Credit Card Finder Featured in The Age – August 16, 2009
Posted October 19th, 2009
Credit Card Finder was featured on an article about balance transfer cards by the Age newspaper “Free yourself from plastic”. The article covered the need for Australians to assess their financial situation and counteract debt with a balance transfer card, preferably a 0% card to get on top of debt.
According to recent figures released in the article some 71 per cent of Aussies with a mortgage struggle to pay off their credit cards. Compared to this was the national average of 52 per cent which is still high enough.
With the recent interest rate hikes by the Reserve Bank we are only at the beginning of a long road up. This means rates will increase more and more leaving people already in debt in even bigger financial woes.
Our Prime Minister also had to share his pearls of wisdom, saying between “1996 and 2007 our credit card debt increased by 460 per cent.”
Whoa!
The 0% balance transfer card is certainly a ‘get out of jail free’ card if used correctly by the consumer. The problem is that less than 30 per cent of Australians who struggle with debt are aware of these balance transfer cards and what you don’t know you can’t utilise, right?
This is where we come into the picture because we consistently analyse the Australian credit card market to bring you the best deals with value for your money.
We don’t hold back and our tongue is occasionally very sharp.
If you want to consolidate your credit card debt you need to become a regular reader of our site to get the good, bad and ugly of credit cards.
To read the full scope of the article, visit the Age now.
Related posts:
- Credit Card Finder Releases Balance Transfer Calculator
- July 11th – The Best of the Week's Posts at Credit Card Finder
- Australians Using Credit Cards More – RBA Credit Card Statistics June 2009
- Australian Consumer Credit Card & Banking Survey 2009 – Report Results & Statistics
- May 2009: Recent Credit Card Interest Rate Cuts
Comparison of our Top Credit Card Offers
| Interest Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual Fee | Cash Advance Rate (p.a.) | |||
|---|---|---|---|---|---|---|
Citibank Clear Platinum Card | A low interest rate offer on balance transfers and purchases | 11.99% | 2.9% for 12 months | $99 | 21.74% |   |
St George Vertigo | An introductory offer on balance transfer and a low annual fee | 13.24% | 0.99% for 12 months | $55 | 21.49% | |
Virgin Flyer Credit Card | Earn 1 velocity point per $1 spent, plus an introductory offer on balance transfers | 20.99% | 1.9% for 9 months | $99 | 20.99% | |
Westpac 55 Day Credit Card | No annul fee for the first year with a low rate on balance transfers and purchases | 0% for 5 months (reverts to 19.59% ) | 3.99% for 6 months | $0 | 21.49% | |
ANZ Frequent Flyer | An exclusive bonus points offer, Plus extended warranty, overseas travel and medical insurance,90 day purchase security insurance. | 19.74% | $95 | 20.99% | |
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