0 purchase credit cards frequently asked questions

1. You must be at least 18 years of age
2. You must have a good credit rating
3. You must earn a taxable income of at least $15,000 per year, or at least $50,000 per year if you are applying for the Gold version of the card
4. You must be a permanent Australian resident

Provided you fulfil these criteria, you can make a quick and easy online application for the ANZ Balance Visa credit card, but before doing so it is advisable that you collect together all your personal and financial details so that the process is not interrupted by the connection timing out for security purposes.

For the credit card 0 you need:

• Your Australian Driver’s licence, if you have one

• Your employer’s address and contact number, as listed in the White Pages

• Your accountant’s name and contact number if self employed.

• Details of your income, assets and liabilities.

The application should take around ten to fifteen minutes to complete, and once you have submitted your application you will receive a response within sixty seconds. An approval will be an approval in principle, meaning the decision is based on the information you have submitted, which may require subsequent verification. Your identity will certainly require verification, and this must be done in person at a branch of the ANZ.

Here is an overview of the features of this credit card 0, so you can decide whether this is the right card for you:

• An interest rate of 2.9% p.a on balance transfers for first 12 months

• An ongoing interest rate of 13.74% p.a. on purchases

• Earn one point for every $1 you pay off your credit card balance. This is the only credit card in Australia that rewards you for reducing your credit card balance Use your points for cashback, shopping vouchers or gift cards

• Choose whether you receive your rewards every three, six or twelve months

• An annual fee of $79, which is a $57 annual account fee and a $22 Rewards Program fee

• A $10 additional cardholder fee

• An interest rate of 20.99% p.a. on cash advances

• Up to 55 days interest-free on purchases

• Up to $15,000 credit limit

With this credit card 0, you will also have the option of designing your own credit card with an image of your choice. All you have to do is upload your favourite photo or design, or choose from one of ANZ’s available images in their image library. This option is open to both existing customers and new customers, and costs $15 extra.

1. You must be at least 18 years of age
2. You must have a good credit rating
3. You must be a permanent Australian resident

Provided you fulfill these criteria, you can make a quick and easy online application for the BankWest Zero Platinum MasterCard, but before doing so it is advisable that you collect together all your personal and financial details so that the process is not interrupted by the connection timing out for security purposes, which takes place after a period of ten minutes inactivity on the site.

The documents you will require for this credit card 0 are:

• Your personal details, and those of any additional cardholders that may be required. This means your name, date of birth, address and contact details.

• Details of your income, assets and liabilities, such as mortgages, loans, property or vehicles owned, any savings etc

The application should take around ten minutes to complete, and once you have submitted your application you will receive a response within sixty seconds. The application process itself is not specifically for a BankWest Zero Platinum MasterCard, but rather for a BankWest MasterCard in general, and once the information is submitted you will learn which card you are eligible to receive based on your declared income. An approval will be an approval in principle, meaning the decision is based on the information you have submitted, which may require subsequent verification. Your identity will certainly require verification, and this must be done in person at a BankWest branch.

Here is an overview of the features of the BankWest Zero Platinum MasterCard credit card 0, so you can decide whether this is the right card for you:

• No annual fees

• An interest rate of 1.99% p.a. on balance transfers for the first 9 months

• An ongoing interest rate of 16.99% p.a. on purchases and cash advances

• Up to 55 days interest-free on purchases

• Up to 3 additional cardholders for free

• A 24/7 concierge service to help arrange travel, bookings, shopping and medical services

• Airline travel and accident insurance protection, no matter where you are in the world

• Automatic purchase protection on any goods you buy

• Up to twelve months extended warranty on top of that provided by the manufacturer

Probably the best feature of this credit card 0 is the absence of any annual fees, which would be creditable on a regular credit card, but is highly unusual on a Platinum card.

1. You must be at least 18 years of age
2. You must have a good credit rating
3. You must earn a taxable income of at least $15,000 per year, or at least $50,000 per year if you are applying for the Gold version of the card
4. You must be a permanent Australian resident

Provided you fulfil these criteria, you can make a quick and easy online application for the ANZ Low Rate MasterCard, but before doing so it is advisable that you collect together all your personal and financial details so that the process is not interrupted by the connection timing out for security purposes.

The documents you will require are:

• Your Australian Driver’s licence, if you have one

• Your employer’s address and contact number, as listed in the White Pages

• Your accountant’s name and contact number if self employed.

• Details of your income, assets and liabilities.

The application should take around ten to fifteen minutes to complete, and once you have submitted your application you will receive a response within sixty seconds. An approval will be an approval in principle, meaning the decision is based on the information you have submitted, which may require subsequent verification. Your identity will certainly require verification, and this must be done in person at a branch of the ANZ.

