Archive for the ‘Aussie’ Category

Increase Your Credit Card Limit

Wednesday, May 13th, 2009

If you are looking to increase the credit limit on your credit card there are some easy steps you can take to make this happen. Most credit card providers offer you the option of either increasing your credit limit of reducing your limit. There are a few different ways you can inquire to make the change, you can go onto your credit card providers website and look for an application to change your limit, you can call them directly or you can go into your local branch to enquire about the proposed change.

In order to increase your credit card limit you will first of all have to meet the requirements of the providing agency. Most credit card providers have a certain income requirement for an increase in limit. They will also check your payment history and make a decision on whether you have been a responsible customer. Other requirements will vary, depending on the individual bank.

Aussie make it easy to increase your credit card limit, with providing an easy online process. The Aussie Mastercard offers credit limits ranging from $1000 to $15000. They will consider income and payment history before giving you a response within 5 days of the application. Want of learn more about the Aussie Mastercard?

Posted in Aussie, Credit Card Limits | 1 Comment »

Get a Better Credit Card

Friday, May 1st, 2009

The average Australian credit card debt has risen to roughly $3500 in 2009 making it on of the biggest household debts in Australia. During the credit crunch, families have been struggling to stay afloat, and are using credit cards make it through the month. Currently in Australia the total credit card debt is around 42 Billion dollars. The stat that is most amazing, is that the average amount Australians pay on credit card interest rates is around 19%. The fact that the average credit card interest rate is so high shows, that people are doing one of the following.

1. Unaware of the interest rate they are paying.
2. Not caring about the interest rate they are paying.
3. Unaware of lower interest rate credit cards.
4. Unaware of balance transfer offers.
5. Not shopping around for the best deal, before they sign for a card.

Currently in Australia there are many credit card deals, that offer an interest rate of between 10 and 12 percent. If you are the average Australian paying 19% then you may wish to consider making a change to a lower interest rate offer. Some credit cards, such as the St George Vertigo and Aussie Mastercard, offer a balance transfer rate of 0% for 6 months and 4.99% for 12 months respectively. It makes sense to take advantage of these balance transfer offers while you can, just as long as you are willing to cut the high interest rate card, after you have paid it off.

One reason credit card debt is so high, involves individuals not getting rid of the old, high interest credit card once they have transferred the amount to a new lower rate card. People are getting stuck with, two, three, sometimes four credit card repayments due to tough economic times and bad management of money. Balance transfer deals can work if properly executed, however you must be diligent and follow the rules to make it beneficial for you.

If you are one of the Australians experiencing difficulties with credit card debt, then check this Australian Government Website for debt help

Posted in Aussie, Balance Transfers, Low Interest, St George | No Comments »

Aussie Lower Credit Card Interest Rates

Friday, May 1st, 2009

Aussie Mastercard has set the pace again by lowering their interest rates to 11.49% on purchases, making the Aussie Mastercard one of the lowest interest rate credit cards in Australia. Aussie has been consistently in line with the reserve bank rate cuts, passing on the lower rates to Australians, unlike some of the major banks.

Along with the new low interest rate, Aussie has also cut the balance transfer rate by 1% to 4.99% for 12 months on transfers. Aussie also have a special introductory offer 0f 9.99% on purchases for 12 months, adding to the other great benefits this card has to offer.

Aussie have been the innovators, within the finance industry, since they arrived on the scene they have forced the big banks to come into line in order to compete with Aussie’s low rates and special offers. To view more information on the Aussie Mastercard click here.

Posted in Aussie, Credit Cards, Interest Rates, Low Interest | No Comments »