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Honey Trap: Kiwis rack up $6.2 billion in credit card debt
15 May, 2021 09:00 PM
7 minutes to read
Credit card debt is burdening a lot of Kiwis. Photo / Getty Images
Credit card debt has topped $6.2 billion nationally and local budget advisers say spending has started to spike again - with the cost-of-living increases in the wake of Covid.
It comes as tertiary students are
being urged by financial advisers to be wary of card offers that could potentially trap them in debt for life.
Figures from the Reserve Bank of NZ show total advances outstanding rose 0.2 per cent in March compared to February. ....

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