RBA: Aussies owe an average of over $3k on their credit cards
Data from the central bank showed that across the country, debt incurred on plastic stands at $49.3 billion, reports News.com.au.
It revealed that this represents a 42 per cent increase on the amount owed five years ago.
Debt Relief Australia spokesperson Deborah Southon asserted that the typical family may owe more than the national average, as many have two or more cards.
Earlier this month, the same news provider reported that Coles is set to trial a system whereby customers can use their credit and debit cards to purchase groceries at drive-through stores.
Have a question about credit cards? Ask the money gurus at Mozo Answers.