Credit Card News Archive History

Credit Card News 

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  'Fairness concerns' over new Aussie credit reporting regimen

  Credit reporting could work as an "honour system" under the new regime, one industry expert has said. There are concerns over whether a new Aussie credit reporting regimen will be fair, it has emerged.Katherine Lane, of ...

  Wed 30th Mar, 2011
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  Protect your email 'to reduce risk of credit card fraud'

  People should not send credit card and bank account details via email. Australians need to ensure they protect their email in order to minimise the risk of private data being hacked into.This has been suggested by Mike ...

  Tue 29th Mar, 2011
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  Pay off your credit card each week 'and get free money'

  Paying off a credit card each week is like having free money from the bank, it has been suggested. People should make sure they pay off their credit card each month and get free money.This is the advice of Karina Barrymore, ...

  Mon 28th Mar, 2011 (1 Comment)
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  Credit card providers 'among those vying over contactless payment methods'

  The desire for contactless payment methods is increasing, one writer has suggested. Credit card providers, banks and phone carriers are among those who are competing over contactless payment methods, it has been ...

  Thu 24th Mar, 2011
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  CBA launches flood package to home loan and credit card customers

  The natural disaster has affected people in the south coast of the New South Wales region and around Illawarra. The Commonwealth Bank of Australia (CBA) has launched an emergency flood package to those affected by flooding in ...

  Thu 24th Mar, 2011
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  Credit cards 'can be attractive to new businesses'

  Companies like credit cards because they offer a quick access to finance, according to one writer. Small businesses may be keen on credit cards because they offer a quick way of paying for items, it has been suggested.Keeli ...

  Wed 23rd Mar, 2011
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  How to budget with credit cards

  People should be applying a section of their income to settling debts, it has been advised. Making a list of income and outcome from the last three months, including spend on credit cards, can help people to budget, it has ...

  Wed 23rd Mar, 2011
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  Credit card laws could save families money on interest bills

  Credit card repayments would go on the debt with higher interest rate under new laws. Families could save hundreds of dollars thanks to forthcoming Aussie credit card laws, it has been revealed.According to the Herald Sun, ...

  Tue 22nd Mar, 2011
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  Good credit card deals 'are hard to come by'

  Banks are more interested in winning mortgage business, one writer has said. Good credit card deals are becoming harder to come by, it has been said.According to Nicole Pedersen McKinnon, writing for the Sydney Morning ...

  Tue 22nd Mar, 2011
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  Australian consumer spending 'to stay sluggish'

  Australian consumer spending will remain weak through much of 2011, it has been suggested. The chief executive of a major Australian retailer has warned that consumer sentiment down under is unlikely to improve in the near ...

  Mon 21st Mar, 2011
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  Australians 'are avoiding the credit card debt trap'

  There is an increasing number of people paying off their credit card in full each month, it has been stated. Australians are paying off their credit cards in the interest-free period, rather than becoming stuck in a debt ...

  Mon 21st Mar, 2011 (1 Comment)
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  CBA: Debit and credit card transactions up by 0.5%

  Consumer spending is up, according to one bank. The Commonwealth Bank (CBA) has revealed an increase in consumer spending.According to the financial organisation's Business Sales Indicator (BSI) - which tracks the value ...

  Mon 21st Mar, 2011
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  Aussie government targets credit card fees

  The Australian government is proposing new credit card rules. The Australian government is aiming to prevent the country's consumers from spending irresponsibly using their credit cards by limiting the amount by which ...

  Wed 16th Mar, 2011
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  'Keep statement in mind' when using Australian credit cards

  Consumers should keep their credit card statement in mind, it has been advised. People should keep their statement in mind when they use Australian credit cards, it has been suggested.According to a report by Alex Tilbury of ...

  Mon 14th Mar, 2011
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  Keep a low-limit credit card 'for emergencies'

  There should be a limit of no more than $1,000 on credit cards that are there for emergencies, it has been recommended. People who are keen to carry credit cards to be used in emergencies should ensure the items have a limit ...

  Fri 11th Mar, 2011
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  Credit card merchants 'are profiteering from surcharges'

  The average surcharge is 2.55 per cent, research has found. Credit card merchants are profiteering from the surcharges on their products, it has been suggested.According to Lesley Parker, writing for the Sydney Morning ...

  Fri 11th Mar, 2011 (1 Comment)
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  Avoid unnecessary credit card spent 'for more frequent flyer points'

  People should not alter their spending habits in order to collect more frequent flyer points, according to one user. Those who travel a lot may enjoy collecting frequent flyer points on their Aussie credit card, but people ...

  Thu 10th Mar, 2011 (2 Comments)
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  Banks may be forced to stop offering 'unsolicited Aussie credit limit increases'

  If the legislation was passed it would mean banks could not even suggest to a consumer that they might require an extension on their credit limit, it has been said. Banks may not be able to offer customers unsolicited Aussie ...

  Tue 8th Mar, 2011
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  Real cost of minimum monthly balance on credit card debt to be revealed?

  Choice has suggested banks should make this information available. A consumer organisation has encouraged banks to show exactly how much it will cost to pay off a credit card if people only knock off the minimum each ...

  Fri 4th Mar, 2011
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  Credit card, transaction account and mortgage combination 'can cut rates'

  Creating a package loan could be worthwhile, it has been advised. Those who are keen to reduce a bank's standard variable interest rate might like to combine a credit card, transaction account and mortgage, it has been ...

  Wed 2nd Mar, 2011