News Archive

2008

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2005

Cash Credit Card News

Learn how to manage your credit cards during financial hardship

Friday November 7, 2008
If you want help on how to manage your credit cards during a recession, there is a great new article that might be able to help. Learn more about it here.

Credit Card Laws Under Review

Friday October 31, 2008
INTEREST charged on most credit card accounts has not been cut - and some rates have been lifted - since the Reserve Bank lowered interest rates last month.

Christmas Credit A Feast For Banks

Thursday December 20, 2007
'Tis the season to be on guard against the pitfalls of your credit card.

Credit Card Binge Breaks Record $40b Barrier

Friday July 20, 2007
AUSTRALIANS have hit the plastic like never before, leaving the combined credit card debt above $40 billion for the first time.

Record Credit Debt Tops $40m, But Cash Advances Wane

Friday July 20, 2007
AUSTRALIANS' credit card debt has climbed above $40 billion for the first time, according to Reserve Bank figures.

Credit Card Alert As Fraud Pulls $79,500

Tuesday May 22, 2007
CREDIT card holders have been warned about increased mail theft after the fleecing of a couple for almost $80,000 when a thief took their card before returning several days later to collect a letter containing its personal identification number (PIN).

Late Fees Soar On Credit Debt

Friday May 18, 2007
CASH-STRAPPED Australians paid a massive 21 per cent more in penalty fees to banks last year as they struggled to manage their booming credit card debts, new Reserve Bank figures show.

Djs Asks Banks If They Want To Run Card

Wednesday December 27, 2006
ELEVEN banks, including four global operators, are preparing to strut their stuff in a beauty parade at David Jones as they vie to help run the chain's new general purpose credit card.

Credit Card Spree Racks Up Record $16.5b Debt

Friday July 21, 2006
THE nation has indulged in a record credit card spending binge, racking up $16.5 billion on cards in a single month including more than $1 billion in cash advances.

Hundreds Face Credit Card Tax Scrutiny

Tuesday July 18, 2006
THE names of 1800 possible tax cheats have been handed to Australian authorities as part of a global campaign to stop people using overseas credit cards to pay for extravagant, tax-free lifestyles.

Talks To Tackle Credit Fees At The Pump

Monday June 12, 2006
MOTORING and service station groups say they will meet urgently with oil and credit card companies about service stations charging customers extra for using a credit card to buy petrol.

Wollongong Chosen For New 'contactless' Credit Card Trial

Thursday April 27, 2006
THE Commonwealth Bank has chosen Wollongong as one of three sites in Australia for a six-month trial of a new credit card called MasterCard PayPass.

Surcharge Likely For Credit Card Users

Wednesday March 22, 2006
CONSUMERS may be forced to pay more for electronic transactions, with a report revealing a dramatic jump in the number of businesses planning to impose a surcharge on credit-card payments in the next six months.

Consumers Paying Off Credit Cards After The Christmas Debt Binge

Friday March 17, 2006
AUSTRALIANS have been on a post-Christmas debt reduction drive, slashing more than $700 million from the collective credit card bill.

Credit Card Spending Wanes

Friday March 17, 2006
AUSTRALIANS have been on a post-Christmas debt reduction drive, slashing more than $700 million from the nation's collective credit card bill.

Rba Under Fire Over Card-fee Cuts

Wednesday March 15, 2006
THE Reserve Bank's intervention to cut credit card interchange fees is under heavy fire, as statistics show growth in credit card transactions has slumped to a quarter of its former rate, while debit cards have increased market share.

Shop Till You Drop For The Right Low-rate Card For You

Saturday February 4, 2006
MAJOR banks are being given a run for their money, with credit unions and smaller banks shaking up the credit card market by launching some of the most affordable cards on offer.

Credit May Push You To The Limit

Thursday December 22, 2005
Bank credit card practices may "save you embarrassment" but could cost you dearly. Pay them off quickly.

Cash And Carry

Saturday December 3, 2005
Should you take traveller's cheques or a credit card on your big trip? Louise Southerden does the sums.

Credit Where Credit's Due

Tuesday November 22, 2005
BY voluntarily adopting a code of responsible conduct for credit card lending, the ANZ Bank is really only doing what all the banks should have done long ago. And the chances are that sooner or later governments would have been forced to impose responsible behaviour by law on the issuers of credit cards.