Credit card news and advice

All the latest credit card news and top tips to help you manage your credit card.

Australia’s best credit cards 2020

Australia’s best credit cards 2020

Whether you love a low rate, minimal fees, rewards or need to clear your debt with a balance transfer, we’ve got you covered for this year’s best credit cards.

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Credit cards in 2020 a report into choosing the right card for your needs

Credit Cards in 2020: A report into choosing the right card for your needs

While credit cards can help with immediate expenses, they require careful consideration in the bigger picture. This is especially so in uncertain times, like those presented to us in 2020. Recent Mozo research shows that consumers are not unanimous about credit cards right now either. For example, 14% of people we surveyed mid-year said they were getting a new credit card, 12% said they were upping their existing credit limit, while 11% said they were cancelling all lines of credit. A further 19% said they are using buy now pay later services to get by instead.

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5 credit card tips everyone should know

For a lot of us, our credit cards play an important part in our everyday spending. But like any other form of credit there are a few things to keep an eye on, including fees and interest. So whether you’ve decided to pick up your first credit card or are in need of a quick refresher, here are five tips to ensure managing your plastic is fuss-free.

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Are no interest credit cards worth it

Are no interest credit cards worth it?

If you like to keep up with the latest in personal finance, then you might know that interest-free credit cards are among some of the latest offers to hit the market. As the name suggests, these are credit cards that feature no interest on an ongoing basis.   In early September, NAB launched its Straight Up credit card and was shortly followed by CommBank’s Neo credit card, both resembling a Buy Now, Pay Later (BNPL) service. But should you be picking one up in the near future or are you better off sticking with a low rate credit card? To help you make a decision, we’ll look at the pros and cons, plus how they stack up to low rate and 0% introductory rates credit cards.

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Do you really save with a no annual fee credit card

Do you really save with a no annual fee credit card?

Whether you’re new to plastic or well seasoned, you have asked yourself: will I save by paying no annual fee on my credit card? Well, that all depends on your spending habits.  According to the Mozo database, credit card annual fees range from $0 to $1,200. In some instances it may be more cost effective to pay no fee and save the amount annually. But on the other hand, it could be better to pay a fee and offset it in rewards and perks or a lower interest rate. The simple way to find out if you’ll actually save money with a no annual fee credit card is to determine what type of spender you are. How exactly? Check out this scenario …

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Commbank neo cba s answer to buy now pay later

CommBank Neo: CBA’s answer to buy now, pay later

Taking its cues from NAB, which rolled out Australia’s first interest-free credit card yesterday with the StraightUp credit card, CBA has announced the upcoming launch of CommBank Neo.The CommBank Neo card will give customers up to $3,000 of credit. There are also no interest payments, no late payments, and no foreign currency fees - only a fixed monthly fee depending on your credit limit will apply.The three credit limits with corresponding monthly fees are detailed below. However, fees will be waived for the month if the card isn’t used and you have an outstanding balance of $0 during the statement period.

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Nab is straight up with its brand new credit card

NAB is ‘Straight Up’ with its brand new credit card

Ever felt confused about all the bells and whistles attached to your credit card? Unsure how it all works? Well, it's time to get straight up! Today, major bank NAB has done just that and launched a new product: the StraightUp credit card. Unlike other credit cards that charge interest, this card comes with no interest at all. Yes, you read correctly … no interest. Instead, customers are charged a monthly fee which ranges from $10 to $20 and is dependent on the credit limit attached to the card:

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