 GMT

Aussie lovebirds have been warned about potential online scams ahead of Valentine's Day.

Online shopping growing by 15% a year

Thu, 03 Feb 2011 13:00:00 GMT

Online spending in Australia has gone up by an average annual rate of over 15 per cent since 2005, new figures show.

Spending via mobiles soars in Oz

Tue, 01 Feb 2011 13:00:00 GMT

Australians are increasingly using their mobile phones to shop for bargains online, new figures from eBay show.

Online Retail Forum aims to boost digital shopping

Mon, 31 Jan 2011 13:00:00 GMT

Aussie consumers could soon be searching the web for more bargains after the government unveiled a new initiative aimed at boosting online shopping.

Aussie tourists urged to go for Travelex Cash Passport

Sun, 30 Jan 2011 13:00:00 GMT

An Australian travel agent has come out in support of the Travelex "Cash Passport", noting that it offers various anti-fraud benefits.

Consolidate credit card debt, urges Choice

Thu, 27 Jan 2011 13:00:00 GMT

Australians struggling with credit card repayments should look to consolidate their debts into the best account for their circumstances, it has been suggested.

Aussies reject credit cards to slash debt

Wed, 26 Jan 2011 13:00:00 GMT

Australians are increasingly forgoing credit cards in a bid to reduce debts, new research suggests.

Aussies keen on credit card travel rewards

Sun, 23 Jan 2011 13:00:00 GMT

Australians are particularly keen to derive travel benefits from their credit card reward programs, new research shows.

Jury still out on 'Tap N Go' credit card spending

Thu, 20 Jan 2011 13:00:00 GMT

'Tap N Go' credit and debit card readers, which have started to be rolled out in stores across Australia, offer shoppers speed and convenience, but security concerns remain.

Specialist credit card recommended for backpackers

Tue, 18 Jan 2011 13:00:00 GMT

Aussie backpackers have been urged to compare credit cards and debit cards and opt for a specialist travel option before venturing overseas.

Aussies owe a record $49bn in credit card debt

Sun, 16 Jan 2011 13:00:00 GMT

Lending practices at Australian banks have been criticised following new figures showing record levels of credit card debt.

Flood-hit borrowers get bank support

Wed, 12 Jan 2011 13:00:00 GMT

Australia's big four banks have been working to restore services in flood-hit Queensland while offering support to customers affected by the disaster.

Shoppers get 'refund leeway' in January

Tue, 11 Jan 2011 13:00:00 GMT

Australian shoppers may find that retailers are a bit more accommodating in their refund policies during the post-Christmas period, it has been suggested.

Online shopping tax 'would have little impact'

Mon, 10 Jan 2011 13:00:00 GMT

The proposed introduction of the Goods and Services Tax (GST) and import duties on purchases from foreign websites worth less than $1,000 would have little impact on online shopping, a leading economist has suggested.

New credit laws 'could cut down on lending'

Thu, 06 Jan 2011 13:00:00 GMT

Australian financial institutions may be reluctant to lend smaller sums to consumers under new credit laws, it has been suggested.

Retailers call for higher charges on foreign purchases

Wed, 05 Jan 2011 13:00:00 GMT

Harvey Norman boss Gerry Harvey has defended a new campaign by Australian retailers that calls for an end to tax exemptions for purchases from foreign websites worth less than $1,000.

Credit card 'panic' expected after Christmas splurge

Tue, 04 Jan 2011 13:00:00 GMT

Banks are preparing for a surge in customers with debt problems after the Christmas period, it has been reported.

Aussie men to outspend women in sales

Thu, 30 Dec 2010 13:00:00 GMT

Aussie men are set to spend more than their female counterparts in the New Year sales, it has been predicted.

Will 2011 see mobile phones replace credit cards?

Thu, 30 Dec 2010 13:00:00 GMT

Australians currently comparing credit cards to ensure they are getting value for money could be among those interested in a recent forecast by industry experts.

Lifeline expects surge in credit card debt

Wed, 29 Dec 2010 13:00:00 GMT

An Australian counselling service has predicted a sharp rise in the number of people struggling with credit card debt in the coming months.

Shoppers profit from huge pre-Christmas discounts

Thu, 23 Dec 2010 13:00:00 GMT

Australian shoppers are benefitting from a massive Christmas sales push as desperate retailers attempt to make up for a slow year, it has been revealed.

Credit card spending starts to stabilise in Oz

Wed, 22 Dec 2010 13:00:00 GMT

The drop-off in spending among Australian debit and credit card users appears to be slowing and there is now "light at the end of the tunnel for retailers", new research has found.

Credit card users urged to set budgets

Mon, 20 Dec 2010 13:00:00 GMT

Credit card users in Australia are being urged to budget for the future in order to cope with interest rate rises.

December 'a prime month' for credit card scams

Thu, 16 Dec 2010 13:00:00 GMT

Australians are at greater risk of credit card fraud in December than in any other month of the year, an expert has said.

Credit card shoppers need incentives, says expert

Wed, 15 Dec 2010 13:00:00 GMT

Australian shoppers need to be offered an "interesting, involving and enjoyable" in-store experience this Christmas if they are to choose the high street over online buying.

Consumers 'spoilt for choice' on credit cards

Thu, 09 Dec 2010 13:00:00 GMT

Australians now have a huge range of options available when they come to compare credit cards, a commentator has observed.

Online shoppers warned of hidden charges

Mon, 06 Dec 2010 13:00:00 GMT

Consumers looking to compare credit cards before shopping online for Christmas presents could be among those to benefit from a recent warning from one expert.

Credit and debit card fraud hits $183 million

Mon, 06 Dec 2010 13:00:00 GMT

Consumers looking to compare credit cards and debit cards could be among those interested in recently-published figures regarding fraud.

People comparing credit cards urged to keep on top of bills

Sun, 05 Dec 2010 13:00:00 GMT

Australian consumers looking to compare credit cards have been warned that banks are currently being very strict with who they lend to.

Will consumers compare credit cards to boost spending power?

Thu, 02 Dec 2010 13:00:00 GMT

Recently-published figures from the Australian Bureau of Statistics (ABS) have shown that retail turnover fell by 1.1 per cent in October this year.

Credit card customers warned of Christmas scams

Thu, 02 Dec 2010 13:00:00 GMT

Credit card users in Australia have been urged to be wary of a spate of online scams this festive period.

A third of Aussies 'are constantly in the red'

Mon, 29 Nov 2010 13:00:00 GMT

A huge proportion of Australians are continuing to struggle with debt problems in the run-up to Christmas, new research has found.

ARA supports retailer right to make credit card surcharges

Sun, 21 Nov 2010 13:00:00 GMT

The Australian Retailers Association (ARA) has come out in support of the individual right of retailers to apply surcharges for credit card purchases.

Consumers object to credit card surcharges

Wed, 17 Nov 2010 13:00:00 GMT

The majority of Aussie consumers object to having to pay credit card surcharges, new research shows.

A back-up credit card 'makes sense'

Sun, 14 Nov 2010 13:00:00 GMT

Having a second credit card at a separate institution can be a sensible means of managing personal finances, an expert has said.

Expert issues credit card advice

Tue, 09 Nov 2010 13:00:00 GMT

Australian consumers looking to compare credit cards could be among those to benefit from recently-published advice on how best to manage their accounts.

Reality star to help launch credit card

Mon, 08 Nov 2010 13:00:00 GMT

Reality TV star Kim Kardashian is helping to launch a new credit card aimed at teaching teenagers how to spend their money responsibly.

