Have you ever tried to thoroughly read your credit card’s terms and conditions? Did you find them to be confusing at all, or even downright unreadable? Sometimes terms and conditions can feel so overwhelmingly long that we don’t feel like we can make time to get through them all before applying. And sometimes they seem to be documents that only legal professionals could understand. read more..

Let’s say you want a new credit card because it offers greater spending convenience than other payment methods. You’d like to use your new credit card for just about all purchases and bill payments, paying it off in full at the end of each month (maybe getting rewards points in the process).

That’s all well and good, but what happens if your card’s credit limit isn’t high enough to cover all of your regular monthly spending? Or maybe you’re just a big spender in general or even in need of a higher credit limit for a business card rather than a personal option. read more..

While comparing credit card offers you’ve no doubt noticed that many credit cards offer free cards for additional cardholders. These are other people you authorise to make charges against your credit card account. You’re still ultimately responsible for charges if the other person doesn’t pay them though, so it’s important to be cautious about whom you grant additional cardholder status to.

Despite that risk, there are still some good reasons why you might want to consider adding an additional cardholder to your account. Let’s look at some individuals who might be worth consideration, and others you should probably avoid. read more..

Not everyone living in Australia is a citizen. Some are permanent residents who don’t yet qualify for citizenship and others are living here temporarily (such as those who relocated here for work or to live with their Australian spouse). And then there are non-permanent Australian residents as well, some here for a short period of time and some here long-term.

Even being in Australia for a year or two might require access to credit, and that’s not even to mention permanent residents who aren’t citizens. But are they all eligible for credit cards in Australia? read more..

If you’re interested in saving money on your credit cards (namely saving on credit card interest) then balance transfers are often a good option. You can move an existing balance that accrues interest at a high rate on your current credit card to a low interest card. But there’s also some risk in doing this, specifically if your current credit card where you carry a balance is a rewards card.

Let’s take a look at how balance transfers might negatively impact you if you intend to leave your current rewards credit card behind. read more..