Credit Card News Archive History

Credit Card News 

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  Australians enjoying convenient contactless cards

  Increasing numbers of Australians are turning towards the convenience and speed of contactless payments.   The number of transactions made using Visa PayWave has doubled in the space of a year, from 28 million last year to ...

  Tue 30th Sep, 2014
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  Government moves to cut airline credit card surcharges

  The days of extracting millions of dollars in credit card fees could be numbered for airlines, if a government move to enact legal measures gets the go-ahead.   The government is seeking to limit the amount that Australian ...

  Fri 29th Aug, 2014
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  Chip and PIN deadline approaches – be prepared

  Most cardholders have been quick to embrace the new credit card measures designed to improve security, but the remainder needs to be ready for them or risk not being able to use their cards.   From August, cardholders will ...

  Fri 25th Jul, 2014
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  Commonwealth Bank launches card-free cash withdrawal service

  Commonwealth Bank has launched the first card-free withdrawal service in Australia for smartphone customers.   The latest update to the bank’s mobile app includes two new services, Cardless Cash and Lock and Limit, which ...

  Wed 14th May, 2014
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  Using credit cards for cheaper spending

  It's easy to criticize credit cards: when they are used inefficiently, they constitute an expensive method of payment.   With interest rates approaching 20% per annum – and higher still for reward cards – credit cards ...

  Tue 8th Apr, 2014
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  Vertigo cards improve range of 0% balance transfer offers

  A number of brands under the Westpac Group have brought their 0% balance transfer deals in line with the banking giant, improving the range of cards available for customers.   Both St. George and the Bank of Melbourne have ...

  Wed 2nd Apr, 2014
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  Avoid interest-free day trap by paying off credit card balance on time

  Credit card holders should pay off their balance in full and on time if they wish to avoid being stung for heavy charges after interest-free days run out.   Lenders are continuing to use interest-free days as a complicated ...

  Thu 6th Mar, 2014
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  Keep your credit report clean for better deals: enter the new CCR system

  In a little under two weeks, the new Comprehensive Credit Reporting system (CCR) will come into effect, with consequences for Australians' credit files and their credit applications.   The changes mean that lenders will be ...

  Thu 27th Feb, 2014 (1 Comment)
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  ANZ customers can claim $57 million after late fees ruling

  ANZ customers will be able to claim back around $57 million in late fees from the bank after the Federal Court ruled them "unconscionable".   In a landmark ruling on Wednesday, the Australian Federal Court found that some ...

  Thu 6th Feb, 2014
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  Online shoppers should compare carefully as Aussie dollar falls

  Aussie shoppers are being advised to check carefully before heading straight to overseas retailers after the dollar dipped to a three-year low.   Thousands of consumers have become regular users of overseas retailers, as ...

  Mon 27th Jan, 2014
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  Top credit card habits for 2014

  Is January 2014 the time to establish new habits for managing your spending and paying down debts?   The time-old New Year pact sees thousands of people attempt to improve their finances every January.   Our recent ...

  Fri 24th Jan, 2014
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  Strong demand drives house prices beyond the reach of young homebuyers

  Younger Australians are being forced out of the property market as the latest surge in demand from the wealthier elder generation drives up house prices.   A fall in interest rates over the past two years has driven up ...

  Tue 21st Jan, 2014
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  Australians to spend over $18 billion on Christmas

  Australians are expected to spend over $18 billion this Christmas – over $2 billion more than last year – according to Commonwealth Bank.   The bank said it expected spending to reach around $8 billion on gifts – the ...

  Thu 12th Dec, 2013
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  Authorities told to crack down on credit card surcharges

  Credit card users might finally receive some protection against extortionate charges after authorities were ordered to take action.   For years, consumers have faced steep surcharges when using their credit cards to pay for ...

  Thu 7th Nov, 2013
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  Price comparison sites help to lower the cost of living

  Are you getting the best deals for your area? Australians are being asked to consider whether they are making the most of their money depending on where they live.   Experts have suggested that modern life makes it more ...

  Tue 22nd Oct, 2013
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  Australians failing to monitor their credit history

  Four in five Australians have never checked their credit history, which could compromise their future credit applications, new research has discovered.   Veda, Australia’s main credit rating agency, has found that around ...

  Fri 4th Oct, 2013
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  Credit card rates still rising

  Credit cards rates are continuing to creep up, despite the steady fall in the central cash interest rate over the last two years.   While home loan rates have steady reduced alongside the interest rate cuts, the average ...

  Mon 16th Sep, 2013
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  Young people must learn to respect their credit history

  Younger Australians are not giving enough thought to the consequences of bad credit reports, consumer groups are warning.   The Consumer Action Law Centre has expressed concern that young people have little consideration ...

  Mon 2nd Sep, 2013
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  Busting a few credit card myths to lower your debts

  A number of basic misunderstandings about credit cards could be costing Australians a small fortune.   Many Australians are focussed on shrinking their debts. The average debt-to-disposable income ratio was calculated at ...

  Tue 30th Jul, 2013 (1 Comment)
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  Australian culture moving away from big spending

  Australians no longer see spending as the pinnacle of modern living, according to experts, who believe that the days of big spending could be drawing to a close.   Latest figures show that even discounted prices are failing ...

  Wed 10th Jul, 2013 (2 Comments)