It’s no secret Aussies have an appetite for ‘tap and go’, but the trend of whipping out your credit card or debit card to use the service when paying for groceries or the restaurant bill could be hurting small businesses.
Although the Christmas tree may be long gone, packed away in the loft with the tinsel and baubles gathering dust, there’s one thing from the festive season that you might still be feeling the effects of: credit card debt. In fact, according to a recent report by Mozo, Australians currently have a whopping $27.2 billion of credit card debt racked up, accruing interest.
Today, the Commonwealth Bank has released a brand new rewards credit card to join its Awards program, the Ultimate Awards credit card.
Congratulations Australia, our collective credit card debt has dropped as a nation by over 8% in the last year.
With Christmas almost a week away, Aussies across the country are rushing to make their online orders and are queuing up at the checkout, credit card at the ready.
Commonwealth Bank (CBA) has just launched a new in-app feature that rewards you for making everyday purchases with your credit card or debit card - whether that’s buying your weekly milk and bread, topping up petrol, or ordering takeaway Chinese for dinner.
Global credit card and payments company Mastercard has been making inroads into digital security, unveiling a new digital ID service which will allow customers to verify their identity without having to provide any cards or documents.
Just like Christmas, Black Friday comes but once a year. It may not be the most wonderful time of the year, but whether or not you like this crazed shopping spectacle, it’s still a good time to get a bargain on something you’ve been needing for a while, whether that be a new kitchen appliance, sporting equipment or even a Christmas present for your loved one.
It’s no secret Aussies love splashing cash at Christmas, whether that’s by whipping out their credit card or dipping into their savings. But new Mozo research has found many are choosing to keep the celebrations low-budget this year, with 28% saying they plan to tighten their spending due to rising costs of living and slowing wage growth.
Christmas is just around the corner, and many Australians aren’t holding back when it comes to dipping into their savings or whipping out the credit card to buy presents for loved ones.