Credit Card Compare ( http://www.creditcardcompare.com.au ) has officially launched its new credit advice Web site for Australian consumers. The Web site features credit card reviews and a blog titled “The Credit Letter” that provides credit and personal finance advice and covers important news relevant for Aussies. Credit cards offered through Credit Card Compare are sorted by type, including Low Interest, rewards, and debit cards. Cards are also sorted by issuer, such as ANZ, Aussie, Macquarie Bank or St George to name but a few.
Credit Card Compare executive David Boyd is leading the development of the web site and says, “More and more Aussie consumers have questions about credit cards and many of them are also looking for a credit card comparison site – we combine both these needs in one easy-to-use place. Credit Card Compare and our blog “The Credit Letter” is hoping to fill this niche in the Australian market”.
Credit cards have become a major part of everyday Australian spending habits. Australia’s total balance of credit and charge card debt currently sits around the $42.7 billion mark. Aussies rely quite heavily on the plastic, with a total value of over $18 billion in credit card transactions in any single month. The average credit card debt is over $3000 per Australian household. Australians use around a total of $1 billion in credit card cash advances per month.
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