Some Australians would like to apply online for credit cards more often, suggest survey data from United Kingdom-based financial-research company Datamonitor. The firm surveyed 2,000 adult consumers in December for the findings. Datamonitor offered no immediate comment to CardLine Global. The firm says that, while 26% of consumers between the ages of 35 and 44 had applied for credit cards online, 41% expressed interest in doing so in the future. For consumers between the ages of 45 and 54, 20% had applied for credit cards online, but 32% said they were willing to do so in the future. The firm also found solid support for credit unions as issuers. Fifty percent of survey respondents who said they received their main credit card through a credit union said they were very satisfied with the issuer. The report also found that about one-third of respondents had more than one credit card and that Australian men were more likely than Australian women to have two or more cards. More than 40% of respondents said they had credit limits of less than AU$5,000 (US$4,750 or 3,100 euros), though 80% of respondents said they believed their limits were set at the right levels.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry