Tips for credit card success

The days of cheap credit cards and pre-approved applications may be coming to an end for younger Australians, but there are a few ways to improve your chances of getting credit. reports that one of the first options should be to go into your local branch and talk with your bank account provider, as lenders are typically much more keen to lend once they have met people face to face.

"Establishing a relationship with a bank that issues credit cards is an extremely simple thing to do, and builds the relationship with a lender, before building a credit history," the consumer site suggests.

Meanwhile, for those who have given their rating a bit of a bruising battling credit card debt in the past, opting for a secured credit card may be an effective way to convince your bank to take their guard down, goes on to advise.

The latest lending figures from the Reserve Bank of Australia have shown that Australians continued to steer away from credit cards in February, with the amount of money used to pay off debts approaching near-record levels.

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