Banks and credit unions are currently offering their products at really competitive rates. This is a result of government reforms combined with the slow market activity which has caused a stiff competition between financial institutions. On the other hand, now would be a good time for consumers who are unhappy with their bank’s service and [...]
Credit Card & Finance News
Everyday is guaranteed to see an announcement from one of the major Australian banks. It's important to remain up to date on the latest from the major credit card providers to ensure that you are getting the best credit card deal. Here at CreditCardFinder.com.au, our job is to deliver to you the latest credit card news from the Australian banking & finance industry and abroad.
The following articles provide a cross-section of important credit card news and announcements.
Time to Switch Banks
June 8th, 2012Are Aussie Consumers Avoiding Credit Cards?
May 1st, 2012Reports of stricter release of credit have caused some sectors to worry that it will cause further stress on households who are already cash-strapped. However, figures from credit card applications show a different result. According to the latest data from Veda Consumer Credit Demand Index, there has been a big fall in the number of [...]
Dodging Debt Collectors – A Very Bad Idea
April 30th, 2012Borrowers with arrears on their loans are often scared of getting a call or correspondence from debt collectors. Debt collectors have a reputation for being fierce and nasty which drives some borrowers to evade them particularly if the borrower is still unable to repay any amount at the time of debt collection. However, avoiding debt [...]
RBA to Regulate Merchant Charges
April 30th, 2012It has been a practice for a decade now that retail and service companies would charge their customers extra for credit card transactions. The reason behind the practice is that credit card providers charge the banks of merchants a transaction fee which the banks in return charge their merchants. Prior to this practice, merchants – [...]
Credit Card Debts Are Not Inducing Debt Stress For Aussies
April 30th, 2012The economy of Australia is relatively stable but the rising cost of living is putting a strain on the finances of the average Aussie household. In a research done by Dun & Bradstreet, 41 percent of Aussie households with children were found to be turning to credit cards to cover higher living costs which is [...]
Credit Card Offer Comparison
| Interest Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual Fee | Cash Advance Rate (p.a.) | |||
|---|---|---|---|---|---|---|
Bankwest Breeze MasterCard | A low interest rate on everyday purchases with a low balance transfer offer | 0% for 4 months (reverts to 11.99% ) | 0% for 6 months | $59 | 21.99% |   |
Citibank Clear Platinum Card | A low interest rate offer on balance transfers and purchases | 0% for 6 months (reverts to 11.99% ) | 0% for 6 months | $49 annual fee for the first year ($99 thereafter) | 21.74% | |
St.George Vertigo | An introductory offer on balance transfer and a low annual fee | 13.24% | 2.99% for 6 months | $0 annual fee for the first year ($55 thereafter) | 21.49% | |
Virgin Australia Velocity Flyer Card | Earn 1 velocity point per $1 spent, plus an introductory offer on balance transfers | 20.99% | 2.9% for 6 months | $129 | 20.99% | |
Westpac 55 Day Credit Card | No annul fee for the first year with a low rate on balance transfers and purchases | 0% for 5 months (reverts to 19.59% ) | 0.99% for 9 months with 1% handling fee | $0 annual fee for the first year ($30 thereafter) | 21.49% | |