Crush Your Credit Card And Save Money

When searching for the right credit card to get it can become very confusing as there are so many different terminologies that are used. Each provider likes to stand alone with their offer and therefore you need to be able to understand exactly what it is that is being offered when you read about a particular credit card.

Credit card providers have several different products on offer so when you have shortlisted a couple of cards you want to make sure that you fully understand what they are offering you, what you will be paying for and what it is about the card that will make your credit card use benefit your lifestyle.

Following are some of the more common terms used:

Low Rate Credit Card

A low rate credit card is a good card for first time users or those who are not so good with managing their money. Most offer 55 days interest free on purchases which means to receive the benefit of the card, you need to pay off that charge within 55 days of purchase. If you do not, that is when the low interest rate starts. Even though this is a low interest rate card it is still a good practice to pay off your card each month and start afresh with your spending. This way you won’t be paying interest each month. Usually the low rate credit card does have an annual fee starting from the date of the opening of the card.

55 day Credit Card

This card offers, like it suggests, 55 days interest free, but after that date the interest rate is quite high. The card has additional benefits of no annual fee for the first year and other benefits depending on the provider, which are all good if you pay off your card each month, but if you do not the high interest rate will be expensive.

Frequent Flyer Credit Card

The frequent flyer card is one that is designed to appeal to the person who spends a substantial amount of money on their credit card. For every dollar spent 1 frequent flyer point is accumulated and if the American Express option is taken up points are accumulated at a higher rate again. The cards have the option for additional card holders and this is suitable for couples or families. The appeal of the card is for the frequent traveller. The card usually offers 45 interest free days on purchases, but then after that time a quite high interest rate will be charged.

Student Credit Cards

Most banks tend to offer the student cards which are a low limit card which is a good idea for the first time credit card holder. The card often only has a limit of $500 and is intended for emergency rather than regular spending. If treated correctly it is a good way for a student to start building up a credit rating which will help when they enter the workforce.

Choosing a credit card to meet your personal needs is important, so research what is being offered and carefully consider how you will be using the card, before you sign up for one. If you are unsure about the situation but you still want to go ahead it would probably be best to choose a low rate credit card first and you can always change it to one with better benefits once you have managed to master the skill of avoiding interest and other charges related to credit card use.

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%