Credit card debt drops by $149 million as Australians start the year prudently

Australians have started 2021 paying $149 million off their credit card debt in January and taking the scissors to their cards.

Australia’s lowest 2-year fixed rate now comes with $3K+ cashback

Home loan cashback deals are heating up again, with international bank, HSBC, today offering a $3,288 cashback to refinancers on its fixed and variable rate loans.

December spending spree kicks credit card debt back above $20 billion

Credit card debt accruing interest has risen for the second month in a row, now back above $20 billion dollars.

Click Frenzy: $58 billion spent on credit and debit cards in November

Australians went on a spending spree the month before Christmas, making purchases worth $58.31 billion according to the latest credit and debit card statistics released by the RBA today.

Think twice before overspending at the Boxing Day sales

Consumer advocate RateCity.com.au is warning Australians to keep track of their spending in the post-Christmas sales, with the national total expected to hit $19.5 billion, according to the Australian Retailers Association.

50 lenders offering home loans for less than $50 a day

There are 50 lenders now offering a total of 126 home loan under 2 per cent. That’s 40 per cent of the 124 lenders on the RateCity.com.au database with at least one home loan rate starting with a ‘1’.

31 lenders offering home loan rates under 2 per cent

A record 31 lenders are offering, or set to offer, at least one mortgage rate under 2 per cent – almost triple the number before last week’s RBA cut last week.

Banks keep cutting new customer rates - but will they pass on an RBA one?

A total of 30 lenders have cut new customer rates this month ahead of Tuesday’s RBA meeting but only for new customers or those willing to fix.

$5.5 billion credit card debt wiped out during COVID

Australians have wiped a total of $5.5 billion of debt accruing interest from their credit cards since the start of COVID-19, a drop of 20 per cent.

Australians wipe $4.2 billion off credit card debt since COVID

Australians have wiped a staggering $4.2 billion dollars off the national credit card debt accruing interest since the COVID pandemic hit.