Credit card education
Credit cards come with some big responsibilities and it's a smart idea to wrap your head around how they work.
Budgeting and your spending habits
Get an understanding of your credit card spending habits by reviewing your bank statements or keeping a daily diary. Is your monthly spending higher than your income? What sort of saver or spender are you?
Is your credit card limit the right fit for your budget?
Right-sizing your credit limit to your budget could help you repay your credit card balance in full, every month. This could help you avoid paying interest on your credit card.
What are your spending habits?
Just like fitness and food, there are good habits and bad habits when it comes to spending. To avoid credit card debt, it may help to evaluate where you stand.
Where do you sit on the spend vs save spectrum?
A little knowledge can go a long way towards helping you take control of your budget and your credit card. These hacks could help you gain a new understanding of your spending habits.
Tips for a weekly budget pulse check
Life can throw you some unexpected curve balls that may lead to unexpected credit card debt. A weekly budget pulse check could help manage credit card debt.
Managing your credit card debt
It could be tempting to make only the minimum monthly payment shown on your statement, but this approach could end up costing you more in the long run and credit card debt could build up.
6 hacks that might help pay down credit card debt faster
Six strategies to help you pay off the balance in full each month so that you can avoid paying interest on purchases.
Beware the cash advance
What counts as a cash advance on a consumer credit card at ANZ and why might you want to avoid them?
Things to know about gambling and credit cards
There are specific guidelines about when you can use your personal ANZ credit card for gambling transactions.
Interest on your credit card
If you want to pay less interest on your credit card balance – you might want to consider trying to pay as much of it as you can each month, while always being mindful of your other financial commitments.
Reviewing how you use your personal credit card
Before you apply for a credit card, it’s a great idea to have a think about how you may be likely to use the card.
Got an interest-free period on your credit card? Use it wisely
If you make use of the interest-free period on your credit card and pay your full closing balance by the due date on your statement each month, you could avoid paying interest on your purchases.
The truth about the credit card minimum repayment
While you can choose to simply make the minimum repayment on your personal credit card each month, doing so can come at a cost.
Paying off your credit card
It might be useful to develop a regular rhythm of paying off your credit card. Consider setting a monthly due date reminder on your phone or a direct debit to pay off your closing balance in full. Get a little taste of how credit card payments work with Poh Ling Yeow.
Things to know about your credit card payment due date
It's important to remember the due date on your credit card statement. If you miss the due date, it could cost you in late payment fees or you could lose the benefit of an interest-free period.
Getting to know your personal credit card statement
Even if you only use your credit card sporadically, you should check the statement of account carefully.
The Closing Balance vs the Minimum Monthly Payment
Whether you decide to pay off the full closing balance, the minimum monthly payment or an amount in between - it's important to understand the difference and what they might mean for your bottom dollar.
Avoiding late payment fees on your credit cards
Your credit card statement will include a payment due date. This date is one to remember if you're keen to avoid late fees.
Balance transfers
Brush up on balance transfers before you make a decision about a promotional balance transfer offer. Here, we provide some information that might help you better understand how promotional balance transfer offers work.
Balance transfer basics
Promotional balance transfer offers can vary – so it’s important to check the specific details (including terms and conditions) that apply to each offer.
Make sure a balance transfer works in your favour
A promotional balance transfer offer might sound tempting, but there are some things to look out for. Here are a few strategies you could consider if a promotional balance transfer offer is on the cards.
Not sure which credit card is right for you?
Explore more about your card
For information about your ANZ credit card, select it from below to view rates and fees along with a range of tips to help you get the most from your card.