Top credit cards for the holiday season

So you’ve got the Christmas present lists done, the grocery list sorted, the lunch dates booked and the new year holiday planned. All that’s left to do now is work out how to pay for it all.

Some of the costs of Christmas will inevitably end up on a credit card so now is the time for some strategic shopping of the banking kind. Get rid of those credit cards that have interest rates of 20% or more and add to the wallet a card that will give you jolly good value for your holiday season spend.

0% interest on purchases
Spread out the cost of Christmas with a 0% interest purchase rate credit card. On the average $1600 Christmas spend you could save $142 in interest by switching to a 0% intro rate card for 6 months compared to the average credit card (17.28%). That’s Christmas dinner paid for!

Bankwest Zero:

  • 0% intro rate for six months
  • no annual fee
  • 4.99% balance transfer for 9 months

American Express Platinum Edge

  • 0% intro rate for six months
  • no annual fee
  • 7500 Bonus Qantas Frequent Flyer Points

Low interest credit cards
If you’re unlikely to pay your balance off in full each month then opt for a low interest rate card so that your monthly repayments will go towards paying down your debt rather than just paying off interest.

Teachers Mutual Visa Platinum: 9.99% ongoing interest rate
Virgin Low Rate Credit Card: 10.99% ongoing interest rate
Bankwest Breeze MasterCard: 10.99% ongoing interest rate

Price protection credit card
Nothing is more irritating than paying top dollar before Christmas only to see the $300 espresso machine you bought go on sale at 50% off on boxing day. A relatively new feature of some credit cards is price protection insurance which  means that if you find goods you buy cheaper within a set time frame you simply claim the difference.

Bankwest Breeze MasterCard Gold / Platinum:

  • Price protection within 21 days of purchase
  • Price difference must be greater than $75
  • Refunded up to $350 ($500 for platinum)
Top credit cards for the holiday season was last modified: July 27, 2015 by Mozo

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