What's happening in credit cards in August?
By Finder's money editor, Richard Whitten.
Australians are spending more on their credit cards than ever, to the tune of $420 billion in transactions over the last 12 months according to the latest figures.
The average balance for a cardholder who is getting charged interest (meaning they haven't paid the card off in full) is $1,365. That number is creeping up from its lowest point in late 2022, but it is still very low compared to where it was over a decade ago.