Top business credit cards in Australia

The best credit cards for business provide a good value proposition with reasonable rates and fees. The best cards for business also have features like [...]

POSTED ON January 16, 2020
Limit on credit card charges coming soon

Credit card surcharges are the fees paid by shoppers who use credit cards and were the most complained-about issue in 2014’s financial system inquiry. The [...]

POSTED ON February 18, 2015
Which is better – Cards or cash?

Consumer and finance expert Lisa Montgomery says people who need to limit their spending should pay with cash because it impacts a buyers emotions to [...]

POSTED ON February 16, 2015
More loans with lower LVRs are being approved

The Australian Prudential Regulatory Authority reports there is an ongoing trend towards a lower average home loan to valuation ratios. In the three months to [...]

POSTED ON February 16, 2015
Fewer Aussies in mortgage stress

Mortgage delinquency rates are at their lowest level since 2007 according to mortgage insurer Genworth.0.33 per cent of mortgages are delinquent. That is a total [...]

POSTED ON February 16, 2015
Use a snowball to pay your loans and debts

Financial planner Peter Horsfield uses the snowball method to help couples get on top of the credit card and loan debts.For example a couple with [...]

POSTED ON February 13, 2015
How to save $25,000 on your home loan

All major lenders passed on the Reserve Bank of Australia’s February 2015 rate cut to their borrowers. However, since 2011, the four major banks have [...]

POSTED ON February 12, 2015
What do new banking rules mean for my savings?

Under new banking rules, banks and credit unions must maintain an adequate level of liquid assets.The new rules divide retail deposits into "stable" and "less [...]

POSTED ON February 11, 2015
What is a good credit card for students?

There are plenty of good low cost credit cards in the market right now that would be good for students. For example, the Commonwealth Bank [...]

POSTED ON February 9, 2015
Savers need to act fast

Many banks and deposit taking institutions are cutting savings rates in response to the Reserve Bank of Australia’s rate cut last week.Savers who want to [...]

POSTED ON February 9, 2015
First home buyers have NOT disappeared

The Australian Bureau of Statistics says it has under-estimated the numbers of first home buyers in the market. First home buyer numbers have been very [...]

POSTED ON February 5, 2015
Which lenders have cut mortgage rates?

The Reserve bank of Australia cut official interest rates on Tuesday by 0.25 per cent to 2.25 per cent.Commonwealth Bank, Westpac, ING Direct, Bank of [...]

POSTED ON February 5, 2015
Fixed rates or variable?

Home loan customers should hold off fixing their loans because economists expect that the Reserve Bank may cut official interest rates again early in 2015. [...]

POSTED ON February 4, 2015
What will the RBA rate cut save me per month?

The Reserve Bank of Australia has surprised many economists and observers with a 0.25 per cent cut to official interest rates. The official RBA overnight [...]

POSTED ON February 4, 2015
What to look for in a term deposit

Term deposits traditionally offer a slightly higher rate than at-call savings accounts, although average term deposit rates have fallen in 2013 and 2014. Despite falling [...]

POSTED ON November 18, 2014
How does a PayWave or Tap and Go card work?

Visa and Mastercard credit and debit cards with contactless payment technology, called PayWave, PayPass or Tap and Go let shoppers pay for goods and services [...]

POSTED ON October 10, 2014
Have you lost money on a travel card?

Many pre-paid or reloadable card products like travel cards allow consumers to access pre-loaded funds at many locations where debit and credit cards are used. [...]

POSTED ON October 9, 2014
Where are interest rates headed?

Interest rates will stay low for the rest of 2014 but will begin rising in mid 2015 and keep rising steadily for three years, according [...]

POSTED ON October 8, 2014
1 in 4 Australians want an online home loan

Consumer demand for a wider range of online banking services is growing, with 24 per cent of respondents to a survey by ME Bank saying [...]

POSTED ON September 30, 2014
What are you saving for?

