Who are St.George?
St.George is one of the biggest banks in the Australian financial market. They have services that cater to the needs of personal, business and corporate customers. Their product range is very comprehensive and offers regular accounts, insurance and a wide range of loans.
In addition to these services, St.George offers the No Annual Fee credit card. The No Annual Fee credit card is designed to help customers maximise their credit card related savings. It could be a card for people that are financially responsible and for people who do not expect to use their credit card very often.
Rates and fees
Since this credit card is a no annual fee card, the annual fee is obviously $0 p.a.. This is a great deal of savings for you, as some annual fees on credit cards can be rather high.
- For both purchases and for cash advances the interest rate is 20.49% p.a.
- If you choose to use your card while you are travelling overseas, a rate of 3% will apply for foreign currency transactions. This is applicable for both purchases and for ATM transactions.
- In the event that your credit card balance is paid late or is missed entirely, you will have to pay a late payment fee of $9. In addition to this, if you choose to pay your balance via automatic payment and the payment is dishonoured, you will be charged $9 per dishonoured payment.
- If a transaction is processed for an amount that exceeds your available credit, you will be charged an over limit fee of $9.
In addition to this, if you lose your credit card, you will be able to receive a replacement, but depending on the circumstances, the fee for this will vary. If you are within Australia and require a card, the fee is $15 per card. If you are outside Australia and require a card, the fee is $52.50 per card. If you require a card for emergency use or need an urgent replacement, the fee is $45.
If you need to have access to an additional copy of your statement and request a copy by telephone banking or with the online banking service, there will be a fee of $7.50.
If you would like to add more card users to your account, you can do so for no extra charge. Under this credit card account, you can add up to 3 extra card holders for free. This is very useful in the event that you want your spouse or child to have a credit card for emergency use. They will have access to the low fees and security that you enjoy.
This card does not have any reward programs or benefits, but that does not mean that it cannot benefit you in any way. Because the credit card does not carry an annual fee, if you are able to pay your balance off in full and on time, you will essentially have access to a credit card with no fees. This is because you will not be incurring any late fees or interest charges.
This card could be perfect for customers who want to have access to a credit card but maybe will not use it very frequently. It is also an option for customers who are certain that they will pay their balance on time and in full every month.
For users who want access to a credit card for emergency purposes, this credit card gives you the option of choosing a very low credit limit. The limit for this card can be as low as $500 – which could be perfect for the infrequent card user.
A lower credit limit can have a lot of benefits. Primarily, since you have less money at your disposal, you will be less tempted to go out and spend large sums of money using your credit card. Also, in the event that your credit card becomes compromised and you are the victim of credit card fraud, there will be less money for the criminals to have access to.
This credit card is operated by Visa, you will be able to make purchases online in a safe and secure way. Visa offer their customers the Verified by Visa program. Websites that have these programs are more secure than sites that do not. Even though these measures are in place, it is important that you are careful when you make purchases online.
To protect you against fraud, this credit card protects customers with the 24 hour Falcon monitoring service. This service monitors all of the transactions that you make with your credit card. In the event of a suspicious or fraudulent transaction, you will be contacted and measures will be taken to ensure that any criminal behaviour cannot continue with your card. This service offers you peace of mind, as it ensures that the transactions that occur on your account are legitimate.
Why choose this card?
There are a few reasons why this card could be beneficial for you. If you are a person who wants a credit card for emergency use and does not intend to use the card frequently, then this card could be a great fit. This is primarily due to the absence of an annual fee, so you will not have to pay anything to have the card. In the event that you need to use it to pay for any unexpected bills, then the card will be there for you to use.
If you are a person that pays their credit card balance on time and in full, then this card could fit your needs too. There is no annual fee and because you will not incur any interest from late fees.
The low fees for this card make it suitable for infrequent credit card users and for financially responsible individuals. The amount of money you will be able to save from not having an annual fee or any interest will be substantial.
How to apply
You need to provide the following;
- Existing credit card details
- Personal details (drivers license)
- Contact details
- Employment details (weekly income after tax)
- Financial details (details of assets, savings or investments)
If you are self-employed, you will also need to provide recent tax information.