Monday, June 22, 2009

Aussie Credit card offering now low rate credit card offers

The use of credit cards has been in rapid growth especially in the 21st century. People are now turning to credit cards for their day to day purchases of items ranging from groceries to gas to airline tickets and restaurants. This acceptance of plastic money has become a revolution and is partly credited wit the expansion of the economy and the easy access to credit. Low rare credit card issuers have packaged their products in a very enticing manner and customers have a wide variety to choose from. One of these cards is the Aussie MasterCard which offers a low annual fee of just $49.

Among other things that the card comes with, the interest rate is very appealing. A rate of 11.49% is low and very affordable for the average customer. This rate is charged on all purchases ranging from restaurants, accommodation, shopping for groceries, gas, travel and entertainment. The card also offers you a special introductory rate of just 9.99% for the first 12 months from the time of account opening which is very interesting. The fact that you get an interest free period of up to 55 days is makes this card one of the most competitive. This is coupled with the low annual fee of $49.00 , making a decent option for a low rate credit card .


Another very interesting feature of this card is that it allows balance transfers. Balance transfers allow the consolidation of all your expenses into one credit card for the purpose of lowering interest rates. These transfers are allowed at a rate of 4.99& for the first 12 months from the date of account opening. After the expiry of the 12 months, the normal rates apply. The credit card level for this card is standard and requires an excellent credit rating. It is also important to note that some cards may have tiered reward points which actually serve to reward the client for shopping more frequently. However, this card concentrates more on low rates and does not have any rewards programs per se.

You are not required to be an Aussie customer for you to get this card meaning it can be accessed by almost anyone with a good credit rating. Subject to terms and conditions, the interest free days are only available to customers who have cleared their outstanding balances in full at the times that they are due. Thus the low rate credit card gives you a motivation to make prompt payments.

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