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Credit Card News Archive

Woolworths plots growth

Woolworths, the retail giant responsible for the Everyday Money credit card, has revealed details of its growth plans.

Article Added 29/09/2008
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Credit card interest rates 'remain constant'

A newly published survey of credit cards on the Australian market has highlighted that interest rates have held firm on the majority of offers.

Article Added 22/09/2008
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Credit card spending 'cools down'

Plastic credit cards in Australia have no danger of melting through over use as consumers begin to tighten their belts, new figures have shown.

Article Added 18/09/2008
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Protect yourself from credit card fraud

Almost half a million Australians were the victim of identity theft last year and there are a number of ways to protect yourself, your identity and your hard-earned cash, it has emerged.

Article Added 18/09/2008
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Nervous Australians could change their attitudes toward debt: RBA

The challenging economic environment could lead to Australians are not splashing their cash and building up a nest egg, according to Reserve Bank of Australia (RBA) governor Glenn Stevens.

Article Added 17/09/2008
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Country's 'first business-to-business credit card' launched

Octet has released Australia's first business-to-business credit card, it has been claimed.

Article Added 17/09/2008
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Banks 'punishing low-income earners'

Penalty fees issued by banks are targeting the country's poorest-paid families, according to an inquiry.

Article Added 16/09/2008
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Westpac credit card rates 'still under review'

Westpac has dropped its fixed mortgage interest rates for both new and existing customers but said its interest rates for credit cards are still under review, it has been reported.

Article Added 15/09/2008
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Australians prefer discounts to rewards, research shows

A new survey has found that cash-strapped consumers are leaning toward credit cards that offer no annual fees or discounts on goods, it has emerged.

Article Added 11/09/2008
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GE Money hikes credit card fees by 30%: Inside Retail

The monthly account service fee of GE Money's credit cards have been increased by almost a third, it has emerged.

Article Added 09/09/2008
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RBA to 'order banks to pass on rate cut'

The Reserve Bank of Australia (RBA) is set to demand that the nation's big banks pass down the rate cut when it comes to credit cards, according to reports.

Article Added 08/09/2008
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Banks 'cash in on interest rate cuts'

Australia's major banks are making around $225,000 a day by refusing to lower interest rates on credit cards, despite the Reserve Bank of Australia (RBA) slashing their rates to just seven per cen, according to reports.

Article Added 05/09/2008
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Wizard Home Loans accused of credit card 'magic tricks'

Mortgage lender Wizard Home Loans has upped interest rates on its main credit card by 2.75 per cent, according to reports.

Article Added 03/09/2008
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Spend frequent flyer points wisely

Many travellers are failing to spend the points they earn on their credit cards in the most effective way.

Article Added 02/09/2008
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Now you can 'turn your mobile phone into a credit card'

Consumers and merchants are trialling a new payment system that will allow them to pay for goods using their mobile phone, it has been reported.

Article Added 28/08/2008
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New wave of credit cards set to be launched

The credit card market in Australia is set to be shaken up as a range of new cards are launched while old ones are given a makeover, the Australian Financial Review has reported.

Article Added 26/08/2008
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Debt weighs heavy on family ties

Credit card debts, personal loan repayments and the rising cost of commodities are all increasing the fiduciary pressure on the nation's families, counsellors have claimed.

Article Added 26/08/2008
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Generation Y: Generation why not spend more?

Almost one-third of Generation Y have actually increased their spending despite the claustrophobic economic environment they find themselves in, a survey found.

Article Added 19/08/2008
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Australians owe a record $44bn on credit cards, RBA says

Statistics show that consumers currently owe a total of $44 billion on credit cards.

Article Added 18/08/2008
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Banks 'psychologically manipulate' consumers

Consumers in Australia are being lured into upping the limits on their credit cards by banks and lenders that use a range of psychological tactics, a report has found.

Article Added 18/08/2008
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Woolworths announces MasterCard launch date

Retailer Woolworths has announced that its Woolworths Everyday Money Credit Card will be launched on August 26th, the Sheet has reported.

Article Added 15/08/2008
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Save the environment while you shop

Environmentally friendly consumers can help reduce their carbon footprint when they are out looking for new shoes with the GE Money eco MasterCard.

