Jessica Wright is considering shifting her credit card debt to a balance transfer card with zero interest after a blowout over Christmas plunged the family finances into the red.
The Brisbane-based woman is facing a predicament shared by many Australians the nation collectively spent about $30 billion on credit cards in December.
Ms Wright, 36, usually puts $4000 a month through a Coles Mastercard to earn Fly Buys points. But last month there was an extra $5500 in spending she bought her parents flights to Hawaii for her mother’s 60th birthday, bought Christmas presents for her three young children, and then the family’s washing machine broke do…
Read the full article at: http://www.smh.com.au/money/borrowing/australia-wakes-up-to-30b-credit-card-hangover-20180110-h0gb1o.html
