You don’t need to be paying interest on your card

The Australian Bankers Association chief executive Steven Munchenberg said many Australians pay no interest on their credit card debts.

Munchenberg said comparison websites, like, allow consumers to shop around and compare credit card deals. If you are paying interest on your credit card debt, perhaps you can find a new credit card with a zero interest balance transfer offer.

Munchenberg said many other Australians paid their cards off in full each month.

Source: The Age