Various Options to Consider
Many Australians prefer the use of a credit card as it frees them from having to carry cash on hand, and when used responsibly, could remarkably improve their credit ratings. There is a wide variety of choices available from 10 renowned Australian banks with many designed to cater towards specific financial and personal circumstances. For the average individual earning at least $20,000 per annum, this is good news as credit card offerings are highly competitive in interest rates, rewards, balance transfers and added benefits. We have taken the headache of finding and comparing different credit cards from you with the simply credit card comparison table provided in on this website. Take note to scrutinise each option carefully and determine which credit card will provide the most value over the long term and not just during promotional periods only.
Credit Cards for Average Income Earners Comparison
Factors to Consider When Choosing an Average Income Earners Credit Card
Is an Average Income Credit Card the correct choice for me?
Credit cards for average income earners should be selected according to personal and financial circumstances. In order to qualify for this type of credit card, an annual minimum income of $20,000 should be earned. If you earn an annual income over $30,000 per annum, you will qualify for a gold or platinum credit card which will possibly provide better benefits than the standard credit cards on offer here.
Besides the income requirements, what other important factors should be considered?
First of all, it is important that you thoroughly compare the different credit cards on offer. Look at the following:
How should I go about to apply for my credit card?
After comparing the credit cards and identifying the right credit card for you, click on the ‘Apply’ button and continue to complete the form where after the banks will immediately notify you of your qualification.
Once approved, how long does it take before I can receive the Credit Card?
After approval, the specific bank will post your new Credit Card and you should receive it within a week. For security purposes, the credit cards are not activated until they are safely received. As soon as it has been activated you will be able to immediately use your credit card and earn rewards.
How can I go about to improve the chances for a successful application?
There are various factors to consider. First of all, ensure that the application form is correctly completed. Secondly, make sure that all existing liabilities and creditors are paid up to date as this will improve your overall credit score.