Financial counsellors 'achieve amazing results' on credit card debt

Tue, 02 Nov 2010 13:00:00 GMT

Financial counselling can be a valuable tool for dealing with severe credit card debt, it has been argued.

Sydney women spend most on their appearance

Thu, 28 Oct 2010 13:00:00 GMT

Sydney women spend more on their appearance than other Australian women, new research has found.

Charities warn of Christmas credit risks

Wed, 27 Oct 2010 13:00:00 GMT

Consumers should think carefully about their Christmas spending this year and avoid succumbing to the inevitable festive hype, a charity leader has said.

CBA given Shonky Award for 'sneaky' card reward scheme

Mon, 25 Oct 2010 13:00:00 GMT

The Commonwealth Bank (CBA) has been named and shamed as part of this year's Shonky Awards by the consumer advocate group Choice.

Aussie credit card balances rise 16% in three years

Mon, 18 Oct 2010 13:00:00 GMT

Australian credit card balances have risen 16 per cent over the last three years, new figures show.

Expert: Don't spend on credit cards just to earn points

Tue, 12 Oct 2010 13:00:00 GMT

Consumers should avoid using their credit cards simply to build up reward points, an expert has warned.

Credit card activity 'a sign of mortgage prospects'

Mon, 11 Oct 2010 13:00:00 GMT

A consumer's credit card activity can be a key indicator of whether or not they can afford their mortgage, it has been suggested.

Online shoppers profit as Aussie dollar soars

Thu, 07 Oct 2010 13:00:00 GMT

Australian shoppers can now make huge savings by buying online from the US and Europe after the Aussie dollar rose to near-parity with its US equivalent.

Banks still have 'a long way to go' on credit card reform

Tue, 05 Oct 2010 13:00:00 GMT

Australia's major banks still have "a long way to go" when it comes to making credit card policies fairer, one commentator has said.

Credit card transactions 'create a data shadow'

Thu, 30 Sep 2010 14:00:00 GMT

The rapid development of digital technology has meant that every "cashless transaction" is now recorded in databases for use by banks and advertisers, it has been observed.

'Mule recruitment' for credit card fraud high in Australia

Tue, 28 Sep 2010 14:00:00 GMT

Credit card fraud that uses unsuspecting "mules" to siphon off funds from compromised accounts is now a particular problem in Australia, an expert has observed.

NAB to reform credit card payments

Mon, 27 Sep 2010 14:00:00 GMT

Credit card users in Australia could be tempted to compare the market following an announcement by a leading financial institution.

NAB to help cut credit card repayments

Sun, 26 Sep 2010 14:00:00 GMT

National Australia Bank has announced a shake-up of its credit card repayment system whereby high interest will be paid before lower interest items.

ANZ the first to face legal action over fees

Tue, 21 Sep 2010 14:00:00 GMT

ANZ has become the first bank to be hit with a lawsuit as part of a huge class action aimed at recovering "unfair" penalty fees.

Frequent-flyer programs offer 'patchy' benefits

Mon, 20 Sep 2010 14:00:00 GMT

Frequent-flyer programs are money-spinning marketing tools that do not necessarily offer benefits for consumers, one commentator has said.

Credit card scammers strike in Cairns

Thu, 16 Sep 2010 14:00:00 GMT

Credit card scammers are living the high life in Cairns by paying for private helicopter rides, skydiving adventures and boutique holidays with other people's cash, it has been reported.

CBA launches online credit card check

Tue, 14 Sep 2010 14:00:00 GMT

The Commonwealth Bank (CBA) has upgraded its online banking platform to allow users to open savings accounts or credit cards without having to enter a branch to confirm ID checks.

Credit card fraud 'is now massively widespread'

Sun, 12 Sep 2010 14:00:00 GMT

Credit card fraud has become a pervasive, widespread problem in Australian life, a specialist has said.

Aussie banks set 'overdraft traps'

Wed, 08 Sep 2010 14:00:00 GMT

Some of Australia's major banks are looking to entice depositors into taking out overdrafts on basic transaction accounts, it has been suggested.

Young Australians 'have an addiction to credit cards'

Tue, 07 Sep 2010 14:00:00 GMT

A significant majority of young Australians are addicted to credit cards and feel unable to save for the long-term, it has been suggested.

ASIC outlines tough credit regulation plan

Thu, 02 Sep 2010 14:00:00 GMT

The Australian Securities & Investment Commission (ASIC) will provide for more responsible credit card lending under its new powers, its current boss has said.

New credit cards allow for 'speedy shopping'

Wed, 01 Sep 2010 14:00:00 GMT

Australian consumers can now get special "speed shopping" credit cards that remove the need to swipe, sign or punch in a PIN.

Compare credit cards to avoid high fees, says ABA

Mon, 30 Aug 2010 14:00:00 GMT

Australia's banks are beginning to cut back on various account fees as consumer anger grows, it has been suggested.

Online shoppers get chance to buy 'bargain batts'

Wed, 25 Aug 2010 14:00:00 GMT

Australian online shoppers have been offered the chance to make huge savings on insulation batts.

ATO to accept credit card payments

Mon, 23 Aug 2010 14:00:00 GMT

Australian credit card customers may soon be able to use their plastic to pay their tax bills, it has been claimed.

Following a successful trial last year the Australian Tax Office (ATO) is looking for a payments provider to make the service a reality, ZDnet.com.au reported.

Blackberry users to pay for apps with credit cards

Mon, 23 Aug 2010 14:00:00 GMT

Blackberry customers in Australia can now use their credit cards to purchase apps thanks to a recent update to Blackberry App World.

Compare credit cards to avoid 'sneaky interest'

Thu, 19 Aug 2010 14:00:00 GMT

Australian consumers should compare credit cards to avoid being caught out by promotional offers, it has been suggested.

Aussie banks grant pensioner $70,000 in credit

Wed, 18 Aug 2010 14:00:00 GMT

Two of Australia's major banks have been criticised after a pensioner was granted combined credit card limits of $70,000.

Australia 'among nations with cleanest money'

Tue, 17 Aug 2010 14:00:00 GMT

Australia's bank notes may be among the world's cleanest, according to a new study.

Banks 'are still making unsuitable credit card offers'

Mon, 16 Aug 2010 14:00:00 GMT

Australia's banks are continuing to offer vulnerable customers credit card facilities that they cannot afford, it has been claimed.

Labor pledges to reform credit card limit fees

Sun, 15 Aug 2010 14:00:00 GMT

Labor has pledged to protect credit card holders from falling further into debt and incurring excessive fees.

Aussies gain access to thousands of international online stores

Wed, 11 Aug 2010 14:00:00 GMT

Australian consumers are now able to buy from up to 300,000 international stores that were previously inaccessible following the launch of a new shopping site by PayPal.

Expert: Compare all the options before declaring bankruptcy

Mon, 09 Aug 2010 14:00:00 GMT

Australians should weigh up all their options before declaring bankruptcy, a specialist has advised.

'Card-not-present' scams rob merchants of $89m

Mon, 09 Aug 2010 14:00:00 GMT

Merchants were robbed of about $89 million last year because of credit card scams committed over the internet, phone and via mail.

'Compare credit cards to suit spending habits'

Wed, 04 Aug 2010 14:00:00 GMT

Australian consumers should compare credit cards to find one that most suits their spending habits, it has been argued.

