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Aussie Credit Card Details

Aussie Credit Card Offer

Aussie continues to offer a very attractive low rate product in the Australian market

Aussie MasterCard

Be confident with your everyday credit card spend. 0% p.a. on balance transfers for the first 6 months from card approval ^. Limited offer! As well as a low 11.99% p.a. on purchases (excludes cash advances) So make the simple switch to the Aussie credit card today. Click here to apply online and get a response in 60 seconds. Aussie Credit Card Key Features: Low ongoing rate, now just 11.99% p.a.* for purchases. 0% p.a. interest rate on balance transfers for the first 6 months^. Limited offer. Up to 55 days interest free credit on purchases Competitive annual account fee of $49 Apply online and get a response in only 60 seconds You don't need to be an Aussie customer to apply No pointless rewards program, just low interest rates Only 15.99% p.a.* on cash advances Credit limit up to $15,000   Credit Card Tip Remember the right card for you will greatly depend on your spend, repayment, outstanding balance habits. As a general rule: Low Rate Cards don’t have rewards programs (there might be partner discount programs), charge annual fees, and have introductory balance transfer offers. No Annual Fee Cards have interest rates between 13-16%, don’t have rewards programs (there might be partner discount programs). Reward Program Cards have interest rates higher than 16%, annual fees above the $80 mark and reward program fees might be on top of this.   You will notice that cards generally charge a higher interest rate for cash advances than they do for purchases, the reason for this is the banks see these types of transactions as a higher risk. If you think that you will need to obtain cash advances from time to time make sure you go for a product that offers a low interest rate on such advances. The reason being is that any payments you make will come off the lowest interest bearing balance first, therefore leaving you with high interest bearing cash advances. Products that offer a cash back actually give you cash back on your monthly statements. You receive a small percentage of cash back for the purchases made. Products that offer cash back programs are limited. All information on the site is given without warrenty and does not take into account your specific financial position. The information is written in general terms and therefore care needs to be taken when applying this information to your situation.

Credit Card Search Wizard

Credit Card Wizard has been designed to help you select a credit card that fits your needs. We do this by asking you a series of questions about your spend and repayment habits. We then use this information to help determine the right type of credit card for your needs. Credit Card Search Wizard

Credit Cards-Low Interest Rate-Compare Now!

Credit Cards with a low interest rate is best suited to those people who have outstanding monthly balances carried over to the next month and/or you do not spend enough annually to justify the annual fees associated with a reward program offer. This figure as a guide is $8,000 spend annually Compare Now!

Credit Cards-Low Balance Transfer Rate-Compare Now!

Credit cards can sometimes offer 0% on balances transferred over from another. Special balance transfer rate generally lasts for 6 months from date off approval. Used correctly these offers can result in an interest saving. Compare Now!

Credit Card Special Offers-Compare Now!

CreditMart has a whole range of special credit card offers from leading issuers. Some of these offers are exclusive to CreditMart or only available online. Compare Now!

Credit Cards-Rewards Program-Compare Now!

Credit cards with a Rewards Program are really for people who pay their monthly account balance off each month and who's spend is greater than around $8000 p.a. Perfect when used for convenience purposes instead of cash. Compare Now!

Credit Cards-Gold & Platinum-Compare Now!

Gold & Platinum offers generally come with greater rewards, benefits and spending limits. They also come with higher annual fees and reward program fees. Really need to be spending more that 20K per year and pay balance offer each month to make these cards worthwhile. Compare Now!

Credit Card Balance Transfers - maximising the benefits

As competition in the Australian credit card market intensifies, we have seen more credit card issuers introduce “low introductory” interest rate periods as a means of acquiring new customers. Many of these promotional deals are offering 0% for an introductory 6 month period, or a rate around the 6% mark for the life of the balance transfer.

How to maximize your benefit associated with low balance transfer offers:

1. Don’t use the new card: Balance transfer amounts transferred over onto your new card are actually paid off first. For example: if you transfer $5000 onto your new card at the introductory rate of 0% and you then make purchases in the month of $500, your new balance will be $5,500.

If you then make a payment of $500 , this $500 will go off the balance transfer amounts and not the new purchases. So your new outstanding balance amounts will be:
- $4500 – at 0%
- $500 – at (assume) 12%.

Suppose the next month you make purchased of $2000 and then pay this amount off. Your new balance will be:
- $2500 – at 0% - $2500 – at (assume) 12%.

As you can see, by using your credit card during your introductory balance transfer period you are actually not maximizing the potential benefit of the introductory period.

2. Cancel up your old card: Don’t fall into the trap of keeping your old credit card. As soon as you have received the new card you should cancel the old one. If you don’t, then you can quickly find that your credit card debt has quite quickly increased.

3. Pay off the balance in the introductory period: Once the introductory balance transfer period has ceased any outstanding balance transferred amounts will revert to the “Cash Advance”, which in many cases is higher than the “purchase” interest rate on the card.

4. Watch our for the revert rate: Make sure you understand what rate any existing into balance transferred amounts revert to att he end of the intro period. Some cards revert to the cash advance rate while others revert to the purchases interest rate

The low balance credit cards offers if used correctly can be an effective way to reduce interest rate charges in the short term, but you also need to take into consideration if the credit card is best for your needs in the longer term. Don’t forget to look at the ongoing interest rate for both purchases and cash advances. Compare Now!