The latest figures from the financial review, Banks are starting to see a trend in the way Customers are using their Credit Cards. While the total credit card debt was up $508 Mil from the previous month, the growth rate for credit card debt is slowing. With a definite downward trend for the use of the credit card cash advances.

Which is a good indication that customers are starting to feel the effects of interest rates applied to the cash advances. The average outstanding credit card debt for bank customers is around the $3,014.

from Infochoice