Wizard Finance

Table of Contents: Guide to Wizard

• Wizard Personal Loans
• Wizard Car Loans
• Who are Wizard?
• Comparing the credit cards
• How to manage your credit card
• Specific charges
• Questions answered

Wizard have recently been part of an acquisition by Aussie, and their products will either soon cease to exist, or be available under the 'Aussie' brand.

This page will be updated when new products are available.

Wizard Personal Loans

Personal Loan	Details	Min Interest Rate (p.a.)	Min Comparison Rate (p.a.)	Min Loan Amount	Min Loan Terms	Apply fee
Wizard Personal Loans	Wizard Personal Loans would like to help, whether you're in for a hard earned break, or looking for a hand to tie up those loose ends.	14.24%	15.04%	$5000	1 Yr	$195*

Wizard Car Loans

Car Loan	Details	Min Interest Rate (p.a.)	Min Comparison Rate (p.a.)	Min Loan Amount	Min Loan Terms	Apply fee
Wizard Car Loans	Wizard Car Loans offers the lowest interest rate, however come with a relatively hefty $499.95 application fee.	9.95%	12.50%	$10000	1 Yr	$500

Who are Wizard?

Wizard are one of the first non-bank lenders in Australia to challenge the monopoly held by Australian banks.

They offer fairly competitive rates on their products as a result. They have recently be acquired by Aussie.

Comparing the credit cards

The first card we will look at is the Wizard credit card, specifically the Wizard Clear Advantage credit card. The benefits of this specific credit card are:

• $0 Annual fee, for the life of the card
• 19.49% on purchases and cash advances
• International transaction fees are waived
• Cash advances are not charged a fee
• Pay no interest on purchases for 55 days
• Balance transfers receive a 4.99% interest rate for six months
• Ability to apply online with an instant decision

This Wizard credit card is a wonderful credit card to open and has an extremely easy process for applying. If you do not have access to the Internet, you can always fill out a paper application and mail it to Wizard directly.

How to manage your credit card

Managing your Wizard Clear Advantage credit card is extremely easy, especially with the information Wizard provides to all of their cardholders. Here are a few things you need to be aware of with Wizard credit cards.

• All your spending, payments and charges can be tracked online or via the telephone
• If you have changes in your financial situation, you can always contact Wizard about the credit limit you have established. There may be times you need more credit and times less is necessary.

Fees can be charged on your Wizard credit card, but there are ways to avoid them. You always want to pay your credit card on time, and try to pay more than the minimum each month. You can avoid fees charged for going over your limit by being diligent about checking your balance. Stop spending on your credit card if you see you are getting close to your limit. The easiest way to make a payment on your credit card is online. If you send in a cheque, remember, this can take several days to process. Always send your cheque in with sufficient time to get to the location.

Specific charges

The Wizard Clear Advantage credit card charges fees just like any other credit card. Here are a few of them that you should be aware of, including the amount and an explanation of what they are.

• 55 Days with free interest
• APR of 19.49% - This is the fee you will pay on all purchases and charges
• $10 Cheque Dishonour Charge - This is the fee that is charged if your cheque is returned by the bank
• $1.50 Australian Post - The fee that is charged if you make a payment at the Australian Post
• $2.50 Debit Dishonour charge - If you make a payment through direct debit and it is rejected, this is the fee you are charged
• $35 Over the limit charge - If you go over the limit on your wizard credit card this is the fee you are charged
• $35 Late payment charge - When you make payments late, this is the fee you will be charged
• $30 Charge for tracing - If you happen to move and do not let Wizard know and they have to trace where you are, this is the fee you will be charged
• $7 Statement reprint - If for any reason you need to reprint one of your wizard credit cards statements, this is the fee you will be charged
• $7 Retrieval of voucher - If you believe a charge is invalid and you need a copy of the receipt this is the charge. If the charge was not made by you, this fee will be waived.

Questions answered

When opening a new credit card, there are always questions you may have. Here we will take a look at some of the most common questions and answer them as best we can.

How can I do credit card activation?

Your new credit card can be activated simply by calling the phone number on the front of the credit card. Once it is activated, it is ready to use.

How do I apply?

Applying for Wizard credit cards is easy. You can either apply online or through the mail.

