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Pay off your credit card each week 'and get free money'

by Sam Gooch on Apr 13, 2011

Paying off a your credit card every week is like having free money from the bank, it has been suggested.

People should make sure they pay off their credit card each month and get free money.

This is the advice of Karina Barrymore, writing for the Herald Sun, who stated people should "join the nerd brigade" like her and save themselves a lot of hassle and expense by clearing their Aussie credit product regularly.

She said after making the mistake of not paying off her card once and being charged with a big interest payment she did not make the same mistake again.

"If you're a nerd like me and pay off your card every month then the card company and bank don't make any money from you. In effect, you get to use their money for free," Ms Barrymore stated.

Those keen to put her advice into action might be interested to hear the government has proposed a ban on late fees as part of its credit and banking reforms, as well as...Read More >>



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