Subscribe to InfoChoice to receive

Special offers
Exclusive offers
Market data, trends and insights

Banking / Credit Cards / ASIC launches credit card debt clock

ASIC launches credit card debt clock


ASIC today announced its MoneySmart website has a new debt clock that shows the credit card debt in Australia. Check out the clock at

Credit card debt peaks in the first quarter of each year after Christmas spending. At a typical interest rate of 15 to 20% the average person is paying around $800 in interest per year, much more than that for some people.

MoneySmart’s Delia Rickard said: “There are a million things you’d rather spend $800 on than credit card interest. Start working off the interest now so you can spend that unseen money on things you really want.”

Source: ASIC

Previous Article  Next Article

Review Credit Cards Australia

Simply browse from the listings based on what type of card you want.

Low Rate Cards

Balance Transfer Offers

Introductory Rate Offers

Platinum & Gold Cards

Reward Cards

Business Cards

Browse by Brand