Everybody loves a bargain, and everybody loves online shopping - so it’s no wonder Black Friday and Cyber Monday have become such big hits down under.
Data from ING shows that 70% of Aussies have shopped online at international retail sites in the past 12 months, racking up a $6.6 billion bill. In fact, Aussies have made an average of 5.6 purchases at overseas retailers in the year, averaging a spend of about $492.77 each.
Most Aussies said they shopped online because it’s cheaper - and it’s especially so during Black Friday and Cyber Monday sales - but Mozo Director Kirsty Lamont said these bargain shoppers should be aware of not only their cart total, but the method they use to pay.
“One thing shoppers should be wary of is the exchange rate, but it’s also worth paying attention to the international transaction fees a credit or debit card might charge, especially if you’re shopping up big,” she said.
Mozo’s database shows that the average international transaction fee on a credit card is 2.82% - a fee you don’t have to pay.
“Whether you’re shopping with credit or debit, finding a card that allows you to avoid international transaction fees can shave precious dollars off your bill,” said Lamont.
So if your bargain hunting is taking you across borders, check out these online shopping friendly pieces of plastic.