Our Credit Card Blog provides you with the latest news and articles on Australia's current financial situation and credit card tips.
Whether it is your first credit card or your fifth, choosing a new card can be a time-consuming and difficult process. First there are the cards you would like to have – those dream options that may combine features like low interest rates and rewards, without any annual fees – often only found in the form of introductory offers.
With so many different kinds of credit cards available, it is often hard to know exactly what each option represents. The term “silver credit card” may have come up in articles or comparisons, but these days it is hard to find a solid definition. That’s because these credit cards are now few and far between.
While remembering to pay your balance can be a struggle for many people, NAB has made it easier for their cardholders through a convenient reminder service. Anyone who has registered their NAB credit card for internet banking gets access to a range of convenient organisational features including the NAB Alerts service.
Credit cards may offer you more financial freedom, but how much you get depends on the limit assigned once you have been approved for a card. The credit limit is like a budget for your card, allowing you to carry a balance up to that amount and adjusting what you can spend on the card accordingly.
While all credit cards offer convenient financing options, their real value lies with the individual benefits they provide. These days, credit cards come with a range of ongoing features and complimentary extras that can save people a lot of money and time.
More and more credit cards are issued every year but there is still no such thing as guaranteed approval when it comes to card applications. But there are certain credit cards that will increase your chances of getting a credit card, whether you are new to credit or dealing with a bad credit history.
Rewards are one of the fastest-growing credit card options, with more and more people looking for benefits from their plastic.
While the minimum age for getting a credit card in Australia is usually 18, many people who meet this requirement could still find it hard to get an application approved.
The Woolworths credit card range gives people a chance to earn frequent flyer points or save on shopping but like any rewards card there are conditions that affect how many points you earn per purchase. These credit cards give you the chance to earn points at a rate of three Everyday Rewards per $1 with the Everyday Money credit card and one Frequent Flyer point per $1 for the Woolworths’s Qantas credit card. Both of these rewards cards, however, favour Woolworths Group stores and to give you an idea of how the purchase points work, here is a breakdown for each of these cards.
Comparing credit cards and finding one that you like may be the first step towards a good relationship with plastic, but the successful application is what makes all the difference. Most people fill out thousands of forms in their life and it often feels like once you have done one, you have done them all. The difference with credit card applications lies in the assessment process used by different card issuers.