Australia's Dependancy on the Credit Card

Credit Card Dependancy In Australia,

A survey recently released by the Citibank Payment Evolution Report has shown Australians and Credit Cards have a deep dependancy, more so than our Asian neighbours.

The survey was conucted across various consumers in Asia Pac across seven countries.
The survey was conducted across China, Indiam Hong Kong, Indonesia, Malaysia and South Korea, of these countries Australiaa reported over 51% of us would be lost without our creditcards.

Way to go the Aussies!!!

It was reposted that 3.5 % of us use our credit cards more than 20 times per week to pay groceries, and other consumer goods as well as bill payments etc.. Over 12% use our cards 11 time+ per week.

One promising point was that we (Australians) have the least number of credit cards per person.

We did come second overall however as China lead the field of Credit Card consumerism with 70% claiming they would be lost without their creditcards. The survey found the Chinese credit card holders used their cards 5.4 times per week.

With the hiughest level of interest charged on credit cards we Australians need to begin looking for alternate methods to pay bills and buy products, this will only lead one way... increasing profits for the banks and increasing our debt.

Our Government Credit Card Abusers

Credit Card Abuse

A recent news report submitted by the Herald Sun has shown some very interesting figures on our goverment and Credit Card Abuse!

• Over 87,288 Credit Cards have been issued to the Federal Governments staff, this is a rough total of Credit Cards issued over the past 6 years.
• The Goverment officials have lost over 2,686 publicly funded ministerial credit cards.
• A reported 70 credit cards have been stolen
• The defence department has reportedly lost 90% of credit cards across the goverment
• over $73,000 dollars have been accrued in late payment charges due to late bill payments etc..
• A total of over $121,408 has been lost over the past six years
• 10 Staff have been criminally prosecuted

The people footing the bill for the missuse and irresponsible behaviour is us, the tax payer!
The strange thing is some of these cards do not even have caps or limits of purchase etc..

Amex Credit Cards to Launch In Fiji

Amex Goes Live in Fiji

Normally restricted to the upper middle class and above Credit Cards have been a scarcity in Fiji, this is up until now. It has been reported that Westpac, Colonial and ANZ bank have issued credit cards to the public.

Fees and charges


ANZ Bank $50-$95 depending on your selected card

Colonial $48-$95 (this excludes) annual fees to be paid.

Westpac’s $50-$95 for the local currency Amex cards. It also offers credit cards in the Australian currency.

The best advise to anyone shopping for A Credit Card is shop around, make sur you choose based on your needs now what sounds good.