With over two hundred credit cards available to Australians,it's a wide market that definitely caters for all needs. All credit card companies have their own flavours to tempt consumers
So,whether it be zero interest on balance transfers,low interest on cash and purchases,zero annual fees,rewards programs,cash back,percentage off,interest free days,etc.It's just a matter of comparing to find thebest card for you.
Transferring your balances from higher interest cards to a low interest balance transfer card makes perfect sense.
How do I know what transfer deal is best for me?
If you have smaller balances to transfer then the "0% for 6 months" deal is the way to go. If for say you transferred an $800 balance to a 0% for 6 months deal, the chances of you being able to repay the $800 at an interest free rate and within 6 months is very realistic.
For transfers that run into thousands of dollars then the set interest "for the life of" option is the way to go. This gives you all the time you need to repay the balance at the same, low interest rate.
For Smaller balances to be transferred, Finance and loans recommendation is for the NEW Citibank Triple offer.
The Citibank triple allows you the choice of either a Silver, Gold,or Platinum Credit Card with a low 2.9% interest rate for 12 months on the balances you transfer.
All 3 Credit Cards have up to 55 days interest free with the credit limit for the Silver being $7,000, The Gold being $20,000,And the Platinum up to $100,000.
The Quantas Premium card has a low 6.9% interest rate for the life of the balance transfer.
What are Rewards Programs
Most credit Card lenders offer rewards programs with their credit cards as an incentive. They work so that every time you spend money on your credit card you are rewarded with points.
Your points vary from card to card with a number of different offers.
You can use your points for shopping, accomodation,and wine just to name a few.
So when searching for a credit card take advantage of a card with a rewards program that suits your lifestyle.
Credit card repayment insurance is a great way to make sure your credit card payments will be taken care of due to illness,injury or unemployment.All you pay is a monthly premium based on your outstanding credit card balance.
Protect your credit cards and valuables with Secure Sentinel
Secure Sentinel is here to help when your possessions are lost or stolen.Wherever you are in the world, one free call to Secure Sentinel begins the process of finding or replacing your most valued items.A lot of Credit Card companies are using Secure Sentinel.
To Credit or Not To Credit
Prefer not to use credit but still want to have the payment flexability that a credit card has?
Then maybe a Visa Debit card is what you need.
Use your own money to shop online, overseas or over the phone.
No Credit Card Application with 3 unique designs to chose from.
Business Credit Card
Do you run your own Business or wanting to start your own Business?
Are you looking for a Business Credit Card?
Look no further than the American Express Business Credit Card with:
51 days interest free
Freedom to spend with no pre-set limit to take advantage of business opportunities.
Tax deductible Annual Fee as long as your card is used soley for your business.
Apply Today and the Annual Fee will be waived for the First Year.
Another good business card with heaps of features.
Earn 3 Diners Club Reward points per AU$1 for up to three months from card approval and 1 Diners Club Reward point per $1 thereafter. There's no limit to the number of Reward points you can earn and no points expiry date.
The Diners Club Business Card has no pre-set spending limit# and you have up to 51 days to pay for purchases.
A low rate card is best if you are looking to purchase item/s and only make min repayment on the card. If you leave an outstanding balance that will incur interest each month, you want to ensure you have the lowest rate possible. Consider the difference between a card with 9% and 18% interest rates, with a $3000 outstanding balance, you will incur over $20 more interest per month on the high rate card. This is a popular option for people who will make regular repayments on a purchase, but can avoid applying for a personal loan often with a higher interest rate.
Rewards are a great way to earn bonuses and get some money back from the banks. Usually rewards cards have higher interest rates, higher annual fees, or reward program fees. You should only opt for a rewards card if you plan to spend a lot of money on the card, but pay the balance to zero each month (before incurring interest). If you know you can pay off your balance each month, then a rewards card could be right for you.
The Gold and Platinum credit cards generally come with a few more expenses in terms of higher interest rate, annual fees and late payment fees but these cards are aimed at the high end user and give you not only status but preferential service with any card enquiry’s you may have . Gold or platinum credit cards come with terrific products attached. In most cases you are entitled to travel insurance through the rewards program which also caters for frequent flyers and using your card at one of the program partners will result in you receiving even more reward points. You will have to visit our credit card comparison chart when searching for the best gold or platinum credit card to find a full list of benefits associated with the different gold and platinum credit cards.
