Debit cards purchases rise while credit card use declines
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Aussies appear to be more reticent to make purchases on their credit cards than they have been in the past, new data from the Reserve Bank of Australia (RBA) suggests.

Plastic was found to be an increasingly popular way of purchasing goods and services, with the number of charge and credit card accounts in the nation rising to almost 15 million.

This represents an increase of nearly 20 per cent over the last five years, with the average debt per credit card reaching $ 3,322.

Figures from the central bank showed that in the past year, there was a 20 per cent increase in debit card purchases.

In contrast, the average credit card limit grew by just 1.5…………… continues on

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Credit card rewards programs: Pros and cons
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The best rewards programs are the ones that most closely match your preexisting spending habits

Almost every day, I’ll get an email or two from a reader wanting me to evaluate a particular credit card with a rewards program associated with it.

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Trent Hamm

The Simple Dollar is a blog for those of us who need both cents and sense: people fighting debt and bad spending habits while building a financially secure future and still affording a latte or two. Our busy lives are crazy enough without having to compare five hundred mutual funds – we just want simple ways to manage our finances and save a little money.

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