credit cards

Rewards Credit Cards Can Be Useful

Post by Sharat on January 7, 2018 · Under credit cards · Comment 

It’s no secret that many credit cards come with a number of perks that make them incredibly useful. Whilst most Australians do own credit cards, many are simply unaware that their cards could actually save them a ton of cash, or they could give them privileged access to a variety of events and offers. If you do have a credit card, you should bear in mind that whilst all the rewards provided can be very useful, you should still compare them to the general value of the card by measuring them against the annual fee and interest rate. Continue reading

Five Credit Card Mistakes To Avoid Over The Holidays

Post by Sharat on December 7, 2017 · Under credit cards · Comments Off on Five Credit Card Mistakes To Avoid Over The Holidays 

Its officially Christmas season already with the holiday less than a month away. For Australians this means using their credit cards to help pay for the costs of the holiday season. Irrespective of whether you intend to use your credit card to purchase gifts, enjoy a night out on the town or buy tickets for an amazing New Year’s Eve party you should be smart about using your card. Here are the biggest mistakes people make using their credit cards at this time of year and the best ways to avoid them whilst still having fun. Continue reading

Westpac And NAB Increase Credit Card Late Payment Fees

Post by Sharat on November 28, 2017 · Under credit cards · Comments Off on Westpac And NAB Increase Credit Card Late Payment Fees 

According to a recent review conducted by Banking Day, Australians who hold credit cards issued by Westpac or NAB may have noticed there has been a bump in late payment fees over the last year. The review found that late payment fees levied by NAB and Westpac on holders of their credit cards are now 65% higher than fees levied on most low rate and loyalty cards. Both lenders have increased their late payment fees from $9 to $15. Continue reading

Westpac Bins American Express Companion Card Program

Post by Sharat on November 14, 2017 · Under credit cards · Comments Off on Westpac Bins American Express Companion Card Program 

Westpac has announced that it will no longer offer American Express companion credit cards becoming the third major lender to do so. Westpac said the decision was the result of changes made to regulations by the central bank. The lender also recently said it had undertaken a review of its rewards cards and had made some minor changes to points earn rates and caps placed on some cards.  Continue reading

CBA To Launch Low Interest Credit Card

Post by Sharat on October 21, 2017 · Under credit cards · Comments Off on CBA To Launch Low Interest Credit Card 

The big four lenders are increasingly competing with one another to offer low interest credit cards to consumers. In the latest round of this war, Commonwealth Bank has announced it will be launching a new credit card with a purchase rate of just 9.90 per cent. The new card will be offered to the general public starting from early next year and its interest rate is the lowest offered by the big four and puts it on par with the rate offered by Westpac Lite Card which also charges 9.90% in interest. Continue reading