GE Money Low Rate MasterCard

Features of the GE Money Low Rate MasterCard

The GE Money Low Rate MasterCard seems to offer all the right things; low rates, low annual fee, interest free days and a rewards program. But is it really as competitive as their clever advertising makes it seem? View more GE Money credit cards.

Interest Rates, Fees & Charges

Balance Transfer Rate		4.99% p.a. for 6 months
Interest Rate on Purchases		15.49% p.a.
Annual Fee		$58
Interest Free Period		up to 55 days
Cash Advance Rate		20.99% p.a.
Card Type		Standard
Credit Card Type		MasterCard
Rewards Program		No

Here’s what the GE Money Low Rate MasterCard is offering”

• Low interest rate of 15.49% p.a. on purchases (cash advances 20.99% p.a.)
• 4.99% p.a. for 6 months on balance transfers
• Up to 55 days interest free^
• Accepted at over 22 million locations worldwide
• A low annual fee of $58
• Account Protection Insurance
• On-line account management
• Access to the instant benefit program GE Money Advantages
• Easy online application with 60 second response time

Is the GE Money Low Rate MasterCard right for me?

There are some instances where the GE Money Low Rate MasterCard can be good for you. These include situations where you:

• Have credit cards that are charging you more than 15.49% p.a. interest on your current balance.
• Have a card that doesn’t have interest free days and is still charging you an annual fee.
• Are able to pay off most, or all, of the balance of your credit card bills.

In all honesty, if you’re the type of customer who regularly repays the outstanding balance on your credit card each month, then you could probably benefit from comparing several other offers available that include access to interest free days, lower annual fees and more extensive rewards programs.

Unfortunately, if you know you’re going to carry a balance on your credit card from month to month, then it may be wise to consider shopping around for a lower interest rate on your outstanding balance than GE Money Low Rate MasterCard is able to offer you.

This is equally true if you’re considering rolling your high rate card balances over to GE Money to take advantage of their 4.99% p.a. for 6 months on balance transfers offer. While this might sound low, there are definitely better options available on the Australian market that can help you save far more money.

The GE Money Low Rate MasterCard is frankly one of the less competitive low interest offers available in Australia. You’d do well to spend a little time comparing other low interest offers to find one that is right for you.

For a comparison of the best low rate cards on offer, see the low interest credit cards.

Check out today's featured offers:

Westpac Low Rate	Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum
0% p.a. for 6 months on purchases & balance transfers	2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%