Tags: credit card interest

Credit card sucking your savings dry? Save $2000 in 2 minutes.

Do you know your current credit card interest rate? If the answer is no you’re not alone. Most Australians swipe their credit card each day without the slightest idea of their interest rate or the toxic effect that a bad rate can have on your ability to get out of debt. Despite a record low…

Infographic: Are we a nation of money wasters?

Interest, vices, fees, and bills may seem like small change but Australians throw away a staggering $25 BILLION on these avoidable expenses every year. We list the top 10 money wasters and show you how to take a stand against money wastage! To embed our infographic to your wordpress blog or site, simply copy and…

Smash your debts fast with a balance transfer credit card.

The RBA recently revealed that Aussies are losing their appetite for taking on large debts with the average credit card debt falling 1.1% over August to $3262. It’s great that we’re becoming more frugal and cutting back on unnecessary spending, but despite this Australians are still bad at paying off the amounts we already owe…

Credit cards versus personal loans. What’s the cheapest way to borrow $5,000?

  Have you ever needed a short burst of extra cash, maybe to pay for that trip overseas or make some improvements around the house? You probably asked yourself “should I pay for it on a credit card or just take out a personal loan? What is the difference between the two and most importantly,…

The Magical World of Interest

As you may remember, a media firestorm erupted last week when Westpac announced it would charge interest on fees and interest on all Westpac Credit Cards. Westpac defended itself by saying this is standard practice among banks — but just how standard is it? Well, it seems Westpac was right. Across the ‘Big 4’, interest…

Are new charges really in Westpac’s interest?

Headlines were made yesterday when Westpac announced it will charge interest on interest charges and fees on all its credit card accounts, starting in June. While media commentators and consumer groups savaged the bank, and the Treasurer labelled it a “serial offender”, the new charges are more or less standard practice — at least among…

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