Low Interest Cash Advances

November 12 2008

Looking for a credit card that has a low interest rate on cash advances? At the moment there are a few credit cards in Australia that give you this option. Low cash advance rate credit cards give you a lower interest rate when you withdraw money directly from your credit card balance. Traditionally the interest rate for withdrawing cash from your credit card has been very high, however such credit cards as the Aussie Mastercard and St George Starts Low Stays Low.

The St George Starts Low Stays Low credit card comes with one of the lowest cash advance rates in Australia. At 12.99 percent on purchases and cash advances this St George credit card is unique because of its low interest rate on cash advances. Having a cash advance rate as low as this gives you more flexibility with your credit card, giving you the option of using your card at an ATM and not having to worry about excess interest repayments. The St George Starts Low Stays Low also gives you the option of 4 cool colours to choose from giving you a fashion credit card that will be the envy of all your friends.

The Aussie Mastercard gives you a low rate on cash advances with an offer of 17.99 percent. The interest rate on cash advances is 11.99 percent, plus Aussie gives you a low annual fee of $49 per annum. Considering most cash advance interest rates are over 20 percent the going rate from Aussie makes this one of the best cash advance credit cards in Australia. Aussie are also offering a zero percent for six months on balance transfers so you can transfer the balance of your old credit card to a new low rate credit card by Aussie.

Low cash advance credit cards are not for everybody, however if you use your credit card responsibly and would like the flexibility of a card that lets you use an ATM without over priced interest rates then maybe one of the credit cards mentioned above is for you.