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..

Let’s say you’ve had a credit card for a few years. But the deal you signed on for then just isn’t working for you now. You found a better credit card offer that your current credit card company couldn’t match, so you decided that it’s time to leave. How exactly do you do that? How do you close a credit card account? read more..

Disaster. Absolute disaster! You’re travelling. You’re on some big trip. You’re using your primary credit card to pay for things. But then you reach for your wallet one day and — oh no! — it’s not there. Maybe you left it somewhere and forgot about it. Perhaps it was stolen. You don’t know. You (almost) don’t care. All that matters is that you have no other way to pay for your meals, hotel charges, and other travel expenses because your credit card is missing. read more..

For the second time in three months, the technical network associated with ANZ Bank malfunctioned nationwide, causing untold thousands of EFTPOS and credit card transactions to be conducted with pen and paper. read more..