An Australian credit journal

Independent · Australian · Plain English

Credit, explained without the brochure.

Credit Made Simple is a long-form journal on how credit actually works in Australia: scores and files, cards and loans, hardship rights, and the licences that sit behind the person offering to “help”. We write for readers, not for a product pipeline.

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Cover story

Topic hubs

All articles

Revolving credit

Credit cards

Interest-free periods, residual interest, rewards maths, balance transfers and the decision to close a card.

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Fixed-term credit

Loans and borrowing

Personal loans, car finance, comparison rates, serviceability and the home-loan levers that change the cost of money.

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When money is tight

Debt and hardship

Missed payments, hardship variations, consolidation, small-amount credit and formal insolvency options.

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From the library

A fountain pen resting on a written page

Credit cards

Closing a credit card

How a card is closed properly — remaining balance, direct debits, points — and what utilisation and available credit can do to a score. Offsetting a home loan versus keeping a card is a description of two mechanisms, not advice.

CMS Editorial · 11 March 2026

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General information only, written for readers in Australia. This is not personal financial, credit or legal advice, and it is not a recommendation to apply for, accept or cancel any product. Credit assistance — suggesting a particular credit contract or acting as an intermediary — is a licensed activity under the National Consumer Credit Protection Act 2009 (Cth). Credit Made Simple is an editorial publication, not an Australian credit licensee. Check current rules with ASIC, Moneysmart or a licensed adviser before you act.