Do you love the feeling you get when you buy a present for your friends, family members or even furr-kids? Well it turns out you’re not alone, in fact as a nation us Aussies are pretty generous folk, spending a whopping $19.8 billion on gifts every year.
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For some it’s a convenient way to pay, for others it’s the insurance perks, but for many Australians the major attraction of a rewards credit card is points, points, points.
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While Aussies have a love affair with their plastic, new research has found most of us only ever carry around one credit card.
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From next month, commuters across NSW will be able to tap on and off using their credit card and debit card on Sydney buses, which according to NSW Transport Minister, Andrew Constanceto is completing the “final piece in the contactless payments puzzle.”
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With no job to tie you down, retirement promises more opportunities to wind down and relax, whether it’s learning new hobbies or finally taking that dream holiday overseas. But for a growing number of senior Aussies, that may no longer be possible with their credit card trapping them in debt they can’t pay off.
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If having debt on your credit card makes you anxious, you’re not alone. New research from credit bureau Experian found a whooping 84% of Australians would worry if they skipped a credit card repayment, but nearly half don’t make their repayments on time.
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Today, Macquarie Bank has announced that it will remove international transaction fees on its credit cards at the beginning of next month.
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As cash transactions seem to be becoming a thing of the past, the ‘tap and go’ trend on debit and credit cards continues to grow, bringing with it some heavy fees that are hurting small businesses.
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Today Australia’s biggest airline has invested $25 million into a series of changes to the massively popular Qantas Frequent Flyer program to help its members get more out of their rewards points.
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