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Credit card news and advice

All the latest credit card news and top tips to help you manage your credit card.

  • Australians urged to compare credit cards

    Tuesday 04 August 2009

    People looking for cheap credit cards may be interested in the advice of a recent article on news.com.au.The author explores the pros and cons of a number of types of deal, urging consumers to compare credit cards before deciding which one is best for them.It explained people who pay off their cards on a regular basis and those who spend a lot on them can benefit from the various reward schemes on offer."However, if you are always carrying an outstanding balance and pay interest each month, forget about it," the article reads. "Reward cards are not for you."It quotes Canstar Cannex financial researcher Peter Arnold, who explained platinum cards may be useful for big spenders as they earn rewards quicker.However, it also explains consumer group Choice advises against reward cards unless the user is likely to make a lot of purchases.The advice comes as St George Bank and Westpac revealed they are to cut charges for overdrafts on all accounts, in order to help customers deal with the financial crisis.This article is brought to you by Mozo – Helping you compare credit cards

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  • Late payment credit card fees 'should be scrapped'

    Wednesday 29 July 2009

    Consumers’ attempts to obtain cheap credit cards could be boosted following calls for the removal of late payment fees.

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  • Beware credit card debt consolidation deals

    Monday 27 July 2009

    Consumers should be wary of offers to consolidate credit card debts and reduce payable interest rates as they can often just add to the debt burden, it has been claimed.

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  • Cabbie banned after credit card fraud

    Thursday 23 July 2009

    A taxi driver facing a slew of offences including credit card fraud has had his application for the redemption of his licence rejected.

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  • Telstra customers hit with credit card payment fee

    Monday 20 July 2009

    Telstra customers will soon be stung by additional credit card processing fees as a result of a raft of new charges that target those paying their bills in person.

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  • ATO payment scheme riles consumer watchdog

    Monday 20 July 2009

    A new initiative from the Australian Tax Office (ATO) which lets people pay off their outstanding tax obligations via credit card has come under fire from consumer groups.

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  • Credit card spending on the up

    Thursday 16 July 2009

    Australians spent $17.77 billion on credit cards and debit cards in May, an increase of 2.3 per cent on the previous month, new data from the Reserve Bank of Australia (RBA) has shown.

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  • Consumers turning their back on debt

    Wednesday 15 July 2009

    Concerned about employment prospects, many Australians were reluctant to take on new debt in May, the latest figures from the Australian Bureau of Statistics (ABS) show.

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  • Wising up to overseas credit card fees

    Monday 13 July 2009

    Aussies heading off on holiday in the coming months need to wise up to the risks of using their credit card overseas.

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  • Aussies know credit card fees but still pay late

    Monday 06 July 2009

    Although Aussies have taken the time to compare credit cards and are well aware of the the payment charges, many are still being stung by late fees.

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