Aussies 'should pay off credit cards promptly'


Wednesday 23 March 2011

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.

Credit card bills 'should be paid promptly'

Speaking to the Sydney Morning Herald, director of Anise Consulting Heather Smith said this form of payment can be very convenient for Aussies to have in their wallets.

Indeed, she observed that when "times are tough" a credit card can be a valuable tool to aid cash flow.

However, the expert added a word of caution that those going online to compare credit cards may want to heed.

"If you let payments slip, it can be a real effort to get it back to a zero balance," she asserted.

Aussies were recently warned to be alert to online scams designed to get credit card details and money.

Consumer Watch spokesman Paul Tully cited as an example of this a recent spate of emails offering recipients £2 million ($3.28 million), which were distributed to inboxes across the country and purported to be from British prime minister David Cameron.

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