'Pet spending' adds major boost to the economy

Wed, 04 Aug 2010 14:00:00 GMT

Australians are spending much more on their pets than they were five years ago, new research shows.

Price could be the key to longer-lasting appliances

Mon, 02 Aug 2010 14:00:00 GMT

Consumers may be able to find more reliable home appliances by using price as a strong indicator of quality, it has been suggested.

Virgin Money pays for ad with its own credit card

Wed, 28 Jul 2010 14:00:00 GMT

Virgin Money paid for all the expenses of its new advertising campaign by using its own, newly launched credit card, it has been revealed.

Australians more likely to dine out this year

Mon, 26 Jul 2010 14:00:00 GMT

Australians have been more inclined to eat out this year than they were in 2009, a new study shows.

Mozo's new tool reveals unrewarding credit card schemes

Sun, 25 Jul 2010 14:00:00 GMT

A new tool from financial comparison website mozo.com.au has revealed that a large majority of rewards credit card programs are failing to offer people real value.

Banks charge high fees 'simply because they can'

Thu, 22 Jul 2010 14:00:00 GMT

Australia's banks and financial institutions charge high "exception" fees and mortgage exits fees "simply because they can", it has been argued.

Credit cards 'stolen by Air France stewardess'

Tue, 20 Jul 2010 14:00:00 GMT

An Air France stewardess has been arrested after passengers reported having jewellery, cash and credit cards stolen from their hand luggage while they slept.

Vigilance the key to fighting credit card fraud, says expert

Mon, 19 Jul 2010 14:00:00 GMT

Australians must be pro-active and vigilant if they wish to prevent fraudsters from stealing their bank and credit card details, an expert has said.

Consumers making use of multiple channels to land best deals, report notes

Sun, 18 Jul 2010 14:00:00 GMT

With growing numbers of Australians going online to compare credit cards, low interest home loans or to do their weekly shopping, new research has revealed the extent to which they are making use of 'multiple channels'.

Banks under pressure to supply class action info

Tue, 13 Jul 2010 14:00:00 GMT

Four banks currently being sued as part of a huge class action to recover alleged unfair fees could face further legal action if they do not supply information vital to the case by the end of the week.

Tighter credit rules 'are long overdue'

Thu, 08 Jul 2010 14:00:00 GMT

The federal government's proposal to bring in tighter consumer credit laws is a positive, but long overdue, move, it has been claimed.

Travel-only credit cards 'can isolate fraud risks'

Wed, 07 Jul 2010 14:00:00 GMT

Australian travelers and tourists should keep a separate debit or credit card for travel expenses in order to isolate fraudulent activity, it has been suggested.

Government issues proposals for consumer credit reform

Tue, 06 Jul 2010 14:00:00 GMT

The federal government has issued a Green Paper aimed at reforming the regulation of various consumer credit products like credit cards.

Debt counsellors slam 'Baby's First Credit Card'

Thu, 01 Jul 2010 14:00:00 GMT

Debt counsellors have criticised a new baby teether that is shaped and marked like a credit card.

Credit card balances grow as rates keep rising

Wed, 30 Jun 2010 14:00:00 GMT

A growing number of Australians are accumulating debt on their credit cards as rates continue to rise, a commentator has observed.

ASIC aims to root out 'predatory lenders'

Mon, 28 Jun 2010 14:00:00 GMT

The Australian Securities and Investments Commission (ASIC) has received applications for credit provider licences ahead of its assumption of regulatory control on Thursday (July 1st), it has been revealed.

Financial incompatibility 'can damage relationships'

Sun, 27 Jun 2010 14:00:00 GMT

Relationships can suffer if couples do not properly manage their finances together, it has been suggested.

NAB to roll out anti-credit card fraud software

Wed, 23 Jun 2010 14:00:00 GMT

National Australia Bank (NAB) is rolling out an innovative, software-based technology for tackling credit card fraud, it has been revealed.

Rising wedding costs leave new couples in debt

Sun, 20 Jun 2010 14:00:00 GMT

The rising cost of getting married is leaving many newlyweds in huge amounts of debt, it has been revealed.

Aussies urged to compare credit cards and avoid fees

Thu, 17 Jun 2010 14:00:00 GMT

The annual fee paid on a credit card should be a key consideration when Australians come to weigh up the alternatives, it has been argued.

Credit card debt a bigger problem than home loan debt

Wed, 16 Jun 2010 14:00:00 GMT

Credit card debt is more common among Australian households than home loan debt, it has been revealed.

Most Aussies unaware of credit card costs

Mon, 14 Jun 2010 14:00:00 GMT

The majority of Australian consumers do not know how much they are paying in credit card interest each month, it has been claimed.

Counselling 'may help with credit card debt'

Sun, 13 Jun 2010 14:00:00 GMT

Personal counsellors may be able to help people deal with the root causes of their debt problems, finance expert Scott Pape has said.

Interest rate hikes have bred consumer caution, says RBA

Tue, 08 Jun 2010 14:00:00 GMT

Australia's recent interest rate rises have made consumers more cautious in their spending and borrowing behaviour, the Reserve Bank of Australia (RBA) has said.

Australians urged to check credit reports

Mon, 07 Jun 2010 14:00:00 GMT

Australians should check their personal credit reports at least once a year to improve their chances of securing a loan, an expert has said.

Australians to spend big during World Cup

Sun, 06 Jun 2010 14:00:00 GMT

Australians will splurge a collective $884.2 million on discretionary World Cup spending over the coming five weeks, a business information analyst has claimed.

Consumers 'should be better informed about credit terms and costs'

Thu, 03 Jun 2010 14:00:00 GMT

Australia's financial institutions must make it easier for consumers to understand the costs and conditions involved in a credit agreement, it has been suggested.

Credit card cover makes extended warranties 'a waste of money'

Wed, 02 Jun 2010 14:00:00 GMT

Extended warranties sold by stores and manufacturers may be a waste of money given that many credit cards offer such cover as a bonus, a commentator has said.

NAB plans to keep credit card rates steady

Mon, 31 May 2010 14:00:00 GMT

National Australia Bank (NAB) has indicated it will not increase interest rates on credit cards following the Reserve Bank's (RBA) decision to keep the official cash rate on hold.

Aussies planning to pay bills late

Thu, 27 May 2010 14:00:00 GMT

One in three Australians are planning to pay their bills late this year, while a quarter of households have indicated they are most likely to miss a mortgage payment if they are short of funds, according to new research.

Aussies urged to compare credit cards as conditions change

Wed, 26 May 2010 14:00:00 GMT

Credit card issuers have tightened up on the interest rates and conditions they are offering of their products in recent months – making now a good time to compare credit cards, a commentator has observed.

Over 90% of consumers do not understand credit contracts

Tue, 25 May 2010 14:00:00 GMT

More than 90 per cent of consumers do not understand important features in their contracts for home loans, credit cards, store cards and car loans, new research by the University of Queensland has revealed.

ANZ debt collector set up fake site to track missing customers

Tue, 25 May 2010 14:00:00 GMT

ANZ has launched an internal investigation after it was revealed that staff of the bank's unsecured debt collections team set up a fake Facebook profile to entice customers with bad credit into handing over details.

'Beware of low-interest offers when comparing credit cards'

Tue, 25 May 2010 14:00:00 GMT

Australians should check the fine print when transferring their credit card debt to a low interest card, an expert has said.

Banks make 'huge profits on unfair fees'

Sun, 23 May 2010 14:00:00 GMT

Australia's banks have been accused of making huge profits on controversial exception fees which are currently the focus of the country's biggest ever class action.

