Browsing New South Wales » Credit Cards » Low Interest Credit Cards
Related Categories: Credit Cards, 0% Balance Transfer Credit Cards, 0% Purchase Credit Cards, Balance Tranfer Credit Cards, Business Credit Cards, Frequent Flyer Credit Cards, Gold Credit Cards, Platinum Credit Cards, No Annual Fee Credit Cards, Rewards Credit Cards
When it comes to finding the right low interest credit card Australians need, the trick is to go through all the offers until they find one that best suits their needs. A low interest credit card however does exist and is being offered to Australians who want to save money on the balance that they have built up on their card.
But what exactly is a low interest credit card and just what are the benefits and pitfalls to having it as part of your finances?
Essentially, a low interest credit card is exactly what it says it is, a credit card that charges a lower amount of interest than a standard credit card. The exact interest rate charged will vary depending on the company that issued the card, but for the most part they offer a very low rate as compared to standard issue credit cards.
For many, having a very low interest rate will offer certain advantages that may be quite attractive. However, these advantages may also be paired with certain issues that could be difficult to work into your overall budget.
Low Interest Rate: The most obvious advantage is also what the card itself is named after. A lower interest rate means that you pay less each month on the balance that is carried over. Depending on how long the low interest rate lasts, you may save hundreds of dollars or more.
Transfer: A low interest rate card is an excellent resource to transfer the balance from your higher interest rate cards so that you can save money. You will not only pay a lower interest rate, you will also get rid of excess credit cards in the process.
However, while the advantages of paying a lower interest rate really stand out, there are some considerations you will need to make as well. This is especially true if you are trying to transfer balances over from other cards.
Time Limit: In many cases, the lower interest rate will not last for very long. This is especially true if it is part of an introductory rate that lures you into owning the card. This means that if you were planning on transferring the balance or paying for particular items, you will only have a certain period of time before the lower interest rate goes away.
Fewer Rewards: Generally speaking, lower interest credit cards Australians use have little to no other rewards or other incentives that come with the card itself. This may not be all that bad considering that you are saving money each and every time you use the card, but if you were interested in particular rewards such as frequent flyer miles you will be missing out.
Overall, having a lower interest credit card can save you a considerable amount of money although they often have stricter rules about balances that carry over. So, while you will need to be more careful, the potential savings makes this the type of card that you want to carry in your wallet.
201 Sussex Street.
Tower 1
Sydney, New South Wales 2000
Australia
Commonwealth Bank of Australia is one of the largest banks in Australia, forming one of the top four banks of the country - CBA
492 Olive Street
Albury, New South Wales 2640
Australia
Primarily catering to the customers in Southern New South Wales and North Eastern Victoria, Hume Bank Limited has a strong hold in providing excellent
50 Martin Place
Sydney, New South Wales 2000
Australia
Macquarie Bank Limited is the largest investment bank in Australia, and also one of the top merger and acquisition advisers in the country.
25 Pelican Street
Surry Hills, New South Wales 2010
Australia
Police Bank loans with flexible terms and fast approvals, internet banking, mobile banking, telephone banking, police bank salary packaging/leasing,
201 Elizabeth Street
Level 25
Sydney, New South Wales 2000
Australia
G&C Mutual Bank (SGE Mutual Limited) offers Home Loans, Personal Loans, Credit Cards, Insurance and more peronal finance products.
219-223 Castlereagh St
Sydney, New South Wales 2000
Australia
Bank of Sydney offers a wide range of general banking products and services and pouts great emphasis on providing products that are customized to meet
2 Park Street
Citigroup Centre
Sydney, New South Wales 2000
Australia
Global Consumer Group – This group consist of Citibank and Diners Club brands combined offering consumer banking services, including transaction and
2 Chifley Square
Sydney, New South Wales 2000
Australia
Agricultural Bank of China Sydney Branch got its license to carry out banking business from the Australian Prudential Regulation Authority on 25th
455 George Street
Queen Victoria Building
Sydney, New South Wales 2000
Australia
Citibank is the largest issuer of credit cards in the world, but offers a number of other services to their customers, including saving accounts, term
39 Montague Street
North Wollongong, New South Wales 2500
Australia
Easy Plan Financial Services is a Wollongong based financial consulting company with years of experience in the local finance market.
217 Clarence Street
Level 7
Sydney, New South Wales 2000
Australia
Collie Miners Credit Union Ltd is a member owned cooperative
38-40 Young Street
Wollongong, New South Wales 2500
Australia
Based in Wollongong, Australia, Community Alliance Credit
Level 4, 2-12 Macquarie St
Parramatta, New South Wales 2000
Australia
AMP Bank Limited is an Australian financial institution that
10/833 Collins St
ANZ Centre
Melbourne, Victoria 3000
Australia
Australia and New Zealand Banking Group Limited, also known
16–20 Barolin St
Bundaberg, Queensland 4670
Australia
Auswide Bank Ltd, formerly known as Wide Bay Australia has
219-223 Castlereagh St
Sydney, New South Wales 2000
Australia
Bank of Sydney offers a wide range of general banking
(1259 Finance Enquiries since 12-06-2015 01:00PM)
85 Castlereagh St
Sydney, New South Wales 2000
Australia
JP Morgan Bank in Australia and New Zealand was launched as
(1678 Finance Enquiries since 22-11-2015 09:29AM)
88 Phillip Street
Sydney, New South Wales 2000
Australia
Established in Australia in 1988, the Royal Bank of Scotland
(5171 Finance Enquiries since 22-02-2016 09:39AM)
222 High Street
Kew, Victoria 3101
Australia
BankMecu banking products include home loans, car loans,
(8987 Finance Enquiries since 04-05-2015 01:08PM)
88 Phillip Street
Level 31
Sydney, New South Wales 2000
Australia
China Construction Bank Corporation is one of the China’s
(922 Finance Enquiries since 14-07-2015 10:48AM)