Nearly every credit card on the market has an up to 55 day interest free period attached to the card. This enables you to make credit purchases and dependent on when your statement is due, you will have up to 55 days to pay your account without having to pay any interest. This makes using your credit card a great alternative to carrying large amounts of cash when you go out shopping. However, you will be charged interest if you do not make your payment in full by the due date on your statement. Please note that the 55 day free interest term does not include any cash advances and that any cash advance made on your credit card will be charged interest from the day that you take out the cash advance.
The competition amongst the banks to get your business has never been greater. With Australia’s credit card debt average at $3000 per cardholder, it is little wonder the banks are offering incentives for you to transfer your credit card account to them. Australian financial institutions offer you anywhere from a zero interest rate on your credit card debt for the duration of you’re your debt to a small credit charge for a 6 month period. For example, you could be paying off $100 per month on your credit card today with $80 being taken off the principal and $20 worth of interest, by transferring your credit card debt to another financial institution you can pay the wholeamount off your debt, there is no interest to pay.
No Annual Fee credit cards are just your normal credit card that you can get without having to pay any annual fees. A no annual fee credit card is perfect for those who find they need a credit card only on rare occasions. A low interest No Annual Fee credit card can bail you out of a tight situation and with some credit card companies charging anywhere from $25 to $150 for the privilege of having a credit card, a no annual fee credit card is a product that can be useful. Even if you already have a credit card, a no annual fee credit card can sit in your wallet or purse and be used in case of an emergency. With no annual fee it’s not going to cost you anything to have access to immediate funds should you need them.
A low rate card is best if you are looking to purchase item/s and only make min repayment on the card. If you leave an outstanding balance that will incur interest each month, you want to ensure you have the lowest rate possible. Consider the difference between a card with 9% and 18% interest rates, with a $3000 outstanding balance, you will incur over $20 more interest per month on the high rate card. This is a popular option for people who will make regular repayments on a purchase, but can avoid applying for a personal loan often with a higher interest rate.
Rewards are a great way to earn bonuses and get some money back from the banks. Usually rewards cards have higher interest rates, higher annual fees, or reward program fees. You should only opt for a rewards card if you plan to spend a lot of money on the card, but pay the balance to zero each month (before incurring interest). If you know you can pay off your balance each month, then a rewards card could be right for you.
The Gold and Platinum credit cards generally come with a few more expenses in terms of higher interest rate, annual fees and late payment fees but these cards are aimed at the high end user and give you not only status but preferential service with any card enquiry’s you may have . Gold or platinum credit cards come with terrific products attached. In most cases you are entitled to travel insurance through the rewards program which also caters for frequent flyers and using your card at one of the program partners will result in you receiving even more reward points. You will have to visit our credit card comparison chart when searching for the best gold or platinum credit card to find a full list of benefits associated with the different gold and platinum credit cards.
Nearly every credit card on the market has an up to 55 day interest free period attached to the card. This enables you to make credit purchases and dependent on when your statement is due, you will have up to 55 days to pay your account without having to pay any interest. This makes using your credit card a great alternative to carrying large amounts of cash when you go out shopping. However, you will be charged interest if you do not make your payment in full by the due date on your statement. Please note that the 55 day free interest term does not include any cash advances and that any cash advance made on your credit card will be charged interest from the day that you take out the cash advance.
The competition amongst the banks to get your business has ner been greater. With Australia’s credit card debt average at $3000 per cardholder, it is little wonder the banks are offering incentives for you to transfer your credit card account to them. Australian financial institutions offer you anywhere from a zero interest rate on your credit card debt for the duration of you’re your debt to a small credit charge for a 6 month period. For example, you could be paying off $100 per month on your credit card today with $80 being taken off the principal and $20 worth of interest, by transferring your credit card debt to another financial institution you can pay the wholeamount off your debt, there is no interest to pay.
No Annual Fee credit cards are just your normal credit card that you t without having to pay any annual fees. A no annual fee credit card is perfect for those who find they need a credit card only on rare occasions. A low interest No Annual Fee credit card can bail you out of a tight situation and with some credit card companies charging anywhere from $25 to $150 for the privilege of having a credit card, a no annual fee credit card is a product that can be useful. Even if you already have a credit card, a no annual fee credit card can sit in your wallet or purse and be used in case of an emergency. With no annual fee it’s not going to cost you anything to have access to immediate funds should you need them.