Only use a credit card cash advance when needed
Wednesday December 10, 2008
Withdrawing money straight from your credit card account is called a cash advance. With a normal cash advance, you will be charged interest straight away on the withdrawn amount, as no interest free period is applied. The interest rate for a cash advance can be rather high, as opposed to the low rate you receive on purchases.
According to the RBA, there has been an increase of over $130 million in cash advances as compared to the same time last year. Recent reports claim that Australians are withdrawing up to $1092 million a month in cash from their credit cards.
If you are considering a low rate credit card, remember to take a look at the cash advance interest rate as well. If you don't have the money in your everyday transaction bank account and need cash quickly, a cash advance could be what you need. If you must use your credit cards for a cash advance, being charged a low competitive cash advance rate will probably be in your best interests.
The Aussie MasterCard low rate credit card is one credit card that offers a competitively low cash advance rate. The Aussie credit card cash advance interest rate is 17.99%p.a.
The Aussie MasterCard credit card features:
- 11.99%p.a rate on purchases.
- 0% interest for the first six months with a balance transfer.
- Up to 55 days interest free.
- Low annual fee of $49.
- Safe online shopping with MasterCard SecureCode.
Apply for an Aussie MasterCard credit card today.
Compare credit cards and apply for credit cards today.
News Archive
2012
2010
2009
- December [5]
- November [8]
- October [10]
- September [9]
- August [14]
- July [10]
- June [9]
- May [3]
- April [9]
- March [9]
- February [13]
- January [15]
2008
- December [39]
- November [48]
- October [78]
- September [45]
- August [39]
- July [62]
- June [30]
- May [42]
- April [30]
- March [50]
- February [25]
- January [33]