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New Zealand Credit Card Spending

Credit Card Spending in New Zealand decreased to 5613 NZD Million in March from 5852 NZD Million in February of 2020. Credit Card Spending in New Zealand averaged 3938.92 NZD Million from 2002 until 2020, reaching an all time high of 5861 NZD Million in November of 2019 and a record low of 2155 NZD Million in November of 2002. In New Zealand, Electronic Retail Card Spending measures the credit card spending by individuals on consumables, durables, hospitality, apparel industry, motor vehicles and fuel. The electronic card transactions series covers all debit, credit, and charge card transactions with New Zealand-based merchants. It can be used to indicate changes in consumer spending and economic activity. This page provides - New Zealand Credit Card Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Mid-life financial MOT, credit card debts and Britain's growing tax gap

Do you find yourself stumped by questions about how much to put towards your mortgage payment versus your investments? It may be time for a midlife financial MOT. Presenter James Pickford talks to FT reporter Lucy Warwick-Ching about why advisers are targeting people in their forties and fifties. Next, we speak to a woman who cleared credit card debt to the tune of £16,000. And finally, we discuss what's behind Britain's growing tax gap. 

 

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Santander 123 cashback credit card

Cardholders will receive 3 per cent cashback on fuel




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Marco Rubio on the rack over secrets of party credit card he used for family trip

Marco Rubio effectively swatted down questions about his personal finances during last week's presidential debate. His bookkeeping is now the subject of a new review, though.




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Donald Trump hammers Marco Rubio's credit card 'disaster' in New Hampshire

The Donald was in Concord, NH to formally file his candidacy papers for February's New Hampshire primary, and fought through hundreds of supporters to get to the statehouse.




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Westpac suspends credit card interest payments for three months for COVID-19 hit customers

Australia's second largest bank is providing relief to individuals who have either lost their jobs or had their hours cut as a result of the COVID-19 shutdowns.




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Australia's panic buying may be ending, Commonwealth Bank credit card data shows

The Commonwealth Bank, Australia's biggest bank, has released new credit card data showing spending on food and alcohol had dived for several weeks in a row.




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Should I cancel my high-interest credit cards I no longer use?

Whether you've got a bad credit history or no credit history to speak of at all, you might find you are forced into applying for credit cards with higher interest rates.




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ASK TONY: Foster child stole our credit cards now we're paying the price

My wife and I have been foster carers for more than 11 years. In 2017 we fostered a teenage girl for three months. In July I discovered she had stolen two credit cards - Barclaycard and Creation.




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Should I put my parent's address on a credit card application when I'm a student?

I've lived at multiple addresses over the past few years, but consider my parents' home my 'permanent address', even though I'm at university for six months of the year now. What should I enter?




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What are the best bank and credit cards for me to use abroad?

Jetting off for your summer holiday? Leaving your travel money to the last minute could cost you, so why not choose a no fee credit or debit card instead that offers you a better rate.




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Could buy now pay later and Klarna kill the credit card?

Buy now, pay later has become the way for the younger generation to pay. Is it a dangerous form of credit or a useful way for shoppers to pay flexibly?




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Why you should consider a cashback credit card if you want to boost your Christmas spending

American Express cardholders can earn £5 cashback when they spend £10 or more at independent stores, restaurants and retailers until December 16.




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Virgin Atlantic's bumper credit card sign up bonus ends today, should you sign up now?

Virgin Money is currently running a bumper sign-up offer on its Virgin Atlantic Rewards+ credit card - enough points to get a free return flight to New York. but it ends at 4pm - should you sign up now?




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Credit card customers should act fast if they want to switch to a ‘zero per cent’ card deal 

Interest-free deals are disappearing fast for credit card customers seeking breathing space to pay off debt. The ‘balance transfer’ trick is a popular way of paying off money borrowed.




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How to stick by the rules with a high interest credit card offering air miles

This is Money has put together the reward points cards with the steepest APRs, and how the card companies are making money off you even if you're clearing your balance each month.




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What is Jaja? New mobile-only credit card to launch next month

More than 6,000 people have joined the waiting list for a mobile only credit card that promises to approve customers in less than three minutes.




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Credit card holders paid £219m in fees for withdrawing cash last year

UK credit cardholders paid the price for withdrawing money using their credit cards last year, being stung with £219million in fees and charges.




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Will Apple and Amazon launch rival credit cards in Britain?

At the launch event in Cupertino, California, the iPhone maker debuted a white titanium card with no number, security code, expiry date or name, only the Apple logo. Could it launch in Britain too?




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The disappearing 0% deals: Borrowers urged to act quickly to reduce the cost of credit card debt

Two years ago, top balance transfer credit cards offered customers 43 months to clear their debt without paying interest. The longest deal today lasts just 29 months.




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Betting on the Grand National using a credit card could cost gamblers almost £16m

Those thinking of putting money on the 5.15 at Aintree on Saturday could be making a mistake far costlier than backing the wrong horse - using a credit card to bet.




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Amazon and American Express slash credit card reward bonuses for joiners and spenders

Amazon and American Express have slashed the sign-up bonuses and spending incentives on some of their cards.




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You CAN beat the credit card crunch: We've investigated almost 150 of the best deals

If used smartly, credit cards can still be an effective spending tool and even earn you money. Shoppers now have around 166 different deals to choose from.




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Is HSBC's new cashback Rewards Credit Card worth taking?