Article Added 12/08/2008
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Government launches grocery comparison site

The Labor government has launched a new website that allows consumers to track and compare the prices of staple groceries in different regions of the country.

Article Added 07/08/2008
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Surviving a personal credit crunch

With household budgets being squeezed by rising credit card debt, increased home loan rates and higher living costs, many Australians are facing their own personal credit crunch.

Article Added 06/08/2008
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Downturn 'prompts call for rates cut'

The latest economic figures from the Australian Bureau of Statistics (ABS) have prompted a number of analysts and experts to predict the Reserve Bank of Australia will have to start cutting interest rates in order to fend off a recession.

Article Added 01/08/2008
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Using a credit card abroad

Increasing numbers of Australians are using credit cards as a convenient way of accessing their cash while travelling overseas but there are a number of issues they should consider before setting off, it has been claimed.

Article Added 01/08/2008
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Investigation into collapsed eBay seller 'could take months'

It could be "months" before police decide whether or not to pursue fraud charges against the directors of one of Australia's biggest eBay sellers after the firm collapsed without delivering "hundreds of thousands of dollars" worth of goods, it has been reported.

Article Added 31/07/2008
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No magic wand to cut high food prices, ACCC warns

Consumer group the Australian Competition and Consumer Commission (ACCC) has said there is no "magic wand" that can ease the pressure on bank accounts caused by the country's high grocery prices, according to reports.

Article Added 31/07/2008
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Consumer credit slowdown "faster than expected"

The growth in consumer credit is declining at a "faster than expected" pace as the corporate credit crunch spreads to personal finances, a new report has claimed.

Article Added 24/07/2008
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Protecting your money from fraudsters

According to new figures from the Australian Bureau of Statistics, over 800,000 Australians have been the victim of a financial or identity theft scam in the last year - and the fraudsters are becoming more sophisticated. So how can you protect your money?

Article Added 23/07/2008
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Consumers buy into .99 pricing, says study

Stores and restaurants have sworn by it for years but new research indicates that Australian consumers are indeed more likely to buy a product if its price ends in a nine rather than a "rounded up" zero, according to reports.

Article Added 23/07/2008
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How "average" are you?

Economic analysts say based on financial statistics, the "average" Australian faces home loan stress, rising debt and dwindling pensions savings.

Article Added 22/07/2008
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ANZ and Visa 'launch first reloadable contactless card'

ANZ Bank and credit card provider Visa have launched Australia's first "reloadable" contactless payment card, the companies have announced.

Article Added 21/07/2008
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Credit checking plans could see closer scrutiny of finances

Banks could receive "far greater powers" to probe Australians' personal finances under proposals that would allow wider access to consumers' mortgage, credit card and loan repayment histories, it has been reported.

Article Added 21/07/2008
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Growth in credit card debt 'hits 14-year low'

High interest rates appear to be deterring Australian consumers from flexing the plastic unnecessarily after new Reserve Bank figures show the growth in credit card debt has slowed to its lowest level since 1994, according to reports.

Article Added 18/07/2008
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Australians' private wealth 'hits record high'

Despite the domestic economy going through some turbulent times, new figures indicate that Australians' private stashes of cash and assets have never been healthier.

Article Added 17/07/2008
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Tips for better budgeting

According to news reports, many Australians' household budgets are being squeezed by rising fuel, food and energy prices and personal debt.

Article Added 17/07/2008
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Beware "financial blunders" when managing debt, consumers warned

Australian households are second only to their British counterparts when it comes to having high levels of personal debt - and not having the right strategy to manage the problem can lead to "financial blunders" that only make the problem worse, it has been claimed.

Article Added 16/07/2008
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Australians 'prefer cards to cash'

Australian consumers are abandoning hard cash in favour of the convenience and improved security of "contactless payments" using debit and credit cards, a new survey has found.

Article Added 14/07/2008
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Australian families 'paying the bills with credit cards'

The tightening economy is forcing many Australian families to use credit cards in order to make ends meet, a new report has found.

Article Added 11/07/2008
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Card security not pinned down

Keeping your four-digit personal identification number (pin) safe is one of the basics of good personal finance - but according to reports, it still may not keep your bank account safe from the bad guys.

Article Added 07/07/2008
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Beware the fees jungle

When it comes to choosing personal finance products, it can often pay in the long-run to compare the different aspects of loans, credit cards and mortgages to get the right deal for you.

