Aussie shakes up Australia’s Credit Card market
Aussie Home Loans, better known as the home loan broker that smashed the bank-controlled home mortgage market, is set to repeat its success- this time with the credit card market.
The aggressive pricing and top levels of service that marked their rapid rise in home mortgages are being applied to their new credit card operations.
Aussie is very keen to win your credit card business with their Aussie MasterCard. The Aussie MasterCard is accepted world-wide and allows up to 55 days interest-free on purchases. Their standard interest rate on new purchases is currently a very attractive 11.49% per annum.
However, to get you seriously consider changing to their Aussie MasterCard, interest on Aussie MasterCard purchases made during the first 12 months will reduce to just 9.99% per annum before it revert to their prevailing standard rate.
If that’s not sufficient to win you over, they have another carrot!
If you decide to change and transfer the balance of your non-Aussie credit card or store car to Aussie, you will be charged only 5.99%* per annum on the amount transferred for 12 months following approval. Thereafter, interest reverts to their standard (very competitive) interest rate.
You can save approximately $100 to $150 per annum per $1,000 outstanding with this deal – so it is really worthwhile!
Make sure you don’t miss out on this special promotional package.
Aussie’s original interest rate on balance transfers was 4.99%. The latest offers expire on 15 July 2009 so there’s just a short time left before current promotional package is scheduled to expire. While it appears that Aussie is extending their balance transfer offer on a month-by–month basis, there is not assurance that the offer will continue at its current rate – or at all.
While other financial groups are presently offering zero interest for the first six months, the saving when compared with Aussie’s balance transfer interest rate, is only worth about $25 per $1,000 transferred. That’s not much and will be quickly lost once the interest rate differentials are taken into account.
Other providers you may be interested in:
Check out the facts and make sure you submit your credit card application as soon as possible. You can complete and submit your credit card application online by clicking on the apply now button for your chosen card.