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I’ll bet you wouldn’t like being charged a fee each time you make a payment off your credit card. You’d think the card issuer would be happy you’re repaying the debt not slap you with a fee and justify the cost by saying it’s a payment handling fee.
Watch out, loan sharks! A national regulation being touted could wipe out dodgy lending practices in Australia.
Could it be possible that one major credit card issuer actually penalises its cardholders for paying off their balance in full each month?
With more than 14 million personal credit cards in Australia, there is mounting pressure from consumers for card providers to be more considerate of the environment.
Is there no end to the rash of fees your card charges?
As the dust settles on Christmas spending and the real amount of money owed becomes agonisingly apparent to many consumers, the repayment juggling act begins and debt repayment battle plans have to be drawn up.
An almost audible groan from your letterbox, as the postie delivers your credit card statement, confirms what you suspect but really don't want to face: you spent way too much over the festive season.
Sure, you love the thrill of the purchase and flashing your plastic as much as the next person, but that doesn't mean you're out of control. You can stop anytime you want right?
If you struggle to pay off your credit card in full each month, you need the cheapest credit card you can find.
The recent hike in interest rates by Australia’s major banks independently of the Reserve Bank has brought the topic of debt and credit into sharp focus