Free Credit Cards – Are They A Myth?
Posted April 5th, 2010 and last modified May 21st, 2011Credit Cards without an Annual Fee can effectively be a free credit card, so long as you repay your credit card on time
Applying for free credit cards that have no annual fee is as simple as filling out an application online. Just look for the best deal that you can find and click the link to head over to the banking website to start the process.
No Annual Fee Credit Card offer
The HSBC Credit Card is a no annual fee credit card that is also combined with a low interest balance transfer offer. If you are looking to switch from your existing bank to HSBC, the balance transfer will make the process easier, and also save you interest at the same time.
- $0 annual fee
- 17.99% p.a. on purchases
- 0% p.a. for 6 months with 2% handling fee on balance transfers
- Cash Advance Rate of 21.99% p.a.
- 55 days interest free
- Minimum Income Requirement of $20,000 p.a.
Free credit cards – no annual fee
If you are looking for a business credit card then you can find one with no annual fee as well. These cards have become very popular with people that own a small business who are looking for a cheaper form of credit than what they would fine at their regular financial institution. Cash flow is one of the hardest parts of running a business, and free credit cards offer the opportunity to have access to cheap credit. This can quite often be a lifesaver for anyone owning a small business, because the day to day operations of the business may need credit help, especially at the beginning.
Comparing cards
When you do a comparison of the interest free credit cards available, you can look at some charts to see what other features come on these cards. When you study a comparison chart of credit cards you will be able to look at many different credit card products from several leading card issuers all at the same time.
A credit card comparison chart will show you all the different Australian credit cards available, on top of the ones with no annual fee. When you find one that appeals to you, you will be able to click on the link that brings you to the website of the bank that is offering that card.
It does not make much sense to get a credit card with an annual fee that has the same features as one that does not have this fee attached to it. There are many ways to save money with a credit card, and choosing a no annual fee card is one of them.
Your privacy is always protected when you apply for free credit cards on the Internet, and it is very secure and safe. No longer do you have to head to your branch to apply for a card, you can do it all online, using a simple comparison chart.
If you are eligible to apply for a platinum credit card, then you will also enjoy certain credit card benefits not available on lesser cards. These usually include complimentary travel insurance, purchase protection, extended warranties and more generous reward programs. You may also have access to certain schemes that provide special offers and benefits when shopping, dining out or booking travel.
The drawback of gaining access to these extra credit card benefits and perks is that platinum credit card can often attract a higher annual fee than standard credit cards, and they can charge higher interest rates on purchases. Although you are getting more for your money, you may also be paying more. Plus, many people who have these extras do not make full use of them, and some may not even know that they exist on their card.
Happily, there are platinum credit cards on the market that break the mould, offering all the credit card benefits of a platinum card but without charging the associated fees and without hitting the customer with higher interest rates.
The message is that if you want credit card benefits without paying a hefty premium then this is possible. You just have to conduct a little research to find the right platinum credit card. The best way to do this is with a credit card comparison site so you can see similar cards side by side on one page.
Check out today's featured offers:
| Westpac Low Rate | Citibank Clear Platinum | Qantas AMEX Discovery | ANZ Platinum |
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0% p.a. for 6 months on purchases & balance transfers |
2.9% p.a. for 12 months |
$0 annual fee Up to 10,000 Bonus QFF Points |
0% p.a. for 6 months on purchases & balance transfers |
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