Aussie MasterCard

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Balance transfer rate p.a. (12 months)
2.99%

Moneybuddy says

The Aussie MasterCard offers some attractive rates, with just 2.99% p.a. on balance transfers for the first 12 months and 9.99% p.a. on purchases for the first 12 months, plus there's a low annual fee of just $49. After the 12 months the purchase rate reverts to 13.29% p.a which is one of the lowest in the industry. You don't have to be an Aussie customer to get an Aussie MasterCard, however there's no rewards program.

The Basics

Card class MasterCard

Card type Credit card

Purchase rate p.a. (12 months) 9.99%

Balance transfer rate p.a. (12 months) 2.99%

Annual fee $49

The cool stuff: features

Reward program No

Reward program name -

Reward program details -

Reward program terms -

Additional card holder No

Add. card holder details -

Purchase security Yes

Extended warranty No

International travel insurance No

Online access No

Phone access No

The Facts & Figures

Purchase rate p.a. 13.29%

Cash advance rate p.a. 19.99%

Introductory purchase rate p.a. 9.99%

Introductory purchase rate period 12 months

Introductory balance transfer period 12 months

Balance transfer rate p.a. 2.99%

Introductory balance transfer rate p.a. 2.99%

Interest free days 55 days

Minimum repayment -

Min. credit -

Max. credit -

Cash advance limit -

Cash advance limit period -

The ugly stuff: fees

Reward program fee -

Late payment fee -

Atm fee -

Foreign exchange fees -

* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing. Money Buddy earns a referral fee in the form of a commission payment per successful or referred application from redirecting website users to Aussie's website. Website users have no obligation to apply for a product or service that they may be referred to by this website.

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Aussie says

Transfer the balance of your other cards to the Aussie MasterCard. Apart from the straight saving you'll get from the interest reduction, you'll also get some breathing room if you want to make a dent in your debt. If you have a sufficient credit limit and transfer the entire amount you owe from a handful of cards - then cut them up and cancel the accounts - you're also likely to skip a lot of rip-off fees and charges.

You can fight back with Aussie’s low 2.99%p.a. on balance transfers for up to 12 months and just 9.99%p.a. on purchases for the first 12 months. The Aussie MasterCard is a no-nonsense credit card with one of the lowest ongoing interest rates on purchases around.

Key features

Just 2.99%p.a. on balance transfers for up to 12 months
Only 9.99%p.a. on purchases for the 1st 12 months
Reverts to one of the lowest ongoing purchase rates around, currently just 13.29%p.a. on purchases
Up to 55 days interest-free credit on purchases
A low annual fee of only $49
24/7 online account access or over the phone
Fraud protection – and the confidence of knowing Aussie will call you if they spot any suspicious use of your credit card

Pros

2.99% p.a on balance transfers for the first 12 months
9.99% p.a on purchases for the first 12 months
Low annual fee of $49
55 interest free days
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Cons

No rewards program

Terms & conditions

Terms and conditions available on application. Fees and charges apply. Approval subject to our normal lending criteria. 1) From date of card approval. Promotional rate reverts to the standard variable interest rate applicable to purchases on your card twelve months after date of card approval and any balances that remain unpaid at the end of this period become subject to the standard variable interest rate applicable to purchases. Excludes cash equivalent transactions. Only valid for balance transfers from non-Aussie credit and store cards. Balance transfer rate applies only to balances transferred for twelve months from the date your card is approved, and then reverts to the standard variable rate applicable for purchases on your card. Interest accrues on balance transfers from the date the transfer is processed by us. Terms and conditions apply to balance transfers (please call 13 13 77 for a copy) 2) The standard variable interest rate for purchases is 13.29 % p.a. and 19.99 % p.a. on cash advances. Interest rates current at 22 June 2011 and subject to change. 3) Interest free days do not apply if you do not pay your Closing Balance (which includes any outstanding balance transfers, cash advances, purchases and Promotional Plans) in full by the due date each month. Payments to your account are applied in the order set out in the Aussie MasterCard Conditions of Use. ^Source: Infochoice as at 22 November 2010