Credit Card News Archive History

Credit Card News 

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  New app converts reward points to cash

  New advances in mobile transactional technology could mean that credit card and lifestyle reward systems are ready to evolve to the next stage.   In December, Commonwealth Bank launched its Kaching app for iPhone users. The ...

  Fri 27th Jan, 2012
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  Buy Australian to support the economy

  Buying Australian produce helps to create local jobs and support the national economy, says a patriotic consumer group.   Australian Made | Australian Grown has urged consumers to think about the benefits of buying local ...

  Wed 25th Jan, 2012
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  Aussies determined to slash credit card debts

  Concerned Australians are once again signalling their intentions to ditch their credit cards and reduce their debt as the global downturn slowly takes its grip on the domestic economy.   A poll commissioned by ING Direct ...

  Wed 25th Jan, 2012
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  Consumers take the upper hand on price matching

  Declaring that they have the lowest prices has long been useful rhetoric for retailers. Many offer under-utilised price matching schemes. Now, as consumers take the upper hand, retailers are being taken to task on these ...

  Mon 23rd Jan, 2012
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  Credit card use abroad costs Aussies over $300 million per year

  Consumers who use credit cards abroad regularly are being advised to check whether they are expensive to use overseas.   It has been estimated that Australians spend well over $300 million on unnecessary debit and credit ...

  Mon 16th Jan, 2012 (2 Comments)
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  Airport parking failure charges thousands to credit card

  Credit cards are an efficient method of payment, but there will be occasions where electronic systems fail and something goes wrong. There are fewer more striking examples than when a motorist found his credit card charged ...

  Fri 13th Jan, 2012
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  Comment: Airmiles Credit Cards: Still in Vogue?

  It’s been interesting to witness how, in some parts of the world, the love affair with airmiles seems to be dying. Perhaps not in Australia, though!   Frequent flyer programmes are now into their fourth decade. Initiated ...

  Wed 11th Jan, 2012
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  Retailers could struggle in 2012 if spending stays low

  Official figures for Australian retail trade in November predict tough times ahead for local retailers.   Seasonally adjusted figures from the Australian Bureau of Statistics show only a 0.03% rise in spending in November, ...

  Mon 9th Jan, 2012
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  Comment: Could Australia use a Mary Portas to revitalise its retail sector?

  As retail continues to slide, what's next for the beleaguered High Street?   Australian retailers are becoming increasingly worried. Post-Christmas spending has risen slightly, but it has not been the gold-rush of trade ...

  Wed 4th Jan, 2012 (1 Comment)
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  The popularity of online sales worries retailers

  Despite the Boxing Day promotions, Australian retailers remain sceptical about their prospects for 2012, citing online sales as a major concern.   A private survey revealed that both sales and profit expectations had fallen ...

  Tue 3rd Jan, 2012
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  Retailers boosted by $1.7 billion Boxing Day spending binge

  Retailers received a major boost on Boxing Day with nearly $2 billion crossing the counter.   A difficult year has seen many retailers close down. Cuts to interest rates in November and December offered much hope to a ...

  Tue 27th Dec, 2011
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  Australians ready to celebrate in style as alcohol sales soar

  Australians are ready to end the year with a bang. Spending on alcohol is set to rise by 5% this December, an all-time high, while spending overall is set to outpace other major economies.   The report by IBISWorld predicts ...

  Fri 16th Dec, 2011
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  Australia: the land of the rip-off?

  A new report has identified Australia as an astonishingly expensive to live, and blames the government in many cases for making it unaffordable.   According to the Centre for Independent Studies’ Price Drivers report, ...

  Thu 15th Dec, 2011 (2 Comments)
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  Cost of Christmas rises as banks remain tight on credit cards

  Australian banks are continuing to walk a tightrope with consumers and retailers by making spending more expensive.   It was revealed last week that the major banks were making (or saving) an estimated $7 million per day by ...

  Tue 13th Dec, 2011
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  Consumers anticipate interest rate cut before Christmas

  Many believe that the Reserve Bank is set to cut the official interest rate again, ahead of their final meeting for 2011 next week.   A survey by home loan provider Loan Market found that 39% expect the Reserve Bank to ...

  Thu 1st Dec, 2011 (1 Comment)
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  Fake credit card ring cracked

  Three people, including two Malaysians, have been arrested by Australian police in Melbourne after a counterfeit credit card ring was cracked.   Federal police seized 10,000 fake credit cards with a total credit limit of ...

  Fri 25th Nov, 2011
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  ATM security comes under fire

  Banks are coming under fire for not using their record profits to improve ATM security, though some are ready to make changes.   Greg Smith, New South Wales Attorney General, criticised banks at a recent security summit for ...

  Wed 23rd Nov, 2011
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  Sales figures for October offer positive signs to businesses

  Rising sales figures in October have offered good news for businesses with Australian consumers laying their frugality aside.   The 0.4% rise on the Commonwealth Bank Business Sales Indicator has come after rises in August ...

  Fri 18th Nov, 2011
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  Australians turning away from credit cards for Christmas

  Consumers are increasingly looking to turn away from debt, figures now show.   Credit card accounts have fallen in September for the first time in 17 years. Credit card limits have only grown by 1.5% over the past year, the ...

  Tue 15th Nov, 2011
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  Credit card fees outweigh value of rewards

  About half of all Australian credit card holders are getting no value from their credit card rewards because of fees.   Annual credit card fees are outweighing the value of bonus merchandise or air miles in most cases, it ...

  Fri 11th Nov, 2011