You applied for a new credit card. You’re waiting on approval, but let’s assume there’s no reason you would be rejected. Once your credit card application is approved, exactly how long do you have to wait before receiving and being able to use your new credit card?

Between applying for a credit card and actually being able to use it come a few steps:

1.    Getting approved
2.    Delivery of your new credit card
3.    Activation of your new credit card read more..

According to Skander Malcolm, the chief executive of GE Capital Australia, throughout the next decade cash may be scarce due to the steadily increasing cost of capital. Mr. Malcolm asserts that cash will still be available to all who want it; however, the price of borrowing or the interest rate charged may be much higher than before the global economic crisis, when there was an abundance of liquidity in the market. read more..

The Australian Tax Office will soon allow constituents to use credit cards to pay tax obligations owed to the government.

The decision is in response to a surge in internet and phone transactions during the first six months of the year. The government office believes more customers will pay their tax bills sooner, due to the ease and efficiency offered by credit card payments. read more..

You’ve probably noticed something while comparing credit cards. Some credit cards come in different tiers, or levels. For example you’ll have a standard or classic version of the card. Then you’ll have higher level versions like a gold card or a platinum card. Why exactly do credit card companies do this?

Why can’t a bank just issue one credit card with one set of terms? Well, some do. But today let’s talk about the ones that don’t. read more..

SUNCORP-METWAY (SUN.AX) reported great news to stake and equity holders as the company’s profits increased just over 100%. The company reported $780 million net income for fiscal year 2009 that ended June 30th, 2010, compared to $348 million from the same time last year. This is the first time net income has increased for Suncorp in the last three years. Meanwhile revenues grew 11% from $14.2 billion last year to $15.7 billion. read more..