Here is an overview of the features of this credit card 0, so you can decide whether this is the right card for you:

• An interest rate of 0% p.a. on balance transfers for six months

• A low ongoing interest rate of 12.74% p.a. on purchases

• An interest rate of 20.99% p.a. on cash advances

• Up to 55 days interest-free credit on purchases

• An annual fee of $58

• Up to three additional cardholders for free

With this credit card 0, you will also have the option of designing your own credit card with an image of your choice. All you have to do is upload your favourite photo or design, or choose from one of ANZ’s available images in their image library. This option is open to both existing customers and new customers, and costs $15 extra.

1. You must be at least 18 years of age
2. You must have a good credit rating
3. You must earn a taxable income of at least $50,000 per year
4. You must be a permanent Australian resident

Provided you fulfill these criteria, you can make a quick and easy online application for the Citibank Clear Platinum card, but before doing so it is advisable that you collect together your personal and financial details so that the process is not interrupted by the connection timing out for security purposes.

Here is an overview of the features of this credit card 0, so you can decide whether this is the right card for you:

Main features of the Citibank Clear Platinum Credit Card Offer;

• An introductory interest rate of 0.99% on purchases and balance transfers for the first six months of card ownership

• A low ongoing interest rate of 11.49% thereafter – one of the lowest rates of any card on the market

• Citibank World Privileges, which allows 25% off retail shopping, dining out and travel services

• An annual fee of $99

• A credit limit up to $60,000, giving you greater flexibility to purchase the things you desire

• Access to Visa’s Concierge service, giving you a personal concierge to locate anything you want in the world at any time of the day or night

• Visa Platinum Privileges, offering you premium discounts in hotels, health facilities, retail centres and travel merchants across Australia and around the world

• Citi World Privileges, allowing you to access exclusive discounts and benefits in over 40,000 hotels, restaurants, shops and entertainment facilities across Australia and around the world

• Fraudshied, offering the peace of mind of fraud detection monitoring as an early prevention measure. This monitors for unexpected or unusual card use and flags it up for further investigation

• Free international travel insurance when you purchase your ticket with your Citibank Clear Platinum Credit Card. This covers you against unexpected travel delays, trip cancellation, medical expenses, loss or damage to personal items, and personal liability

Amongst this extensive list of features, probably the most outstanding aspect of this credit card 0 are the interest rates attached to it. Few cards – let alone a Platinum credit card from such a reputable institution – are currently offering 0% on balance transfers and purchases for six months, and the ongoing rate of 10.99% can hardly be bettered.

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.

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Balance Transfer Rate		1.99% for 9 months
Interest Rate		10.75 % p.a. on purchases
Cash Advance Rate		21.49% on cash advances
Interest Free Period		up to 55 days
Annual Fee		$59.00
Application Criteria		Standard
Credit Card Type		MasterCard
Rewards Program		N/A

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.

Far too many people have wound up in unfortunate financial situations because of credit card debt and the paralysing interest rate that comes with it. Taking advantage of a credit card 0 transfer can allow you to get out of that deep hole of debt. However, with the relief of that comes the responsibilities of repayment. If you do not think you can accomplish that you may wind up in even worse trouble then before

Tips for credit card 0 transfer success:

* Choose this option as a way to get yourself out of debt, that is with the goal of paying back your debt before the zero percent rate expires.
* If you have debt on more then one credit card try to consolidate them all, or as much as the card will allow to the credit card 0 transfer rate one. This maximises your savings and makes you finances easier to manage.
* Find the lowest interest rate for you balance transfer as well as the lowest fee rate. Sometimes the fees are a percentage of the amount you transfer while other times it is just a flat rate. Determine which will be the least expensive for you.
* Be careful of the other rates your card charges. Just because your balance transfer is  low interest it does not mean your purchases or cash advances will be at the same rate. Sometimes they can be exceedingly high.
* Avoid spending on your new card until you have completely repaid the balance transfer. Credit card companies will apply your payments to the debt with the lowest interest rate. If you make purchases you will pay interest on them until your balance transfer is paid off.
* Stop using the cards you transferred balances from completely. If you cannot stop then cut them up so that you will be unable to use them. It is easy to start overspending when you see a zero balance on your credit card. Do not fall into that cycle again.
* Figure out a budget that gets you on track to have the balance transfer paid off before the low interest rate expires. Keep in mind you goal and be as frugal as need be to accomplish this task. You will be glad that you did.

A credit card 0 transfer can save you from drowning in debt. You just have to take the necessary steps  and make the necessary budget cuts to do it successfully.

By doing this you can use your money to actually pay down on debt rather than paying high interest on that deficit. The issue that many people run into when they are trying to pay down their debt is that only a sliver of their monthly payments go to the principal amount owed. By doing away with interest you can be assured that all of your payment goes directly to the balance.

If you choose to switch to an interest free balance transfer and you have significant credit card debt you may not be able to pay it all off during the introductory period. The typical interest free period is six months. If you fall into this category you might try tarting as a way of repaying the debt. Tarting is the process of transferring your credit card debt from one interest free card to another until you achieve a credit card 0 balance. There are some difficulties and things you need to be careful of if you choose tarting. However, it can be a great way to rid yourself of credit card debt for good.

