Browsing Credit Cards » Low Interest Credit Cards
Related Categories: Credit Cards, 0% Balance Transfer Credit Cards, 0% Purchase Credit Cards, Balance Tranfer Credit Cards, Business Credit Cards, Frequent Flyer Credit Cards, Gold Credit Cards, Platinum Credit Cards, No Annual Fee Credit Cards, Rewards Credit Cards
When it comes to finding the right low interest credit card Australians need, the trick is to go through all the offers until they find one that best suits their needs. A low interest credit card however does exist and is being offered to Australians who want to save money on the balance that they have built up on their card.
But what exactly is a low interest credit card and just what are the benefits and pitfalls to having it as part of your finances?
Essentially, a low interest credit card is exactly what it says it is, a credit card that charges a lower amount of interest than a standard credit card. The exact interest rate charged will vary depending on the company that issued the card, but for the most part they offer a very low rate as compared to standard issue credit cards.
For many, having a very low interest rate will offer certain advantages that may be quite attractive. However, these advantages may also be paired with certain issues that could be difficult to work into your overall budget.
Low Interest Rate: The most obvious advantage is also what the card itself is named after. A lower interest rate means that you pay less each month on the balance that is carried over. Depending on how long the low interest rate lasts, you may save hundreds of dollars or more.
Transfer: A low interest rate card is an excellent resource to transfer the balance from your higher interest rate cards so that you can save money. You will not only pay a lower interest rate, you will also get rid of excess credit cards in the process.
However, while the advantages of paying a lower interest rate really stand out, there are some considerations you will need to make as well. This is especially true if you are trying to transfer balances over from other cards.
Time Limit: In many cases, the lower interest rate will not last for very long. This is especially true if it is part of an introductory rate that lures you into owning the card. This means that if you were planning on transferring the balance or paying for particular items, you will only have a certain period of time before the lower interest rate goes away.
Fewer Rewards: Generally speaking, lower interest credit cards Australians use have little to no other rewards or other incentives that come with the card itself. This may not be all that bad considering that you are saving money each and every time you use the card, but if you were interested in particular rewards such as frequent flyer miles you will be missing out.
Overall, having a lower interest credit card can save you a considerable amount of money although they often have stricter rules about balances that carry over. So, while you will need to be more careful, the potential savings makes this the type of card that you want to carry in your wallet.
10/833 Collins St
ANZ Centre
Melbourne, Victoria 3000
Australia
Australia and New Zealand Banking Group Limited, also known as ANZ is among the largest international banks in terms of market capitalization in
16–20 Barolin St
Bundaberg, Queensland 4670
Australia
Auswide Bank Ltd, formerly known as Wide Bay Australia has been in the banking and finance sector for over 50 years and primarily deals in home loans
259 Queen St
Brisbane, Queensland 4000
Australia
Bank of Queensland Limited is one of the oldest financial institutions of Australia and has its headquarters in Brisbane, Queensland.
The Bendigo Centre
Bendigo, Victoria 3550
Australia
Bendigo and Adelaide Bank Limited came into existence in 2007, when the merger between the Bendigo Bank and Adelaide Bank took place.
201 Sussex Street.
Tower 1
Sydney, New South Wales 2000
Australia
Commonwealth Bank of Australia is one of the largest banks in Australia, forming one of the top four banks of the country - CBA
44 Waymouth Street
Adelaide, South Australia 5000
Australia
A completely customers owned bank, Beyond Bank Australia, is one of the fastest growing banks and also one of the biggest customer funded and owned
Level 5, 31 Queen St
Melbourne, Victoria 3000
Australia
Defence Bank Limited started operations in 1975 as Defence Force Credit Union Limited and continued under that banned until 2012, when its name was
400 Ruthven St
TOOWOOMBA, Queensland 4350
Australia
Heritage Bank is the biggest customer owned or mutual bank in Australia, and has over $8.5 Billion in assets.
492 Olive Street
Albury, New South Wales 2640
Australia
Primarily catering to the customers in Southern New South Wales and North Eastern Victoria, Hume Bank Limited has a strong hold in providing excellent
222 High Street
Kew, Victoria 3101
Australia
BankMecu banking products include home loans, car loans, personal loans, business loans, mortgage loans, credit cards, insurance products,
58 Belmore St
Yarrawonga, Victoria 3730
Australia
Established in 1972, the Central Murray Credit Union (CMCU)
28-32 The Kingsway
Suite 109, 1st Floor
Cronulla, New South Wales 2230
Australia
Categorized under State Credit Unions, Cape Credit Union
201 Sussex Street.
Tower 1
Sydney, New South Wales 2000
Australia
Commonwealth Bank of Australia is one of the largest banks
44 Waymouth Street
Adelaide, South Australia 5000
Australia
A completely customers owned bank, Beyond Bank Australia, is
Level 5, 31 Queen St
Melbourne, Victoria 3000
Australia
Defence Bank Limited started operations in 1975 as Defence
100 Pacific Highway
Level 10
North Sydney, New South Wales 2060
Australia
Mortgage Choice Limited offers home loans, business loans,
(568 Finance Enquiries since 14-11-2016 07:49PM)
5 Lime Street
King Street Wharf Level 3, Suite 323
Sydney, New South Wales 2000
Australia
AMO is one of the leading loans and mortgage brokers in
(1686 Finance Enquiries since 08-12-2015 10:50AM)
42 Barracks Flat Drive
Queanbeyan, New South Wales 2620
Australia
Provincial Home Loans is a Canberra – Queanbeyan based
(1020 Finance Enquiries since 11-01-2016 09:58AM)
3/71-73 Wharf Street
Tweed Heads, New South Wales 2485
Australia
Aussie offers home loans, personal loans, business loans,
(424 Finance Enquiries since 19-11-2016 08:45PM)
253 Princes Highway
Level 1
Corrimal, New South Wales 2518
Australia
Illawarra Mortgage Brokers offer various types of home loans
(292 Finance Enquiries since 23-11-2016 07:52AM)
Preparing for retirement is a challenging thing for most people. It’s so easy to get caught up in the present that you forget about your financial well-being in the future. The unfortunate thing is that most people do not spend enough time planning for retirement.
The forex market is the most active and liquid exchange platform in the world. Similar to the ASX, the forex market allows investors to trade security instruments; specifically, forex traders deal in fiat currency. this paper discusses profiting from currency exchange fluctuations in the Forex
Looking to cut inefficiencies in your business? Of course you are, or at least you should be. Cloud computing allows you to run your small business more efficiently while saving you time and money, read on to see how Cloud Computing can help your business boost it's output.
