BankWest Lite MasterCard

The Bankwest Lite MasterCard hasn’t been voted as one of the top credit cards of 2010 by Money Magazine for nothing. Find out why this card is highly appreciated by the financial world and its customers.

If you are looking for a way to get out of debt the Bankwest Lite MasterCard is the right choice for you. You might be wondering, how is it possible that a credit card can get you out of debt? Aren’t credit cards to blame for a large majority of personal debt? In part, that is true, credit card debt is a huge problem.

Too many people overspend on credit cards. The problem though, is not just in overspending on purchases and cash advances, but in paying too much in interest. For example, the average credit card earns somewhere around 17% interest. That adds up to a lot of money each month making it difficult to pay enough toward your bill to make a real dent in the bottom line. One of the ways to get out from under that debt is through a balance transfer.

Key Features for the BankWest Lite MasterCard:

• Australia’s lowest MasterCard purchase interest rate of 10.75% p.a.
• Up to 55 interest free days on purchases.
• An annual fee of only $59.
• Access to the RewardMe instant savings program.

According to Money Magazine the Bankwest Lite MasterCard has the cheapest balance transfer available. These cheap rates are how this credit card can help get you out of debt. Not only is the interest rate on a balance transfer extremely low at 1.99% but they lock in that rate for a full 9 months. That’s right you get a whole year to chip away at your old credit card debt while paying hardly anything in interest. Once you have paid off that debt you will find that this credit card continues to be a money saver as long as you own it.

All these perks sound great, but how do you know if you even qualify for a Bankwest Lite MasterCard? They have made finding that out easy too. All you have to do is go to their website and fill out the online application. They determine which of their cards Platinum, Gold, or Classic you qualify for any notify you right away. Then all you need to do is choose your card and start saving money right away.

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