Almost half (48 per cent) of people saving money are saving for a house or renovations, according to ASIC’s MoneySmart website. Another 47 per cent [...]

POSTED ON September 17, 2014
Can I get a discount on my mortgage rate?

Banks and other lenders are offering big discounts on their headline standard variable rates to keep borrowers or to woo new borrowers. Borrowers are now [...]

POSTED ON September 4, 2014
How long will interest rates stay low?

Most major economists forecast that the Reserve Bank of Australia will leave official interest rates unchanged at 2.5 per cent well into 2015. RBA governor [...]

POSTED ON September 4, 2014
Help! My bank account has disappeared!

If your bank account has more than $500 in it and has been inactive for more than three years, the federal government may have grabbed [...]

POSTED ON August 29, 2014
Are you paying in $130 in card surcharges?

Australians are paying $1.6 billion annually in credit card surcharges according to Galaxy research commissioned by Mastercard. On average, Aussies are paying over $130 each [...]

POSTED ON August 29, 2014
PayWave goodbye to your cash and cards

Contactless payment methods will "all but replace" physical credit and debit cards - and cash - by 2020 for transactions under $100 according to analysts [...]

POSTED ON August 21, 2014
Aussies prepare to save more money

47 per cent of Aussie households are trying to preserve their current lifestyle with 41 per cent aiming to reduce their living costs this year [...]

POSTED ON August 18, 2014
1 in 4 mortgages are with Commonwealth Bank

Commonwealth Bank posted a $8.63 billion net profit yesterday, the biggest in Australian banking history.  CommBank chief Ian Narev said a housing price bubble was [...]

POSTED ON August 14, 2014
Chance of more rate cuts increases

Higher than expected unemployment numbers have increased the chances of more interest rate cuts. Economists have been predicting a period of steady rates from the [...]

POSTED ON August 12, 2014
All cardholders included in credit card fees court

A new class action law suit against banks who charged their credit card customers excessive late repayment fees is an ‘‘open class’’ action, meaning customers [...]

POSTED ON August 12, 2014
Aussies worry about their savings

Thirty five per cent of Australian households reported having less than $1000 in cash on hand in June, compared with 28 per cent in December, [...]

POSTED ON August 5, 2014
Amazon wallet can store gift cards only

Amazon’s first attempt at its own mobile wallet application, designed for use at the point-of-sale, has made a quiet debut on the Amazon Appstore and [...]

POSTED ON August 1, 2014
No need to panic over PIN only purchasing

There has been considerable media interest in the impending ban on signature verification for face to face credit card payments, including reports implying that as [...]

POSTED ON July 29, 2014
Borrowers like variable rate loans

The prospect of the Reserve Bank raising interest rates has been pushed out to 2015.Leading groups report that standard variable rate loans are in strong [...]

POSTED ON July 24, 2014
Coles to issue more banking products

Coles has entered into a financial services joint venture with GE Capital. The business will start in July next year, subject to regulatory approvals, offering [...]

POSTED ON July 15, 2014
80% of Aussie teens have a bank account

Aussie teenagers understand money and are among the most financially literate young people in the world according to a report from the Programme for International [...]

POSTED ON July 11, 2014
Debt agreements go up, bankruptcies go down

Loans and debts are driving fewer people into bankruptcy. Personal bankruptcies fell 25.1 per cent in the June quarter, compared with 2013 and are now [...]

POSTED ON July 10, 2014
Mortgage market is booming

The mortgage market is growing strongly according to the latest Reserve Bank financial aggregates. Mortgage balances grew by 0.5 per cent in May, compared with [...]

POSTED ON July 1, 2014
Two million Aussies love term deposits

Lower interest rates on term deposits has not led to a big flight out of term deposits to other investments. While a small number of [...]

POSTED ON June 12, 2014
Super funds love bank deposits

People with self-managed superannuation funds still prefer cash and term deposit holdings, despite low rates.The Australian Taxation Office reports that the number of people in [...]

