Frequently Asked Questions

Question: How Does a Balance Transfer Work?

Answer: Balance transfer offers give you the option of transferring your balance on your current credit card to a new lower interest credit card, with a grace period in which the interest rate can range from 0% to 5.99%. For example, the St George Vertigo offers a 6 month balance transfer with an interest rate of 0%, this means that if you transferred your current credit card to a new St George Vertigo you would have 6 months to pay off your current balance with 0% interest. After the 6 month period the interest rate will revert to the normal Vertigo rate, that is currently 11.39%.

Question: Who Can Apply for a Credit Card?

Answer: In order to apply for a credit card in Australia there are some criteria that you have to meet. These criteria include an age requirement of at least 18 years old, Australian resident, a minimum income varying on the type of credit card and a good credit history.

Question: Is It Safe to Apply for a Credit Card Online?

Answer: The major banks in Australia have invested millions of dollars into security to protect your private information online. The new online sign up pages are more secure than ever, making it quick and easy to apply for your credit card online. For the full information on the online application form be sure to read the banks disclaimer, that is provided before you sign up

Question: What is the Lowest Interest Rate Credit Card?

Answer: Credit card interest rates vary depending on the economic climate. Currently in 2009 the lowest credit card interest rates are starting in the 10% range. The St George Vertigo is currently offering its St George Vertigo credit card at 11.39% (current as of 21/2/2009). If you are paying over 15% for a credit card with no rewards program, then you are paying too much. Compare and shop around and you can find a low interest credit card that suites your needs.

Question: What is the Best Rewards Credit Card?

Answer: The best rewards credit card allows you to redeem your points for something you need or use often. For example, if you shop a Woolworth's then you can receive points for buying Woolworth's products, with the Everyday Money Card you can receive a shopping card every 4 months, that you can spend at any Woolworth's or partner stores.