Managing your Christmas Debt in 2016

Piggy-Bank-at-Christmas

Don’t let 12 days of Christmas spending turn into a 12-month debt hangover

A New Year means a fresh start for many, but it’s hard to have a clean slate with a credit card bill looming. Are you worried about what you spent over the silly season, and how you’re going to manage your finances in the New Year? No matter what you spent over the Christmas period, there are ways to manage your debts and get your finances under control. Start the New Year the right way and don’t let your debt hang over your head.

What options do you have to manage your Christmas debt?

There are a few options available to pay down the spending you did over the holiday period. Below we highlight balance transfers with a credit card, or consolidating debt through a personal loan.

Getting rid of interest with a balance transfer credit card

A balance transfer credit card can help you pay off an existing card and even loan debts that have accumulated. You can enjoy rates as low as 0% p.a. for a set period of time, helping you to save on interest while you pay down your debt, or in this case – quite possibly your Christmas debt. These cards allow you to bring over an existing balance from one or more credit or store card accounts for up to 16 months (or longer months on some cards). Considering longer periods can translate into more time to pay down your debt while saving on interest.

Using this table and your considerations

  • Balance transfer period. Look at the length of balance transfer offers and their rates. Weighing up the interest and the length of the offer can not only help you plan ahead, but can also potentially set your goal to rid yourself of debt.
  • Revert rate. The balance transfer rate on the card will revert to a different interest rate following the end of the balance transfer period – usually the cash advance rate. Check what rate will apply and if this is competitive.
  • Costs of the card.  See what other fees are applicable, as well as what purchase rate applies to the card and if you lose the interest-free days due to the balance transferred debt.
  • Other features the card offers. Does the card come with a rewards program? Are there any complimentary insurance covers? Decide what features you want and see if you are able to get them.
  • Balance transfer fees. Some card providers may charge fees as part of the balance transfer. It will usually be between 1-3% of the amount transferred, so be sure to check if these fees apply.
Rates last updated September 23rd, 2016
$
% p.a.

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Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
0% p.a. for 18 months 1% p.a. for 12 months (reverts to 13.24% p.a.) $55 p.a. Go to site More info
Westpac 55 Day credit card
Enjoy a balance transfer offer of 0% p.a. for 16 months, an introductory purchase rate of 1% p.a. for up to 12 months, plus a waived annual fee for the first year if applied by 11 October 2016.
0% p.a. for 16 months 1% p.a. for 12 months (reverts to 19.84% p.a.) $0 p.a. annual fee for the first year ($30 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
0% p.a. for 15 months 19.99% p.a. $149 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
0% p.a. for 18 months 20.74% p.a. $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 20 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
0% p.a. for 20 months 1% p.a. for 12 months (reverts to 12.74% p.a.) $99 p.a. Go to site More info
Benefits of balance transfer cards

  • Pay down an existing debt and save money on interest
  • Consolidating multiple credit card accounts and other debts into one can help improve your credit rating
  • Some balance transfer cards offer great features such as rewards programs, low purchase rates and no annual fees

Some things to keep in mind

  • The revert rate on these cards tends to be quite high
  • The annual fees can outweigh any cost savings depending on the size of your debt and length of the balance transfer period
  • You may lose interest-free days on new purchases because of the balance transfer debt on the card
  • You cannot take up your entire credit limit with the balance transfer, usually only 80-95%
Learning more about transferring your existing credit card balances

Personal loans can offer longer terms with even more competitive rates

A debt consolidation loan is another option you have. These loans do not offer 0% p.a. periods, but let you pay off your debt at competitive rates over a longer term.

