The Aussie Credit Card gives you the best of both worlds. You get a great 2.99% first 6 months (reverts to 12.99%) interest rate with an annual fee of just $49. You also get a choice of initial offers including a great 2.99% balance transfer and purchase rate for the first 6 months.
If so, you should look no further than the Citibank Clear Card. For an annual fee of just $65 you can benefit from a great balance transfer rate of 0% for 6 months. There’s also a great purchase rate of 11.99% for the first 12 months.
The Westpac 55 Day Visa or MasterCard offers all the convenience of Visa or MasterCard with a low annual fee of just $30. Indeed, your annual fee will be waived entirely in the first year and in every subsequent year as long as you spend $10,000 on your card.
The Citibank BP MasterCard offers great cash-back benefits on all your purchases. Not only will you earn 5% cash-back on your petrol or other purchases at BP, but you’ll also benefit from 0.5% cash-back on all your other purchases.
The Citibank Gold Card has a great balance transfer rate of just 1.9% for 12 months. Cardholders also benefit from Citibank’s rewards program, which offers you a point for every $1 spent on the card.
The Citibank Silver Card has a great balance transfer rate of just 2.9% for 12 months.
The Citibank Clear Platinum Card offers the superior service and security you’d expect from a platinum card with two superb rates. For purchases, there’s a low rate of just 11.49%. For balance transfers, Citibank offer a rate of 0% for six months.
If so, the Bankwest Zero Platinum MasterCard is for you. Benefit from a 24/7 concierge service, travel and purchase protection and a superb balance transfer rate of just 1.99% for 12 months, all without paying an annual fee. This card really does offer superb value.
The Bankwest Zero Gold MasterCard offers a terrific, low balance transfer rate of just 1.99% for 12 months. In addition, for no annual fee, cardholders benefit from all the superior service, additional insurance cover and security offered by a gold card.
Bankwest’s Zero MasterCard offers just that. There’s no annual fee for this card which offers a great balance transfer offer of just 1.99% for 12 months. Cardholders also benefit from a competitive 15.99% interest rate on both purchases and cash advances
Low interest rate on purchases with interest free days.
The ANZ First Visa card offers all the benefits of Visa in an easy to use, simple card. With a low annual fee of $0 for 1st year you can also benefit from an excellent balance transfer rate of just 7.99% for the first 6 months.
The ANZ Balance Visa is a perfect card for your balance transfer as you can earn rewards simply for repaying your balance. As an ANZ cardholder, you will also have access to additional services including the ANZ Wine Club, ANZ Car Rental Cover and Secure Sentinel, a terrific way of protecting all your cards against loss or theft.
Choosing a Balance Transfer Credit Card
You work bloody hard. According to the Reserve Bank of Australia, Aussies are paying interest on a staggering £$33.8 of credit card balances. So, don't give more to the banks than you have to. Choose a better credit card. Compare the top cards now and see how yours stacks up.
And, to help you, we have come up with 4 questions you should ask when choosing a balance transfer credit card.
1. Is it worth transferring my credit card balance?
Is transferring your credit card balance worthwhile?
It might sound like an obvious question. But, there are some instances where transferring your balance won’t benefit you.
For example, if you have a small balance or you expect to be able to repay your card balance in full in the near future, the fees you may incur with a new credit card might actually outweigh any savings you might make.
2. How long does the introductory interest rate deal run for?
When transferring a credit card balance, it is vital that you have a good idea of how long it will take you to repay the balance in full.
If you expect to pay the balance within 6 to 12 months, a short-term deal is likely to be better for you. You will pay a very low rate of interest on your borrowing for up to a year.
However, if it is going to take you longer to repay the balance, you may be better off with a ‘lifetime’ deal. This is where a credit card company offers you a competitive rate for the lifetime of the balance – however long it takes you to repay it.
3. Are there any fees?
Any savings you make in terms of a lower interest rate will be offset by any fees your new credit card provider will charge.
For example, if you will save $100 in interest by transferring your balance, but the new card has a $200 fee, it won’t be worth your while switching.
Make sure you take all fees into account when choosing a balance transfer credit card.
4. Are there any other benefits to switching?
As well as a low interest rate, there may be other benefits to changing your credit card provider. These may include:
-
Credit card rewards – You may get rewards for any spending on your card
-
Better service – You may benefit from better telephone or internet banking
-
Insurances – Many credit cards now include complimentary travel insurance or purchase protection. As well as saving money, you may also be able to take advantage of these additional insurance products
Don’t forget that selecting the right credit card will make your money go further. You work bloody hard for your money. Don’t let the banks take more than they have to – start searching for a better deal with Credit Card Rewards now.