Article Added 03/07/2008
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Household wealth of Australians 'up 50%'

The average net wealth of Australian households increased by around a half between 2002 and 2006, a new report has found.

Article Added 02/07/2008
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Report: Credit card and bank fraud numbers top 380,000

Credit card and bank fraud figures in Australia numbered above 380,000 during the second half of 2007, making them the most popular ID scams in the country.

Article Added 01/07/2008
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Government advised to control credit

The Australian Bankers Association (ABA) has warned that the government needs to control consumer's access to credit if it wants to tighten up controls in the financial industry.

Article Added 30/06/2008
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NAB-HBOS bid rumours continue

Rumours that the largest bank in Australia is preparing to make a bid for Halifax Bank of Scotland's business in the country have stepped up a gear after insider information regarding the affair has come to light.

Article Added 27/06/2008
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Court could beckon for eBay case

Internet auction site eBay could be set for a court date with the competition regulator over the website's limitation of payment methods for Australian consumers, according to reports.

Article Added 25/06/2008
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Top tax tips

Tax time is upon us, which means many Australians are grappling with what does and does not count as a legitimate work-related claim.

Article Added 25/06/2008
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Australian firm 'helping Visa develop next generation of credit cards'

Credit card provider Visa is reportedly working in partnership with an Australian technology firm to develop a new line of credit cards armed with microprocessors that will give each transaction a unique identification number.

Article Added 23/06/2008
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Australians 'reign in credit card balances'

The average amount Australian consumers owe on their credit cards grew by the slowest rate since records began in April as many people reigned in spending in the face of higher interest rates and economic turbulence, reports say.

Article Added 19/06/2008
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Australia credit cards 'double in a decade'

The number of credit cards issued to Australian consumers doubled in the ten years to 2007, a new study has found.

Article Added 18/06/2008
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Row over minister's 'savings tips' for shoppers

Australia's treasurer Wayne Swan has advised grocery shoppers looking to save some dollars for their bank account or credit card to hunt for bargains, compare prices and buy in bulk, according to reports.

Article Added 18/06/2008
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There may be trouble ahead, says "Lipstick Index"

The so-called Lipstick Index, the historic trend that shows sales of "comfort goods" such as lipstick and champagne spike in times of economic trouble, appears to be holding true as the credit crunch bites and Australians prepare to face the music - and dance.

Article Added 16/06/2008
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Are you a scuppie?

They care about the environment and the human cost of capitalism, but they still use their bank account or credit card to treat themselves to the latest consumer goods - as long as they don't hurt mother earth, that is.

Article Added 16/06/2008
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Service offers designer fashions without designer prices

Australian women looking to get their hands on the latest designer gear without sending their credit card or bank account into meltdown can now rent those all-important "must haves".

Article Added 13/06/2008
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Protecting against credit card fraud 'more important than ever'

With the growth on online shopping giving Australians the opportunity to buy almost anything from anywhere in the world, it has never been more important for consumers to protect themselves against credit card fraud, according to reports.

Article Added 11/06/2008
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Protecting your credit card from online fraudsters

According to the Federal Police figures, Australians are carrying 12 million credit cards around in their wallets and collectively they make around 100,000 card transactions a day.

Article Added 10/06/2008
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"Smart shopping" can save dollars

As many Australian consumers feel the pinch of the global economic slowdown, a new report has offered some "smart shopping" tips that can help save "hundreds of dollars".

Article Added 09/06/2008
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Avoiding life's financial traps

From personal loans to credit cards to long-term planning, the world of finance can present many pitfalls and painful lessons for those who do not tread carefully - but a new survey of financial experts could offer Australians some handy lessons in avoiding those personal finance traps.

Article Added 09/06/2008
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Pin or pen?

New personal identification number (Pin) verification is being rolled out across Australia this week.

Article Added 06/06/2008
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Investing in a personal goldmine

Investments have taken a bit of a pounding over the last few months. Uncertainty in the stock market has halted the growth in super funds, while the property market has been pummelled by high interest rates and slowing prices.

Article Added 04/06/2008
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Reserve Bank warns over high credit card charges

Tales of Australians slugged with high credit card fees could come to an end soon after the Reserve Bank warned financial firms not to gouge customers with high charges.

