Aussie Credit Card

Aussie Home Loans entered the Australian market and blew away consumers with their competitiveness. Now they’ve turned their attention to the credit card market, they offer a single super competitive low rate card to go with their Personal Loans and Home Loans.

Find out how the Aussie credit card stands out as a simple and honest credit card that gives the customer what they need and nothing more. Get all the best features on one card with the Aussie MasterCard.

The Aussie credit card is relatively new to the market as the Aussie Bank has only been around for fifteen years. Aussie was started by John Symond mainly as a lending institution for Australian home owners, and Mr Symond introduced various new ideas to the Australia banking scene. He is known for bringing a competitive interest rate to the market and for helping thousands of Aussies achieve their goals of home ownership. Aussie Bank currently employs over 1,000 people, and is now a partner with ANZ, allowing Aussie to offer their customers even more choice and benefits.

The Aussie credit card is operated on the MasterCard system and is designed to offer customers a simple set of great offers, including a low rate of interest, a low fee, an attractive balance transfer rate, and the usual 55 days interest-free. There isn't a rewards program with the Aussie credit card, but as much as these have become an integral part of many credit cards in recent years, they are still in reality an added extra and can often be there to compensate for other features that may not be as welcoming. They may even cause some people to spend unnecessarily to earn points. This is certainly not the case with the Aussie Mastercard.

Aussie credit card fees:

Fee for a Late Payment: You will be charged $35 if you fail to pay the "amount due immediately" amount or minimum monthly payment on your statement. You will not have to pay this charge if you make sure to pay the monthly minimum shown on your statement each month.

Fee for Overlimit: An overlimit fee of $35 will apply if the account balance goes over your credit limit during the time period of your statement. At the end of your statement period this charge will be added. It is very easy to avoid these credit card feeds if you spend within your limit. You can monitor your spending online or by phone, and you can make an application to raise your credit limit.

Fee for a Duplicate Statement: The fee for requesting a duplicate statement is $14 for each one required. If you need a statement that was processed within the last three months, you can look it up online for free.

Fee for Priority: You will be charged $50 for a priority issue of a PIN mailer or a new Aussie credit card. If you do not want to pay this fee and you can wait, it usually only takes 2-5 business days to receive one.

Fee for Overseas Transaction The fee for an overseas transaction is 3% of the Australian or foreign currency value. This fee is unavoidable.

Fee for Payment Dishonour: Any payment that is dishonoured or needs to be reversed will be charged $12. This fee can be easily avoided by paying your statement on time and by ensuring that you have the funds to cover the payment in your account.

Fee for Additional Cardholder: There will be an extra charge of $10 per year per additional cardholder. This is an unavoidable charge if you want to add another cardholder, but much cheaper than opening a separate account. These credit card feeds and charges are quite reasonable, and in most cases can be avoided if you do smart shopping and planning.

You may not have much choice with Aussie, but the Aussie credit card is an honest card that offers exactly what you need. And you don't have to be an Aussie customer to apply. Applying for the Aussie credit card can be done online in a matter of ten minutes, and you will receive a response within sixty seconds. Instead of trawling through masses of credit cards and becoming confused with perks and offers and rewards, you could give the Aussie MasterCard a try.

How To Apply For An Aussie MasterCard Credit Card

It is not a difficult process to apply for a credit card with Aussie, and an Aussie MasterCard may be the perfect choice.

The basic requirements to apply for the credit card:

You need to be at least 18 years of age, an Australian resident and earning a minimum $15,000 per annum. Provided you can tick all these boxes, you can start to apply for the credit card.

The documents required to apply for an Aussie MasterCard:

To apply for this credit card, you will need to gather together certain documents so Aussie can verify your identification and the state of your finances. These are:

• A driver's licence - assuming you have one.
• Your employer's address and contact number. For a self-employed person, you must provide your accountant's name and contact number.
• Details of your income and assets, which may include any property or vehicles you own.
• Details of your outgoings - any loans you currently have, including those on credit cards and HECS debts.
• How to start your application:

To apply for a credit card, you can:

• Complete an application form online. If you choose this option, after you submit the form to us we will provide you with an answer in principle within just one minute.
• Pick up the phone and speak to an Aussie representative from their customer hotline.
• Apply via an Aussie Mortgage Broker or in an Aussie shop.
• Download an application form and pop it in the mail.

What happens next?

