You can still use credit cards

Wednesday December 3, 2008

With all the economic drama of the past few months, lots of people have stopped using their credit cards. Unfortunately, this doesn't necessarily mean they're paying off their debt.

A balance transfer to a low rate credit card might be able to help. By transferring to a low rate credit card, you don't have to miss out on the Christmas bargains. But to keep your debt to a minimum, you must use your low rate credit card carefully.

If you make a purchase, it's important to decide if you can pay it off within the next few weeks. Many credit cards offer interest free periods. These periods vary in length, with some offering up to 55 days interest free. If you repay your owing balance within this interest free period, you will only pay for your purchase and nothing else.

If you are unable to pay off your balance within the interest free period, a low rate credit card will only be charging you a small amount of interest.

The Aussie MasterCard credit card offers a low rate of just 11.99%p.a. on purchases. This low rate credit card also has up to 55 days interest free, giving you the opportunity to repay your balance and not pay interest, thus potentially saving you money.

The Aussie MasterCard low rate credit card features:

• A low annual fee of $49.
• Competitive cash advance interest rate.
• Balance transfers are available.
• Safe online shopping with MasterCard SecureCode.

If you apply now, you won't have to pay any interest on purchases for the first 6 months. Take advantage of this limited time offer now as it is only available until 19 December 2008.

Apply online for the Aussie MasterCard low rate credit card and receive a response in just 60 seconds.

Take a look at our best credit cards.

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