Visa turns iPhone into a credit card

Thu, 20 May 2010 14:00:00 GMT

Visa has teamed up with DeviceFidelity to create an iPhone case that allows the smartphone to be used as a credit card at retailers that offer a contactless payment system.

Bank workers join anti-fee class action

Mon, 17 May 2010 14:00:00 GMT

Bank workers are turning on their employers by joining Australia's biggest ever class action to recover $5 billion in bank fees, it has been revealed.

Credit card repayment rate accelerates

Wed, 12 May 2010 14:00:00 GMT

Australians repaid their credit card debt at a much faster rate over the past year than they did at any other time in the recent past.

Australians encouraged to sue banks over unfair fees

Tue, 11 May 2010 14:00:00 GMT

Litigation funder IMF Australia has said it will bankroll a class action against banks for what it claims are unfair exception fees.

Westpac voted worst bank in customer survey

Thu, 06 May 2010 14:00:00 GMT

Westpac has been voted the worst bank for customer satisfaction in the same week it announced bumper profits in its half yearly results.

Rate rises put off credit card users

Wed, 05 May 2010 14:00:00 GMT

The Reserve Bank of Australia's (RBA) consistent interest rate hikes in recent months have had an adverse impact on credit card spending, it has been observed.

Australians look to reduce debt burden

Mon, 03 May 2010 14:00:00 GMT

Australians struggling with a range of debt problems should consider refinancing their mortgage, a commentator has said.

Blippy error leaks credit card details online

Tue, 27 Apr 2010 14:00:00 GMT

A security error by the social networking website Blippy has resulted in several users' credit card details being leaked online via Google searches.

Fake security software is risk to credit card users

Wed, 21 Apr 2010 14:00:00 GMT

Fake security software scams are encouraging internet users to hand over their credit card details to criminals.

Debt fears 'may be exaggerated'

Tue, 20 Apr 2010 14:00:00 GMT

Concerns about the mounting personal debt problems of ordinary Australians may have been exaggerated, it has been suggested.

'Compare credit cards to avoid online fraud'

Mon, 19 Apr 2010 14:00:00 GMT

Australians can protect themselves from fraud by using separate credit cards with lower balances when shopping online.

Aussies 'cautious about using credit cards'

Thu, 15 Apr 2010 14:00:00 GMT

Despite consumer confidence rising, many Australians remain reluctant to use their credit cards, it has been claimed.

Cash-back credit cards 'can save Aussies money'

Mon, 12 Apr 2010 14:00:00 GMT

Australians can use cash-back credit cards to save money while spending, it has been claimed.

Banks failing to display cash advance fees on credit cards

Sun, 11 Apr 2010 14:00:00 GMT

Banks are failing to display cash advance fees on credit cards to ATM users, a new study has found.

Debt is accounting for half of many salaries

Wed, 07 Apr 2010 14:00:00 GMT

More than 40 per cent of Australians are spending about half their monthly income repaying debts, a new survey has found.

'Complex' airfare reward schemes make it harder to compare credit cards

Tue, 06 Apr 2010 14:00:00 GMT

Credit card airfare reward schemes can be confusing and often encourage people to spend more on their cards than they otherwise would, it has been suggested.

Debt stress is on the rise

Mon, 05 Apr 2010 14:00:00 GMT

Debt stress is on the rise in Australia and is now back to September 2008 levels, a new report has found.

New laws 'would not stop unfair credit card fees'

Wed, 24 Mar 2010 13:00:00 GMT

New government legislation to improve consumer rights would not stop credit card companies from imposing excessive fees on their customers, it has been suggested.

Australian credit cards 'would fail UK standards'

Tue, 23 Mar 2010 13:00:00 GMT

Australian banks are charging excessive fees and interest on credit cards and are failing to meet the more customer-friendly standards that exist in the UK, it has been suggested.

Westpac to charge 'interest on interest'

Mon, 22 Mar 2010 13:00:00 GMT

Westpac is set to charge interest on existing interest charges and credit card fees.

Australians 'are enjoying record prosperity'

Sun, 21 Mar 2010 13:00:00 GMT

Aussies are living in prosperous times and are enjoying their strongest spending power for decades, a new study has suggested.

Consumers 'need to understand credit card interest'

Wed, 17 Mar 2010 13:00:00 GMT

Knowing how companies charge interest on credit cards will help those needing some extra money to avoid paying over the odds for it.

'Exorbitant' credit card surcharges may be abolished

Tue, 16 Mar 2010 13:00:00 GMT

The New South Wales government is launching a research project into excessive credit card surcharges, which may result in the abolition of some fees.

Parliamentary secretary Ursula Stephens promotes social enterprise

Sun, 14 Mar 2010 13:00:00 GMT

Senator Ursula Stephens, parliamentary secretary for social inclusion and the voluntary sector, has lent her support to a new social enterprise initiative.

RBA 'is a reluctant regulator of credit card fees'

Sun, 14 Mar 2010 13:00:00 GMT

The Reserve Bank of Australia (RBA) is not yet sure whether more competition or direct regulation is needed to reduce credit card fees.

Credit card borrowing drops in January

Thu, 11 Mar 2010 13:00:00 GMT

New data from the Reserve Bank of Australia highlights that total credit and charge card balances outstanding declined by 1.6 per cent in January.

Credit card holders to be hit with more interest rate rises

Thu, 04 Mar 2010 13:00:00 GMT

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

Mozo finds ATM fee reforms have failed

Wed, 03 Mar 2010 13:00:00 GMT

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

Expert compares credit card solutions

Tue, 02 Mar 2010 13:00:00 GMT

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 warned about cost of web scams

Sun, 28 Feb 2010 13:00:00 GMT

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

'Expect the RBA to raise rates further'

Thu, 25 Feb 2010 13:00:00 GMT

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

Motorists left with more spare cash as petrol price cycle collapses

Thu, 25 Feb 2010 13:00:00 GMT

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

Airlines demand credit cards for in-flight payments

Wed, 24 Feb 2010 13:00:00 GMT

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.

Australians 'should compare credit cards to save on fees'

Tue, 23 Feb 2010 13:00:00 GMT

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

Grocery shoppers 'spend little and often'

Thu, 18 Feb 2010 13:00:00 GMT

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 fee warning saves Aussies $125m

Sun, 14 Feb 2010 13:00:00 GMT

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

Woolworths allows shoppers to compare prices online

Thu, 11 Feb 2010 13:00:00 GMT

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

Customers 'more confident' about credit card spending

Thu, 11 Feb 2010 13:00:00 GMT

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

Financial counsellors expect to be swamped with debt concerns

Wed, 10 Feb 2010 13:00:00 GMT

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-Woolworths rewards do not extend to credit cards

Wed, 10 Feb 2010 13:00:00 GMT

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

Aussies 'lack knowledge about their credit profiles'

Tue, 09 Feb 2010 13:00:00 GMT

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

Credit card fraud crackdown targets taxi drivers

Sun, 07 Feb 2010 13:00:00 GMT

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

Diners' finances squeezed by the price of water

Tue, 02 Feb 2010 13:00:00 GMT

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

Customers wait to see if credit card rates go up

Mon, 01 Feb 2010 13:00:00 GMT

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

Home loan holders 'should avoid making repayments by credit card'

