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Credit card reward value falls 63 per cent over past year

Keen traveller Luca De Lorenzo thinks it's bad enough that the rewards points he earns from his credit card for his frequent-flyer program were slashed by 33 per cent in July.

"I was getting 1.5 frequent-flyer rewards points for each dollar of spend on the credit card and am now getting one point," De Lorenzo says.

Luca De Lorenzo is annoyed by the loss of value of credit card points...

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Australia wakes up to $30b credit card hangover - smh.com.au

Australia wakes up to $30b credit card hangover

By Caitlin Fitzsimmons

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Jessica Wright is considering shifting her credit card debt to a balance transfer card with zero interest after a blowout over Christmas plunged the family finances into the red.

The Brisbane-based woman is facing a predicament shared by many Australians - the nation collectively spent...

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NAB slashes rewards points in major credit card shake-up

NAB has taken the knife once again to the value of its reward points on its credit cards. The bank will soon no longer offer American Express companion cards and, from February 21, 2018, NAB American Express Cards can no longer be used with customers told to "cut up" the cards.

There will also be a major shake-up of NAB rewards credit cards effective from November 13, which will lead to the value...

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'Zero balance' credit card deals under ASIC microscope

'Zero balance' credit card deals under ASIC microscope

By Clancy Yeates

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Credit card promotions touting "zero interest" on balance transfers will go under the microscope as part of a review by the corporate regulator into the $50 billion market.

The probe will assess whether banks are deliberately targeting interest-free promotions at customers who are likely...

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ANZ dumps Amex as credit card fees are crunched - SMH.com.au

ANZ dumps Amex as credit card fees are crunched

By Cara Waters

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Bill Makris didn't want to add a fee for customers paying with credit cards but the owner of Tank Fish & Chippery felt he had no choice.

"We work really long hours for small profits," he says. "Especially in the hospitality industry it's long hours, seven days a week, you look at the bottom line...

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Credit card fraud: 8 ways your details can be hijacked

Unaware of credit card fraud until the statement arrives or the bank rings? Here are eight ways tech-savvy criminals can get your details from shops, ATMs and other systems.

Card issuers like Visa and MasterCard often know if merchants have suffered a breach before even the banks or the merchant itself, but they rarely reveal their names to the banks. Rather, in response to a breach, card issuers...

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Credit card minimum repayments the hidden danger in your ...

Beware the minimum payment as you contemplate that post-Christmas credit card balance.

Economists have found the minimum payments that appear on monthly credit card statements act as an "anchor" causing many consumers to pay off less debt than they otherwise would - and should.

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A study by American researchers Benjamin Keys and Jialan Wang shows that almost a third of card borrowers in...

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Qantas frequent flyer points on offer for staying active

Qantas frequent flyer points on offer for staying active

By Jamie Freed

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Qantas has unveiled plans to target 2 to 3 per cent of the $19 billion Australian private health insurance market by introducing a new product, Qantas Assure, in partnership with health insurer nib, that will reward members with frequent flyer points for being more active.

Qantas has...

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