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Posted by admin in Credit Card News on 03 18th, 2010 | Comments Off
American Express a flat earner for David...
Christmas may be the most important season for retailers but it did not lift the profits of the credit card partnership that retailer David Jones has with American Express. David Jones said that its financial services business earned an EBIT of $21.2 million in the half year to January 2010, compared... 
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Posted by admin in Credit Card News, Credit Card Tips, Money on 03 18th, 2010 | Comments Off
Credit cards – make the plastic wo...
Despite the dangers of the credit card trap, there are some simple rules that can help consumers make the plastic work for them. Finance commentator Paul Clitheroe said choosing the right card was key. ” Go to the free websites such as Canstar & InfoChoice  or Best Credit Card Offers where... 
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Posted by admin in Banks, Credit Card News, Money on 03 16th, 2010 | Comments Off
Slow growth outlook for credit card mark...
Credit card issuers should get used to slow growth in their businesses, according to industry participants speaking at yesterday’s Cards & Payments conference in Sydney.Speakers agreed that the days of double digit growth in card spend were not likely to return soon. Figures released by the Reserve... 
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Posted by admin in Banks, Credit Card News, Money on 03 15th, 2010 | Comments Off
RBA open on credit card fee crackdown...
*  RBA watching credit card fees * Prefers competition to regulation * Interchange fees “still too high” THE Reserve Bank says it is a “reluctant regulator” of credit cards while leaving the door open to force providers to reduce interchange fees. In a speech on Monday RBA Assistant... 
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Posted by admin in Credit Card News, Money on 03 12th, 2010 | Comments Off
Credit card transactions down by 22%...
THE total value of credit card and charge card transactions, including advances, fell by 22 per cent in January, Reserve Bank figures released today show. Australians spent $17.1 billion on their credit and charge cards, compared to $22 billion in December. While transactions typically decline... 
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Posted by admin in Credit Card News on 03 11th, 2010 | Comments Off
Credit card rates high...
Australian Banks have increased substantially the margins they make on credit cards over the last two years. While banks and other lenders have generally passed on most of the RBA?s rate cuts, and rate rises to their mortgage borrowers, they have kept most of the rate cuts and heaped on big rate rises... 
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Posted by admin in Credit Card News on 03 9th, 2010 | Comments Off
Interest free deals...
Interest free deals offered by retailers can come with some stings in the tail for the unwary consumer. At the end of the interest free period you can find yourself paying 30 per cent interest on the unpaid portion of the purchase and in some cases that interest is backdated to the original purchase... 
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Posted by admin in Banks, Credit Card News on 03 5th, 2010 | Comments Off
Banks’ $1.2bn credit card cash-in...
MILLIONS of credit card customers will be whacked with another interest rate rise amid fears the global financial crisis is being used as an excuse to rort consumers. The Commonwealth Bank and Westpac will slug card holders an extra .25 per cent from next week, in line with the Reserve Bank’s... 
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Posted by admin in Credit Card News on 03 4th, 2010 | Comments Off
Card switch – Australians turning ...
There’s no doubt Australians have had a love affair with credit — but now it seems we’re turning back to using our own money to pay our debts. Majella Corrigan reports. Credit card giant Visa publicised statistics in August last year that showed we have started to change our card habits.... 
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Posted by admin in Credit Card News, Credit Card Tips on 03 4th, 2010 | Comments Off
Credit card fee fever: how to avoid it...
Is there no end to the rash of fees your credit card charges?  You can probably put up with a ridiculously high interest rate on yourcredit card , particularly if you pay it off in full each month. And you’re aware of annual fees, reward fees, cash advance fees, over-the-limit fees and even... 
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