GE Money Credit Cards
GE Money has a strong global financial presence in over 50 countries around the world. Among other financial products, GE Money Australia offers a range of credit cards to consumers keen on an offer that isn’t from one of the leading banks.
GE Money is the consumer finance division of General Electric. Currently one of the largest consumer finance companies in the world, they also offer a range of credit cards. This articles discusses some of the GE Money credit cards in the market.
GE Money was established in the 1930s as the consumer finance division of General Electric, the American industrial giant. Since then GE Money has grown into one of the largest financial services provider in the world. Among their range of products credit cards are also included. The following is a brief outline of the some the credit cards currently on offer and their salient features.
Featured GE Money Credit Card
Apply for a Gem Visa Credit Card and receive 6 months interest free on any purchase over $250 – reverts to 22.99%. Plus longer interest free terms of 1 year, 2 years or more. Gem Visa provides increased protection against fraud with in-built chip technology.
- $99 p.a. annual fee
- 6 months interest free on any Visa purchase over $250 (reverts to 22.99% p.a.) on purchases
- Cash Advance Rate of 22.99% p.a.
- 55 days interest free
GEM Visa Card
The GEM Visa card allows for many ways to save money on interest and purchases. If you purchase totals more then $250 you get 6 months interest free. For any other purchases you could be eligible for up to 55 days interest free too. There is also the added bonus of potentially receiving up to 2 years interest free on selected transactions.
The 6 months interest free on purchases over $250 happens on every purchase you make, and is a great way of avoiding extra interest in that time. Just be careful to remember to make the repayments on time to avoid any hidden fees, charges or interest.
Find out more about the GEM Visa Credit Card.
For the environmentally conscious this a great reward card. You can earn reward points worth 1c for every dollar spent on the card. As part of the reward program you can choose between two options of redeeming your reward points:
- Half in cash-back (crediting your card account) and half in carbon offsets (bought to reduce your carbon footprint).
- Full amount in carbon offsets – this way you make the most contribution to reducing greenhouse gas emissions and finding alternative, renewable sources of energy which are cleaner for the environment than petroleum.
A card provided only through the post or online, it features no annual fees. Unlike most other credit cards which charge a much higher interest on cash withdrawals the 28 Degrees MasterCard charges the same interest rate for purchases and cash advances. Like other cards however, the interest is applied from the date of cash withdrawal, i.e., interest free period is only available for purchases.
Featuring low interest rates on purchases, this card has an annual fee of $58 , and can include nine other cardholders in the same account. Other benefits include 55 days interest free on purchases, and a low balance transfer rate for 6 months.
GE Money MasterCard
Perfect for individuals with moderate earning levels, this card has low credit limits and annual fees.
This card provides extended financing options for large ticket purchases such as household white goods.
The range of GE Money credit cards is quite broad, and they provide some features such as extended financing which is found nowhere else.
GE Money have a unique set of credit cards. If utilized correctly, they can be fairly beneficial and cheap. However as they all feature very high interest rates, you’ll need to manage them very carefully in order to avoid getting stung.
62 interest free days can be a curse as much as a blessing, if you miss the grace period you’ll be hit instantly with a high rate of interest accumulation.
GE Money Eco MasterCard Environmental Benefit Review
The GE Money eco MasterCard is the 1st credit card in Australia with a dedicated program that purchases carbon offsets on behalf of cardholders via Origin’s Carbon Reduction Scheme. These contributions help fund projects such as reforestation, renewable energy, water and wastewater treatment, land and habitat conservation, energy efficiency and other environmental initiatives that meet the strict standards.
Financial providers today seem to be hopping on the environmentally-friendly bandwagon. With the creation and development of a new environmentally friendly credit card, the environmental footprint left by Australians using an array of plastic cards may soon diminish.
Ge Money are currently pioneering the environmental spearhead among financial providers in Australia with the release of the Ge Money Eco MasterCard. With each transaction on it, contributions to projects which endorse clean gas emissions are donated which will ultimately reduce our carbon footprint.
People tend to enjoy reducing their carbon footprint without any real effort – the Eco Mastercard serves as an interesting tool which doubles as a credit card and an environmental wonder.
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