Aussies love their credit cards again

Australians are back to using and collecting debt on their credit cards. We have $49 billion collectively on credit cards and that figure is expected to jump to $52 billion by the end of 2014.

The national credit card debt has almost doubled in 10 years, as has the number of transactions made on cards.

The average cardholder balance is $3,147, an increase from $2,377 in 2004.

Source: Dynamic Business