After you apply for a credit card with Aussie, Aussie will need to perform a check on your credit history to see if there are any problems. You will be informed by post of the outcome.

If you are approved for the Aussie MasterCard, it may be necessary to carry out further identity checks. This is mandated by the government, and you will be sent an Aussie MasterCard Identity Verification Form, along with a letter explaining exactly how to proceed with it.

Usually, this involves a visit to a post office with evidence of your identity, such as a passport or driver's licence. The post office employee will then confirm to Aussie that these are genuine. It is also possible that you may be required to show proof of employment or residence.

Once Aussie has possession of the ID form, provided everything checks out, you will receive your Aussie MasterCard within five working days, and your PIN will arrive in a separate envelope.

It should not take longer than seven working days from start to finish. Any additional cards can be requested once the primary card has been activated.

How To Transfer Your Existing Card Balance to An Aussie MasterCard Credit Card

If you hold an Aussie MasterCard then you are able to transfer a balance to it from up to two non-Aussie credit cards or store cards. You will need to provide Aussie with the following information:

• The name of the card provider with whom you have the debt.
• The account number of the account from which you want to transfer the debt.
• The amount you want to transfer.

If you initiate a balance transfer over the phone it should take approximately three working days to process. Alternatively, you can go to the Aussie website and request to transfer a balance online. Provided you do this before 6pm, your transfer will be initiated the same day. However, if you have only just activated an Aussie MasterCard as a new customer, then it will take three working days.

How long does it take to find out if your request to transfer a balance has been successful?

This is largely down to the card provider with whom you have the debt. They have their own way of doings things so Aussie cannot guarantee a time-frame. Once your request to transfer a balance has been fulfilled, you will receive a letter from Aussie confirming this has taken place. The transferred amount will appear on your Aussie card statement as a debit amount, and also on your old card provider's statement as a payment received.

Balance transfer charges:

Most new card providers charge a fee if you want to transfer a balance, but Aussie is different; Aussie does not charge for transferring a balance.

Your new credit limit:

Make sure when you transfer a balance to an Aussie card that your credit limit is sufficient. Like most card providers, Aussie only allows transfers up to 95% of your credit limit. This is important if you are thinking of setting up any regular debits from your card, as the combination of the two could cause you to exceed your limit, for which you will be charged.

Repayments after you transfer a balance:

There is no period within which you must repay your balance transfer amount, although the introductory rate only lasts so long. However, you must always pay the minimum payment amount, as you would with any credit card.

Restrictions when you transfer a balance:

There are certain restrictions on your ability to transfer a balance to an Aussie MasterCard. These are often standard of most balance transfers from financial providers. They include:

• The transfer cannot be from another Aussie card.
• The transfer cannot be from an international credit or store card.
• The transferred amount must be more than $100.
• The transferred amount cannot be more than 95% of your credit limit.
• You must not be defaulting on any other Aussie credit card you possess.
• You must not be defaulting on the credit or store card from which you want to transfer the debt.
• You cannot transfer a balance before your Aussie MasterCard is activated.

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from. ‘Best and ‘Top’ are ratings which are subject to our consideration and is not rated against all Australian credit cards. We recommend you take this information into account when comparing credit cards.

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Popular Credit Card Offers

			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	ANZ Platinum Credit Card	A unique platinum credit card offer with a low balance transfer and purchases rate.	0% p.a. for 6 months (reverts to 19.39% p.a.)	0% for 6 months	$0 annual fee for the first year ($0 thereafter)	20.99%	E-mail me this offer
	HSBC Credit Card	A 0% balance transfer, $0 annual fee for life credit card.	17.99% p.a.	0% for 8 months with 2% balance transfer fee	$0	21.99%	E-mail me this offer
	Westpac Low Rate Card	A low rate on purchases, balance transfer and a $0 annual fee.	1.9% p.a. for 9 months (reverts to 13.49% p.a.)	3.99% for 6 months	$45 annual fee for the first year ($0 thereafter)	21.49%	E-mail me this offer
	Citibank Rewards Credit Card - Platinum Card	An extended 15 month balance transfer offer with 20,000 bonus reward points.	20.99% p.a.	0.9% for 15 months	$199	21.74%	E-mail me this offer
	Bankwest Breeze MasterCard	Low ongoing purchase rate from Bankwest, with an introductory purchase rate credit card.	0% p.a. for 6 months (reverts to 10.99% p.a.)	4.99% for 9 months	$49	21.99%	E-mail me this offer