HSBC's Reward Credit Card is available to Advance current account holders, and pays you reward points on all your purchases. We see how it stacks up against the best of its rivals.




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Which credit cards are best for beginners looking to boost their score?

While bumping your credit card spending when saving for a house might not seem like the brightest idea, you could be doing your chances of getting a mortgage more harm than good by avoiding plastic.




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NatWest announces new mobile-only way to make credit card purchases

Customers looking to make big purchases with a NatWest credit card will be able to pay a set monthly fee rather than their card's APR, under a new mobile-only offer announced by the bank.




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Credit card deals worsen amid regulator clamp down on UK households' spiralling debts 

Periods of free borrowing on best-buy balance transfer cards have shortened by nearly 20 per cent in a year, according to figures compiled by data company Moneyfacts.




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How your everyday credit card spending could help pay for your next holiday

Many credit cards offer reward points that can be exchanged for air miles. If you can pay off the balance every month, these cards are a good place to start racking up air miles.




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Credit card charges rocket to an all-time high of 24.7%... But savers still earn ultra-low returns  

Average card rates have surged since the financial crisis, climbing from 16 per cent in 2006. But at the same time, typical savings rates dropped sharply to all-time lows and barely recovered since.




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Credit card interest rates reach a 13-year high of 24.7% APR

Data from Moneyfacts found that in September the average credit card purchase APR rose to 24.7 per cent, an all-time high since its records began in June 2006.




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Millions of credit card users are on course for rate trap as they fail to move provider

New research reveals that nearly half of all UK credit card holders -around 17million people nationwide - have never switched their card.




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True cost of those zero % credit cards: Banks hike rates in time for Christmas 

Shoppers now pay an average of 25.1 per cent on credit card purchase. It means that a customer who borrowed £3,000 and paid off £100 a month would pay £1,463 in interest overall.




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Number of 0% credit cards falls in 2020 and terms shorten

There were 122 balance transfer offers in January 2017 compared to 76 today, according to figures from Moneyfacts - while the timeframe to pay back the debt has also shrunk.




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Lenders hike rates on 21 different credit cards as borrowing soars 40%

Britain's debt binge has deepened - with figures last month showing credit card borrowing had surged by 40 per cent and the average family now owes £12,800 on credit cards, loans and car finance.




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Virgin Atlantic Reward credit card offering bumper bonus points

Frequent fliers after air miles towards their next holiday could take advantage of a new sign up bonus which could get them to three continents, provided they're happy to pay a fee.




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Hundreds of Saga customers receive surprise payout after platinum credit card mishap

Hundreds of customers of Saga have received an unexpected windfall following its admission that it badly handled the axeing of its popular platinum credit card last year.




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Banks refusing to unblock credit cards in branches as customers must phone

Lloyds, Santander, Nationwide, NatWest, Virgin Money, HSBC and Barclaycard all confirmed staff cannot unblock credit cards in branch.Some banks say it must now be done by a specialist team.




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What do the FCA credit card and overdraft proposals mean for consumers?

The FCA this morning proposed banks should offer customers in financial difficulty an interest-free overdraft up to £500, and let them put credit card and loan repayments on hold for three months.




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Should you take a credit card payment holiday during coronavirus pandemic?

While borrowers make no payments for three months, card providers often still charge interest on balances during payment holidays, meaning borrowers continue to rack up interest




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Virgin Money u-turns on decision to suspend credit cards

Virgin Money apologised and reversed its decision, saying that everyone who had their card suspended will be able to use them to make purchases again from Saturday 9 May.




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The best cashback credit cards that reward your spending

Sadly the numbers of lucrative cashback and rewards cards have dwindled over recent years. But are there still any cashback credit cards worth having? We take a look.




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Why Hilton Honors has best reward credit card for spending

If you are about to buy a big ticket purchase for your home, perhaps some white goods, a new sofa or a television, then this credit card trick could earn you a big reward.




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118118 Money launches new credit card which charges no interest

118 118 Money has launched a new credit card with a difference, instead of fees, interest and charges you pay a monthly subscription. But it could end up costing you far more – here’s why.




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Best credit cards for cashback, airmiles and points from work expenses

Travel a lot for work? We have crunched the numbers to help you choose the most lucrative credit card offering air miles, reward points and cashback to use for work expenses




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Tandem launches new best buy overseas spending credit card

Challenger bank, Tandem has launched a new best-buy credit card offering those without a perfect credit rating free holiday spending and cash withdrawals. We take a look.




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Virgin Money credit card customers hit by charges thanks to minimum payment default

Some longstanding Virgin Money credit cardholders have been left with charges on their accounts after discovering they had only been making minimum direct debit payments.




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Virgin Money customers hit with credit card interest charges will be refunded

Virgin Money is refunding loyal customers hit by interest charges after they unwittingly only made minimum payments on their new Virgin Atlantic credit cards.




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StepChange find 1 in 3 holders of high interest subprime credit cards are in problem debt

As many as one in three people who hold subprime credit cards with interest rates as high as 70% are in problem debt, according to a new report released by the debt charity StepChange.




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Virgin Money agreed to refund some credit cardholders but wouldn't give me back my £200

A long-standing Virgin credit cardholder has accused Virgin Money of 'purposely misleading people for financial gain' after it refused to refund interest charges he incurred on his account.




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Amex launches new credit card with Vitality offering 3% cashback back to stay active

American Express and Vitality have launched a new cashback credit card with a difference. The more exercise you do, the more you earn - up to an eye-catching 3 per cent. But is it any good?