Debt Consolidation Personal Loans Comparison

Rates last updated September 23rd, 2016
$
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
CUA Fixed Rate Personal Loan
A competitive fixed-rate loan with flexible repayments that can help you consolidate debt or make a large purchase.
From 11.99% (fixed) 12.83% $1,000 1 to 7 years $120 Go to site More
ANZ Fixed Rate Personal Loan
A flexible loan option that lets you pay off your debt, buy a car, fix up your house or cover travel costs.
From 13.95% (fixed) 14.81% $5,000 1 to 7 years $0 Go to site More
Latitude Personal Loan (Secured)
Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.
From 12.99% (fixed) 14.2% $3,000 2 to 7 years $250 (Loans under $4000 - $140) Go to site More
MoneyPlace P2P Loan
Interest rates from 8.90% p.a to 17.25% p.a. Comp rates from 8.90% p.a to 19.01% p.a depending on your credit score.
From 8.9% (fixed) 8.9% $5,000 3 to 5 years (0% - 3.75% of loan amount) Go to site More
ANZ Variable Rate Personal Loan
A variable rate loan that lets you make and redraw additional repayments.
From 14.69% (variable) 15.55% $5,000 1 to 7 years $0 Go to site More
Fox Symes Debt Solutions
Consolidate your debt with a Fox Symes Debt Consolidation Solution. Fox Symes may be able to assist you to get back in control of your finances and start to reduce your debt whether it be your mortgage repayments, credit card, personal loan.
From (variable) Go to site More
Compare debt consolidation loans

If you’re still having doubts on how to tackle your debt then read this

Even if you’re still having doubts it’s okay, at least by now you’ve acknowledged some of the avenues you can take, and it’s time to decide what one will work for you. Managing debt will depend on a lot of your situational lifestyle, so it may also help to define the following to help you decide:

  1. How much debt do you have? 
    If you’re looking at a balance transfer credit card, you’ll only be able to bring over a certain portion of your new approved credit limit in the balance transfer. This is usually between 80-95%. For a personal loan, you’ll have to be approved for the sufficient amount you need to pay off all your debts.
  2. What kind of debts are they? 
    Are your debts all on one credit card or are they spread across a few credit cards and a personal loan? The kind of debts you hold matter as to whether you should take out a credit card or loan. Most balance transfer credit cards will not let you balance transfer a personal loan, although a select few lenders will allow a balance transfer from a personal loan, so if you want to do this you will need to ensure that it’s possible. Also, some cards have limits on the amount of cards you can bring over a balance from.
  3. How long will it take you to repay the debt? 
    The length of time it will take you to repay your debt will be a crucial deciding factor in what kind of product you apply for. A balance transfer credit card will revert to a set interest rate, usually the cash advance rate, following the promotional period, so if you aren’t able to fully pay back your debt within that period then you may want to consider a different option. See what monthly repayments will be manageable on your budget to find an option that will work for you.

How to avoid Christmas debt: Tips for next year

Being smart about spending and the use of credit cards over Christmas can help you improve your cash flow around the holidays and beyond. Starting the New Year with bad debt can see you get off to a bad start, so it’s crucial to follow the tips below to minimise what you pay over the Christmas period. First we’ll look at some basic ways of saving money over Christmas, then we’ll show you how to compare credit cards for your Christmas spending, and finally we’ll show you some ways to get out of Christmas debt.

What types of Christmas credit cards are available?

There are no credit cards that are specifically designed for Christmas spending. Rather, you can select a credit card that supports the type of spending you’re likely to do around Christmas time. The right card for you will depend on how you use your credit card, the amount of spending you plan on doing with it, and the type of benefits and features you want to receive. Take a look below for some types of credit cards that might be beneficial to consider this festive season:

Low Purchase Rate Credit Cards

0% interest rate on purchases usually offered for a limited time (often a period of six to 12 months). During this time you can make purchases and pay no interest until the promotional period ends. This gives you the ability to make Christmas purchases and then gradually pay them off interest-free. These cards can still have additional features such as rewards programs, complimentary insurance policies and more, so ensure the annual fees aren’t too high compared to the value of these perks. Be sure to know what the interest rate becomes after the promotional ends. It can revert to the purchase rate or the cash advance rate.

0% Purchases Credit Cards

Rates last updated September 23rd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $59 p.a. Go to site More info
NAB Low Fee Card
Get 0% p.a. on balance transfers and purchases for 15 months.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $30 p.a. Go to site More info
ANZ First Visa Credit Card - Exclusive Offer
Exclusive Offers to finder.com.au

Enjoy 0% p.a. for the first 12 months on balance transfers and 0% p.a. for the first 3 on purchases.

