Credit cards cut up before Christmas as consumers opt for debit

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Australia's love affair with the plastic appears to be coming to an end, with a falling number of accounts and the biggest annual decline in credit card lending in 13 years of records

Source: Loan Digest (loandigest.net)

 

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Maybe people realising what a huge ripoff the credit card interest rates are. Me. I love my credit card, but make sure it's 100pct paid off each month. Haven't paid interest for 10 years or more.

Its because of AfterPay, ZipPay, VetPay, blah blah... No credit checks and Gen Y and Millenials run on max credit!

We Have No Money

Australia’s businesses love affair with plastic, you mean! We had perfectly good reusable glass before business went plastic mad for profit sake. Their problem, their obligation to fix it!

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