the Shape of Money logo about us newsletter contact us site map search legal
Home #

Credit Cards


Credit card tips

  • If you're transferring your outstanding balance from one card to another, you may be charged a reduced interest rate for a certain period.
  • There can be no doubt that credit cards are used best when the full amount is repaid on time. If you want to learn how to pay your credit card balance on time, every time, check out the Shape of Money's consumer debt management programme.
  • The total balance outstanding on personal credit cards at February 2007 was $4,545 million. Of that, New Zealanders are being charged interest on $3,150 million. With an interest rate of approximately 18.50% pa, credit companies receive another $580 million each year on top of account fees. That's almost $140 for every man, woman and child in the country.