Archive for the ‘Credit Cards’ Category
When choosing which credit card will suit your financial way of life, you really need to know what your true money habits are before you look over the more than 33 companies now offering credit cards in Australia. If you know that you are the type who will want to take cash out on your credit card as a cash advance in some months, like when the salary doesn’t stretch far enough, then you will want a card with the lowest cash advance rate.
Unfortunately the cash advance fee and APR rate are usually among the two highest charges that a credit card company will levy upon you. So while it’s a great feature, you need to be the right kind of credit card user to qualify and make those types of transactions work to your advantage and not just as an excuse to let the credit card companies make more money.
Certainly you don’t want to only look at one main feature to decide which credit card is best. If you are pretty good with paying off the debts every month and you’re able to budget your repayment dates on the same day each month, then it’s worth your while to seek the longest interest free period you can find. Every day longer than 30 is like money in the bank, literally!. So you’ll have to compare credit cards for those two main features.