Article DetailsFebruary’s Best Credit Card |
| Date Added: February 22, 2010 11:55:43 PM |
| Author: Admin |
| Category: Finance and Investment |
| In order to keep up with the ever-changing face of finance, the St.George Vertigo MasterCard is constantly evolving. Determined to stand out from the competition and offer customers the best possible rates, opportunities and bonuses, St. George continue to deliver one of the best value credit cards available. Benefits of the St.George Vertigo MasterCard The St.George Vertigo MasterCard is designed to be a low interest rate card that offers great features as well as great rates. This can help customers to save money on the amount of interest they pay, at the same time reducing debt levels far more quickly. Low Rate Balance TransfersIf you currently have outstanding balances on other credit cards, you might consider consolidating those balances over to the St.George Vertigo account. Instead of paying crippling interest rates on your old accounts, you’re only charged 2.99% p.a. for the first six months on the amount of the balances transferred.This can help reduce your monthly repayment amounts and make it far easier to begin repaying those balances. Once the introductory low rate expires, the rate reverts to one of the lowest standard rates available – 11.47% p.a. as of February 2010.This lower standard rate can represent a huge saving in interest costs if you’re still working to reduce your balances.Low Rates on PurchasesWhile there are plenty of other credit cards available with low balance transfer rates, the majority of those still charge your purchases at the regular high rate.The primary difference with the St.George Vertigo MasterCard is that they also extend the great 2.99% p.a. interest rate on any purchases you charge to your credit card for the first six months.Interest Free DaysFor those customers who have repaid any balance transfer amounts and who regularly repay their monthly balances in full, you could also enjoy a 55 day interest free period on any purchases.This effectively allows you to pay your bills and buy the things you need right now without the need to pay for those things until the end of the interest free period.Low Annual FeeMany credit card lenders might seem to offer low fees, but they often make up for these by charging a higher annual fee. The St.George Vertigo MasterCard allows you all these features and benefits for a low annual fee of $55.Money Magazine Award Winning CardThe St.George Vertigo MasterCard was awarded the prestigious title of Australia’s Cheapest Balance Transfer Credit Card by Money Magazine for 2009.Many customers tend to view the initial introductory rate for several cards and make their decision based on these figures. At first glance it might appear that there are some cards available with lower introductory rates for the first six months, with some as low as 0%.However, when you take into account the standard rate at which your account reverts to, this should give you a much clearer indication of value. Most other lenders simply can’t compete with the overall value in the package provided by the St.George Vertigo MasterCard. |
