Aussies are giving their plastic a workout this Christmas, with 38% of people looking to their credit card reward schemes to help with gift shopping, according to research from Citi.
With just over a month to Christmas, many Aussies are whipping out their credit card at the checkouts more and more to cover the costs of the festive season.
Ready your credit cards and pray for your savings account because at approximately 7pm tonight, they may find themselves in a Frenzy.
Aussies love rewards, with around half of us carrying at least one rewards credit card in our wallet according to a recent survey by Mozo, but many rewards lovers have seen the value of their rewards program drop in 2017.
The season of giving may be fast approaching with Christmas just six weeks away, but that doesn’t mean you need to extend that generosity to forking over excessive interest and fees when you’re paying for presents this year.
Adding to its range of car and home insurance, Mozo Experts Choice Award winner Coles is now offering domestic and international travel insurance policies.
Aussies who have their credit card with NAB and Westpac might have noticed a bump in late payment fee costs over the last 12 months, according to a Banking Day review.
Rewards lovers took a blow recently when Westpac announced it was canning Amex companion cards with it’s range of rewards credit cards - but there’s no need to panic just yet.
UPDATE 19/4/18: Westpac has launched a pair of American Express issued rewards cards, available to all new cardholders as part of a bundle with Westpac issued Platinum and Black cards. More information here.
If you're like many other Aussies, you may have acquired a sizeable balance on your credit card throughout the year that you're eager to get on top of. But where do you start? How about with one of these top balance transfer cards, hand-picked by the Mozo editors to help make this the year you beat credit card debt. Check them out below*.