Consistently paying off your credit card balance not only saves you from accumulating greater amounts of interest, but also has a positive effect on your credit score. We’ve explored several strategies you can employ to pay off your card.
If you’re in a situation where you need cash, but your bank account is dry, your credit card can be used to secure the funds (usually from an ATM). This transaction is known as a cash advance. While it’s ideally suited for situations where you cannot get money any other way, a cash advance can be used in normal situations.
Also called ‘cash loans’, cash advances can be obtained from a lending institution. We explain how they work and list some necessary precautions.
With Australians owing billions of dollars on credit cards, the Government proposed a round of credit card reforms in 2016 aimed at reducing confusion around credit card products. In addition, the Reserve Bank of Australia has banned fixed-rate credit card surcharges for major businesses.
Banks and financial institutions historically send their high-income account holders exclusive offers. If accepted, these offers entail a host of rewards and benefits commonly reserved for the business elite and the royalty.
When choosing the right credit card for your lifestyle and budget, it is crucial to ensure you track down a suitable product. Here at comparethemarket.com.au, we can help you make the right choice by comparing from a range of trusted credit card lenders.