Credit Cards

Looking for the best credit cards online? Credit card companies offer zero rate credit cards, balance transfers and credit card rewards programs to entice consumers to sign up with their program. Credit cards are fraught with financial pifalls, and banks make a small fortune from consumers who believe they will use their cards wisely, but end up paying large interest payments (as high as 22.5%), late fees and additional charges.

The credit card comparison tool below provides information on the different card programs available.

There are other options though, debit cards, like a Debit Mastercard, or Visa Debit can be a good way to get the benefits of a credit card without the potential pitfalls. The major banks are pushing customers towards credit cards for small value loans, but this can often lead to a constant debit balance, and not a means to an end. This is good news for the banks, but can be bad news for consumers.

If you do use a credit card, and most Australians do, pay it off in full each month and do not use it as a personal line of credit.