The Importance of Credit Card Revision

In order to keep a track of how much you spend, and how much you can spend, you’ll need to implement a solid credit card strategy. To do this, you’ll need to know your terms & conditions like the back of your hand.

Credit card providers have the right to alter their product feature and terms & conditions at any time they see fit.”š  While you may have devised the perfect budget to abide by at the present, it may very well become obselete in a matter of weeks when a change is made.

For this reason, while it’s essential to budget accordingly with your card, it’s even more important to be informed of whether your bank has (or plans to) change anything on your card.

Expiring Introductory Offers

While this shouldn’t come as a complete surprise, it can occasionally catch you off guard when you’re preoccupied with life other issues. Next time you are approved for a credit card which offers an promotional period such as “0% p.a interest until March” for instance, set a couple of reminders on your phone or any electronic device with an alarm and calender on it in late February to remind yourself not to make any purchases. The same sort of reminders should be set weeks prior before a balance transfer expiry.

Rates and Fees

If you’re one who likes to manage their credit down to its last cent, be wary that:

• Interest rates tend to change at least a couple of times a year. Whenever the RBA makes an official rate cut or increase, expect your financial provider to reflect the change in the next coming weeks. In times of economic uncertainty interest rates will be low, and vice versa.
• You may be frustrated at a rise, or pleasantly surprised by a cut!
• While not as common, annual, late payment, duplicate statement and over-the-limit fees are also subject to change at anytime, for whatever reason.
• Your bank may take the courtesy to inform you of a change, but they aren’t obliged to. You’ll need to take the responsibility into your own hands to read over the terms & conditions of your card every month or two.
• The less you use your card, the less relevance and importance a change in your card will yield. Likewise, a frequent user may be heavily hit by a fee or rate rise.

If you’d like to sit back and relax with your credit card features, take comfort in knowing that the Aussie MasterCard is offering a fixed 2.99% p.a rate on purchases for 6 months when you apply before January 31th 2010.

Click here to be redirected to the official Aussie MasterCard offer

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%