The best credit cards are the ones that work best for your personal finances. Not all credit cards are equal, and each one offers a range of features and extras tailored to particular customers looking for particular benefits. At the end of the day, a credit card in its most basic form is a revolving line of credit that offers you a set, pre-approved credit balance you can use to pay for things in-store and online. It will likely also offer you the ability to transfer cash to your normal banking account (or anyone else’s). This credit is extended at a particular interest rate which may or may not be fixed for the period you use your credit card. When you have repaid the credit that you have used (either some or all of it) then those funds become available again.
Providers will request set minimum monthly repayments which can be directly debited from your account for your convenience. This helps to ensure you avoid costly late fees or compounding interest on your credit balance. Whilst that’s the basic definition of a credit card and they all work essentially like that, each provider and each type of credit card is slightly different. Knowing what you want before you apply will help you identify the best credit cards that work for you.
How to find the best credit card?
Credit cards, like all personal finance products, come in all shapes and sizes so knowing what the best credit card is will depend on what you need money for and how you intend to use it. There are a few things that you can consider before you sign up for a new credit product which may help you identify the right provider and the right online credit card for you.
1. How much can you pay off each month?
Knowing what you can comfortably afford to pay off each month will help you budget for your new credit card and determine a reasonable spending limit. Of course, a credit card can also double as an emergency spending card in case of unexpected expenses like car repairs, urgent flights, home repairs, or other general life events that can throw out your regular living budget. If you know what you can afford to repay at the end of every month – or come to every pay cycle – then you can plan for how emergency spending on your credit account is repaid quickly and effectively.
Even the best credit cards can sometimes develop a poor reputation for trapping people in compounding debt but, like quick cash loans or other credit products, planning your budget and sticking to it helps to avoid uncomfortable debt. If you do have multiple credit cards or other smaller debts that have become too expensive to pay off individually then a personal loan to pay off credit cards could be worth considering. Debt consolidation loans are a type of credit that an individual applies for intending to use the fast cash to clear out a bunch of small debts and start afresh. Your repayments are fixed, and you know what the interest rate for your loan is before you sign your contract. This can help you budget repayments for the term of the loan and clean up untidy finances in one fell swoop. Once your personal loan for debt consolidation has been paid off you can start hunting for the best credit card option for you.
If your living budget is comfortable and you’re on top of your finances already, then that’s great news! Planning for your new credit should be quick and simple. When you know that you can repay your credit card balance at the end of every month, then an online credit card offering customers a fixed interest-free period is definitely worth considering. Interest free credit card options offer customers a set term (MoneyMe offers 55 days interest-free on purchases made with the Freestyle Virtual Mastercard®) in which they repay their credit funds without getting charged of interest. This works like a lot of popular buy now and pay later credit options but with the added flexibility of knowing that your interest-free period applies to any purchase that you have made with your credit card instead of at only select stores.
2. Setting an affordable credit limit
MoneyMe is a responsible money lender so we tailor all of our credit products carefully to ensure that our customers can afford our quick loans or our credit card balances. You will know what the most affordable credit limit is for you, so you can always apply to have your limit increased or decreased as you need. Changing your credit card limit with us is fast and easy – you can manage any of your credit funds with us directly from your smartphone with our intuitive app.
3. Comparing your options
Just like shopping for a personal loan, when you’re considering the best credit card it’s a good idea to compare what’s available. Doing a quick personal loan comparison in Australia will help you list the fees and charges each provider has as well as any ongoing costs which might be associated with your credit card or same day loan. Things to consider when comparing credit include:
Introductory interest rates – rates offered for a limited time only. This could still be worth your while if you have an intended use for your credit card but keep an eye on when those rates change and whether the new rate is still affordable before you sign up.
Interest-free days – which provider is offering the highest amount of interest-free days?
Purchase interest rate – once the interest-free period has elapsed, is the regular rate affordable for you?
Fees – which credit card has the lowest annual or monthly fees? Are there late fees for missed repayments? If cash advance options are available, what are the fees for withdrawing or transferring cash amounts from your credit card?
Application time – how quickly can you get a credit card? Is the application online and simple? Are you offered instant credit card approval?
When you’re looking for any kind of personal credit, providers offering added benefits like a hassle-free credit card application online are definitely worth considering. Regardless of whether you want to borrow money immediately or not, you don’t want to wait around for approval or have to provide reams of paperwork to prove your creditworthiness. Choosing fast approval credit card options helps to reduce stress and wasted time in the long run.