Mon, 01 Feb 2010 13:00:00 GMT

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

Shoppers lose out in loyalty programmes

Sun, 31 Jan 2010 13:00:00 GMT

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

Woolworths cut prices to attract shoppers

Thu, 28 Jan 2010 13:00:00 GMT

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

Switching cards can slash interest rate

Wed, 27 Jan 2010 13:00:00 GMT

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

More Aussies fall victim to credit card debt traps

Wed, 27 Jan 2010 13:00:00 GMT

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

Shoppers to have more spare cash as grocery bills fall

Tue, 26 Jan 2010 13:00:00 GMT

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

Inventor maxes out credit cards to follow his dream

Mon, 25 Jan 2010 13:00:00 GMT

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

'Unfair' credit cards charge Aussies hidden fees

Sun, 24 Jan 2010 13:00:00 GMT

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

Westpac blocks skimmed cards in NSW

Thu, 21 Jan 2010 13:00:00 GMT

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 reaches new high

Wed, 20 Jan 2010 13:00:00 GMT

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

Credit card scam is costing Aussies millions

Tue, 19 Jan 2010 13:00:00 GMT

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

Mozo urges caution over balance transfer cards

Mon, 18 Jan 2010 13:00:00 GMT

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

Bankruptcy 'not necessarily quick and easy'

Wed, 13 Jan 2010 13:00:00 GMT

Australians should not assume that bankruptcy is a quick and easy means of getting out of credit card debt, an expert has said.

Compare credit cards to reduce debt, expert says

Mon, 11 Jan 2010 13:00:00 GMT

Expensive debt from the Christmas and New Year splurge should prompt Aussies to compare credit cards, an expert has said.

Credit card applications can be 'a black mark' on credit reports

Mon, 11 Jan 2010 13:00:00 GMT

Many Aussies are struggling to gain bank credit because of the country's negative system of credit reporting, a commentator has said.

Credit card spending grows as Australia becomes a 'cashless society'

Sun, 03 Jan 2010 13:00:00 GMT

Credit and debit card spending is growing as the number of people making ATM cash withdrawals continues to fall.

Christmas credit card spending expected to top £22bn

Wed, 30 Dec 2009 13:00:00 GMT

Retailers have said that the holiday season has been a good one for sales this year, with Australian credit card spending expected to top $22 billion over the period, the Sydney Morning Herald (SMH) reports.

Credit cards set for Boxing Day workout

Wed, 23 Dec 2009 13:00:00 GMT

An estimated six in ten Australian shoppers will hit the shops for the Boxing Day sales, new research has found.

Aussie banks expect to raise interest rates further

Tue, 22 Dec 2009 13:00:00 GMT

The major banks have warned of further interest rate rises in 2010.

Credit card spending up in the final week before Christmas

Tue, 22 Dec 2009 13:00:00 GMT

Retail sales have shot up this week as Aussies target last-minute bargain buys, the Daily Telegraph reports.

High credit card limits reduce home loan suitability

Mon, 21 Dec 2009 13:00:00 GMT

Bank customers with high credit card limits are less likely to be approved for a home loan, an expert has said.

Credit card spending down as customers target repayments

Wed, 16 Dec 2009 13:00:00 GMT

The value of credit and charge card transactions fell by 0.3 per cent in October, according to figures from the Reserve Bank of Australia (RBA).

Credit card spending down as retailers note shopping decline

Tue, 08 Dec 2009 13:00:00 GMT

The Australian National Retailers Association (ANRA) has described current retail turnover figures as sluggish and has said that spending is likely to be down at Christmas in the wake of interest rate rises.

Companion cards increase credit card rewards

Mon, 07 Dec 2009 13:00:00 GMT

All major Aussie banks are now offering companion reward cards with credit cards, making it an ideal time to compare credit cards.

Check credit card limit before Christmas, expert advises

Sun, 06 Dec 2009 13:00:00 GMT

A finance expert has warned of the dangers of overspending at Christmas.

NAB announces a contactless credit card Christmas

Thu, 03 Dec 2009 13:00:00 GMT

National Australia Bank (NAB) has announced that its customers will be able to have a contactless Christmas, in news that may be of interest to those looking to compare credit cards.

Aussies may be preparing to compare credit cards as retails sales rise

Wed, 02 Dec 2009 13:00:00 GMT

Aussies looking to compare cheap credit cards in the build-up to Christmas may be interested to learn that retail sales are on the up.

Tips offered to rescue savings accounts from an expensive Christmas

Sun, 29 Nov 2009 13:00:00 GMT

Those worried that their high interest savings and credit cards may take a hit as the festive season approaches may want to take heed of advice from New Limited.

Savings accounts will be 'more secure'

Sun, 22 Nov 2009 13:00:00 GMT

Australian savings accounts may be made more secure online following the demands of one regulator.

Credit card use 'up in September'

Thu, 19 Nov 2009 13:00:00 GMT

Aussie charge and credit card usage rose in September, according to new figures.

Credit card accounts 'should be monitored'

Wed, 04 Nov 2009 13:00:00 GMT

Australians are being encouraged to monitor their credit card accounts more vigilantly.

Are credit card rates increasing?

Tue, 03 Nov 2009 13:00:00 GMT

Next time people go to compare credit cards, it could be that they find rates have been increasing.

Visa credit cards get 2013 chip and pin deadline

Sun, 01 Nov 2009 13:00:00 GMT

All Visa credit card customers who currently sign on the dotted line when making a purchase will instead have to use a four-digit personal identification number (pin) by 2013.

Credit cards 'offer flexibility'

Tue, 27 Oct 2009 13:00:00 GMT

Credit cards can be a flexible way of borrowing money, according to a new report.

Government regulations on credit cards 'a step in right direction'

Mon, 19 Oct 2009 13:00:00 GMT

The government's legislation on responsible lending is a step in the right direction for people looking for cheap credit cards and other forms of credit.

'Keep an eye on credit cards' to avoid scams

Mon, 12 Oct 2009 13:00:00 GMT

People looking to compare cheap credit cards can do a number of things to protect themselves against identity theft and fraud.

Aussie star 'is best-value-for money'

Wed, 07 Oct 2009 13:00:00 GMT

People with high interest savings may be interested to learn that one Aussie starlet has been voted Hollywood's best value-for-money actress.

Parents using credit cards to pay for school lunches

Sun, 04 Oct 2009 13:00:00 GMT

More and more parents are opting to use their credit cards to pay for their children's school lunches, according to reports.

One in ten Aussies hit by credit card crime

Wed, 30 Sep 2009 14:00:00 GMT

Over 20 per cent of people have reported having their identity stolen, according to new research.

Aussies increasing credit card repayments

Tue, 22 Sep 2009 14:00:00 GMT

Australians with credit cards made repayments of $19.839 billion in July 2009, according to figures released by MasterCard.

ANZ 'one of greenest banks'

Thu, 10 Sep 2009 14:00:00 GMT

Australian environmentally-friendly consumers looking to compare credit cards may be interested in the results of a new survey.

Lenders must ensure credit cards are suitable for consumers

Wed, 02 Sep 2009 14:00:00 GMT

People looking for low interest home loans may be keen to learn about a new piece of legislation.

Tips offered for credit card debt

Mon, 31 Aug 2009 14:00:00 GMT

Several experts have offered advice as to how Australians can manage their debt.

Reserve bank to continue credit cards regulation

Wed, 26 Aug 2009 14:00:00 GMT

Those looking to compare credit cards may be interested in the latest news from the Reserve Bank of Australia.

MySpace credit card launched

Wed, 26 Aug 2009 14:00:00 GMT

People looking to compare credit cards may be interested to learn of a new development within the industry.

