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20 August 2008
  The minutes of the Reserve bank board meeting from August show that the bank intends to cut rates at its September board meeting. Analysts said the RBA had made.....
 

20 August 2008
 More three generation homes than ever before
 Melbourne is most liveable city
 Global banking crisis to continue
 Aussie John sells out to Commbank
19 August 2008
 Mortgage rates cut
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Credit Cards
 
CreditMart recently undertook some analysis around interest rates on .....
 

Leasing
 Commercial Hire Purchase
Article
 Building approvals fall
Online Brokers
 RAMS reports profit surge
Internet Banking
 Phishing inhibits banks communication with customers
Low Doc Loans
 RBA considers housing loan stress levels
 
Tips & Tricks
Credit Cards
 
Not all credit cards are created equally. And so it makes it that much harder to decide which
 

Credit Cards
 Credit Card Balance Transfers
 Watch out for the 'revert rate' on balance transfer offers
 Watch for different interest rates on the one card
HomeLoans
 Don't compare against the so-called 'standard variable rate'
 Look out for 'deferred establishment fees'
 

Currently you are unable to apply online from CreditMart  for the Westpac Low Rate Credit Card. Therefore we have provided a comparison between two similar low rate credit cards in the Nab Low Rate Credit Card and the Aussie Credit Card

Nab is currently offering 0% on purchases for 6 months, and 0% on balance transfers for up to 6 months

 

Compare Results
 
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Institution NAB Aussie Westpac Banking Corporation
Product Name Low Rate Visa Card Aussie MasterCard Low Rate
Card Type V M V, M
Status Level Standard Standard Standard
Account Type Credit Credit Credit
Purchase Rate
(% p.a.)
(0% intro)
11.99%
11.24 12.75
Cash Advance Rate
(% p.a.)
18.39 15.24 18.23
Intro Rate 0% p.a. 0 0
Intro Term 6 months 0 0
Balance
Transfer
Rate
0% p.a. for up to 6 months 0% for 6 months from date of card approval. 3.99% for 6 months
Interest
Free
Days
55 55 55
Min Repayment $10 / 2.5% $10 or 2% 2%
Annual
Card
Fee($)
49 49 45
Annual Rewards Fee      
Late Payment Fee 30 35 35
Duplicate Statement Fee 7 14 7.5
Trans Verification Fee 5 0 0
Reinstatement Fee 0 0 0
Over Limit Fee 25 35 35
Over Limit Fee Charged When Over   1  
OS ATM Fee Balance 0 0 0
OS ATM Fee Withdrawal 4 4 0
OS Emergency Card Fee 20 50 0
Interest Charged From Purchase Date Purchase Date Purchase Date
Annual Fee Waiver      
Overseas ATM Availability Visa Plus Cirrus, Maestro Visa Plus, Cirrus
Interest Paid On Credit Balance True False False
Purchase Insurance False False False
Auto Travel Insurance      
Loan Application Fee Discount False False False
Comments - Emergency Travel Assistance 24 hours a day, 7 days a week    
Rewards Program False False False
Program Name      
Program Partners      
Points per Dollar 0 0 0
Bonus Points Avail False False False
Bonus Point Partners      
Number of Bonus Points 0 0 0
Lifetime of Points (mths) 0 0 0
Conditions      
Conversion to Frequent Flyers False False False
Rewards to Frequent Flyer Ratio      
Domestic Airlines      
International Airlines      
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