Credit cards are a convenient and flexible way of paying for purchases. Interest rates and annual account fees are important fundamental matters to be considered when you’re thinking of applying for a new credit card. Bankwest Zero credit cards are free of annual fees, and interest rates currently offered by Bankwest on the Zero MasterCard are:
- Annual rate – purchases, 1% p.a. for 6 months (reverts to 17.99% p.a.) p.a.
- Annual rate – cash advance, 18.99% p.a. p.a.
- Balance transfer rate, 4.99% p.a. for 12 months p.a.
Features and benefits of the Bankwest Zero MasterCard:
Some credit cards offer an impressive range of rewards and privileges but come with hefty annual account fees. By forgoing some of the lifestyle benefits offered by gold and platinum cards you can get the flexibility and convenience of a credit card without having to pay annual account fees. If you value the opinions of Australian financial leaders, you may want to know more about some of the main features of Bankwest’s award-winning Zero MasterCard:
- Zero annual fees. There are no annual fees for the Bankwest Zero MasterCard account.
- Award winning card. Money magazine has named the Bankwest Zero MasterCard Australia’s “Best Transactor Card” for 2010 – that’s a good sign how highly the money experts regard this credit card.
- Balance transfer available. As an introductory offer to new Bankwest Zero customers, an interest rate of 3.99% applies for 9 months on balances transferred from other credit cards. If you are paying high interest rates on your existing credit card debts, it may help you to take advantage of Bankwests’s low-rate balance transfer offer to pay off the balances sooner. And if you cancel the existing credit cards at the time of transfer, you will be saving on annual account fees as well as streamlining your money management.
- Up to 3 additional cardholders for free. You can share the benefits of the Bankwest Zero MasterCard with family and friends for no additional cost.
- 24 hour online access to account. The Bankwest Online Banking service makes it easy to manage your Zero MasterCard account whenever you want, wherever you are.
- Fees and charges: include a 1% balance transfer handling fee to a maximum of $50 that applies to each balance transferred.
Your choice of credit card is an important decision, and must be influenced by your individual personal circumstances and financial situation. When you’re thinking about applying for a new credit card, it’s essential to decide whether you are likely to take up all of the privileges and benefits that are offered with some gold and platinum credit cards – and whether you’re willing to pay for those exclusive features in the form of high annual account fees.
If you don’t pay off your credit card balances each month, you could save money by transferring the balances to a lower rate account which gives an opportunity to reduce your debt quickly. Bankwest Zero MasterCard, with zero annual account fees, and currently offering an introductory low rate for 9 months on balance transfers, may be suitable for your needs. To find out more about the card, and whether you’re eligible to apply, and whether a more affordable credit card is comparable for your situation, view our comparison tables here where you can see just how much you are saving by foregoing features you don’t want or need. If you decide the Bankwest Zero Mastercard really is right for you, you can then follow our secure link to Bankwest’s website.
Related posts:
- Bankwest Lite Gold MasterCard – Review and Application
- Bankwest Lite Platinum MasterCard
- Bankwest Zero Gold MasterCard
- Bankwest Lite MasterCard – Cheapest Balance Transfer Card for 2010
- Bankwest More Gold MasterCard
- Bankwest More MasterCard
- Bankwest Zero MasterCard – Your Straightforward Credit Card
- Bankwest More Platinum MasterCard
- Bankwest Zero Platinum MasterCard
- Bankwest Lite MasterCard – Voted ‘Cheapest Credit Card’ by Money Magazine 2010
Posted on Tuesday, July 6th, 2010 at 5:18 pm
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