Banks and Money – Useful Info About Credit Cards

• Interest on credit cards is very high, around 20 per cent or more.

 

• An increasing number of businesses now charge a fee when payment is made with a credit card.

 

• The most commonly accepted credit cards in Australia are MasterCard and Visa.

 

• American Express and Diners Club are also accepted by many businesses.

 

• Most department and chain stores also offer their own credit cards.

 

• Interest rates on store cards are also very high, sometimes up to double that of Visa or MasterCard.