Posted on Tuesday, 12th July 2011 by Sarah Sullivan
The demand for credit cards has surged in the last five years, figures from the Reserve Bank of Australia (RBA) have revealed. Data from the central bank showed that during this period, borrowing on plastic rose to $49.4 billion in May 2011, a rise of 45 per cent over the last half a decade. On [...]
Tags: Credit Cards, Years
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Posted on Saturday, 9th July 2011 by Rebecca Ortiz
The majority of consumers in the U.S. believe that their personal finance situation is worsening, results from the Discover U.S. Spending Monitor revealed last week. The Discover U.S. Spending Monitor, which is a daily poll tracking economic confidence, also saw its largest month-over-month drop in consumer confidence ever, as the current index dropped to 85.1 [...]
Posted on Wednesday, 6th July 2011 by Sarah Sullivan
Nearly 40 per cent of retail spending in Australia goes to either Coles or Woolworths, recent figures have revealed. The data compiled for the Sunday Mail revealed that $94.3 billion in retail sales, some of which may have been paid for using credit cards, went to the organisations in 2010. Among the companies under the [...]
Posted on Tuesday, 5th July 2011 by Sarah Sullivan
For the first time in nearly a year, credit card companies didn’t tinker with the best 0% APR balance transfer promotions, leaving consumers with the same batch of very good offers to choose from. As has been the case for the past four months, Citibank balance transfer offers are the cream of the crop, providing [...]
Tags: Balance Transfer, Balance Transfer Promotions, Promotions, Transfer Promotions
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Posted on Tuesday, 5th July 2011 by Sarah Sullivan
Demand for consumer credit, for example credit cards and personal loans, rose by 0.4 per cent in the first quarter of 2011 compared to the same period the year before. Figures from credit information provider Veda Advantage revealed that while mortgage applications declined, a growing number of Aussies are looking for new plastic and personal [...]
Tags: Cards, Credit Cards
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Posted on Saturday, 2nd July 2011 by Sarah Sullivan
Aussies going online to compare credit cards may want to keep an eye on the rates they pay while they have their plastic as they often increase about three years after a financial crisis. This is according to banking analyst TS Lim of Southern Cross Equities, who told the Australian Associated Press that after problems [...]
Tags: Credit Card, Crisis
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Posted on Thursday, 30th June 2011 by Sarah Sullivan
Credit card interest is an easy to overlook monthly expense. It doesn’t require actively swiping a card or forking over cash like other expenses. It just shows up on credit card statements, month in and month out. Perhaps because we don’t consciously spend money on interest and we’re not required to pay credit card bills [...]
Tags: Card, Credit Card
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