Monday moneyvator: Take advantage of bank freebies

Monday moneyvator: Take advantage of bank freebies

In week 2 of our moneyvator series, we talked about how Aussies should say goodbye to bank fees and charges. Now we want to take things a step further, by highlighting some of the many bank freebies available that are sure to get your Monday off to a great start and plump up your piggy bank.

So shall we get started? From cash back offers on your credit card to rewards points through your bank account, here’s a range of something for nothing offers available now:

Credit cards

Commonwealth Bank Low Rate Credit Card – Introduced last Friday, CommBank is offering 5% cash back of up to $50 a month with its Low Rate Credit Card every time you make a “tap and go” purchase under $100 (available for the first 3 months once you’ve activated the card). Other features of the card include a low 13.49% interest rate, $59 annual fee and a lengthy 55 interest free days.

Woolworths Money Everyday Platinum Credit Card – Woolworths Money is offering customers who apply by 31 August and make a purchase by 31 October a $100 Woolworths Gift Card. The plastic has other goodies as well, earning you 1 point per $1 on Visa, which hikes up to 2 points for every $1 spent in Woolworths outlets and 3 points for every $1 spent on Woolworths branded ‘Select’ products. Just keep in mind, apart from a $49 annual fee ($0 in the first year), if you get behind on your payments you’ll be charged the hefty 19.99% interest rate.

Bank accounts  

ING DIRECT Orange Everyday – There’s a lot to love about this everyday transaction account, with a 2% ongoing cashback offer for “tap and go” purchases and free withdrawals from any ATM in Australia, as long as you deposit $1,000 into the account each month (AKA your salary). Plus the Orange Everyday comes with no account keeping fees.

Bankwest Rewards Transaction Account – If you prefer racking up juicy rewards points, then the Rewards Transaction Account could be just for you. You’ll earn 1 point for every $100 on your account balance every day, as well as 5 points per eligible purchase at Australian based retailers and 10 points on overseas shopping online and abroad. You’ll also be exempt from paying the $6 account keeping fee, as long as you deposit at least $2,000 each month.

Home loans

ING DIRECT Orange Advantage Offset Home Loan – ING DIRECT has extended its cash back offering to its Orange Advantage Offset Home Loan. Which means you’ll receive 1% cash back of up to $30 per month by simply making your home loan repayments. Other requirements include opening an Orange Everyday and depositing at least $1,000 into the account per month. With rates starting from 4.13% and no application fee the home loan itself is a compelling offer.

Macquarie Basic Home Loan – You’ll fly high with the juicy rewards points that come with Macquarie’s Basic Home Loan, earning you 10,000 Qantas Points for every $100,000 drawn at settlement, 1,000 points for every month your loan balance is over $150,000, and 25,000 points on the 3rd and 5th anniversaries of settlement. But there is a price to pay for these competitive bonus points, as your interest rate will lift by 0.05%.

Want more money motivations for your Monday? Then check out the below moneyvators for thrifty tactics and tips:

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Credit-card-debt-thumbBlast your credit card debt this financial year

If you’re one of the many Aussies with debt hanging around on a credit card with a high interest rate attached, here are four winning strategies for cracking your credit card debt.

 

Tax-return-tips-thumbPrepare your tax documents for a hassle free return

Whether you’ll be submitting your return yourself on the Government’s myTax website or hiring a tax accountant to crunch the numbers for you, here are the top things to put on your tax checklist.

Monday moneyvator: Take advantage of bank freebies was last modified: August 3, 2015 by Rebeccah Elley

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