Credit card users 'increasingly haggling over prices'

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.

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