Credit can be either an affordable financing option or an expensive convenience and it usually depends on the kind of card chosen.
Two of the most important factors to consider are interest rates and annual fees – both features add to the cost of a card and can determine whether or not it is a cheap option. (more…)
Credit limits are one of the most important factors for credit cardholders, but it is hard to know where you stand before you actually apply. (more…)
People spend hundreds of dollars on credit card annual fees every year but very few think about why they have to deal with these charges.
Originally interest rates were the main way that banks made a business out of issuing credit cards, but the cost of credit cards has risen along with the increasing number of features. (more…)
Balance transfers offer people a more affordable way to pay off debts through low introductory rates.
But despite the savings people can make during the honeymoon period, there could be other expenses to consider. (more…)
With almost everyone having at least one credit card in their wallets it is often surprising for people to realise this kind of plastic is still relatively young.
In fact, credit cards were first introduced in Australia in 1974 by Bankcard, making this form of credit just 37 years old.
Prior to their introduction, credit cards were something only a few Australians were familiar with, specifically those who had travelled to America. (more…)
