Are you guilty of this bad online shopping habit?

bad-shopping-habits

Whether you’re straight up addicted or only use it when you have to, most of us have made one online purchase this year. But according to new research by MyState Bank, we might have added a few negative money habits to our virtual cart. 

The research found that bad online shopping habits are costing the average Aussies more than $400 a year! 

Some of the bad habits included buying more items to hit the ‘free shipping’ limit (48%), not returning an item that wasn’t right or didn’t fit (24%) or using online shopping as a way to kill time and boredom (23%). 

Other silly shopping habits included purchasing unnecessary items because they were on sale (21%) and storing their credit card details in their favourite websites to allow for faster and easier future purchases (17%). 

“With the online sales season in full swing, our research uncovered Australians are engaging in online shopping habits which are likely burning a hole in their pockets. We calculated costly habits are costing online shoppers an average of $424 each year,” said MyState Bank general manager, customer experience Heather McGovern. 

Interestingly, 36% of Aussies believe that they spend more money shopping online than they do when shopping in physical stores, while 65% said the time spent shopping online since the COVID-19 pandemic began has increased. 

“While many Australians enjoy the convenience of online shopping, the danger is that there aren’t many barriers to spending money. Compared to shopping in a store, consumers don’t have to put as much effort or thought into adding things to their cart.”

2020 delivers a new way to shop

At the height of the COVID-19 pandemic, many Aussies felt uneasy about entering physical shopping centres to get what they needed. They therefore changed course, perhaps for good. 

MyState Bank found that 44% of online shoppers are now purchasing items previously bought in-store before the pandemic hit, like clothing and groceries. And according to McGovern, it’s the one shopping trend that’s here to stay. 

“Our new research reveals how dramatically shopping habits have evolved over the past several months, with many of these behavioural changes likely to permanently reshape the way Australians shop in the future,” she said. 

“The shift to online shopping over the last decade has been slowly embraced by most Australians, but the pandemic has put this trend into hyper speed – and there’s no going back.”

So, if you’re planning on making online shopping your preferred way to shop, you might be in need of a low rate credit card that can keep up with your spend. 

You can compare a range of credit card options by heading over to our low rate credit card comparison tool!

Compare low rate credit cards - last updated 6 August 2022

Search promoted credit cards below or do a full Mozo database search . Advertiser disclosure
  • Virgin Money No Annual Fee Card

    Virgin Money No Annual Fee for the life of the card. 0% p.a. for 12 months on purchases (reverts to ongoing purchase rate) and balance transfers (reverts to cash advance rate).

    Purchase rate
    0% p.a. for 12 months then 18.99% p.a.
    Balance transfer rate
    0% p.a. for 12 months and then 20.99% p.a.
    Annual fee
    $0
    Details
  • Apply By 31 Oct 2022
    Westpac Low Rate - Cashback Offer

    Enjoy a super low rate of 13.74% with 55 days interest free plus up to $200 cashback - $50 cashback for each month you spend $1,000 or more on eligible purchases in the first 4 months from card approval. New Cards only. T&C's and exclusions apply.

    Purchase rate
    13.74% p.a.
    Balance transfer rate
    6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
    Annual fee
    $59
    Details
  • Apply By 31 Aug 2022
    St.George Vertigo - Balance Transfer Offer

    0% p.a. for 32 months on balance transfers requested at card application. 0% balance transfer fee applies. Rate then switches to applicable variable cash advance rate. No annual fee for the first year, $55 thereafter. New cards only, Eligibility criteria and T&Cs apply.

    Purchase rate
    13.99% p.a.
    Balance transfer rate
    0% p.a. for 32 months and then 21.49% p.a.
    Annual fee
    $55 $0 in the first year
    Details
  • Virgin Money Virgin Australia Velocity Flyer Card - Balance Transfer Offer

    Get in the air with a $129 Virgin Australia Gift Voucher each year. 0% p.a. for 28 months on balance transfers.

    Purchase rate
    20.74% p.a.
    Balance transfer rate
    0% p.a. for 28 months and then 20.99% p.a.
    Annual fee
    $129 $0 in the first year
    Details
  • Mozo Expert Choice Badge
    American Express Low Rate Credit Card

    Competitive low rate with $0 Annual Fee. Offers Card Refund Cover and Card Purchase Cover. Customers need an annual income of $50,000 or more.

    Purchase rate
    8.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $0
    Details

^See information about the Mozo Experts Choice Credit Card Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.