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.
2 Comments
  1. komata 8 months ago

    Do Australian banks offer DEBIT cards well as Credit cards?

    Thanks.

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