Do’s and Dont’s of credit card 0 balance through tarting:

• Do look for balance transfers that have a zero percentage rate in your mail and online.
  * Do try to find deals that do not charge fees for the service, if there are fees find the lowest ones possible.
  * Do look for balance transfer rates that have long introductory periods, some can last nine or twelve months.
  * Do not attempt credit card 0 balance through tarting if you are not able to pay your bills on time. Late payments will usually void the introductory deals.
  * Do not make purchases on your balance transfer card. Purchases are subject to higher interest rates and credit card companies use your payments to pay off the cheapest debt first. If you purchase something you will pay interest on it until your balance transfer is paid in full.
  * Do cut up your old credit cards so that you stop using them completely.
  * Do be very aware of when the introductory offer expires and transfer the remaining balance just before it runs out and begins accruing interest.
  * Do not attempt a balance transfer among cards that are from the same bank. For example, it is ok if they are both branded Visa or MasterCard but not if they are both ANZ. Usually banks will not allow balance transfers between the same cards.

Once you have a credit card 0 balance do your very best to keep it that way. If you are careless with your credit cards it can follow you forever. But, if you have the fortitude to get yourself out of debt then you can certainly manage to keep it that way.

Credit card 0 interest offers:

* Woolworths Everyday Money Credit Card – This card offers 55 interest free days as well as no annual fee for year one. They have a rewards system that gives you up to three points for every one dollar spent and the ability to earn a shopping card every four months. There is also a five percent cashback reward for purchases at Woolworth’s groceries and liquor for your first three months. The interest rate after 55 days is 18.74% an 5.99% for balance transfers for six months.
* BankWest Lite MasterCard - The credit card 0 interest offer on this card is also for 55 days. After 55 days the rate goes up to only 10.75% and 1.99% for balance transfers for nine months. The annual fee is $59. They also offer three additional cardholders for no extra cost and access to your account 24/7.
* Citibank Clear Card – Again, the zero interest rate last for 55 days, after that it goes up to 15.49%. There is a $65 annual fee and a 2.9% interest rate on balance transfers for six months. Account access is available on the internet or phone all day, every day.
* ANZ Low Rate MasterCard – ANZ’s offering is also for 55 days at zero interest. It rises to 12.74% after that point. The balance transfer rate is zero percent for the first six months. The annual fee is $58 and they offer three extra cards for free. This card comes with a reward system that includes an online shopping guarantee, travel deals, special event ticket purchase options, and a fraud tracking system.
* ANZ Balance Visa Card – This ANZ offering has 55 interest free days which jumps to 13.74% once those days are over. The balance transfer rate is zero percent for the first six months. Annual fee for this card is a steep $79. The rewards programme offers one point for every one dollar you pay to your balance. These points are redeemable for cash, shopping, or gift cards.
* HSBC Gold Credit Card – HSBC gives you 45 interest free days and a regular interest rate of 18.99%. The balance transfer rate is 5.99% for six months. There is no annual fee for this card. They also offer free travel insurance when you book with the card.

For those who know they will spend regularly a credit card 0 interest can save you significantly on interest charges. The trick is  to repay your debt before that rate expires so that you are getting the full benefit of your credit card.

Here is how credit card apr works. If you have a balance on your credit card of say, $500. An average interest rate is 27.8%, so even if you paid over your minimum payment and paid $75 per month for six months once that interest is added you would still owe the credit card company $174 on the original $500. However, if you transfer that balance to a credit card 0 apr, and paid $75 for six months you would only owe another $50 to be clear of the debt. It sounds like a win-win right? It is for the most part, you just have to pay close attention to your bills and be diligent about paying it off before the interest free period runs out.

Making credit card 0 apr work:

* Seek out special balance transfer rates. Scour the internet or your mail looking for the best rates available. This means not just paying attention to the interest but also the other fees and terms associated with a particular card.
* Choose the credit card 0 apr that meets your personal needs. Forget about rewards programmes and what a card looks like. Choose the card that will actually help you to get out of debt.
* Make sure you know what your balance transfer rate will revert to once the introductory rate runs out. If you do not think you will pay the debt off before the expiration do the math to ensure that transferring your balance will save you money.
* Do not think that you can simply jump from one interest free card to another and never pay off your debt. It is not as easy as it sounds and if you make mistakes you will wind up spending a lot of money trying to recover.
* Try to transfer your balance from the original card before the monthly interest has been added to it. This will save you from having to pay that extra amount on the new card.
* Resist the urge to spend on the old card once it has a zero balance. Free yourself from credit card debt for good by only buying what you can afford.
* Make sure you read the fine print and understand them before you take on any new credit card contract. They can be tricky, it is how the companies make money. Keep that in mind and you can outsmart them.

Remember that a credit card 0 apr is a temporary fix to your spending problem. Once you have paid off that debt it is up to you to keep yourself from winding up in the same situation down the road.