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Bank of Queensland Falls Foul of Consumers

Bank of Queensland (BoQ) has this week angered residents and MPs by closing another NSW franchise.

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The Mum With $135,000 Credit Card Debt

Meet the American mother-of-six who has over $135,000 in credit card debt and spends $400 a month (more than US$13 a day, every day) at Starbucks.

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Consumers Turn to Debit

Credit card lenders may be forced to find new ways to entice customers with data suggesting debit cards will become the most popular form of payment by the end of the year.

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Lottery Winnings Purchased on Stolen Credit Card Seized

In events reminiscent of TV show 'My Name is Earl', an American methamphetamine addict won US$1 million in a state lottery - then lost the lot because she purchased the ticket using a dead woman's credit card.

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19,000 Credit Card Numbers Exposed

An Australian IT worker has stumbled upon the details of 19,000 credit cards, held on an unsecured section of a now-defunct site.

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Cash is Still King

Australia is a cash-based economy, with credit card transactions accounting for only 10 per cent of all spending according to a RBA study released this week.

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Average Credit Card Debt Tumbles

Credit card balances have fallen for the first time since records began 14 years ago, according to central bank figures.

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Kevin Says: Shop Around For Credit Cards

Prime Minister Kevin Rudd has encouraged Australian consumers to 'shop around' for the best credit card rates.

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Financial Profiling

Using your credit card at certain stores can affect your credit rating. We find out how 'financial profiling' or 'behavioural scoring' works and whether it's legal.

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Brand Imprinting

Which bank are you with? Is it the same bank you were with as a child? We look at the effects of brand imprinting on adult consumer credit behaviours.

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Addicted to Credit

Psychologists suggest credit card spending shares similar characteristics to cocaine or heroin abuse. Are you addicted to credit?

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Credit Card Helps Fight AIDS

American Express UK and Product RED, the anti-AIDS movement headed by Bono, have teamed up to deliver the American Express Red.

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Banks: Thanks a Billion

Australian banks netted more than $1 billion in fees from customers paying late, exceeding limits and using non-bank ATMs, according to a report released by the Reserve Bank of Australia this month.

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Credit Card Repayments Up 17pc

Australians paid $19.72 billion off their credit cards in March, bringing total credit and charge card balances down one percent to $44.358 billion.

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The Environmental Impact of Credit Cards

There is mounting consumer pressure for credit cards to become more environmentally sustainable.

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Virtual Credit Cards

Introducing virtual credit cards. You get the credit card number, expiry date and three digit security code...and that's it. No physical credit card.

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Redlining

Your credit card limit may be determined by where you live or your ethnicity. Our article explains what 'redlining' is and whether it's legal.

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What Happened to Bankcard

Remember this logo? We examine the decline of Australia's first credit card and find out what went wrong.

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Pen or Pin

Our team investigates the new PIN option on credit cards: why it was introduced, why you should use it and whether you can continue to sign for your purchases.

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AMEX Pays Customers to Close Accounts

American Express has offered some of its U.S. cardholders $300 to close their accounts.

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Credit Card Debt More Than 45 Billion

The Reserve Bank last week reported the total credit card debt in Australia has grown to a record $45.4 billion - an average of $3,139 per cardholder.

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Kleenmaid: Get a Refund From Your Bank

If you've used your credit card to pay for goods you haven't received, is it possible to get a refund from your bank rather than the merchant? Kleenmaid certainly think so.

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Predatory Lenders On Notice

Under new laws, lenders who push credit cards or credit limit increases onto consumers who cannot afford them will lose their licences.

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Why Credit Card Rates Haven't Dropped

The sixth consecutive drop in interest rates begs the question: why haven't credit card rates come down?

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