Avoid going broke with your credit cards
11 November 2008
It has been reported that Australians are going broke in record numbers. Incorrect use of credit cards can contribute to this.
It is important to consider how you intend to use your credit card. If you want to use it regularly, then a low rate credit card with interest free days might be what you need. Low rate credit cards have a low rate of interest, thus when you're paying off your balance, you will incur less interest.
Many credit cards come with interest free days, giving you a period to pay off your owing balance and not be charged interest. If you can pay off your balance within this period, it can be a very useful tool.
An example of a low rate credit card with an interest free period is the Aussie credit card.
The Aussie MasterCard credit card offers:
- A low interest rate of 11.99%p.a on purchases.
- Up to 55 days interest free.
- Safer online shopping with MasterCard SecureCode.
- Competitive cash advance interest rate.
- Balance transfers are available.
Apply for an Aussie MasterCard credit card today. Until 8 December 2008, Aussie is offering six months interest free on purchases for all new customers.
Take a look at our credit card comparison page and find the right credit cards for you.
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