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.....
Consumers are heeding advice to keep credit card spending and debt in check according the Commonwealth Bank. Latest data from the Reserve Bank shows that growth in credit and charge card balances and spending on credit and charge cards slowed in April. Total balances outstanding grew 1.4 per cent in April and 5.2 per cent over the last year, the lowest growth rate for 13 years. The average credit card balance was $3085 in April, up from $3056 in March. The number of transactions made using EFTPOS fell 0.5 per cent in April.
