Get an interest rate that works for you
11 December 2008
The RBA has been cutting interest rate for the past few months, with rates tipped to fall below 3% within the coming months. While the news may be met with joy by those with mortgages, how will it affect those with credit cards?
Chances are it won't. Credit card interest rates haven't changed much in the past few months. While you may feel this is reason to grumble, it can actually motivate you to search out and transfer to another credit card that suits your needs, such a low rate credit card or a card with a credit card rewards program.
There are a variety of credit cards available and it isn't that hard to transfer your existing debt to another credit card with a better offer. A low rate credit card can be useful to you if you occasionally have trouble paying your credit cards off within the interest free period. A credit cards rewards program might suit you more if you use your credit card frequently.
The ANZ Balance Visa credit card offers a low rate of just 13.41%p.a. This low rate credit card also features:
- 0%p.a for up to six months with balance transfers.
- Up to 55 days interest free.
- Competitive annual fee of $57.
- A rewards program that offers points when you pay off your credit card.
Apply for the ANZ Balance Visa credit card.
The Woolworths Everyday Money credit card gives you points for every dollar spent on your credit card. You earn:
- 3 points for purchasing items from the Woolworths Select range.
- 2 points for buying item in any Woolworths owned store.
- 1 point for purchases made in other stores.
The rewards you can earn include shopping vouchers that can be redeemed for things like groceries or fuel.
Apply for the Woolworths Everyday Money credit card.
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