Article Added 04/06/2008
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Aussies take credit cards over cheaper loans

A third of consumers across Australia make purchases of more than $3,000 on a credit card, despite more than half of the nation knowing that a personal loan may be a cheaper option, a new survey has revealed.

Article Added 03/06/2008
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Credit card fraud 'on the increase'

Credit card fraud increased throughout Australia in 2007, with more cards being targeted by criminals based overseas, new research has revealed.

Article Added 02/06/2008
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Data shows credit growth weakness

The latest data from the Australian Reserve Bank has shown that the level of credit activity is weakening across the country.

Article Added 30/05/2008
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Credit card spending slumps as crunch and rates bite

The total amount spent on credit cards during March dropped slightly, as rising interest rates and the credit crunch halted consumer spending, new statistics have revealed.

Article Added 16/05/2008
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Wealthy Sydneysiders 'feeling the pinch'

The affluent suburbs of western Sydney are the latest region to be hit by a mountain of personal debt accrued through high interest rates on home loans and large credit card bills, a charity has claimed.

Article Added 15/05/2008
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Banks 'to be challenged on unfair penalties'

Banks charging excessive penalties for minor transgressions - such as late payments on credit cards - could be forced to comply with new rules if federal government plans are approved.

Article Added 13/05/2008
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Digging out of the debt hole

Ever heard of the saying 'money is the root of all evil'? Well, for many Australians, money is the root of all stress and strains, according to a new poll.

Article Added 09/05/2008
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Families spending 'half of income on debts'

Many families across Australia are spending more than half of their yearly household income on paying debts and credit card bills, a new study has revealed.

Article Added 09/05/2008
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St George rides out crunch with credit card boom

One of Australia's largest banks has put its recent good fortunes down to the success of its credit card division.

Article Added 08/05/2008
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Surviving a taxing time

It is that time of the year again - time to do the one job you have been dreading for the last 12 months - filling in the tax form.

Article Added 08/05/2008
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Pin payments coming to Australian shops

Credit card holders across Australia will have the option of using their pin number instead of a signature to make purchases in many shops later this year.

Article Added 07/05/2008
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House price hikes 'fuelling bankruptcy rates'

Rising house prices, high interest rates and increasing credit card bills mean that more Australians than ever before could be made bankrupt during 2008, a new study has found.

Article Added 06/05/2008
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A problem shared is a problem solved by the Facebook generation

New technologies may be shrinking the world and making it a faster place but according to new research they may also be opening up financial discussions.

Article Added 01/05/2008
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Banks could increase rates 'to cover fee cuts'

Interest rates charged on credit card accounts, personal loans and mortgages may be even higher if banks are forced to cut consumer penalty fees, according to a major industry association.

Article Added 01/05/2008
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Rate rises 'will hurt those with multiple credit cards'

Consumers with multiple credit cards or large personal loans are most at risk from another interest rate rise by the Reserve Bank of Australia, an industry expert has claimed.

Article Added 24/04/2008
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Clearing the payment headaches

Online payment systems can be a bit of a nightmare. Making sure you are on a safe site, typing in the numbers correctly and making sure the site does not time out before you have done that can induce headaches.

Article Added 24/04/2008
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NAB continues roll-out of new ATMs

One of Australia's largest banks has announced it is to upgrade all its ATMs nationwide in a bid to offer more services to customers.

Article Added 23/04/2008
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Rudd outlines 2020-influenced tax plans

Prime minister Kevin Rudd has announced a major overhaul of Australia's federal taxation system as complaints about the current scheme continue.

Article Added 22/04/2008
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Avoiding the credit card debt surge

As credit card debt continues to grow, more and more people across Australia are taking notice of the terms and conditions of their cards and looking at changing credit card companies.

Article Added 18/04/2008
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Credit card debt slows as consumers tighten finances

The growth of credit card debt racked up by Australian consumers has slowed to its lowest rate in over 13 years, new data has suggested.

Article Added 18/04/2008
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Time to avoid your own credit crunch

If you are caught in your own credit crunch because you don't pay off your credit card in full each month, it's time to look at how you could do things differently.