0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $30 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Earn Velocity Rewards points with your purchases and pay no interest with 0% p.a. for 12 months on purchases and 0% p.a. for 6 months on balance transfers.
0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info

Low Purchase Rate Credit Cards

About 0% Purchase credit cards

No annual fee credit cards

The standout feature of this type of card is, as you can probably guess, the fact that you aren’t charged an annual fee. This can save you a considerable amount with the card, especially when it comes to Christmas time. These cards can either charge no annual fee for the life of the card, or have a waived annual fee for the first year. Either way, there are savings to be had. With these cards, you should keep the following in mind:

  • How long does ‘no annual fee’ apply? As mentioned above, the no annual fee offer may not apply to the life of the card, or it might only be available to qualifying customers. Check the details of the offer before you apply to see that you’re eligible.
  • Does the card offer competitive rates? While a card with no annual fee can help you save, it can also cost you a lot if it has a high interest rate. Compare the purchase rate, and balance transfer rate if applicable, to see if the card is a competitive all-round option.
  • What other features does the card offer? No annual fee does not mean ‘no features’, as these cards often come with some lucrative features to supplement your credit card spending. No annual fee cards can come linked to rewards programs, offer bonus points, come with complimentary insurance covers and also balance transfer offers.
Rates last updated September 23rd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
Westpac 55 Day credit card
Enjoy a balance transfer offer of 0% p.a. for 16 months, an introductory purchase rate of 1% p.a. for up to 12 months, plus a waived annual fee for the first year if applied by 11 October 2016.
1% p.a. for 12 months (reverts to 19.84% p.a.) 0% p.a. for 16 months $0 p.a. annual fee for the first year ($30 p.a. thereafter) Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive $200 back when you spend $500 in the first 3 months. Also enjoy a $0 annual fee for the first year.
19.74% p.a. $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
A low interest rate on purchases and cash advances with $0 annual fee for the life of the card.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

Information about no annual fee credit cards

Rewards Credit Cards

A rewards card simply rewards you with points for every dollar worth of eligible purchases you make. They allow you to cash in your rewards points for a range of items and other perks such as free flights, fare upgrades and more. Rewards cards offer many incentives to attract new customers, including bonus points, balance transfer offers and 0% or low purchase rate promotions. They typically have a higher annual fee, but can be a good way to get extra value from your Christmas purchases. You need to make sure you have the self control before you sign up for the rewards. If you spend just to get rewards points you will end up spending more than you can afford to pay off, and the interest you pay on your purchases will cancel out any rewards gifts you may have qualified for. Typically you need to spend around $2,000 a month to gain enough rewards to cancel out the costs of a rewards credit card.

Rates last updated September 23rd, 2016
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
ANZ Rewards Platinum
Earn points for every dollar spent on purchases plus a 50,000 Reward Points after your first eligible purchase is made within 3 months of card approval.
2 1 50,000 bonus points $95 p.a. Go to site More info
Citi Qantas Signature Credit Card
Receive a 15% discount to help you get fast-tracked through immigration at over 280 international airports and access to Citibank World Privileges.
0 1 70,000 bonus points $99 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn bonus Velocity Points in the first 3 months plus a low balance transfer offer of 0% p.a. for 18 months
0 0.66 $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Enjoy an annual fee refund every year if you meet the spend requirement with a balance transfer offer, high credit limits and prestige services including a personal concierge service and VISA Platinum rewards program.
0 1 $149 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
0 1 60,000 bonus points $199 p.a. Go to site More info

Retail Rewards Credit Cards

These are credit cards which have certain shopping benefits or rewards programs in place. They’re often store branded, by retailers such as Woolworths, Coles or Myer, and can come with interest-free deals on purchases made at these stores. Like a rewards card, from time to time retail credit cards can also offer 0% or low interest rate promotions as well as balance transfer deals.

Rates last updated September 23rd, 2016
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
Coles Low Rate MasterCard
A low rate MasterCard with a competitive rate on purchases and a low annual fee.
0 0.5 $49 p.a. Go to site More info
Coles No Annual Fee MasterCard
Earn 10,000 bonus points, 1 flybuys point per $2 spent and enjoy no annual fee for the life of the card.
0 0.5 10,000 bonus points $0 p.a. Go to site More info
David Jones American Express
Receive 30,000 Membership Rewards points and earn up to 3 Rewards points for every dollar spent on everyday item and access exclusive in-store benefits to David Jones cardholders.
1 30,000 bonus points $99 p.a. Go to site More info
Coles Platinum No Annual Fee MasterCard
Receive 10,000 bonus points on sign-up and enjoy a low balance transfer offer, no annual fee ever with 24/7 platinum concierge service.
0 0.5 10,000 bonus points $0 p.a. Go to site More info
David Jones American Express Platinum Card
Earn 40,000 Membership Rewards points when you spend outside of David Jones 3 times in the first month.
1 40,000 bonus points $295 p.a. Go to site More info

