Home / Banking / Credit Cards / Aussies still hooked on credit and debt

Aussies still hooked on credit and debt

18/07/2011

More than a third of consumers expect to use a credit card during the September quarter to purchase something they could otherwise not afford.

A fifth of consumers expect their household debt levels to rise in the September quarter and the same proportion say they will apply for a new credit product during that time, according to Dun & Bradstreet.

The survey showed consumers remained heavily reliant on credit despite fewer looking to use new lines of credit since the global financial crisis, Dun & Bradstreet's chief executive Christine Christian said.

“We are seeing the most likely demographics to use credit, particularly as a last resort, are also the least able to manage that debt.”

Source: Gold Coast Bulletin



Previous Article  Next Article


Today's Featured Credit Cards

 
 

HSBC Credit Card - 0% BT for 8 months & No Annual Fee Factsheet  >

Credit card image
  • A low introductory rate of 0% p.a. for 8 months on balance transfers. 
  • $0 annual fee for the life of the card.
  • Home and Away Privilege Program - instant discounts on shopping, travel, accommodation and more.
  • Up to 55 days interest-free on purchases (when you pay the full balance by the due date each month).
Visit Site
 
 

Citibank Ready Credit (2.9% p.a. for 24 months BTO) Factsheet  >

Credit card image
  • 2.9% p.a. for 24 months on balances transferred. 
  • Pay no annual fee, no monthly servicing fees and no cash advance fees ever.
  • Access cash anytime using your Visa Debit Card fee free at over 3,000 ATMs.
  • A low one off $69 establishment fee.
Visit Site
 

Virgin Flyer Credit Card - 1.9% BT for 12 monthsFactsheet  >

Credit card image
  • 1.9% on purchases and balances transferred for 12 months.
  • Exclusive offer - $50 annual fee for the first year*, that’s a saving of $49.
  • Earn 1 Velocity Point per $1 spent up to $1,500 per month and then 1 Velocity Point for every $2 spent.
  • Buy a seat on Virgin Australia with your new Virgin Flyer Credit Card to receive a second seat free*, up to 4 times a year, every year.
  • Terms and Conditions apply.  Visit Virgin Money's website for conditions and full details.
Visit Site
 
 
 
 
 

 

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

 



Credit Cards

Institution Title Product Title Rate (%) Apply Button
Citibank Clear Card 15.99 Details
HSBC Credit Card - 0% BT for 8 months & No Annual Fee 17.99 Details
Woolworths Everyday Money Credit Card - 0% p.a. on purchases for 9 months 19.84 Details
Coles MasterCard 19.99 Details
David Jones American Express Card 20.74 Details
BP-Citibank MasterCard 20.89 Details
Citibank Rewards Credit Card - Classic 20.99 Details
Institution Title Product Title Rate (%) Apply Button