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.....
The average credit card balance is $3131.00, slightly higher than it was one year ago, according to new data from the Reserve Bank. 72 per cent of that balance is accruing interest for the cardholder because it wasn’t paid off within the interest free period.Last year, the average credit card balance was $3127 – of which 71 per cent was accruing interest. While debit card use is increasing, analysts say in dollar terms, credit cards still dominate the market.
