What Does the Woolies Debit Card Debate Mean For You?

Have you heard recently that Woolworths/Safeway have banned the use of debit cards, whether issued by Visa or Mastercard, in their stores? Actually, Woolworths haven’t banned the use of Debit cards in their stores, but have changed the payment system so that when you pay with a debit card, you no longer hit ‘credit’ as your account, but ‘savings’ or ‘cheque’. For some people that won’t make a lick of difference, while for others it will mean extra fees. Today we check out what this debit/credit card change will mean for you! Read the rest of this entry »

4 Best Frequent Flyer Cards for Early 2010

Frequent flyer credit cards can be great value – on some cards, it only takes around $5000 spending to earn a free flight from Brisbane to Melbourne. Woo hoo! If you spend any money on airline services or products while you’re redeeming your frequent flyer miles, the rewards are very generous … and if you choose and use a ‘companion credit card’, usually a dual offering of American Express and standard credit cards, you can build up points even more quickly. Today we check out 4 of the best frequent flyer credit card deals. Read the rest of this entry »

Different types of credit card borrowing

There are a number of different types of credit card borrowing.  It often helps a credit card user to understand that they are there and how they are used.

Credit card borrowing is divided into different types of borrowing and this means that there are often different interest rates for different types of debt, and that can include spending, balance transfers and cash advances.
Spending on a credit card is simply what it sounds like, when items are purchased on credit cards then the balance is added to the credit card.  This balance is then added to the card balance.  Read the rest of this entry »

5 Ways to Protect Yourself from Credit Card Skimming

Credit card skimmers are scary stuff. They can be attached either to an ATM or to a magnetic card reader in store … and if a staff member takes your card away to swipe it, and holds the machine for you to enter your PIN, you have very little way of knowing whether your private banking details have been stolen. However, most modern credit cards have excellent fraud prevention systems – all it takes is a little know-how from the person that matters most! Here are 5 important tips to protect yourself from card skimmers.

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4 Top Lessons for Using Rewards Credit Cards

Rewards credit cards are sometimes held up as the worst examples of how credit card companies give little back to customers that pay thousands in interest. However, for consumers that take just a little time to explore how their rewards credit card works, there are quite a few bonuses to be had from these cards. Here are four tips for using a rewards card like the popular platinum Citibank credit card and getting plenty of good stuff for nothing! Read the rest of this entry »