Article Added 17/04/2008
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Living well in tough times

Many Australians are finding life tough at the moment financially. Stitching those cents to fund the next purchase can be a bit of a hassle. Recent interest rate hikes, combined with higher home loan repayments and the global credit crunch mean that a lot of people are having to cut back on additional spending.

Article Added 16/04/2008
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Firm unveils "quirky" credit card fraud buster

An Adelaide company has stated that it has come up with a "quirky" way of avoiding credit card fraudsters.

Article Added 15/04/2008
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Pokies spending 'helped by credit cards'

Australians are spending as much as 78 per cent of their disposable income on pokie machines and other forms of gambling, a new survey has found.

Article Added 14/04/2008
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Interest rate rises 'pushing credit cards to the max'

Australia's high interest rates are hurting more consumers than first thought, according to a new report.

Article Added 11/04/2008
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Credit cards 'at heart of Woolies expansion plans'

The new range of credit cards soon to be launched by Australia's largest retailer could be used to help the company grow in overseas markets, according to reports.

Article Added 10/04/2008
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Young Aussies 'turn to credit cards to cover debts'

A quarter of young Australians will be forced to use their credit cards to cover ever increasing debts in the next three months, a new study has revealed.

Article Added 09/04/2008
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How to take credit card companies on a honeymoon

A recent study found that the number of households expecting to have increased credit card debt in three months' time has increased "massively" over the past year.

Article Added 09/04/2008
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Protecting against 'credit card crims'

Australians should be doing more to protect themselves from credit card fraud and identity theft, an industry expert has claimed.

Article Added 07/04/2008
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Survey reveals young people's debt fears

New research by Newspoll has shown that young people are more in fear than ever of getting into debt.

Article Added 04/04/2008
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Westpac and Virgin Money in credit card merger

Virgin Money has agreed a merger for its Virgin Credit Card in a $39 million deal with Australian firm Westpac Banking.

Article Added 04/04/2008
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Crunch spurring consumers to switch credit card providers

A recent study found that many Australians are changing their spending habits as a result of the recent credit crunch.

Article Added 02/04/2008
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Controlled use of credit cards 'leads to happy finances'

The use of credit cards is at the heart of many Australian's debt problems, according to new research.

Article Added 02/04/2008
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Australians 'relying on credit cards too much'

A large number of Australians are now paying for stock market debts on their credit card, an ABC investigation has revealed.

Article Added 01/04/2008
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Going low with credit card interest

Many Australians find the credit card market to be something of a minefield. Deciding what card they want can be a long and sometimes confusing process.

Article Added 31/03/2008
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Customers urged over security as credit card fraud rises

The number of incidents of credit card fraud across Australia has risen sharply over the last year, new research has revealed.

Article Added 31/03/2008
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David Jones reiterates credit card desires

Retail giant David Jones has reiterated its desire to move into the credit card market, after announcing its financial results.

Article Added 28/03/2008
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Avoiding common credit card pitfalls

Credit cards can be great additions to the wallets of many Australians. However, as with just about all financial products, these plastic friends do have good and bad points. Many customers fall into common pitfalls which can force them into protracted negotiations with lenders or even debt problems.

Article Added 28/03/2008
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The benefits of switching credit cards

There are many reasons why people enter the credit card market. There are also many stories of people being unhappy with their credit cards and wanting to switch.

Article Added 28/03/2008
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An overview of the most competitive frequent flyer credit cards

Many consumers want something back from their credit card each time they use them. While there are numerous reward cards on the market, many people - especially businessmen - use their credit cards to earn air miles to travel the globe.

Article Added 25/03/2008
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Old technologies 'hitting Aussies in the pocket'

Old payment systems currently being used by some of the largest banks in Australia are costing consumers billions of dollars each year, according to a new report.

Article Added 25/03/2008
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Common pitfalls in choosing a credit card and how to avoid them

When choosing to enter the credit card market, it can be an exciting yet bewildering time. As with almost anything there are, in reality, many ups and downs with regards to credit cards and, as a result, many people fall into the same pitfalls over and over again.

Article Added 19/03/2008
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How to apply for a credit card online

Applying for a credit card online can seem like a hassle. With so many to choose from - and a sometimes bewildering array of offers - it can be complicated.

Article Added 18/03/2008
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Credit cards 'lead to identity crisis'

A new report has revealed that as many as 23 per cent of Australians have been the victims of some kind of identity fraud at least once in their lives.