Consumers 'key to beating downturn'

Tue, 25 Aug 2009 14:00:00 GMT

Australian consumers hold the key to emerging from the downturn, one expert has claimed.

New credit card rules welcomed

Tue, 18 Aug 2009 14:00:00 GMT

In news that may be of interest to those seeking to compare credit cards, one financial commentator has welcomed forthcoming rules on lending.

Police suspect credit card scanners in operation

Sun, 16 Aug 2009 14:00:00 GMT

Police suspect criminals may be able to access details from people's credit cards without touching them.

Credit card customers set for contactless payments at 7-Eleven

Tue, 04 Aug 2009 14:00:00 GMT

Consumers searching for cheap credit cards will soon be able to make contactless payments at a chain of convenience stores.

Australians urged to compare credit cards

Mon, 03 Aug 2009 14:00:00 GMT

People looking for cheap credit cards may be interested in the advice of a recent article on news.com.au.

Late payment credit card fees 'should be scrapped'

Tue, 28 Jul 2009 14:00:00 GMT

Consumers' attempts to obtain cheap credit cards could be boosted following calls for the removal of late payment fees.

Beware credit card debt consolidation deals

Sun, 26 Jul 2009 14:00:00 GMT

Consumers should be wary of offers to consolidate credit card debts and reduce payable interest rates as they can often just add to the debt burden, it has been claimed.

Cabbie banned after credit card fraud

Wed, 22 Jul 2009 14:00:00 GMT

A taxi driver facing a slew of offences including credit card fraud has had his application for the redemption of his licence rejected.

ATO payment scheme riles consumer watchdog

Sun, 19 Jul 2009 14:00:00 GMT

A new initiative from the Australian Tax Office (ATO) which lets people pay off their outstanding tax obligations via credit card has come under fire from consumer groups.

Telstra customers hit with credit card payment fee

Sun, 19 Jul 2009 14:00:00 GMT

Telstra customers will soon be stung by additional credit card processing fees as a result of a raft of new charges that target those paying their bills in person.

Credit card spending on the up

Wed, 15 Jul 2009 14:00:00 GMT

Australians spent $17.77 billion on credit cards and debit cards in May, an increase of 2.3 per cent on the previous month, new data from the Reserve Bank of Australia (RBA) has shown.

Consumers turning their back on debt

Tue, 14 Jul 2009 14:00:00 GMT

Concerned about employment prospects, many Australians were reluctant to take on new debt in May, the latest figures from the Australian Bureau of Statistics (ABS) show.

Wising up to overseas credit card fees

Sun, 12 Jul 2009 14:00:00 GMT

Aussies heading off on holiday in the coming months need to wise up to the risks of using their credit card overseas.

Aussies know credit card fees but still pay late

Sun, 05 Jul 2009 14:00:00 GMT

Although Aussies have taken the time to compare credit cards and are well aware of the the payment charges, many are still being stung by late fees.

Finance officer under fire for credit card misuse

Thu, 02 Jul 2009 14:00:00 GMT

A chief finance officer in a state department in Pilbara has been charged with theft offences after using a government credit card to make personal purchases.

Cheap credit cards could be better than payday loans

Tue, 30 Jun 2009 14:00:00 GMT

Cash-strapped Aussies who turn to payday loans may be better off getting their hands on cheap credit cards.

Credit card users missing out on rate cuts

Mon, 29 Jun 2009 14:00:00 GMT

Despite the Reserve Bank of Australia's (RBA) decision to knock 4.25 percentage points of the base interest rate since September, many credit card users have seen their rates increase.

Credit card reward scheme gets seal of approval

Thu, 18 Jun 2009 14:00:00 GMT

Consumers are set to get a better deal from Woolworths credit card reward schemes and the Qantas frequent flyer programme now that the pair have teamed up to create a new loyalty initiative.

ANZ Travel Card comes up trumps over credit cards overseas

Wed, 03 Jun 2009 14:00:00 GMT

The ANZ Travel Card is a cost-effective alternative to using credit cards while on your hols, the Sydney Morning Herald has found.

Carefree consumers cherishing crunch

Tue, 02 Jun 2009 14:00:00 GMT

With no home loan payments to make each month and a life virtually free from credit card debt, 28-year-old Patrick Gallagher is optimistic about his prospects, despite being made redundant.

Aussies wipe out credit card debt with Rudd bonus

Tue, 26 May 2009 14:00:00 GMT

Cash savvy Australians benefiting from the latest round of government handouts are using the money to pay off their credit card debts, new figures have revealed.

Make prompt payments to dodge credit card debt

Tue, 26 May 2009 14:00:00 GMT

Many households are paying up to 30 per cent more in bank fees than necessary, according to the latest figures, much of which can be attributed to credit card debt.

Criminal credit card mistakes

Mon, 25 May 2009 14:00:00 GMT

Customers considering turning to plastic money must compare credit cards to secure the best deal, it has been claimed.

Card spending up along with repayments

Thu, 21 May 2009 14:00:00 GMT

Credit card spending rose a hefty 9.6 per cent over the course of March, the latest figures from the Reserve Bank of Australia (RBA) show.

Dodgy debt collectors preying on vulnerable Aussies

Thu, 14 May 2009 14:00:00 GMT

The number of dodgy debt collectors preying on struggling consumers has grown dramatically since the start of the downturn,

Borrowers 'should avoid rising credit card charges'

Wed, 13 May 2009 14:00:00 GMT

Although the official base rate set by the Reserve Bank of Australia and other central banks across the world have fallen in recent months, credit card borrowers should not assume that the rate they are being charged on their card will also fall.

Discipline needed for credit card balance transfers

Tue, 12 May 2009 14:00:00 GMT

While opting for a balance transfer deal could be an ideal way for those looking to compare credit cards to get their finances under control, doing so requires discipline.

Credit card struggles revealed by Wesley Mission

Thu, 07 May 2009 14:00:00 GMT

Sydney residents are struggling to keep on top of their finances, new research reveals, with credit cards proving to be a particular area of difficulty.

New credit cards launched by Singapore Airlines and Westpac

Thu, 07 May 2009 14:00:00 GMT

Those looking to compare credit cards may be interested to hear details of a new deal offered by Singapore Airlines.

Sorting out credit cards 'can help repair damage to credit report'

Wed, 06 May 2009 14:00:00 GMT

Credit card debt should be one of the first areas to tackle for Aussie consumers looking to repair a damaged credit rating, it has been claimed.

Credit card rates under the spotlight

Mon, 04 May 2009 14:00:00 GMT

With the Reserve Bank deciding to leave interest rates on hold this month, it is unlikely that those who compare credit cards will find rates getting any lower.

Credit card chargeback a godsend in Kleenmaid scandal

Tue, 28 Apr 2009 14:00:00 GMT

The collapse of Kleenmaid has brought to light the dangers of buying goods from companies on a shaky financial footing, with the 4,500 customers who paid in part or in full for Kleenmaid's products told recently that they are unlikely to see their cash again.

Single mum takes on NAB over credit card debt

Sun, 26 Apr 2009 14:00:00 GMT

A single mother is taking National Australia Bank to court over claims it failed to offer her support in enquiring about her credit card debt.

Aussies ditch credit cards, warm to debit

Sun, 26 Apr 2009 14:00:00 GMT

As the recession bits, Aussies are growing more cautious towards credit card debt and are paying for items on debit cards instead, one of the bosses at MasterCard has claimed.

