http://www.comparecreditcardsaustralia.com.au/blog Credit, Savings, and Finance info Fri, 03 Sep 2010 03:16:44 +0000 http://backend.userland.com/rss092 en 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 likely the direction that banks will take rather than face lower profits with bigger funding problems. The manner how the finance sector ... http://www.comparecreditcardsaustralia.com.au/blog/bank-funding-problems-need-not-impact-credit-card-fees/ More and more Australians are getting heavily into debt as a record high of $45.4 billion remains unpaid. There are fewer payments made on credit card expenses, which indicates that people spend more than they can afford. This results to an average credit card of $3139 according to the Reserve ... http://www.comparecreditcardsaustralia.com.au/blog/aussies-carrying-heavy-credit-card-debt/ Labor is set to put a stop to the automatic increasing of credit limits by banks and credit providers and compelling every company to disclose all vital information on the application forms as well as the statements.The consumer will now have the power to set the credit limit instead ... http://www.comparecreditcardsaustralia.com.au/blog/letting-consumers-set-their-credit-limits/ The use of plastics or credit cards has been the common practice when we buy our goods including groceries, clothes, and even properties. For many years now, people no longer carry cash around them and just use their credit cards to make transactions that involve the exchange of goods and ... http://www.comparecreditcardsaustralia.com.au/blog/be-wary-of-credit-card-fraud-when-paying-your-cab-fare/ The plastic rules once again. Credit cards are definitely a must-have in our lifestyle that is high in materialism and consumerism. The Reserve Bank just announced that the value of purchases using credit cards rose by 12.2 percent in a year up to March. Balances on credit card payments only ... http://www.comparecreditcardsaustralia.com.au/blog/knowing-some-credit-card-transaction-figures/ The Reserve Bank of Australia has been forced to play the “credit card regulator” due to the inexorbiatnt interchange fees that many providers charge their consumers. Nonetheless, RBA continues to challenge the card providers to reduce their fees as a competitive advantage. RBA prefers that competition instead of a direct regulation ... http://www.comparecreditcardsaustralia.com.au/blog/rbaplaying-credit-card-regulator/ Many Australians are now getting wary on incurring debt on their credit cards despite the general confidence of consumers regarding their bank transaction and fees. Economists have acquired valuable information from the Reserve Bank of Australia regarding the increased usage of credit cards with a 6.05 percent rise in February. ... http://www.comparecreditcardsaustralia.com.au/blog/australians-prefer-to-spend-their-own-money-rather-than-depend-on-credit/ We have heard over the last few days of increased interest rates on credit card fees. Now, a research has discovered that Australians are being robbed by exorbitant credit card fees and practice. The said research is part of an investigation the Australian credit cards versus the new rules being ... http://www.comparecreditcardsaustralia.com.au/blog/credit-card-fees-do-not-favor-australians/ It is common knowledge that people can’t live without their plastics. The CEO magnate and the overworked waitress share something in common, which is both rely heavily on credit cards. Banks and credit card issuers know this and could, in fact, take advantage of this. It is, therefore, a welcome ... http://www.comparecreditcardsaustralia.com.au/blog/an-inquiry-into-excessive-credit-card-surcharges/ Recession is still far from over and we need to be mindful of our expenses. It is a known fact that we cannot live without our credit card. This ever handy “plastic” has been our trusted and reliable friend for many years now, but like all friendships, this must be ... http://www.comparecreditcardsaustralia.com.au/blog/do-not-let-your-credit-cards-rule-you/