How a low rate credit card can help you

Tuesday December 9, 2008

You will be charged interest if you don't pay off your owing balance during your credit card's interest free period. Check to see how much interest you're paying on your current credit card. If you feel it is too high, it might be time to balance transfer to a low rate credit card.

Two credit cards with great features are the Commonwealth Bank Low Rate credit card and the Citibank Clear credit card.

The Commonwealth Bank Low Rate credit card features:

  • Balance transfer rate of 5.99%p.a for the first five months.
  • A low purchase rate of 12.64%p.a.
  • Up to 55 days interest free.
  • Low annual fee of just $48.
  • The Commonwealth Bank offers an insurance option, CreditCard Plus. In certain circumstances, CreditCard Plus can assist you in covering your repayments.
  • Additional cards are available.
  • A competitive interest rate for cash advances - just 19.99%p.a.
  • As a MasterCard, you have global access in over 24 million locations and can use the MasterCard security system, SecureCode, to help protect you while shopping online.

Apply for the Commonwealth Bank Low Rate credit card.

The Citibank Clear low rate credit card features:

  • 0%p.a for the first six months with balance transfers.
  • 12.49%p.a interest rate.
  • Up to 55 days interest free.
  • Up to four additional cards.
  • Competitive annual fee of $65.
  • Access to Visa Entertainment Benefits and Citibank World Privileges.

Apply for the Citibank Clear credit card online today.

Remember that a balance transfer deal only applies to the transferred balance, not any purchases you make.

Compare credit cards.


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