About rewards credit cards

Cards with extended warranty offers

Warranty is a guarantee that the product you’re buying won’t break — and if it does, you’ll be able to get a replacement, or at least have it fixed. Credit cards that offer extended warranty essentially extend this guarantee, so you’ll be able to enjoy the warranty, and your purchased product, for a longer period of time. So, how does extended warranty work on credit cards?

  • Making your purchase. You need to make the purchase on your credit card, and your credit card needs to offer extended warranty.
  • Claiming your warranty. Proof of your purchase will need to be kept in order to take advantage of the extended warranty offer.
  • Types of purchases covered. Only Australian purchases that offer an expressed Australian warranty will be covered.
  • Limits. You will usually have a limit on the amount you are able to claim within a certain period, usually one year.
  • Maximum time of warranty extension. Credit cards that offer this feature usually only extend the warranty for a maximum period of five years. Be sure to check the terms that your credit card offers.

Compare cards that come with extended warranty

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How do I prepare my finances for Christmas?

The health of your finances will determine how generous Santa will be with your family and friends this year, and which special trimmings make it to the dinner table. If you want it all, follow the tips below. Preparing for Christmas is one thing, but sticking to your budget is tough when the Christmas sales and advertising is in full swing. Here’s what you can do to avoid needless overspending over the holiday season.

  • Don’t spend too long at the stores while you’re shopping as you are more likely to buy something you don’t need
  • Shop online if you can and get the cheapest prices you can. Be mindful of credit card surcharges of foreign transaction fees if purchasing from an overseas retailer
  • Remain aware of your credit card balance at all times
  • Have a credit card repayment plan and always aim to pay off your balance in full each month
  • Make homemade gifts like handmade chocolates, chocolate ginger, craft gifts, scrapbook, a jar of cookies or a jar of lollies (sometimes the thought counts more than the value of the gift) instead of buying store bought gifts
  • Start buying early so that you don’t have all the costs in December and so you can make use of sales when they come
  • Find activities to share which cost no money like a trip to the beach, a BBQ in the park, bushwalking or a picnic, as they will all help keep that budget under control.

The ultimate Christmas Gifts Guide

What kind of credit card use should I avoid over Christmas?

Cash advances

A cash advance allows you to withdraw cash from your credit card, adding the withdrawal to your credit card in a similar way to a new purchase. However, the difference is that a cash advance is usually charged at a higher interest rate than your regular purchases, and interest is applied right away, even if your credit card has interest free days available. There may also be an additional fee on the interest charges which can be a set fee or a percentage of the transaction amount.

Overspending

Having a brand new Christmas credit card, or a recently revived account can feel like a license to shop and spoil yourself and others during the festive season. However, a credit card should be used with the same care and forethought as any other financial product. This means that you should look at your budget each month and work out how much you can afford to repay on your credit card, and therefore how much you can afford to spend that month. If you can’t afford to repay the full amount of a purchase you need to make on your credit card, make sure you work out what your repayments would be, how much interest you will be charged and how much extra you can afford to repay above the minimum repayment – this allows you to remain informed and aware of what your decision to overspend will be costing you. To avoid overspending try taking your Christmas credit card out of your wallet when you don’t need it for items on your Christmas list. This will stop you from buying ‘presents’ for yourself and help you stick to your Christmas list and your monthly budget.

Not repaying your balance in full and on time

Ideally you would repay your Christmas credit card balance in full and on time, but if you can’t do both, you at least want to make sure you meet the repayments on time to avoid late payment fees. All credit card fees are added to your balance where, if not repaid in time, they accrue interest and that interest then compounds, increasing the original size of the fees exponentially. While the danger of not repaying your balance in full may seem minimal compared to compounding credit card fees, consider the full effects of compounding interest. For example, if you have a $3,000 balance on your credit card at a 16% interest rate, if you make just the minimum payment you will be paying $7,504 in interest, and your card will take you close to twenty years to repay in full if you don’t make any new purchases.