Credit card debt soars despite weak Christmas

Tue, 21 Apr 2009 14:00:00 GMT

Total personal credit card debt in Australia grew 1.7 per cent in February, the latest figures from the Reserve Bank of Australia (RBA) show.

Retailers compare credit cards with cash purchases

Thu, 16 Apr 2009 14:00:00 GMT

Electrical and furniture retailer Gerry Harvey has noted a rise in cash purchases as consumers turn away from even low-rate credit cards.

Aussies 'should look to consolidate credit cards'

Thu, 16 Apr 2009 14:00:00 GMT

Aussies have been urged to take steps to get their money management under control.

Rise in credit card expenditure noted

Wed, 15 Apr 2009 14:00:00 GMT

People are spending an increasing amount of money on their credit cards, new figures show.

Credit card holders 'should use money transfer to generate short-term cash'

Tue, 14 Apr 2009 14:00:00 GMT

Credit card consumers are being reminded that there are a number of methods at their disposal which can help them to quickly generate short-term cash.

Low-rate credit cards 'can help beat debt'

Mon, 13 Apr 2009 14:00:00 GMT

Low-rate credit cards can help consumers to beat debt even when lenders do not play fair, it has been claimed.

Aussies 'look to repay credit cards using stimulus cash'

Mon, 13 Apr 2009 14:00:00 GMT

Significant numbers of Aussies will use the cash received from the stimulus package to tackle their credit card debts.

Tips for credit card success

Tue, 07 Apr 2009 14:00:00 GMT

The days of cheap credit cards and pre-approved applications may be coming to an end for younger Australians, but there are a few ways to improve your chances of getting credit.

Women address credit cards

Thu, 02 Apr 2009 13:00:00 GMT

New figures show more women are addressing their credit cards as part of overall attempts to safeguard their own financial footing.

Tasmanians urged to take steps to repay credit cards

Thu, 02 Apr 2009 13:00:00 GMT

Those living in Tasmania are taking a more positive view of their finances.

Credit card debt hits $3,500

Wed, 01 Apr 2009 13:00:00 GMT

Australians have an average of $3,500 outstanding on their credit cards, news.com.au claims.

Credit card rates still stubbornly high

Wed, 01 Apr 2009 13:00:00 GMT

In spite of a string of interest rate reductions by the Reserve Bank, such cuts are yet to be reflected in many credit cards.

Spending spree continues in Feb

Tue, 31 Mar 2009 13:00:00 GMT

Aussies continued to spend at near-record levels in February, with many still splashing the free cash that landed in their bank accounts in December.

Credit card interest rates stuck in the clouds

Mon, 30 Mar 2009 13:00:00 GMT

While the economic crisis has ushered in a frenzy of interest rate cuts from the Reserve Bank of Australia, many credit card providers are flatly refusing to bring down rates on their credit cards.

Aussies looking to donate to charity

Sun, 29 Mar 2009 13:00:00 GMT

The credit crisis rumbles on but kind-hearted Aussies are still looking to do their bit for the greater good.

Debt stressed Aussies 'need to compare credit cards'

Sun, 29 Mar 2009 13:00:00 GMT

Those looking to get on a firm financial footing are urged to compare credit cards.

'Clear credit cards' with stimulus package

Thu, 26 Mar 2009 13:00:00 GMT

Aussies expecting a payout through the government's stimulus package shouldn't forget about clearing their credit card debts.

Westpac 'lacks Virgin's credit card cool'

Wed, 25 Mar 2009 13:00:00 GMT

Virgin's position as the company behind the most successful credit card launch in Australian history is unlikely to be challenged by Westpac.

Mozo finds 'cheap' credit cards have a sting in the tail

Sun, 22 Mar 2009 13:00:00 GMT

Online comparison site Mozo can reveal that many zero per cent credit cards are imposing hefty repayment rates for those who fail to pay off balance transfers in the introductory period.

Credit card firms making deals on debt

Thu, 19 Mar 2009 13:00:00 GMT

Many credit card firms are open to negotiation when it comes to people repaying their debts, one debt adviser has found.

Credit card payments up again, RBA finds

Wed, 18 Mar 2009 13:00:00 GMT

Aussies are continuing to plough money into paying off existing credit card debts amid fears about job security, new stats from the Reserve Bank of Australia (RBA) show.

Choice: Credit card loyalty doesn't pay

Wed, 18 Mar 2009 13:00:00 GMT

Nationwide consumer watchdog Choice is warning frugal Aussies to stay away from credit card loyalty schemes after finding that they are only worthwhile for big spenders.

'Feel no guilt' about wiping out credit card debts

Wed, 11 Mar 2009 13:00:00 GMT

No-one should feel guilty about putting money into savings accounts and paying off credit card debts, financial expert Ross Gittins reassures.

Qantas to bypass credit card companies

Tue, 10 Mar 2009 13:00:00 GMT

Qantas has announced that it wants to engage directly with its Frequent Flyer customers and bypass credit card companies in dishing out the bonuses.

Opt for a 'get out of jail free' credit card

Mon, 09 Mar 2009 13:00:00 GMT

Although the Reserve Bank has been pushing interest levels to record lows, many credit card companies have actually been raising their rates.

Credit card repayment 'makes complete sense'

Sun, 08 Mar 2009 13:00:00 GMT

Figures from the Reserve Bank of Australia showing that credit card repayments shot up in December indicate that Australian consumers are taking a sensible approach to paying off their debt, the West Australian's economics chief has surmised.

Credit card users urged to be on their guard

Thu, 05 Mar 2009 13:00:00 GMT

As National Consumer Fraud Week comes to an end, Queensland police are making one last bid to encourage people to keep credit card details and other personal data safe.

No more credit cards for ministers

Wed, 04 Mar 2009 13:00:00 GMT

Public servants have been banned from charging expenses on to government credit cards after one minister was found to have adopted some wild spending habits at the taxpayer's expense.

AMP in major credit card rebranding

Tue, 03 Mar 2009 13:00:00 GMT

With data showing that the country is heading into a recession, AMP has launched a major rebranding strategy in the hope of signing more people up to its bank term deposits and savings accounts.

RBA 'will cut again' on recession worry

Tue, 03 Mar 2009 13:00:00 GMT

Although many first-home buyers may have felt a little disappointed by the Reserve Bank of Australia's (RBA's) decision not to make an interest rate cut this month, experts are forecasting that it may take another big chop at the base rate as early as next month.

Woolies: bonus went on credit card debt

Thu, 26 Feb 2009 13:00:00 GMT

Most Aussies used prime minister Kevin Rudd's cash Christmas present to pay off debts on their credit cards and home loans, Woolworth's chief executive has claimed.

Credit card borrowing down as Aussies clear debts

Thu, 26 Feb 2009 13:00:00 GMT

The number of people feeling brave enough to compare credit cards and take on new personal debt decreased during January, new figures from the Reserve Bank of Australia (RBA) show.

Credit card delinquencies are up at ANZ

Wed, 25 Feb 2009 13:00:00 GMT

ANZ has seen the number of people falling behind on credit card repayments rise considerably since the onset of the financial crisis.

Accountants swamped in stimulus dash

Wed, 25 Feb 2009 13:00:00 GMT

Accountants across the country have seen their customer volumes soar as Aussies rush to get their tax returns filed in time to qualify for their slice of the $42 billion stimulus package.

Sneaky thieves force credit card cancellation

Tue, 24 Feb 2009 13:00:00 GMT

Careless Aussies who are taking a lax approach to home security are leaving their property to thieves.

