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Credit Cards news

Posted in Personal Finance

Be penny-wise, pound-rich

Elizabeth Kerr is sweating over the apathy toward small change

Minimum repayment warnings for credit cards

Updated
Shake-up to consumer credit laws includes introduction of minimum repayment warnings on credit card statements

Rivals out to snatch BNZ customers

Competition among banks for airpoints credit cardholders heats up as Westpac replaces BNZ

What happened Monday

A review of things you need to know before you go home on Monday; Westpac and Heartland cut rates, Rabobank reports fatter profits, Lee Kuan Yew is dead, NZ and Korea sign big deal, swap rates and NZD rise

Your emergency is not my problem!

Elizabeth Kerr talks emergency funds, and why your credit cards and mortgages don’t count.

New credit card, borrowing regulations near

Govt's decisions on regulations prescribing cost of borrowing details and credit card minimum repayment warnings close, Minister Paul Goldsmith says

What happened Friday

A review of things you need to know before you go home on Friday; migrant surge, credit card honey pot, consumers confident, job market strong, IAG doesn't want to to fix it, wholesale rates rise

Ombudsman's balance transfer caution

Updated
Banking Ombudsman issues guidelines for borrowers transferring credit card debt between banks after growth in complaints

What happened Thursday

A review of things you need to know before you go home on Thursday; Westpac trumps BNZ; NZ economy growing strongly; lifestyle bloc sales sag; wholesale rates sharply lower; NZD back above 75 USc

Westpac targeting 100k BNZ customers

Updated
Westpac swoops on BNZ's Air NZ airpoints gig, BNZ promises new loyalty programme with more flexibility and choice

What happened Wednesday

A review of things you need to know before you go home on Wednesday; Resimac cuts home loan rates, BOP deficit grows, mortgage approvals hit 13wk high, more jobs, fewer teen mums on benefits

MasterCard joins NZBA

MasterCard becomes first affiliate member of the NZ Bankers' Association

What happened Tuesday

A review of things you need to know before you go home on Tuesday; NZSF hits a home run, inside traders get jail, RBA signals more cuts, NZD awaits GDT

What happened Monday

Updated
A review of things you need to know before you go home on Monday; service sector shines; Auckland Council borrows cheap; NZIER says growth will continue; Fonterra's big buy

NZ's biggest consumer finance business GE sold

Updated
GE Capital sells Australasian consumer finance operations to KKR, Deutsche Bank & Varde Partners for A$8.2b; Kiwibank not sure if sale will change its relationship with GE

What happened Friday

Updated
A review of things you need to know before you go home on Friday; seeking more workers, Govt bond yields rise, spot fx shines, factories humming, NZD rises

What happened Thursday

A review of things you need to know before you go home on Thursday; NBS cuts, Wheeler holds, food prices rise, split housing markets, swap rates rise, NZD rises

What happened Wednesday

Updated
A review of things you need to know before you go home on Wednesday; waiting for Wheeler, good LGFA support, tourism growth continues, regional GDP, swap rates fall

What happened Tuesday

A review of things you need to know before you go home on Tuesday; blackmail threat, 4.99% mortgage rate, big road investment, more leaky homes assistance

What happened Monday

A review of things you need to know before you go home on Monday; ICBC fill out TD offer; factory volumes rise; Little wants bigger cuts; BNZ wants a bigger share; wholesale rates jump; NZD falls