Who wouldnt want to get some cashback just for using their credit card to pay for their shopping?

With the festive season almost upon us, credit cards everywhere are taking a hammering. No matter how tight our budgets, we’ll always spare some cash for Christmas.

But wouldn’t it be great if we could feel we are earning even a little while we spend?

Seasoned cardholders know we can – and that’s by using a cashback credit card. These cards simply offer a percentage of your spend back as cash (up to a limit). Then, typically when the anniversary of your card is reached, you receive the cashback either as credit on your account, or as a cheque.

Sounds great, but what if you don’t really use your credit card? Well, it

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A recent audit at the University of Newcastle revealed that the 1,001 employees that had corporate credit cards managed to spend $19 million last year.

According to the educational establishment, many of those issued to workers were for travel or repeat supplies.

The processes surrounding use of the universitys plastic were questioned by New South Wales auditor Peter Achterstraat, who recommended that a complete review be conducted.

Nearly 15 per cent of employees used their credit cards for personal expenditure, although all but $2,625 had been recovered by the end of the year.

A spokesperson for the establishment said: “The university agrees the number of credit cards needs to be reduced and a reduction program is already being implemented.”

With 293 cards suspended and 46 cancelled last year, some staff may be going online to compare credit cards to get their own plastic.

This comes after a study by RMIT University found that men are more likely to make impulse purchases than women, reported the Herald Sun.

It can often be easy for credit card holders to push the interest rates that they will end up paying to the back of their mind, so that they don’t have to feel guilty about making a purchase. Yet, the fact is that credit cards are expensive and any borrower who knows how to add up exactly how much their Visa or Mastercard is costing them, including the interest and fees, is going to be ahead of the game, and make better informed buying decisions.

The first type of cost that consumers should consider is their annual fee. This is usually a small, token amount, but should not be overlooked. A $99 a year annual fee still costs the card holder $1200 every ten years, which should be considered against the card that does not charge an annual fee at all. W

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Millions of Americans have credit cards, and most do not use them responsibly. In fact, the majority of credit card holders do not even know how to use their credit cards responsibly, but does the very fact of having a credit card and a credit card limit available to spend make some customers spend more? Some experts say yes, even if the borrower knows that they will end up paying a great deal more on money they spend with their credit card. The fact is, many people unconsciously factor in their credit card limit when they think about how much money they have to spend, and if they have already spend their paycheck, the credit card is a temping option when they want something.

This question has been the focus of heavy debate for years.

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Choosing a credit card from those available on today’s market can be difficult. Not only can credit cards have many hidden terms and conditions, but some of them simply represent a bad deal for the consumer. B

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