The Advantages of Credit Card Comparison and No Annual Fee Credit Cards
The Advantages of Credit Card Comparison and No Annual Fee Credit Cards
When it comes to getting the best deal possible on a credit card, comparison can really pay off. Whether you're shopping for a new card or seeing how good the deals on your existing cards are you should do credit card comparisons about once a year.
The reason that you should do credit card comparisons is that there are some really great deals in Australian credit cards out there right now. An example of such a deal is the no annual fee credit cards many providers are offering.
No Annual Fee Credit Card Advantages
The average credit card comes with a yearly or annual fee that a person has to pay for the privilege of holding the card. These fees can really add up, especially on gold and platinum cards. The average annual fee is now about $100 a year.
This means that it can pay to switch to a no annual fee credit card in some circumstances. If you have a credit card that you only use occasionally or keep for emergencies it will pay to switch to a no annual fee card. This can save you money even if the card has a higher interest rate.
Using Credit Card Comparisons
Competition in the Australian credit card business is intense right now so many providers are offering all sorts of incentives to get you to switch. Comparing these incentives can help you find a card that can save you quite a bit of money.
Some card providers are now offering 0% interest on balance transfers. Others are offering discount or reward points similar to frequent flyer points that you can use at retailers such as Woolworths. These features can save you quite a bit of money.
Another good feature that many cards now offer is a grace period. This usually means 40 or 50 interest free days on transactions. That means a person can pay off a purchase without interest.
This means that you should definitely compare the features on cards before you switch. Other good features include warranty plans on merchandise purchased with the cards.
Comparing Interest Rates
Before you get a no annual fee credit card you should definitely compare interest rates. Many of the no annual fee credit cards come with a much higher interest rate than other cards.
This means that it might pay to get a card with an annual fee but a lower interest rate for a card you plan to use regularly. Getting a lower rate such as 14% on purchases can save a card holder quite a bit of money.
The best way to engage in credit card comparison is to take advantage of one of the many websites dedicated to it. Many of these sites let you compare popular credit cards and even apply for a card. That makes credit card comparison quick and easy. How to Organize the Perfect Hen Party and Hen Weekend in London Egypt tour - Siwa To Alexandria The Highlights Of Florence Italy Tourism Hurghada two days Luxor trip by A/C Van In and around O2 Arena London Choose The North Face Backpacks As Your Ultimate Travel Buddy Relieve Caregiver Stress During this Holiday Season New Delhi: Nation's Hottest Property Destination Exploring Norwalk as a residential province and tourist spot MBA In Australia Universities Why Choose To Rent An Apartment In Paris And Not A Hotel? Singapore's Top 3 Activities This Christmas Eve Best Tour package By Travel Agents in India