Archive for September, 2010

Sep 2010 29

Credit Card Debt, A Nightmare for Many Victorians

Economists say that Australians are showing positive signs of being more financially responsible with their spending and purchases. There are statistics that seem to support this claim. However,...

Sep 2010 29

Credit and Charge Card Transactions Holiday Trends

Last year 2009, Australians have amassed a record $22 billion of both credit and charge cards transactions well into the holidays. However, many economists believe that people are...

Sep 2010 29

Debit Cards with the Accessibility of Credit Cards

The recent data collected by Reserve Bank shows that Australians are using card transactions with only 41% through credit cards. This comes as a surprise especially when every...

Sep 2010 25

Scammers Are Getting Active in Social Networking Sites

Even scammers and crooks are also regulars in social networking sites like Facebook. They are on the lookout for people who are posting their vacation itinerary on Facebook,...

Sep 2010 20

Government vs. Banks in Credit Card Fees Debate

Just a few weeks ago, the Federal Government proposed to ban banks and credit card providers to charge extra fees if consumers go beyond their credit card limit....

Sep 2010 13

Relying Heavily On Credit Cards Despite Increased Rates

For many credit card users, they can only wait for the time when the rising interest rates will eventually go down. Like the prices of gas and some...

Sep 2010 3

Bank Funding Problems Need Not Impact Credit Card Fees

Funding remains a problem for most banks, forcing them with no other recourse but to transfer the burden of the rising costs on their customers. This is most...