Get informed when it comes to credit card offers. Read this page regularly to find out what’s new and available.
We’re well and truly in the swing of 2016, and for many of us, the bills and other payments are mounting.
If you’ve turned to a new credit card as the solution to this and have done your due diligence, then finding the right deal is probably the most difficult part of the process for you.
There’s a huge range of credit card products to select from. This is why we’ve created this page, so you can instantly get a grasp on the market and any new additions.
The offers below can take many different forms. Some will be balance transfer deals, others will waive charges such as the annual fee and others will give you an interest-free period on purchases. Others may even simply reward you with a mass of rewards points simply for being a new customer.
Before you choose any one credit card deal it’s good to be familiar with some of the basic rules of choosing a credit card. Read on to find out what they are.
*Best Balance transfer deals
There are new balance transfer deals entering the market every month, and there are a staggering amount of cards which offer them in periods of 3 months all the way up to 15 months and even beyond for some products.
Looking at the table below will give you a good idea of the latest and most up-to-date balance transfers.
Picking the right balance transfer offer is important, as you’ll be paying this balance off with the one card for the duration of the offer. This is why it’s crucial you know exactly how a balance transfer offer works, including limits and fees that you may need to pay.
0% Purchase rate deals for 2016
Consider the below cards if you are looking for a card to make new purchases with, and don’t necessarily need to balance transfer existing debt.
What to remember when choosing a credit card deal
Know what you’ll use the card for
The answer to this question will make your choice much easier, so find out what the aim for this card is. Do you plan to use the card for an overseas holiday, everyday spending which is paid in full each month, or to pay off an existing balance? In reality there are many reasons why you could want a credit card, so find out the reason and then look for a card which will benefit this reason.
For example, someone travelling overseas may want to find a credit card with no international transaction fees and a low promotional interest rate so they don’t pay high fees or interest charges while on their trip.
Know what happens once the promotional period ends
Lower balance transfer and purchase rate offers will finish after a certain time, so you should know what rate you’ll be paying once this happens. Some balance transfer offers revert to the cash advance rate once the promotional period ends, so be sure to find this out before you transfer a balance over.
Ensure you’re not dazzled by the thought of bonus rewards points
Rewards cards from time to time offer bonus points rewards for new customers. They can also have high annual fees and rewards membership fees. This doesn’t mean they should be steered clear from, as if you spend enough each year the rewards you’ll receive will outweigh them. What it does mean is if you’re applying for a card simply because it comes with a large bonus points offer, you could end up with a card that won’t work for you.
Know the fees
This follows on from the previous point. Find out and compare the annual fees of any credit cards you’re interested in, and the fees for any other features you may make use of including additional cardholders and international transactions. There are cards which will waive these fees, so it’s important to have a good look at what’s out there.
Finding the Best credit card deals with Adrian Barclay
Click here for video transcript:
Hi, I am Adrian Barclay from CreditCardFinder.com.au, and today we are talking through the best credit cards deals of 2013.
First of all, in terms of the tradeoff between a low rate card and a rewards card, people tend to go for the rewards card because they think they are getting something extra. But, in fact, our calculations worked out on average you have to spend around $20,000 on the card before you get around $100 worth of value. So if the annual fee for a rewards card is around $150, you have to spend around $30,000 before you break even to cover that annual fee. And especially if you are going to be carrying over a balance, the interest rate on rewards card is a bit higher than your low rate cards. So you’re really going to struggle to get any value back from a rewards card if you’re not paying off your balance in full each month and also putting a lot of money on the card, which is why it is a good idea to consider a low rate card when you’re picking out a new credit card.
In terms of some other tips for getting a good deal this year, you want to know what you’re using your card for. So, if you’re going overseas regularly, you want to go for a card that waives the normal international transaction fees, also known as currency conversion fees. If you’re spending online with retail outlets that are overseas or travelling
overseas, you really want to concentrate on the currency conversion fees. Some cards don’t have them, and many cards are packed with 3% to 4% on each transaction. So it can add up to a lot of money if you’re travelling overseas regularly or making those overseas purchases.
Also, another tip is to know when the promotional period ends. There are some offers like 0% for 9 months on purchases or 0% for 9 months on balance transfers. You really want to put in your calendar when that ends, because otherwise your interest rates on those can suddenly go from 0% to 20%. That’s obviously quite a large chunk of your money that’s going to be going towards interest when people don’t really want to be paying that kind of interest on those big sums.
So that’s some information on tips to choose the best credit card deals this year. Subscribe to our YouTube channel and like us on Facebook for any more information on your personal finances. Thank you.
Why are credit card deals so important?
Getting a one-up through an exclusive credit card deal can see you get access to a credit card which fulfills your needs and does so at a lower cost to you, or simply offers you more of the same benefits that you’re applying for. These could be extended balance transfer offers, lower or completely waived annual fees and more, which could make help you pay off a balance sooner, or pay less each year.
Looking only at a card provider’s website could deny you getting access to these deals
At finder.com.au we’re regularly able to offer deals on various cards from various lenders. These deals are exclusive to us, but what’s on offer will change over time, so revisit our exclusive deals page regularly to check out the latest exclusive offers.
It’s also important to scroll to the bottom of the CreditCardFinder.com.au homepage and read about the newest products in the market. Some of these cards will replace older, outdated cards which may be similar to what you’re currently using, and might offer new features and rewards, better rates or lower fees, so it pays to be aware of what’s new in the marketspace.
Choosing the right credit card deal isn’t difficult. All it requires is a bit of reading and time to work out what you want out of your card.Back to top