What’s Your Credit Card Personality?
Posted February 23rd, 2010 and last modified February 6th, 2012Not everyone uses credit cards the same way, as we all have very different spending needs and financial situations. The best credit card for one person might just be the worst credit card for someone else. So how do you know if the St.George Vertigo MasterCard is right for you?
Is the St.George Vertigo MasterCard Right for Your Credit Card Personality?
Figuring out what type of credit card personality you have and then trying to match the right credit card to your needs can be difficult if you don’t know what you’re searching for.
Commercial advertising can be deceptive. Clients may see a really low interest rate advertised on one credit card account and immediately want to apply for one. What these people often forget is that some low interest rate deals only apply to certain types of accounts.
The best credit card for one person might just be the worst credit card for someone else. This is because we all have individual financial circumstances that lead to very different spending patterns. So before you rush out to apply for what looks like a low interest rate, take some time to consider your own credit card personality.
Some banks only offer low interest rates to customers who spend more than $3,000 on their card each month, otherwise they could be hit hard with penalties. Other banks charge high annual fees, whether you use your card frequently or not. There are also cards that might look like they have a low introductory rate, but once it expires, you end up paying more than you should on the standard rate.
What’s Your Credit Card Personality?
Financial experts suggest that there are four primary types of credit card personality: Big Spenders, Habitual Spenders, Occasional Spenders and Every-Day Spenders.
Big Spenders – Big spenders are those people who regularly spend high amounts of money on their credit cards each month. They tend to pay down the balance each month so they can continue to purchase things and pay bills next month too. A card with a good Rewards System would be good for this type of credit card personality, along with an offer of interest-free days.
Habitual Spenders – These are credit card users who purchase items using their credit card, but don’t usually clear their balance regularly. As they tend to carry a balance from month to month, it’s important to seek a credit card that offers the lowest possible rates and fees, such as the St.George Vertigo MasterCard.
Best Habitual Spender Credit Card*
The St. George Vertigo MasterCard offer has re-launched, now featuring 2.99% for up to 6 months on both purchases and balance transfers, combined with a standard purchase interest rate at the end of 6 months of just 11.74%. The St. George Vertigo is an excellent card to consider from one of Australian most respected banks.
- $55 annual fee
- 13.24% p.a. on purchases
- 0.99% p.a. for 12 months on balance transfers
- Cash Advance Rate of 21.49% p.a.
- 55 days interest free
- Minimum Income Requirement of $15,000 p.a.
- 2.99% on purchases for first 6 months
Canstar Cannex has rated the St.George Vertigo MasterCard as being a great option for the Habitual Spender personality type, as it offers low rates, low fees and plenty of benefits.
Occasional Spenders – These people only use their credit cards for online purchases or in emergencies, so looking for a credit card with low annual fees and an offer of interest free days will suit them.
Every-Day Spenders – These are often mum-and-dad type spenders, paying for fuel and groceries on their credit cards. They would benefit from a card offering a Rewards Program, but should also seek out competitive fees and charges.
Cannex compares them all and makes it easy for consumers to find the right type of card to suit their credit card spending style. The key to finding the right credit card for you is to assess your own spending style and then compare different credit cards that could potentially suit your style.
To check if the St.George Vertigo MasterCard is right for your credit card personality, take some time to compare the features and benefits offered in this low rate card and see if it suits your spending style
Click here to find out if the St.George Vertigo suits you
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 |
$0 annual fee Up to 10,000 Bonus QFF Points |
0% p.a. for 6 months on purchases & balance transfers |
|
|
|
|
Subscribe to our newsletter and get "The Ultimate Guide to Balance Transfers"
If You Like This Post...
Get all the latest deals, guides and loopholes go in Credit Card Finder's free bi-monthly email. Don't miss out - join the thousands who get it emailed!
Ask A Question