Article Added 17/03/2008
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Victorians 'stock-piling credit cards'

More than 375,000 people in the state of Victoria have three of more credit cards in order to juggle their growing debt problems, new research has revealed.

Article Added 17/03/2008
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An overview of the best rewards credit cards

Many people want a little something extra when they commit to a credit card. Reward cards earn treats and special offers for the consumer, without them having to do anything additional. You get gifts in return for expenditure - sounds pretty good really.

Article Added 14/03/2008
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Consumers warned over credit card rates small print

Consumers undertaking a credit card comparison should look, read and understand the small print before they sign up for a card, according to a new report.

Article Added 13/03/2008
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Rate rises 'halting credit card popularity'

Rising interest rates are putting people off taking out credit cards, while a rush of homeowners are trying to agree mortgages before the next interest rate rise, federal government figures have suggested.

Article Added 13/03/2008
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An overview of the most competitive low interest credit cards

Comparing credit cards can be a tough decision - which is cheapest; which gives the most rewards; which has the lowest rate of interest? All these are pressing questions when looking at credit card offers.

Article Added 13/03/2008
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The rise of the competitive debit card

Debit cards are becoming increasingly popular in purses and wallets across Australia. Not quite rivalling the popularity of credit cards just yet, debit cards often offer customers greater flexibility and, for those who are short on cash, will only allow you to spend the money that you have. No interest rates and fewer headaches.

Article Added 12/03/2008
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Competitive balance transfer credit cards

For those currently unsure of which is the best credit card for them, it is important to choose what the most important feature of the card is. If it is balance transfer rates, then there are a number of credit card offers to choose from.

Article Added 12/03/2008
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Expert warns of reward card pitfalls

There is no such thing as a "free lunch" in the credit card market, with customers best off shopping around for the best deal before settling on their chosen card, an expert has claimed.

When looking for the best credit card reward schemes on the market, it is important to look at all the cards - over 200 of them - which offer incentives and then compare which is right for your personal needs, Paul Clitheroe stated.

Writing in the Sunshine Coast Daily, the chairman of the Financial Literacy Foundation and chief commentator for Money Magazine said that while some credit cards are a "bargain", others make consumers work too hard for their rewards.

Mr Clitheroe said: "Depending on the type of card, you may need to rack up anywhere between $8,000 and $36,000 in annual card spending just to be rewarded with a $100 shopping voucher. In some cases this barely covers the annual card fee."

Most credit card loyalty schemes work by giving consumers 'points' for each dollar they spend on their credit card and which can then be redeemed for travel and accommodation, gifts, electronic equipment and just about any other product or service possible.

Article Added 11/03/2008
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Faster credit card payment system 'passes tests'

Payments on credit cards could be much faster in the future after an Australian invention which speeds up payment processing passed essential tests.

Article Added 11/03/2008
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Woolies and HSBC team up for credit card launch

One of Australia's largest retailing groups has launched its own range of Woolworths credit cards after securing a deal with a major bank.

Article Added 10/03/2008
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What is Bartercard?

The credit card industry is always on the look out for a new and innovative way to get its services out to customers. First there was the platinum credit card, then the frequent flyer credit card. Now, there is the Bartercard.

Article Added 10/03/2008
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What is Visa?

As major players in the credit card market come, they rarely get any bigger than Visa. Together with its rival MasterCard, Visa has dominated the credit card sector for decades and, through major tie-ups with leading banks, nearly everyone in Australia now has one of its products.

Article Added 10/03/2008
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How to find the right credit card for you

Finding the right credit card can be a bit of a nightmare. With so many to choose from, the options are often bewildering. However, it can be much easier than you think.

Article Added 06/03/2008
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Why choose a platinum credit card?

When starting a credit card comparison, it can be hard to know where to start. The market is full, with so many credit cards to choose from it can be bamboozling.

Article Added 05/03/2008
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What is American Express (AmEx)?

When it comes to global superpowers in the financial world, there are few bigger than American Express.

Article Added 04/03/2008
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What is GE Money Australia?

Banks and financial institutions have a variety of histories. Some are former state departments; some are founded by wealthy businessmen, however very few are directly linked to the inventor of the light bulb.

Article Added 04/03/2008
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Is credit card variety the spice of life?

