Virgin intends to roll out two new credit cards for customers this July.  It is hoped that these cards will carry with them links to the budget airline, Virgin Blue, by offering reward points for passengers. read more..

If you’re currently comparing different credit card types to figure out which is the best for you, you need to look at the benefits of each. So today we’ll talk about some of the benefits of low interest rate credit cards to help you determine if they’re an option you’re interested in pursuing further.

Here are some of the main benefits of low interest credit cards: read more..

Despite the Reserve Bank’s protestations of steady monetary policy while they assess inflation rates, most Australian households expect interest rates to rise even higher within the next twelve months.

The corresponding sub-index of the Westpac-Melbourne Institute consumer sentiment survey for June showed that roughly 90% of all Australians surveyed expect higher interest rates prior to June 2011. Only 7% forecast steady rates over the twelve months, and 3% forecast rates to fall. read more..

What do you dislike most about your credit cards? If you’re the type of consumer who likes to finance purchases over time, your answer might very well be “the interest rate.” The higher your interest rate is, the more money you’ll pay to the credit card company in addition to the amount you “borrowed” by paying for purchases with your card. Therefore, if you like to finance purchases your best bet would be to find a low interest rate credit card. read more..

Balances owed on credit cards surpassed mortgages as the main form of household debt in the June quarter, according to an indicator of household financial conditions released by the Melbourne Institute.

Although the percentage of households putting money aside into savings improved, the MI household financial conditions index climbed 17% to a reading of 33.7 points in the June quarter, from 28.8 points in the March quarter. read more..