Credit where due
It's true that Aussies are using credit cards more these days - I swipe mine more often myself now that you don't have to remember the PIN every time you use the card.
It's true that Aussies are using credit cards more these days - I swipe mine more often myself now that you don't have to remember the PIN every time you use the card.
The total value of outstanding balances is a little higher than 5 years ago, but lower when adjusted for population growth, and quite a bit lower after accounting for price inflation.
Meanwhile, more of us have gotten smarter about using interest free periods.
See my analysis featured in the number one article on SMH today (click image to view).
