Credit Card News Archive History

Credit Card News 

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  'Determined effort being made' to pay off credit cards

  Aussies are showing a steely determination in getting to grips with their finances, it has been suggested.With concerns about the economic downturn growing, people are increasingly turning their backs on their "big ...

  Tue 30th Jun, 2009
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  Money management guidance 'needs to be given early'

  It is crucial that young people are taught about the importance of managing money from an early age, a number of financial experts have claimed.One of these is Cameron Spears, financial planner for Ord Minnett, who states ...

  Tue 30th Jun, 2009
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  Budget 'can help with money management'

  The setting up of a budget can prove to be an effective means for people to get to grips with their finances, it has been suggested.Commenting on the launch of Wesley Mission's online budgeting website, Graeme Cole of the ...

  Mon 29th Jun, 2009
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  Lottery millionaire 'lived off credit cards' before win

  A lottery winner has spoken about the importance of managing money wisely, it has emerged.In an interview with the Sunday Mail, the anonymous Adelaide millionaire - who won $20 million on Powerball eight years ago - reveals ...

  Mon 29th Jun, 2009 (1 Comment)
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  Reserve Bank keeps an eye on unemployment

  The Reserve Bank will keep a close eye on whether unemployment rises before making a decision on the interest rate, a report says.A further deterioration in the economic climate could trigger further cuts by the Bank, which ...

  Fri 26th Jun, 2009
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  Report reveals extent of online credit card scams

  The lengths to which cybercriminals will go in an attempt to obtain consumers' credit card details and other pieces of personal information have been revealed in a new study, it has emerged.In the Typologies and Case Studies ...

  Thu 25th Jun, 2009
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  Balance transfers 'can help keep debts down'

  Balance transfers can be an effective means of getting to grips with debt, it has been suggested.Such products - which could include 0% balance deals - are the credit cards which receive the most enquiries on the InfoChoice ...

  Thu 25th Jun, 2009
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  Commonwealth Bank travel card 'has benefits'

  Travel cards can be an effective means of spending money abroad, Aussies have been told.Commenting on the release of Commonwealth Bank of Australia's Travel Money Card, Cannex research analyst Henry Senlitonga points out ...

  Wed 24th Jun, 2009 (4 Comments)
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  Lenders not cutting credit card rates 'due to risk concerns'

  Although numerous mortgage products have been cut in line with the base rate reductions by the Reserve Bank of Australia (RBA), lenders remain reluctant to do the same with credit cards, it has been suggested. Shane Oliver, ...

  Wed 24th Jun, 2009
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  Children 'should learn about money from early age'

  It is crucial that children learn about money from a very early age, it has been suggested.Speaking to Adelaide Now, a number of economic experts from the city claim that as soon as they are able to speak children should be ...

  Tue 23rd Jun, 2009
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  NAB unveils new telephone bank account technology

  The National Australia Bank (NAB) and its partners have unveiled details about a new development in bank account technology, it has emerged.Salmat VeCommerce and Telstra have worked together to create a voice biometric ...

  Tue 23rd Jun, 2009 (1 Comment)
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  Aussie women 'offer tips for saving'

  A group of women are increasingly looking at ways in which to save money in the current economic climate, it has been revealed.Those looking at increasing the amount of cash they are able to place into saver accounts could ...

  Tue 23rd Jun, 2009
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  Bank customers 'should switch to a better deal'

  Those customers unhappy with their current bank should consider switching to a building society or credit union, it has been suggested.Research carried out by InfoChoice on the behalf of the Herald Sun reveals that despite ...

  Mon 22nd Jun, 2009
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  Credit card rates rise as interest falls

  In spite of a series of cuts to the official base rate in recent months, new research shows that credit card customers are yet to benefit.Indeed, research carried out by consumer group Choice reveals that over half of cards ...

  Mon 22nd Jun, 2009
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  Consumer spending to fall during downturn, BankSA reports

  The financial crisis is set to have a negative impact on consumers' spending habits, it has been suggested.At the launch of the Trends economic bulletin from Access Economics and BankSA, it was reported that although ...

  Fri 19th Jun, 2009
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  Well-off Aussies 'struck by downturn', HSBC reports

  A significant number of well-off Australians have seen their personal finances take a hit, HSBC reveals.Research by the bank - which includes the HSBC Credit Card in its range of products - reveals that around half of 30 to ...

  Fri 19th Jun, 2009
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  Credit card activity falls

  Australians are using their credit cards less often, new figures show.In the latest findings from the Reserve Bank of Australia (RBA), the overall value of charge and credit transactions fell from the $18.77 billion recorded ...

  Thu 18th Jun, 2009 (1 Comment)
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  Fiscal stimulus 'holds up consumer spending'

  Moves by the government and Reserve Bank of Australia (RBA) are helping to guide the country though the economic downturn, it has been suggested.Writing in a blog entry, Michael Stutchbury, economics editor for the ...

  Thu 18th Jun, 2009
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  University professor calls for credit card rate limit

  A law professor is demanding that credit card customers get a fairer deal, it has been revealed.Speaking on the ABC Local Radio show presented by Mark Colvin, Frank Zumbo, professor of law for the University of New South ...

  Wed 17th Jun, 2009
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  Bank account scam 'may have hit 10,000 people'

  Thousands of customers the ANZ Bank are thought to be potential victims of a credit card fraud operation in Melbourne, it is stated.A senior detective has told Melbourne magistrates court that the bank - which includes the ...

  Wed 17th Jun, 2009