Things you didn’t know about credit cards.

Although credit card interest rates are generally higher, a credit card debt can be short term and doesn’t necessarily mean interest charges - if you pay the balance you owe off in full each month.
However some of us don’t use them like that. Here are some good reasons to rethink how you use them – or whether you use them at all.
Credit card interest is costing Australians a lot of money.

Many of us are not as good at managing credit card debt as we think we are.

Reward programs are not always rewarding for all of us.

1.http://www.abs.gov.au/ausstats/abs@.nsf/Lookup/4102.0main+features402014#credit
2.https://www.finder.com.au/australians-have-racked-up-29-billion-in-christmas-credit-card-debt
3.http://www.abc.net.au/news/2015-12-16/credit-card-debt-australia/6928326
4.https://www.finder.com.au/credit-cards/credit-card-statistics
5.http://www.smh.com.au/money/borrowing/credit-card-reward-value-falls-63-per-cent-over-past-year-20170831-gy7zun.html