Compare Credit Cards for Australia

Frequent Flyer Compared

We do not currently have any Frequent Flyer products to compare.

Frequent Flyer Credit Cards Explained

frequent flyer credit card is a loyalty program offered by a credit card issuer often in conjunction with an airline. Typically credit card holders who own a frequent flyer credit card accumulate frequent flyer miles, kilometres or points depending on the amount spent on the credit card. The frequent flyer miles accumulated can then be redeemed for free air travel, other goods or services or better benefits including business or first class upgrades, access to airport lounges or priority bookings.

When choosing a frequent flyer credit card, borrowers should take the time to determine who long the expect it will take to earn enough points or miles to receive a free ticket. They can do this by simply dividing the average amount they spend on a credit card by the standard number of points required to earn a free ticket. For example if it takes 25,000 points to earn a free ticket and the borrower expects to receive 6000 points a year for their spending on a the credit card, then it will take the card holder approximately four years and two months to earn a free airline ticket (25,000 divided by 6,000)

Latest Compare Credit Cards News from the comparedinkum Blog

Australia Passes New Credit Card Regulations

Recently the Australian parliament passed laws designed to improve consumer protection as the government seeks to mitigate against rising national credit card debt. The Federal parliament effectively banned credit card issuers and banks from making unsolicited credit limit increase offers to their customers. From January next year lenders will also be required to allow their customers to make changes to their credit limits or cancel their credit cards online. Continue reading

Australians Should Not Use Credit Cards To Buy Cryptocurrencies

Towards the end of last year, the only thing everyone could talk about was Bitcoin which is unsurprising given the fact that in 2017 the value of Bitcoin rose from US$1,000 to just shy of $20,000. This means if you were lucky enough to have bought at the start of last year and sold at the high, you would have made a 1,900% return on your investment. Since Christmas much of the air has been let out of the price of Bitcoin but cryptocurrencies remain a hot topic amongst Australians throughout the country. Continue reading

Australian Credit Card Borrowers Becoming More Financially Savvy

According to the latest data from the Australian Banking Association, there has been a reduction in Australian consumer credit card debt representing the third time this has happened in the history of the country. Despite the debt reduction, the total amount of outstanding consumer credit card debt is a staggering $52.2 billion. Tony Pearson Chief Economist for the ABA says that credit card holders are becoming more financially aware and are making sure they pay down debt and keeping their interest rate expenses low. Continue reading

Latest from Twitter