How long does the application process take?

If you apply online, you can be approved almost instantly. There may be times where more information is needed. In these cases, it can take 7-10 business days to receive an answer.

If you apply by mail, you may receive an answer in 10 business days.

When will I get my card?

Regardless of if you applied by mail or online, your new card will arrive in about 10 business days if you have been approved.

How do I find out where my application is?

You can always call Wizard directly to find out where your application is in the approval process.

What is the approval process?

As with all other credit card companies, Wizard does a credit check to verify your information and to see if you are eligible for the credit card. If for some reason you are declined, you will receive written notice as to why and who to contact to get more information.

Can the credit card be linked to my mortgage?

Unfortunately, no, you are not able to link the two.

How will you establish my credit limit?

Your credit limit is established based on the information you give us in your application. If you are approved, we will let you know what your credit limit is via the package your receive from us with your credit card.

What is the balance transfer rate and how long does it last?

Currently, Wizard is offering 4.99% on balance transfers for six months. Once the six months is up, any balance remaining will revert to the standard interest rate of 19.49%.

How much can I transfer?

You will have the ability to transfer any amount up to your credit limit. The minimum balance transfer is $100.

What about cash withdrawals?

You will have the ability to withdraw cash with your Wizard credit card. Depending on your credit limit, you can withdraw up to $1,000 each day at an ATM. If you go into a bank, you can withdraw up to $3,000 per day. You will want to make sure you have enough available credit before doing any sort of cash withdrawal.

How do I establish a pin?

In most cases, a PIN number is needed to get cash at an ATM with your Wizard credit card. You can also use your credit card with a PIN when making purchases. It is easy to establish your PIN by calling Wizard directly. Wizard will automatically establish a PIN for you, but if this is to difficult for you to remember, you can always establish one that is easier to remember. Never write your PIN on your credit card and keep it in a safe place where no one can get a hold of it.

What if I want to add another cardholder?

Adding an additional cardholder is easy. You can add family members or friends as additional cardholders, up to 9 people in total. Simply contact Wizard with the information for who you want added. As the primary cardholder, you will be able to look at all their transactions to keep an eye on what they are spending.

How do I make a payment?

You can make a payment online, in person at an Australian post or by cheque via at the mail. Make sure you know all the charges for each payment method as well as any late fees that will be charged if you do not make at least the minimum payment on time.

What about international travel and the fees associated with it?

Your Wizard Clear Advantage credit card is accepted almost anywhere in the world. The Wizard credit card will not charge international fees, such as ATM or purchase fees. You can feel safe using your credit card internationally.

What is so great about the Wizard Clear Advantage credit card?

Wizard offers a great interest rate on purchases as well as on balance transfers. You will find that most credit cards also charge fees for international transactions, Wizard does not.

As you can see, having a Wizard Clear Advantage credit card has it's advantages. It is one of the most popular credit cards in Australia, and for good reason. You can always feel safe travelling with your Wizard credit card knowing you will not be charged any fees to use it.

The interest rate is very reasonable for a credit card with great balance transfer offers. With a top notch online website, applying for the credit card is very easy. You will also find it easy to make payments via the Internet as well as manage your account.

Your entire account information will show up once you access the online system. You will be able to track all your purchases, as well as those made by another cardholder. It will be extremely easy to manage your account to make sure there are no fraudulent charges. You can always ensure you are on track with your payments and credit limit by checking your online account frequently.

So, you really can not go wrong with a Wizard Clear Advantage credit card. You need to make the right decision for you when it comes to credit cards, but really, Wizard Clear Advantage is one of the best choices you can make. You will be extremely happy with your credit card and all it has to offer.

After having your Wizard Clear Advantage credit card for a while, you will never use another credit card and will refer your friends to Wizard so they can also take advantage of one of the best credit cards available to consumers.

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• Wizard Clear Advantage MasterCard
  

  A Wizard Clear Advantage MasterCard takes the guesswork out of credit card ownership. There are no sneaky fees or confusing interest rates. One standard interest rate and no annual fees makes your budget easy to manage.

Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	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%
	American Express Qantas Discovery Card	Earn Qantas Frequent Flyer points, plus take advantage of the no annual fee offer.	20.74%		$0	20.74%