If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Despite increasing confidence about the economy, Australians are still reluctant to increase their credit card debts. The average credit card account balance increased by 1.9 per cent to $3,250 in February, 3.29 per cent higher than February 2009. "People are still more inclined to use their own money to make purchases rather than put it on credit," Commsec chief economist Craig James said.Datamonitor senior analyst Harry Senlitonga said use of Visa and Mastercard debit cards was up 30 per cent in the past 12 months, compared to 6.69 per cent for credit cards. "Debit scheme cards give consumers the best of both worlds; accessibility of a credit card and they allow the consumer to use their own money, Mr Senlitonga said.
