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Using credit cards is about to become less of a burden
Using credit cards is about to become less of a burden
LowerBills provides insight into better credit card choices.
Neutral Bay,
NSW,
Australia
(prbd.net)
24/02/2011
New South Wales, Australia 21st February, 2011: LowerBills, based in Neutral Bay, New South Wales, offers Australians unique insight into the questions and problems related to credit card choices. Recently, the NSW government began investigations into the excess charges and fees imposed on users of credit cards in Australia, and found that inflated charges are common. Credit card reforms and Australia's Fairer, Simpler Banking policy eliminates some of the more onerous charges such as over-the-limit fees, regulates interest rates, and also forces lenders to allocate repayment to higher interest debt first. The government initiative is meant to help make credit cards more affordable for Australians.LowerBills's detailed guide helps consumers better understand the credit card options that are available, and find the best choices and options for their situation.
LowerBills is the ultimate guide to finding the best offers for diverse financial products including Australian credit cards, and applying online without any problem. The team at LowerBills collects detailed information about all the latest credit card offers that are available from the different banks in Australia and provides this on the website lowerbills. The site offers an easy comparison site and complete details on several available cards, to help consumers make an informed decision on which credit card to opt for.
Credit Card Information
LowerBills is a good resource to get information about the different credit cards available in Australia and comparing them before coming to a decision. According to a LowerBills spokesman, "The Australian credit card market is in a state of flux and it is a difficult task to make a comparison to understand which one offers the best deal. We've created LowerBills to help guide consumers throughout Australia with impartial information that makes it easy to find which one has the best terms."
Comparison Criteria
LowerBills is a company that wants to give customers a better deal in terms of features and financial benefits among all the credit cards available in Australia. It provides a comparison chart based on the following factors that are quite useful in making an informed choice.
By features:
• Promotional and introductory offers
• Interest Rates
• Balance Transfer Rates
• Annual Fees
• Rewards
• How interest charges and fees are calculated
By Rates
Comparison of credit cards by rates is always a tricky business, as the calculation has to be done on a long term analysis and not the rates shown for short-term. Annual fees and interest charges also need to be considered. LowerBills advises customers to look at the following aspects carefully before coming to any conclusion.
• Whether the rates are the same for purchases and balance transfers
• Checking the rates for cash advances
• If payments are delayed, the rates that are charged as penalty
• Whether the credit card issuing company charges interest on accrued interest and fees
By Reward Programs
Reward programs are a common feature in most credit cards offered in Australia. LowerBills gives a clear comparison of the rewards and benefits offered by banks and credit card companies and it is essential to understand those rewards but also to estimate whether they are ones that can be used or not. Sometimes, attractive reward programs may be a camouflage for higher interest rates and annual fees.
Reward programs are generally offered in the following areas and it is necessary to evaluate what is of value and what is not.
• Entertainment
• Shopping
• Automotive
• Frequent Flyer Miles
• Cash back
LowerBills, by giving the user all this information and guidelines, helps in the selection of the appropriate credit card out of the many available in the Australian market.
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