Credit Card News

Let's check what's new happened in Australian credit cards market during March 2011.

Most Australians have decided it is time to put money away for a rainy day.

According to consumer reports and banking industry data Australians have definitely taken to saving their money and it looks like this trend is here to stay for some time.

Let's check what's new happened in Australian credit cards market during February 2011.

Citibank just started very unique promotion with its CitiBusiness Gold Credit Card.

Today Aussie and Suncorp changed their credit card rates.

Australians with credit cards may have learnt some hard lessons about debt and are getting on top of their credit card repayments.

Latest figures released by the Reserve Bank have shown that credit card and charge card transactions, including advances have risen by 2 per cent in September.

The Daily Telegraph has obtained internal documents that have revealed that the Commonwealth Bank has increased performance targets by 10 per cent, while Australians are still trying to recover from the global financial crisis and facing a massive rise in interest rates.

The Reserve bank announced on Wednesday that credit cards could be heading the same way as cheques because shoppers are switching to debit cards.

Credit card transactions rose by 3.8 per cent in 2008-09 but use of debit cards rose by 14.7 per cent a recent report showed.

Due to the high withdrawl limits set by the local banks Romanian crime gangs are targeting Australian ATM's for credit card skimming.

Romanian police chief Elias Tudose stated that the gangs had singled out Australia because of the vulnerability of local ATM's and light sentences imposed by the courts.