POSTED ON June 10, 2014
A deposit guarantee can help you buy

Commonwealth Bank has a deposit guarantee service that aims to be a convenient and cost effective alternative to a cash deposit.If your money is tied [...]

POSTED ON June 6, 2014
ANZ gets customers with ATMs

ANZ is stepping up its rollout of ATMs, finding that it is a useful way to get new customers. Currently the bank has 2,000 ATMs [...]

POSTED ON February 12, 2007
Unemployment at 31 year low

The official job numbers released by the Australian Bureau of Statistics show that the unemployment level was at a 31 year low of 4.5 per [...]

POSTED ON February 9, 2007
Mortgage stress overlooked by lenders

Australian lenders are fighting to retain or boost their market share, despite evidence of mortgage stress. The major banks are predicting a rebound in mortgage [...]

POSTED ON February 8, 2007
St George struggles in weak NSW economy

Craig Williams, Citigroup analyst, says that St George Bank could miss its mortgage lending targets in first half of the 2007 financial year because of [...]

POSTED ON February 8, 2007
RBA considers housing loan stress levels

The Reserve Bank of Australia (RBA) has found that home buyers in parts of Sydney and Melbourne are struggling with increases in loan repayments after [...]

POSTED ON February 7, 2007
Phishing inhibits banks communication with customers

An online fraud survey has found that phishing scams are undermining customers confidence in electronic messages allegedly from financial institutions, which means that banks are [...]

POSTED ON February 6, 2007
RAMS reports profit surge

RAMS Home Loans has reported a 39.6 per cent surge in net profit to $29.9 million for the year to June 30 2006. RAMS is [...]

POSTED ON February 6, 2007
Bluestone expands commercial lending

Bluestone Group, the nation's biggest non-bank lender, plans to expand its mortgage operations with the launch of a commercial property lending business, targeting the small [...]

POSTED ON February 5, 2007
RBA expected to maintain rates

The Reserve Bank of Australia (RBA) is not expected to lift rates when it meets tomorrow morning, although inflationary pressures will weigh on the central [...]

POSTED ON February 5, 2007
Perth median house price hits $500,000

The property boom in Western Australia has pushed the typical price of a house in Perth up to a record high of more than $500,000. [...]

POSTED ON February 5, 2007
Banks pay staff to stay

Financial services firms in Australia are offering employees baby-related incentives, in an attempt to address the issue of work/family balance and to keep staff at [...]

POSTED ON February 2, 2007
NAB plans to lift dividends

The National Australia Bank (NAB) plans to nearly double its share buyback program to $1.5 billion. Michael Chaney, chairman, said yesterday that the bank is [...]

POSTED ON February 1, 2007
Rate rise unlikely

The chance of an interest rate rise next week is even less likely after the release of the latest figures from the Reserve Bank of [...]

POSTED ON February 1, 2007
ANZ forecasts lower interest rates

The ANZ Bank has predicted that credit growth will recover earlier than expected, while forecasting that housing lending credit will fall to 11.7 per cent, [...]

POSTED ON January 30, 2007
Westpac markets socially responsible choices

Westpac is currently running a TV advertising campaign designed to highlight the social responsibility of its lending practices. The advertisement informs viewers that since signing [...]

POSTED ON January 30, 2007
NSW recovery still a while away

An economic forecaster has predicted that New South Wales's share of the national economy will fall to 32.5 per cent by 2010 from more than [...]

POSTED ON January 30, 2007
Business outlook worries VECCI

The Victorian Employers' Chamber of Commerce and Industry (VECCI) has released its latest quarterly survey on business trends and prospects. The survey shows that businesses [...]

POSTED ON January 29, 2007
Canberra cartwheels on CPI

From rate rise to rate cut, what a difference a week and the release of the consumer price index (CPI) makes! The December CPI indicates [...]