Overseas transaction fees from online stores

Most credit cards will charge a currency conversion fee when you use the card overseas, or online to buy from a merchant overseas. These fees can range from 1.5% of the transaction amount up to around 3.4% of the transaction amount. This is why it’s important to know exactly which overseas transaction fees will be charged on your online Christmas purchases. However, if you want to avoid these costs all together, you can use a third party payment system such as PayPal.
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How do I manage my Christmas credit card purchases?

Keep track of your repayments. When you miss a repayment or regularly make your repayments late, you are travelling down the slippery slope to uncontrollable Christmas credit card debt. Missed repayments have a snowball effect, because when you miss a repayment you are charged a late fee, the late fee is added to your balance, your balance increases, interest is charged on your balance including your fees so your interest charges increase and you need to pay more and more each month just to beat the compounding interest, let alone repay your principal balance.

The golden rules to managing your christmas purchases

Use automatic payments

You can set automatic payments from your savings and transaction accounts to pay your balance off before the due date, but because your balance changes each month, it’s a good idea to set regular calendar reminders each month to check your statement before it’s due

Understand interest-free days.

Most credit cards will proudly show that they have up to 44 days interest-free or up to 55 days interest-free. There are two things you need to be aware of before you get carried away thinking you’re not being charged interest – firstly, the interest-free days only apply if you’ve repaid your balance in full the previous month, and secondly, you are only getting up to a certain amount of interest free days.

Understanding 55 days interest free days

‘Up to 55 interest free days’ refers to the scenario where you make a purchase on the first day of your statement cycle. This will see you have 55 days before you need to pay this charge off. Purchases made later in the cycle will have a lower amount of days available.

Set yourself small goals

One of the most effective tools you will have in your debt repayment plan is motivation, but unfortunately it’s sometimes also the hardest to find. That is why you need to motivate yourself regularly by setting yourself small goals on a weekly or monthly basis, rather than looking at your overall debts and the relatively small dent you’ve made with your latest effort.

Reward your successes

To bolster your motivation celebrate your successes. For example when you do meet your weekly or monthly debt repayment goal make sure you reward yourself with something you really want to do. This involves some self control as a typical reward for many is a shopping trip, but look at other rewards you can use such as baking your favourite cake, going for a drive to your favourite picnic spot or watching your favourite movie.

Organise your paperwork

When you keep your statements and payments organised you are more likely to be successful in paying off your Christmas credit card balances. Whether you use a notebook or a computer spreadsheet make sure you keep all of your figures and commitments together so you can always stay on track, and of course instantly check your progress.

The buddy system

Another great debt repayment strategy to combat the post-Christmas credit card hangover is to get into a debt repayment plan with a friend. You’re not going to be the only one nursing a large credit card bill after Christmas, and working with a close friend or family member to check in on each other’s progress and remind each other when to think twice about a purchase will make you feel less alone and keep you motivated.

Take drastic measures

These are reserved for the serious overspenders out there, but include freezing your card until you’re able to better manage your expenses, deleting your stored credit card information from your PayPal account to avoid spending online, closing credit cards you no longer need or even de-magnetising the magnetic strip so it only works for card-not-present transactions. You could also give the card to a family member so you won’t abuse it over the holiday period. You can also try these handy hints:

  • Try not to put anything on your credit card that you cannot pay off in January
  • Pay off more than the monthly minimum each month
  • Avoid late payment and over limit fees as these can be very expensive with some credit cards – pay a little towards your card each week and cover the monthly minimum in four installments and it will be a lot less painful and also those late payment fees won’t be charged

Enjoy the holiday season

A little planning can go a long way when it comes to Christmas spending. Put a plan in place, and if you need a Christmas credit card make sure you consider all options in your comparison. This way you can enjoy, rather than worry about the holiday season. About Shopping and Holiday Spending

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American Express Essential Credit Card
American Express Essential Credit Card

Interest rate

14.99

Annual fee

0
More info
ME Bank frank Credit Card
ME Bank frank Credit Card

Interest rate

11.99

Annual fee

0
More info
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

149
More info
ANZ First Visa Credit Card - Exclusive Offer
ANZ First Visa Credit Card - Exclusive Offer

Interest rate

19.74

Annual fee

30
More info
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Credit Cards Comparison

Rates last updated September 23rd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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