Black Friday Spending Surge, Credit Card Risks, Scams Alert
Update: 2025-11-28
Description
Australians brace for record-breaking Black Friday and Cyber Monday spending, with a projected $6.8 billion, a 4% increase from last year. Despite rising cost of living, many shoppers are turning to credit cards, leading to a 14% surge in applications. However, financial experts warn of potential buyers remorse and advise paying off balances within the interest-free period. Scammers are also active, using fake websites, social media ads, and phishing emails to trick shoppers. Consumers are urged to stay vigilant and protect themselves from holiday season scams.
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