Qudos Bank Lifestyle

Mozo snapshot:

The Qudos Bank Lifestyle credit card is a low cost, no frills, no fee product which is great for everyday use. The no interest free days, however, are a definite downside, as customers have to be hyper-vigilant with repayments to avoid paying too much interest.

Key features:

The Qudos Bank Lifestyle credit card is a super-cheap product. Not only is there a 4.99% introductory rate for 5 months, but the standard purchase rate is only 12.34% and there is no annual fee. The cash advance rate is even low, sitting at a surprisingly affordable and consistant 12.34%. But as cheap as the card is, do be wary of the non-existent interest free period - it's in your best interests to pay off any balance as soon as possible to avoid racking up debt.

The Lifestyle credit card is also a good option for travellers. Customers are able to use the card anywhere that accepts Visa - that's over 24 million locations across the world. Customers who find themselves in strife while travelling have access to Visa's 24 hour worldwide emergency hotline. But the foreign exchange margin of 3.65% is a little high, so many overseas transactions might not be a good option.

Who it's good for:

The Qudos Bank Lifestyle credit card is a great option for anyone who is super organised with their repayments and can avoid be charged more interest than needed.