Australia, you have a debt problem. And banks are falling over themselves trying to get you into more debt. But if you are wise and pay off your cards before the due date, you can take advantage of the many offers out there. Commonwealth Bank is offering $250 if you sign up to their low rate credit card. By low rate, they mean 13.49% which is astronomical but like I said, you shouldn't be paying that if you set up your direct debits to pay off your debts before the due date. There is an annual fee of $59 which can be waived after the fact by asking for a change to a no fee card.So if you know how to manage your finances, here's to another $250 cold hard cash.
hi there,
ReplyDeleteIs the annual fee charge to the card after a year ? So just have to call in before the anniversary of the annual fee date and change to a no fee card ?
The Annual fee is charged straight away but if you choose to switch to a low rate credit card after you have started using the card and got the cashback, they tend the $59
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