Credit Card News - April 2010 Archive History

Credit Card News - April 2010 

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  Abolition of over-limit credit card fee 'helped NAB to win awards'

  Abolishing the over-limit fee on credit cards has resulted in NAB being rewarded. National Australia Bank (NAB) has won three accolades, partly thanks to it abolishing the over-limit fee on its credit cards.The organisation's ...

  Wed 28th Apr, 2010
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  Credit card and personal loan applications 'down across country'

  A decrease in credit card and personal loan applications has occurred between January to March 2010, one report has said. There has been a two per cent drop in the number of combined credit card and personal loan applications ...

  Wed 28th Apr, 2010 (1 Comment)
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  Interest rate rises leading to increased debt

  People could be thrust into further debt if interest rates rise again, one expert has said. It could soon be the case that everyone is in more and more debt when the interest rate rises.This is the opinion of Nicole ...

  Tue 27th Apr, 2010
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  New lending laws 'could mean difficulties getting credit cards'

  New lending laws could spell trouble for people applying for credit cards in the future, one industry expert has said. It could soon be harder to be successful in applying for a credit card when new lending laws come in on ...

  Tue 27th Apr, 2010
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  'Credit card numbers exposed' on Blippy

  Social networking site Blippy has released a number of people's credit card details into the public domain. A selection of credit card numbers have been released into the public domain by social networking site Blippy, it has ...

  Mon 26th Apr, 2010
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  Credit card transactions 'down to 42% of all deals'

  Over the past five years, the amount of people using credit cards to purchase items has decreased, figures suggest. The use of credit cards to purchase goods has decreased in the past five years, according to new figures.Data ...

  Mon 26th Apr, 2010
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  Average Aussie spends a year of life 'paying off credit card interest'

  Paying off the interest amounted on a credit card takes up a year of the average Australian's life. The average Australian spends a year of their life simply paying off the interest that amounts on their credit card, ...

  Fri 23rd Apr, 2010
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  Software designed to reduce banks 'mistakenly blocking credit cards'

  The amount of times banks block credit cards could be reduced after new software was developed. A company has designed software to reduce the amount of times banks block people's credit cards.According to ValidSoft, banks ...

  Fri 23rd Apr, 2010
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  Credit card payments are "worst bad debt"

  The "worst bad debt" someone can have is on a credit card, one writer has said. Having credit card money issues is the "worst bad debt" that a person can have, according to one writer.The Australian's ...

  Thu 22nd Apr, 2010
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  Credit card numbers 'handed over in security software scam'

  Fake security software is being paid for on credit cards, one expert says. People are willingly handing over their credit card details to pay for fake security software in a scam, according to one industry expert.Vincent ...

  Thu 22nd Apr, 2010
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  Commonwealth Bank: More credit card transactions in March

  Credit card use has "increased strongly" over the month of March, one bank has said. The number of debit and credit card transactions has "increased strongly" over the month of March.This is according to ...

  Wed 21st Apr, 2010
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  Reduce credit card debt 'to improve loan approval chances'

  To increase the chance of a home loan approval people should be trying to reduce their credit card debt, one expert has said. Australians need to reduce their credit card debt in order to improve their chances of being ...

  Wed 21st Apr, 2010
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  'Search for company's name' before handing over credit card details

  Handing over credit card details online should be done with care, one expert has said. People should do some research into a company before handing over credit card details online, according to one industry expert.Choice ...

  Tue 20th Apr, 2010
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  Stranded because of volcanic ash and relying on credit cards

  Credit cards are coming in handy for two English women stranded in Australia. Two young English women stranded in Australia because of the volcanic ash eruption in Iceland are having to rely on their credit cards to get ...

  Tue 20th Apr, 2010
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  Bad credit card practices our own doing, expert says

  It is our own fault that there are bad credit card practices, one expert has said. Credit card practices which are designed to "slug us" are our own fault, according to one industry expert.Nicole Pedersen-McKinnon, ...

  Mon 19th Apr, 2010
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  Man caught with credit card skimming devices at airport

  All the tools needed to skim cards were found in the possession of a man at Brisbane airport. A man was arrested at Brisbane airport earlier this week after he was found to have all the ingredients needed to skim credit ...

  Mon 19th Apr, 2010
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  On-the-spot Aussie credit transactions available on mobile phone

  People can pay transactions on-the-spot thanks to new application from ANZ. The ANZ bank has designed an application for the Apple iPhone to allow people to pay Aussie credit and debit transactions on-the-spot for something ...

  Fri 16th Apr, 2010
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  BOQ profits 'could please credit card holders'

  A cash net profit after tax of $97.2 million has been achieved by the Bank of Queensland. People with Bank of Queensland (BOQ) credit cards may be pleased to note the organisation has announced a cash net profit after tax of ...

  Thu 15th Apr, 2010
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  Bank accounts could be drained as 'card skimming may get worse'

  The issue of card skimming could worsen, leaving people's bank accounts drained, one industry expert has said. There is a fear that Australian's bank accounts could be drained as card skimming may be set to get worse, ...

  Tue 13th Apr, 2010
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  Credit card transactions up by 6.05%

  February has seen an increase in charge and credit card transactions by 6.05 per cent compared to January, a report states. The overall amount of charge and credit card transactions has increased by 6.05 per cent in February ...

  Mon 12th Apr, 2010