In a further sign that rising prices are biting,credit card applications remain strong even as demand for other types of credit falls.
Ease of budgeting is just one of the reasons young people are deserting cash transactions.
The corporate regulator is taking legal action against American Express for the way it distributed a David Jones credit card which many customers mistook for a loyalty card.
The refusal of banks to issue credit cards to retirees is well-known and becoming a major issue as the population ages. It’s a shameful state of affairs.
If your partner was the primary holder of your credit card,make sure you have a plan in place for when they pass away.
More consumers are turning to credit cards to help them through the cost of living squeeze,with experts warning the situation will get worse before getting better.
How unfortunate that just as we are able to travel,suddenly,we can less afford to. But there is something that could save your holiday:frequent-flyer points.
New figures show we splashed out an extra $2.76 billion in spending on credit cards in May.
Credit card giant Citi says while customers are in good shape today,it will be looking out for softer discretionary spending on credit cards later this year.
Putting all your expenses through a credit card while paying your salary into a mortgage offset account can save a huge amount of mortgage interest.
It could be a sign that more people are struggling to pay off their credit cards in full by the due date,as they use their cards to pay for the surging prices of some goods.