Aussie was launched in 1992 and since then has become a leading force in the Australian mortgage industry, having won Best Mortgage Broker two years in a row, being named the Best Non-Bank Lender in 2008 and winning the Innovative Product Of The Year Award in 2009. It is Aussie’s experience in the home loan market which gives them the ability to offer compassion, understanding and personalised service to their more recent ventures such as their expansion into the credit card market. Aussie has 145 branches around Australian cities and regional areas and can even organise a to visit you in your home to discuss your financial needs.
Why Choose Aussie?
Many Australians are reluctant to move away from the big bank lenders they are familiar with, and which promote an image of security and reliability. However in the case of Aussie you will see that they can offer the same care and attention promised by the big banks. With Aussie you can also benefit from:
- Your choice of specials. Rather than having to settle for just one special offer, Aussie gives you the choice, and you can choose from a 12 month balance transfer offer with a 3.99% interest rate, or you can choose to enjoy a low 4.99% on all purchases for the first nine months.
- A very low interest-rate. Currently the average Australian credit card provider charges 15% interest, with some charging much more. However with Aussie your purchases attract a low ongoing interest rate of 12.79%, as well as offering up to 55 days interest-free to avoid interest charges altogether. You also pay a low annual fee of just $49 so you can save on a credit card which offers you only the features you need to help you manage your money, while still rewarding you in ways you can really benefit.
- Inclusive rewards and benefits. The Aussie credit card is a MasterCard and as such gives you access to MasterCard applause so you can affordably purchase some of the best tickets to some of the biggest sport and entertainment events around Australia. You can also enjoy the benefits of eDine and receive discounts at over 2000 restaurants, hotels, car hire companies and attractions across Australia and New Zealand. Plus you’ll also be able to choose from a wide range of wines which are very affordably priced and can be delivered to your home.
- Easy credit card security. Not only can the Aussie fraud monitoring systems make it easier to prevent credit card fraud on your Aussie account if you lose your wallet or handbag, but with Secure Sentinel you can register all of your credit cards for a low annual fee from $37 so you can make one call and be sure your credit is protected if your bag is lost or stolen anywhere in the world.
Aussie Balance Transfer Credit Cards
Most credit card providers will offer balance transfers which allow you to repay an existing credit card balance with the available credit on a card with a much lower interest rate. When comparing balance transfer offers considered the benefits of an Aussie balance transfer credit card:
- Savings in interest. When you transfer a credit card balance from a card with a high interest rate to one of the Aussie balance transfer offers you can be saving hundreds of dollars each year in interest.
- Easier to repay your debts. Once you are being charged a lower interest rate on your credit card debt you can more easily repay your debts because less of your repayment is going towards interest charges and more is going to repay the principal amount.
- One credit card payment each month. Aussie allows you to transfer the balances from more than one credit card to an Aussie balance transfer credit card. This means where you were paying several different credit cards each month on different days, your credit card payment is rolled into one payment on one day.
Before you apply for an Aussie balance transfer credit card find out more about how the transfer actually works:
- You can transfer up to 95% of the available credit limit of your Aussie balance transfer card. Either during your application or after your new Aussie credit card has been approved you can provide details about your current credit card balances so your balance transfer can be processed as soon as possible. It is important to remember to process your balance transfer as soon as possible because the balance transfer offers begin from the time your card is approved and run for a specific time, after which the interest rate will revert to the standard purchase rate on the card you have chosen.
- Information you need to provide includes: who issues the cards you are transferring balances from, your account number, and the amount you want to transfer.
- You can organise same-day balance transfers online. Once your Aussie account is activated you can log in to Internet banking and click on credit card balance transfer to request a transfer to your new Aussie credit card. If you make the request before 6 PM Eastern Standard Time on a business day the transfer will be processed the same day. If you would prefer to apply for a balance transfer over the phone it will take three working days.
- Continue making payments on your old credit card until the transfer is confirmed. The length of time it takes to complete a transfer can depend on the card you are transferring from so it is best to continue making repayments on your old credit card until Aussie notifies you the transfer has been made.
- Free balance transfers. Aussie does not charge you any fees for making a balance transfer. You must still continue making monthly repayments on your Aussie balance transfer credit card.
- Transferring the balances. You can transfer up to 2 credit card balances when you first apply for your Aussie MasterCard and you can transfer more after the card is activated. You will only be able to transfer balances up to 95% of the available credit limit.
- Instances where you can’t complete an Aussie balance transfer include: transferring from another Aussie credit card account; transferring from international credit cards or store cards; the transfer amount is less than $100 per card; if an existing Aussie credit card account is in default or the account you are transferring from is in default.
Aussie Balance Transfer Offers
Since everyone’s balance transfer needs are different, Aussie offers two very different balance transfer options so you can choose an interest rate and balance transfer term which suits you best from:
- A 12 month balance transfer with 3.99% interest – If you have higher credit card balances or you need to transfer all balances from several credit cards a 12 month balance transfer can give you all the time you need to repay those balances, and even if you don’t make it back to zero within 12 months you will only pay below 12.79% purchase rate, read the complete review here to find out more.
- A six-month balance transfer with 2.99% interest on balance transfers and purchases - If you think you can knock over your transferred balance in six months this could be the deal for you because you don’t have to wait to use your credit card as purchases are charged at the same low interest rate for the same period of time. You can find out more now, or apply here.
While Aussie offers just one credit card they offer a range of great features so you can customise the card to include the features you need and want, take advantage of a special offer which suits you and choose a balance transfer offer which is best for your credit card debt.
Posted on Friday, June 4th, 2010 at 11:40 am
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