POSTED ON January 29, 2007
Food prices predicted to continue rising

Food prices across Australia are expected to continue rising due to the drought, with analysts warning consumers that there is worse to come in the [...]

POSTED ON January 25, 2007
Stamp duty relief for WA

In Western Australia first-home buyers may get some relief from high stamp duty charges. Yesterday Eric Ripper, State Treasurer, hinted at a rise in the [...]

POSTED ON January 24, 2007
McFarlane sees no reason for rate rise

John McFarlane, ANZ Bank chief executive, believes there is no compelling case for the Reserve Bank of Australia to lift interest rates next month and [...]

POSTED ON January 24, 2007
Sydney vulnerable if rates rise

A study has warned that mortgagee sales and bankruptcies could surge in Sydney's western suburbs if interest rates increase. The report by University of Newcastle's [...]

POSTED ON January 24, 2007
Home prices drop below land tax evaluations

Homes in New South Wales are being sold for less than their official land value, with many valuations rising despite falls in the market. David [...]

POSTED ON January 24, 2007
Consumers won’t pay for net banking

The Australian Securities and Investments Commission (ASIC) is reviewing the Electronic Funds Transfer code of conduct. ASIC has revealed that banks will not pass the [...]

POSTED ON January 23, 2007
St George stung by reforms

The merchant services division at St George Bank has been stung by rising competition as a result of the Reserve Bank's payment system reforms. The [...]

POSTED ON January 23, 2007
Businesses market socially responsible programs

This year there are many businesses with corporate social responsibility programs. The drought has become a major focus for businesses, including ANZ, Woolworths and Coles. [...]

POSTED ON January 22, 2007
Housing affordability hits record low

Housing affordability reached its lowest level in the December 2006 quarter as last year's rate rises start to have an effect. The Housing Industry Association [...]

POSTED ON January 22, 2007
Rates will rise if inflation is too high

The board of the Reserve Bank of Australia (RBA) will meet in early February and may raise interest rates if it decides that inflation is [...]

POSTED ON January 22, 2007
All eyes on CPI

All eyes remain focused on the release of the consumer price index (CPI) data to be released on January 24, with many economists forecasting inflationary [...]

POSTED ON January 22, 2007
Men jailed over NSW bank scam

Four men who skimmed $1.6 million from the accounts of 600 New South Wales bank customers have received jail sentences ranging between 16 and 22 [...]

POSTED ON January 19, 2007
Call to cut land tax rate in NSW

The Property Council of New South Wales has called for the state's land tax rate to be reduced from 1.7 per cent to 1.5 per [...]

POSTED ON January 19, 2007
Inflation figures the rate rise decider

Economic analysts in Australia believe that inflation figures, due for release next week, will determine whether the Reserve Bank of Australia will raise interest rates [...]

POSTED ON January 19, 2007
Big 4 increase fixed rates

Australia's major banks have given their strongest indication that they are expecting interest rates to rise, with the big four increasing their fixed rates. The [...]

POSTED ON January 18, 2007
More loans at greater risk

Mortgage lending in Australia is more competitive than ever before, profit margins for lenders are lower, home ownership is more widespread and more Australians in [...]

POSTED ON January 17, 2007
New look for Citigroup

Citigroup may soon become "Citi" with the red umbrella logo replaced with a stylised arc above the name. The new name and look is the [...]

POSTED ON January 17, 2007
WA’s house prices could fall

Western Australia's property prices could fall by as much as 20 per cent as buyers flee the market. The turnover in the market has dropped [...]

POSTED ON January 16, 2007
Cards blamed as bankruptcies rise

The latest data from the Insolvency and Trustee Service Australia (ITSA) shows that the number of personal bankruptcies increased by 20 per cent in the [...]

POSTED ON January 15, 2007
St George lowers fixed rates

St George announced today that it will be reducing 3 and 5 year fixed rate home loans for new loan applications. Steve Blinkhorn, St George [...]

POSTED ON January 15, 2007