Do I Need to Get A Credit Card?

Should I get a low interest credit card?

It really depends on your own financial situation as to the type of card that is right for you. As far as low interest credit cards go, the St.George Vertigo is one of the most competitive offers available. If you are looking to get a card with a low interest rate on purchases, a low annual fee, and the option to transfer your existing credit cards, the Vertigo should be a card you include in your research and comparison.

• $0 p.a. annual fee for the first year ($55 p.a. thereafter) annual fee
• 13.24% p.a. on purchases
• 2.99% p.a. for 6 months on balance transfers
• Cash Advance Rate of 21.49% p.a.
• 55 days interest free

Read the St.George Vertigo terms and conditions.

Reasons to have a credit card

You may be wondering, do I need a credit card? The answer to that question varies from person to person. In general, it is a good idea to have a credit card for emergency purposes if nothing else. Here we will look at several reasons why having a credit card is a good thing.

• Business owners – If you own your own business, having a credit card is extremely beneficial. With the use of your business credit card, you can keep your personal and business expenses completely separate. This takes away any issue with having to use your personal finances for your business. It makes it easy to purchase goods and services in the name of the business as well.
• No more cash – You need to consider the issue of cash when asking do I need a credit card? One thing you want to consider if you do not have a credit card is that you will have to carry cash with you at all times. While for some this may not be a huge issue, for others it is. Carrying cash can be dangerous as thieves prey on people who carry cash. It is also cumbersome to carry around in your wallet, where a thin credit card takes up no space, cash takes up a ton of it.
• Ability to purchase online - If you are asking, do I need a credit card? Ask yourself this, do you shop online? If your answer is yes, then you probably want a credit card. You cannot shop online with cash, the only way to make a purchase online is with a credit card. Online shopping is one of the most popular ways to shop, and a great way to save money so having that purchasing power with a credit card is a great benefit.
• Interest free days - With a credit card, you can make a purchase and have the ability to pay it off before interest hits. This is almost as good as shopping with cash as you are only really paying for the purchase amount of what you bought and nothing extra.
• Rewards programs - For people who love to travel, having a credit card can be very rewarding. Many credit card companies offer rewards programs so you can earn points for each dollar you spend. These points can be redeemed on things such as travel, airfare or even on your favourite retailer.

So to answer your question, yes it is probably a good idea to have a credit card as there are many benefits to having one, as long as you handle it wisely.

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Credit card offers:

HSBC Credit Card	Bankwest Zero Platinum Credit Card	Virgin Flyer Credit Card	ANZ Low Rate
0% p.a. for 6 months on balance transfers & no annual fee	0% p.a. for 9 months on balance transfers & platinum benefits	0% p.a. for 8 months on balances transfers & reward points	0% p.a. for 9 months on balance transfers & low rate

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Credit Cards Comparison

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			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	ANZ Low Rate	A low rate on purchases, balance transfer and a low annual fee.	13.14% p.a.	0% p.a. for 9 months	$58 p.a.	21.49% p.a.
	HSBC Credit Card	No annual fee for the life of the credit card. Plus a low balance transfer offer.	17.99% p.a.	0% p.a. for 6 months	$0 p.a.	21.99% p.a.
	Bankwest Zero Platinum MasterCard	Exclusive Offer to Credit Card Finder. No annual fee credit card with platinum benefits.	17.99% p.a.	0% p.a. for 9 months	$0 p.a.	21.99% p.a.
	Commonwealth Bank Low Rate Credit Card	A low interest rate offer on purchases and balance transfers.	0% p.a. for 5 months (reverts to 12.99% p.a.)	5.99% p.a. for 5 months	$78 p.a. ($48 for qualifying customers)	21.24% p.a.
	ANZ Platinum Credit Card	No annual fee for the first year and a balance transfer offer.	19.39% p.a.	0% p.a. for 9 months	$0 p.a. annual fee for the first year ($87 p.a. thereafter)	20.99% p.a.

* 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.