Credit card companies are constantly fighting for consumers, offering a range of sometimes mind-boggling offers, complete with their own added bonuses.

Article Added 03/03/2008
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Credit card reward schemes 'better than last year'

Rewards offered on credit cards by some of the major banks and financial institutions are better than a year ago, according to a new report.

Article Added 03/03/2008
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What is MasterCard?

MasterCard is now a household brand. Whether through using MasterCard credit cards or through striking television commercials, just about every Australian has heard of this truly global company.

Article Added 26/02/2008
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How to compare credit cards

Looking for a credit card can be a confusing and bewildering experience. With so many to choose from, having to compare credit cards can lead to some disastrous consequences.

Article Added 26/02/2008
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What is the NAB?

Many Australians have heard of the National Australian Bank, or NAB as it is better known as. But many do not know its global status as one of the most powerful homegrown companies to ever come out of Australia.

Article Added 25/02/2008
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Credit card debt 'reaches new high'

Australia's credit card spending hangover has reached a new high, it has emerged.

Article Added 21/02/2008
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David Jones announces new credit card partnership

The department store chain David Jones has announced details of a new credit card partnership.

Article Added 21/02/2008
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Some things in life do come for free

The free credit card industry in Australia is growing rapidly. Many of the major credit card companies are now offering customers the chance to have no annual fees but are they right for you?

A no annual fee credit card gives you an automatic saving with some of the more prestigious credit cards - such as a platinum card - charging well over $200 in annual fees.

Article Added 15/02/2008
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Sadness 'makes us spend more money'

People who are in a bad mood or sad for any reason often spend more on their credit cards when they go shopping, new research has found.

Article Added 14/02/2008
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Smart cards - the credit card for the 21st century

Last year, two of Australia's banks started replacing credit cards with magnetic strips with cards containing computer chips, known as smart cards.

Article Added 13/02/2008
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What is Westpac?

The nation's oldest financial institution, Westpac has been through some tough times recently, but still maintains its position as one of the major players in the Australian financial industry.

Article Added 11/02/2008
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Borrowers warned to 'take stock of finances'

Consumers requiring personal and home loans should take a step back and look at the bigger picture in the current financial climate, a leading industry body has claimed.

Article Added 04/02/2008
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Interest rate hike 'could be halted'

The Reserve Bank of Australia may resist temptation to increase interest rates next month as a result of the continuing global financial instability, an industry expert has suggested.

Article Added 31/01/2008
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Banks offer assistance to storm-ravaged customers

Two of Australia's largest financial institutions have offered help to thousands of homeowners hit by recent storms in Queensland.

Article Added 30/01/2008
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Higher food prices loom for Australians

Consumers across Australia may have to use their credit cards more often to pay for the weekly shop, as a new report has found that raw produce prices are likely to reach record highs during 2008.

Article Added 29/01/2008
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Over 1m 'struggle with credit card payments'

More than one million Australians only make the minimum payment on their credit card bill each month, new research has found.

Article Added 24/01/2008
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New year, new credit card?

The Christmas spending spree has left many Australians looking at their finances harder than ever before, with credit cards the source of much of the scrutiny.

Article Added 11/01/2008
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Christmas debt worries not over as wait for bills continues

Consumers are bracing themselves for their credit card bills after a record period at the stores for Australians this Christmas.

Article Added 07/01/2008
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'Serious planning required' to avoid credit card debt

Consumers should take a serious look at their financial situation before taking out a credit card to avoid debt problems in the future, a financial expert has claimed.

Article Added 07/01/2008
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Rise and rise of zero-interest credit cards

With the amount being spent being spent by Australian consumers breaking records, credit card companies have been quick to seize an opportunity to allay fears of mounting debts.

Article Added 04/01/2008
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Financial fears put aside during festive spending spree

Despite enduring a difficult year in personal finance terms, consumers in Australia confounded expectations by coming out in force over the festive period.

Article Added 03/01/2008
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Australian dollar catches up on US

The gap between the Australian and American dollars narrowed on Wednesday, it has emerged.

Article Added 02/01/2008
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Apca urges vigilance on card fraud

One of the country's leading voices in the financial sector has issued a call for businesses and individuals to exercise vigilance when conducting transactions via credit card.

Article Added 27/12/2007
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