From changing banks to refinancing your home loan, it’s not uncommon to switch things up with your finances every now and then. Some common reasons Aussies choose to do this is the chance to save a few bucks or their current deal is no longer competitive.
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While home loan and business owners have received extensive financial aid, it’s credit card customers who have pulled the short straw in the COVID-19 pandemic.
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Buy Now Pay Later report quick facts:
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With social distancing restrictions easing and spirits lifting, it seems as though Aussie households are starting to see the light at the end of the COVID-19 tunnel.
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With social restrictions and business closures, Aussies are spending less on their credit card than they used to.
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As the COVID-19 lockdown continues around the country, Aussie households have had to adjust to a new way of living.
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Having credit card debt isn’t fun. And in the current financial climate, debt may be looking even more unpleasant than it did before.
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Everyone knows the double-dipping debate that divides the nation - whether or not it’s ever acceptable to dip a chip into the party’s guac a second time.
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With credit card interchange fees set to be capped at 0.8% come July 1, credit card giant Citi has rethought the rewards on offer for its cardholders, introducing a tiered earn rate for different types of spending.
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Picture this: you buy your groceries, shop the mid-year sales, pay your bills, buy a round at the pub, and every dollar you spend gets you closer to where you really want to be - which is lying on a beach somewhere in the tropics.
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