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.
.....
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.....
Seventy one per cent of home owners struggling to repay a mortgage are also carry over unpaid credit card debts according to big mortgage insurer Genworth. On average 52 per cent of card holders carry over debt with the rest paying off their card debts on time. That is despite average mortgage interest rates falling 3.7 per cent since the RBA starting its aggressive rate cutting campaign last year, according to Infochoice.
Credit card rates have fallen only 1.2 per cent in that same period of time. There are six credit cards offering zero interest on balance transfers according to Infochoice. They are issued by ANZ, Citibank, Coles, Macquarie Bank and NAB.
