Debt Management Category

12 August 2020ByCredit Cards Compare NZInCredit management, Debt management, Guides, Personal finance

What is a Balance Transfer Credit Card?

A Balance Transfer Credit Card is a credit card with a significantly lower interest rate for balance transferred from another credit card, and a separate higher rate for newly incurred debt. Essentially, a Balance transfer credit card has a separate interest rate for the balance you transfer to it and another for newly incurred debt on...

9 February 2020ByCredit Cards Compare NZInDebt management, Guides, Personal finance

What is an interest free credit card?

An interest free credit card or a zero interest credit card is a credit card that charges no interest for a fixed period, usually 6 to 12 months, after which interest is charged at the standard rate of the credit card. The name "interest free credit cards" is, therefore, a bit misleading since these cards...

19 November 2018ByCredit Cards Compare NZInCredit management, Debt management, Guides, Personal finance

1 in 3 New Zealanders willing to take on credit card debt to pay for holiday or leisure

At CreditCardsCompare.co.nz we are always trying to uncover information about the credit card industry, but our recent survey threw up some surprises even for us, so we’ve decided to publish our findings on here. One in 3 New Zealanders will take on credit card debt to pay for holiday or leisure, and another 1 out...

27 May 2018ByCredit Cards Compare NZInCredit management, Debt management, Guides, Personal finance

Low rate credit card vs. Rewards credit card

You might have noticed that credit cards with low interest rates do not tend to come with rewards whereas credit cards with reward schemes tend to have higher interest rates. This begs the question: are the reward points worth the high interest rate? Before we delve into the pros and cons of each of each...

29 March 2018ByCredit Cards Compare NZInDebt management, Guides, Personal finance

How to improve your credit score

Your credit score is important because it plays an important role in deciding if your loan or credit application gets approved and how much you get approved for. It can be frustrating when your application gets turned down, but fortunately, there are some practical and simple things you can do improve our rating as outlined...

11 March 2018ByCredit Cards Compare NZInDebt management, Guides, Personal finance

Credit Card Balance Transfer Vs. Debt Consolidation Loan

Paying off a high interest debt can be daunting, but luckily there are some options to help get you out of debt. If you are reading this article, you have probably heard of balance transfer credit cards and debt consolidation loans, and are wondering which of these two might be more suitable for you. In...

10 May 2011ByCredit Cards Compare NZInCredit management, Debt management, Guides, Personal finance

Common credit card traps and pitfalls

Credit cards are a great thing, a ready source of money in case of an emergency or to buy that new dress, plus some credit cards come with great rewards and are the payment method of choice on the internet. However, if not used properly credit cards can lead to long-term debt. It is important...

1 May 2011ByCredit Cards Compare NZInCredit management, Debt management, Guides, Travel

Guide to using your credit card overseas

We all know that it is handy to have a Credit Card with you while travelling in case you run out of money and get stranded. But using your credit card overseas is a bit different from using it in New Zealand. There are a few important things to consider before you set off on...