Members Equity MasterCard
Through offering a super low credit card rate and less to pay in fees, the award winning^ Members Equity MasterCard very simply helps you manage to stay in the black and avoid becoming stuck in the red.
- Enjoy one of Australia's lowest ongoing credit card rates
- currently just 11.49% p.a. - Receive up to 44 days interest free on purchases
- Pay a low annual fee of just $39
- No charge for up to 8 additional cardholders
- Free issue of mailed replacement cards
- Emergency worldwide replacement if your card is lost or stolen
- Full access to all 'MasterCard Exclusives' special offers
How much can I save by switching my credit card(s)?
As an example, if you owed $3,100 on another card at 18.65% p.a., you could save up to $230* in one year alone in interest charges, simply by transferring your balance to a Members Equity MasterCard.
Good Credit Card Habits
Work out how much you can spend: A monthly budget can go a long way to helping you manage your money. Knowing how much you spend on essential items such as food, rent, mortgage repayments, transport, insurance, and entertainment means you know how much you can spend on your credit card each month.
Know how much you spend: Write down everything you buy on your credit card. Use internet or Phone Banking often to ensure you know how much you have spent. Don't wait until your monthly statement to get a surprise!
Pay at least the minimum payment every month: This means that you will avoid some of the fees that many credit card companies charge, such as late payment fees or over limit fees. The best way to do this is to set up a direct debit to your credit card for the minimum or the full amount. If you pay the full amount every month - you avoid interest altogether.
Reduce your credit limit if you think it may get out of hand: The best way to avoid having high credit card bills, is to have a low credit limit. Ask your credit card company to reduce your credit limit down to what is manageable or what you may need for a particular purpose, such as a holiday.
^ Awarded CANSTAR CANNEX 5 Star Rating, December 2008
Money magazine's Best of the Best Awards 2009, Top 3 Finalist, Cheapest Credit Card, Bank Category
* Assumes monthly minimum repayment of 3% of closing balance, no other purchases are made and excludes fees & charges.
Fees and charges apply. Terms and conditions available on request. Applications are subject to credit approval.
Interest rates are current as at 13-Mar-2010 and are subject to change.
Related Links
Credit Card tools
Repayment Calculators
Other tools
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