Couples come to blows over credit card bills

Tue, 24 Feb 2009 13:00:00 GMT

As well as causing house prices to plummet and jobs to dry up, the financial crisis is also wreaking havoc on many people's home lives.

RBA soothes credit card charge fears

Mon, 23 Feb 2009 13:00:00 GMT

The Reserve Bank of Australia (RBA) has insisted that the new rules governing charges for using your credit card in an ATM not owned by your own bank will increase competition.

Lowbrow credit card scam from Underbelly actor

Mon, 23 Feb 2009 13:00:00 GMT

While his face may belie his true mood, Underbelly star Robert Rabiah Gharios is likely to be all frowns after being fined for leaving a botox clinic without paying.

Credit cards hurting average Aussies

Thu, 19 Feb 2009 13:00:00 GMT

The culture of racking up large debts on cheap credit cards and only paying the minimum back is landing many Australians in hot water.

Aussies use handout to clear credit card debt

Thu, 19 Feb 2009 13:00:00 GMT

Despite prime minister Kevin Rudd's earnest plea for Aussies to go on a bit of a spree with the free cash given out in December, most people chose to use it to clear their credit card debts.

Bagging a bargain online

Sun, 15 Feb 2009 13:00:00 GMT

Aussie consumers are finding that the quickest way for them to bag a bargain is to log on to the internet, it has been claimed.

Banks defend credit card rates

Mon, 09 Feb 2009 13:00:00 GMT

After receiving a hefty grilling from prime minister Kevin Rudd earlier this month for failing to bring more cheap credit cards on to the market, banks are now being forced to defend themselves against accusations that they are closing up shop to small businesses.

Credit card first in line for the chop

Tue, 03 Feb 2009 13:00:00 GMT

With the financial hangover of January out of the way, now is an ideal time to get back on an even keel, the Australian insists.

Call on cash accounts to avoid debt misery

Mon, 26 Jan 2009 13:00:00 GMT

One Aussie who is struggling with debt has been advised to use her bank account to pay off all her bills and put her credit cards out of sight.

Middle income earners racked by debt

Thu, 22 Jan 2009 13:00:00 GMT

Australia's middle class is creaking under the strain of hefty home loan and credit card repayments, the Sydney Morning Herald reports.

Economic misery hitting rich and poor alike

Sun, 18 Jan 2009 13:00:00 GMT

Aussies on all rungs of the socioeconomic ladder are faltering under the strain of the global financial crisis, the Sydney Morning Herald reports.

GE Money cuts credit lines

Sun, 18 Jan 2009 13:00:00 GMT

GE Money has announced that it has made a strategic decision to limit the availability of credit to some of its customers in light of miserable financial conditions.

Credit card spending falls in November

Wed, 14 Jan 2009 13:00:00 GMT

Credit card spending dropped by nearly ten per cent over the course of November, figures from the Reserve Bank show.

Woolworths cuts credit card rates

Tue, 06 Jan 2009 13:00:00 GMT

Aussies on the hunt for a cheap credit card during these difficult economic times may do well to pop into their local Woolies next month as it drops its interest rates.

Economists say emergency Bank meeting off

Mon, 05 Jan 2009 13:00:00 GMT

It is unlikely that the Reserve Bank will hold an emergency meeting this month to have another chop at the base rate, economists have announced.

Beating loans woe and drastic plastic bills

Sun, 04 Jan 2009 13:00:00 GMT

As the new year gets underway, many Aussies may be looking for a spot of advice to peg back their home loan and credit card debt, particularly considering the current economic scenario.

Mac Bank 'sets the standard' with new credit card

Sun, 04 Jan 2009 13:00:00 GMT

Macquarie Bank has given other credit card providers plenty of food for thought with its new "business class" plastic offering, Business Spectator has enthused.

2009: how to save

Thu, 01 Jan 2009 13:00:00 GMT

While many people may still be nursing their heads after some serious seasonal partying, Nine MSN has offered up a few tips to help people avoid a nasty financial hangover from the money misery of 2008.

Cash registers keep ringing

Mon, 29 Dec 2008 13:00:00 GMT

Sales-mad Aussies are set to spend over $5.5 billion between Boxing Day and the end of December in a bid to bag the best bargains, it has been revealed.

New credit card causes problems at Microsoft

Sun, 07 Dec 2008 13:00:00 GMT

At a time when many people may be struggling with bill payments, one Australian man has had a slightly different problem trying to pay off his email service debts: Microsoft won't take his money.

Swan calls for credit card cuts

Tue, 02 Dec 2008 13:00:00 GMT

Although some banks have been quick to pass on rate cuts on low-interest home loans, Federal treasurer Wayne Swan wants to know why there aren't more cheap credit cards on the market.

Consumers call on credit cards for Christmas cash

Thu, 27 Nov 2008 13:00:00 GMT

This festive season, millions of Aussies will rely on credit cards to see them through the Christmas period, a new study has claimed.

Death knell sounds for easy credit

Thu, 20 Nov 2008 13:00:00 GMT

The era of cheap and easy credit approval is over, analysts have warned.

Women find plastic less than fantastic

Thu, 20 Nov 2008 13:00:00 GMT

Many women's love affair with credit cards is well and truly over, it has been declared.

Visa unveil keypad credit card

Tue, 18 Nov 2008 13:00:00 GMT

Visa has unveiled a new weapon in the fight against crime: a credit card with its own PIN keypad.

Aussies sceptical about shopping sprees

Mon, 17 Nov 2008 13:00:00 GMT

Australians are being decidedly cautious with their credit cards at the checkout amid fears of a recession, new figures show.

Aussies lose $500 million to credit card fraud

Mon, 10 Nov 2008 13:00:00 GMT

Australians lost more than $500 million to credit card fraudsters during the course of 2007, new stats have shown.

Consumers cancel Christmas as credit crunch bites

Tue, 28 Oct 2008 13:00:00 GMT

Santa may have a short night's work ahead of him on Christmas Eve if new figures are to believed.

Wayne weds Westpac and St George

Sun, 26 Oct 2008 13:00:00 GMT

Treasurer Wayne Swan has given his approval to Westpac's proposed $18.6 billion takeover of St George.

Aromatic credit cards put pong in purchases

Tue, 23 Sep 2008 14:00:00 GMT

Consumers indulging in a spot of retail therapy may find themselves benefiting from a whiff of aromatherapy as well following the launch of a range of scented credit cards.

'Give us discounts', Aussies urge

Fri, 12 Sep 2008 14:00:00 GMT

Consumers would rather have discounts than rewards with their credit cards as many attempt to tighten their belts in difficult times.

Crunch causing lending lull

Thu, 11 Sep 2008 14:00:00 GMT

Many Australians are finding it more difficult to get loans and credit cards as banks struggle to recoup losses, the Brisbane Times has claimed.

Avoiding the bad home loan

Thu, 11 Sep 2008 14:00:00 GMT

While Aussies are enjoying more choice when it comes to taking out a home loan, they shouldn't be blase about researching the best deal.

Retailers and banks team up for loyalty

Thu, 28 Aug 2008 14:00:00 GMT

Banks and retailers are forming an alliance to attempt to tempt customers to start spending again.

NSW community suffers in credit card skimming scam

Wed, 05 Jul 2006 14:00:00 GMT

The importance of taking care of credit cards has been highlighted by a card skimming scam in Bellingen that saw a number of residents lose thousands of dollars.