To be eligible for any of the MoneyMe credit products, applicants must be at least 18 years of age, a permanent resident in Australia, and currently employed. Our online application process is fast and easy to navigate. It takes just 5 minutes to complete and submit a new application online and approvals are super-fast, especially when you apply during business hours.
Everything you need to know about how the Freestyle Virtual Mastercard® from MoneyMe works is available to a few online, including a complete table of our fees as well as a complete statement detailing our terms and conditions of use. When you’re happy with the Freestyle Virtual Mastercard® and ready to apply, you can do so via our website in a matter of minutes. Apply online today.
Best Credit Cards
When it comes to the best credit cards, MoneyMe is dedicated to bringing you a quick and reliable option. Unlike other credit card providers, we won’t make you go through the hassle of filling up paperwork or signing countless documents.
With our services, all you have to do is click on ‘credit card apply online’ then have your request processed and approved in just a few minutes.
Once you have your MoneyMe account all set up, you can finally forget about bulky wallets with stacks of plastic and bills. Instead, you can enjoy our virtual credit card that is fully equipped with the functionality of its traditional counterpart.
Use our premium credit products now so that you can have tomorrow’s innovation in today’s landscape. Whether you are looking for an interest free credit card or a low income credit card, check out our Freestyle option to see what our perks and rewards can do for you.
How to choose the best credit card?
Choosing the best credit cards can be an intimidating task – especially if you are not sure what conditions you are looking for. Here are some guidelines to make the decision-making process much easier for you.
Compare and contrast
When you look at credit card offers, make sure to take into account the types of fees and the time it takes to apply or make changes.
- Credit fees. All providers have fees, and they usually come in the form of monthly or annual service payments. However, what is important to note is that some providers would require you to pay an extra fee if you choose to make repayments in advance.
- Response time. What if you are pressed for time and want to change your program or even apply for another card? Some credit card deals may align with your budget and finances but may fall short when it comes to swiftly applying important changes.
With MoneyMe, you have won’t have to worry about these credit card comparison aspects as your convenience and experience is our priority.
Our option gives you credit card benefits like no other. For instance, we allow you to pay off your balance earlier without any additional cost. Aside from this, you will also find it easy to manage your credit card if you want changes to be made. Simply use our mobile phone app, quickly communicate with us, then adjust your terms depending on your credit score or report.
Now that you have an idea about what the best credit cards should be, simply browse through our intuitive platform to try out the MoneyMe experience.
Which credit card is best in Australia?
In terms of the best credit cards in the business, Mastercard has always been one of the biggest players in Australia. With the financial services company satisfying clients since the 1900s, there’s no doubt that they have made a name for themselves as a reliable credit card option.
For this reason, MoneyMe has decided to make a Freestyle Mastercard that will serve as your virtual cash solution for your purchases made online or in physical stores. With this low-interest rate online credit card, you will be able to pay for goods and services from retailers that accept Mastercard.
To sign up, all you have to be is an individual older than 18, a permanent resident in Australia, and a working individual with a steady income flow.
If you are eligible, then you can download the Freestyle app, finish the application process in just a few minutes, then gain access to your card number, expiry date, and CCV.
Take advantage of our Mastercard-powered solution now and never look back at other competitive credit cards again.
Who has the best credit card interest rate?
Not all credit card offers are the same – the best credit cards are those that save you the most money in the long run.
While there are a number of low credit card rates out there, you won’t find a deal quite like the one MoneyMe provides.
Our fees and charges boast an annual fee of $0 for a credit limit of up to $3,000 and a monthly fee of $0 for balances under $20. Did we mention that we also have an interest-free period of up to 55 days with a low-interest rate of 16.99% p.a. afterwards?
Don’t just be tempted to apply to the first low rate credit card you find. Apply for a MoneyMe Freestyle card account today and enjoy the added benefit of your request being approved in a matter of minutes.
What is the best balance transfer credit card?
The best credit cards for balance transfer procedures allow you to move your outstanding balance from one card to another so that you can pay less interest.
Usually, traditional providers would offer these best value credit cards. However, it is important to note that higher purchase interests are often applied to compensate for the lower credit balance interest rate. This means that you end up saving a smaller amount than what you initially thought.
At MoneyMe, we are transparent about our services. That is why we provide you with a credit card debt consolidation option instead. Here, you can apply for a loan and even pay off other bank debt obligations you may have. This way, you can focus on one MoneyMe obligation, rather than multiple small debts from different providers.
Whether you are applying for a Freestyle Mastercard account or our alternative to a bank transfer credit card, MoneyMe will surely give you the rates and treatment you deserve. Download our mobile phone app now so you can handle your finances more efficiently.