Which should you choose?
When it comes to choosing a credit card, knowing what is right for you can be a really tough task.
For a start there are a dozens of banks that offer a whole range of credit card products that may suit your needs. But there are also a number of non-bank credit card providers. So how do you know which to go for?
A lot of people are quite wary of non-bank credit card providers as they don't get as much coverage in the media as banks. This is smart as not all credit card providers will offer the best products. However some are offering products that can be of great advantage to those in need of a credit card.
There are so many credit card providers in Australia that we couldn't possibly review them all, however we can narrow it down to banks and a select few non-bank credit card providers. At the credit card guide there are three non-bank credit card providers that we review.
The first that you may find The Credit Card Guide is the credit cards available from GE Money. GE Money offers a number of credit cards that are designed to suit different credit card spending habits and needs.
These credit cards include the Go MasterCard, eco MasterCard, Wizard Clear Advantage MasterCard, Low Rate MasterCard, and of course the GE Money MasterCard. All of these have been reviewed extensively and can be found at The Credit Card Guide website.
You'll also find the Woolworths Everyday Money Credit Card. This credit card's main objective is to provide credit to those in need, while promoting the sale of their products as well as that of their partner companies.
Rewards points are offered at a rate of up to three points per dollar when certain products are bought. Outlets include Woolworths and Safeway, Caltex, Big W, ePump, Thomas Dux, Woolworths/Safeway Liquor, Dan Murphys, BWS, Tandy and Dick Smiths.
If you have a Woolworths Everyday Rewards card you can link this to your Everyday Money credit card and use the two together to get maximum benefits while shopping and at the petrol pump.
We also review the Aussie MasterCard which comes very highly recommended for interest free credit cards and balance transfer credit cards. It's not often a non-bank credit card provider can offer a competitive credit card that isn't targeted to certain retail outlets or products, however the Aussie MasterCard does just that.
As a non-bank credit card provider it would be fair to say that Aussie is one of the best and is well worth checking out if you are in need of a good all round credit card.
So when it comes to the question of banks versus non-bank credit card providers, the question will always be asked, Can I trust this company?' But the key is to do your research. Compare interest rates and know exactly how much you can afford and what it is you need from your credit card.
You can find all the information you need about over 90 credit cards at The Credit Card Guide, so make your credit card choice easy by checking out The Credit Card Guide's no-nonsense credit card reviews now.