Did you know that Australians could save $3,000 in interest by switching to a more competitive credit card? Or that the average credit card debt is $3,114?

The Credit Savvy team have created the following infographic to get you familiar with the credit landscape of Australia.

Australia Credit State of Play 2016

As our Managing Director, Dirk says, “We encourage Australians to see if they’re getting the best deal possible. When you consider that there can be a difference of up to 12% p.a. in interest rates between different credit cards, it pays to do your homework on what’s out there.”

This doesn’t just apply to credit cards – there are plenty of competitive deals out there on home loans and personal loans as well. In fact, if you’ve got a great credit history, there are personal loans you can find on the Credit Savvy marketplace that could reward you with a better interest rate.

 



We act as a credit intermediary and do not provide personal financial, legal or tax advice, or credit assistance of any form. Any content featured on the site is of a general and informative nature only and does not take into account your personal objectives, financial situation or needs. You should consider your needs, along with the product’s terms and conditions before making a decision. We do not accept any liability in respect of any product or service which you elect to acquire from any provider.

Check your Experian credit score right now at Credit Savvy. It’s free, secure and could help you take control of your credit reputation!

Author

Leave a Reply