How Labor could impact your finances, Buy Now Pay Later flights, HECS-HELP index rise: This week’s best banking news

By Rhianna Dews · · 3 min read
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How Labor could impact your finances, Buy Now Pay Later flights, HECS-HELP index rise: This week’s best banking news
  • How your personal finances may change under Labor
  • Qantas & Zip partner up for Buy Now Pay Later flights
  • Klarna Dream Deal Days: Save at Sephora, JD Sports, Oodie & more
  • Help! The student loan index is set to rise by 550%
  • What’s coming to Netflix Australia in June 2022
  • Aussies using Buy Now Pay Later for its convenience.

All in this week’s best banking news recap: editor’s pick.

How your personal finances may change under Labor

With the new Labor government comes new proposals – but how could it impact your finances? Well, most changes will aim to tackle the cost of living crisis, including changes to childcare subsidies and housing.

“We’ve done a lot of work already when it comes to savings. But there will be much more work to be done,” said new Federal Treasurer, Jim Chalmers to the ABC. 

“And so the priority in those early briefings, as we get ready for a Budget in October, is how do we responsibly begin to deal with those big challenges?"

Read the full article: How your personal finances may change under Labor to find out more.

Qantas & Zip partner up for Buy Now Pay Later flights

With the world opening up and people embarking on international travel post-COVID, Qantas and Zip Co. have announced a new partnership. Customers will now be able to purchase international and domestic Qantas flights via the Buy Now Pay Later (BNPL) platform.

On top of this, both new and existing Zip customers can now link their Qantas Frequent Flyer account in the Zip app to earn Qantas Points on eligible everyday spending through Zip Rewards. 

Eligible Zip and Qantas Frequent Flyer customers can earn:

  • 3,000 points when they sign up, link their Zip account and complete their first transaction
  • 1 point for every $3 spent on eligible flights on Qantas.com with Zip
  • 500 points each time they reach their Zip Rewards goal in the Zip app.

Read the full article: Qantas and Zip join forces for BNPL flights but is it a good option? for more info.

Klarna Dream Deal Days: Save at Sephora, JD Sports, Oodie & more

Klarna Dream Deal Days: Save at Sephora, JD Sports, Oodie & more

From Friday (the 27th of May 2022) to Sunday (the 29th), Buy Now Pay Later service Klarna is holding its global sale event – Dream Deal Days!

Aussie shoppers will have three days to access exclusive deals and product drops from big brands.

To score these deals, be sure to shop via the Klarna website, Klarna app or the participating merchant's website by paying with Klarna at the checkout (some shops will require you to use a discount code at the checkout).

Read the full article: Klarna Dream Deal Days: Save at Sephora, JD Sports, Oodie & more for all the deets!

Help! The student loan index is set to rise by 550%

Sick of hearing about the cost of living crisis? Then block your ears! Thanks to inflation, Aussie students will see their HECS-HELP debt rise from 0.6%  to 3.9% on the 1st of June 2022.

New Mozo research found that based on the average HECS-HELP debt amount of roughly $23,280, this would mean a $768 increase in the amount owed due to the recent Consumer Price Index (CPI) increase of 2.9% to 5.1%.

Read the full article: Help! The student loan index is set to rise by 550% for the full scoop.

What’s coming to Netflix Australia in June 2022

Need some new Netflix recommendations? Well, you’ve come to the right place! Next month loads of new and returning titles are dropping on the streaming platform.

From the debut of Money Heist: Korea – Joint Economic Area (Season 1) to Peaky Blinders’ sixth season return, here’s a taste of what's coming to Netflix Australia in June 2022.

Read the full article: What's coming to Netflix Australia in June 2022 for all the deets!

Aussies using Buy Now Pay Later for its convenience

New Mozo research has revealed that 82% of Aussie Buy Now Pay Later users use BNPL when online shopping due to its convenience.

Survey respondents admitted it’s more convenient to log in to their Buy Now Pay Later account than to enter credit or debit card details.

Read full article: Why do Aussies use Buy Now Pay Later? New data shows that convenience is the number one reason for the full rundown.

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