Starlink premium satellite broadband tier, James Bond travel guide & $415m Valentine’s Day spend: This week’s best banking news
- Property prices to fall by 10% in 2023: NAB
- Renewable energy records smashed in January led by solar & wind
- No Time to Die: The ultimate James Bond travel guide
- Starlink launches premium satellite broadband tier
- Aussie lovebirds set to spend $415 million this Valentine's day
- Save over $600 on credit card interest with these balance transfer offers
All in this week’s best banking news recap: editor’s pick.
Property prices to fall by 10% in 2023: NAB
Ah, yes. Finally, some good news for the property market. According to a recent analysis conducted by NAB, we expect to see the Australian property market undergo a correction this year before experiencing a significant drop in 2023.
NAB’s latest Quarterly Property Survey revealed that despite experiencing a slight dip towards the end of 2021, capital city prices are expected to rise by approximately 3 per cent this year. Then in 2023, we should see capital city property values drop by 9.3%.
Read the full article: Property prices to fall by 10% in 2023: NAB for the full wrap-up.
Renewable energy records smashed in January led by solar & wind
In January, we saw numerous Aussie states set records in renewable energy production while clean power infrastructure in Western Australia continued to dominate the market .
“Across the country, three states saw new production records, with New South Wales leading the way with the largest total output,” said Mozo Money Writer Cooper Langby.
“Western Australia had the greatest performing individual utilities, with the top five wind farms and top two solar installations in the country all within the state.
Read the full article: Renewable energy records smashed in January led by solar and wind for more information.
No Time to Die: The ultimate James Bond travel guide
The name’s Zo. Mo-zo. … What do our travel insurance hub and every James Bond movie known to man have in common? Epic locations.
And after watching No Time to Die (2021) - A.K.A., the latest instalment in the iconic film franchise, we couldn’t help but feel inspired.
So, if you’re ready to live life on the edge - then start by diving into our Ultimate James Bond travel guide.
Read the full article: No Time to Die: The ultimate James Bond travel guide for all you need for an epic international escape.
Starlink launches premium satellite broadband tier
This just in: Elon Musk’s SpaceX-owned Starlink satellite broadband has just launched a premium tier of its internet service, offering even faster speeds for high-demand users and businesses.
“The premium Starlink service will see speeds between 150Mbps-500Mbps for users with latency of 20-40ms, which the company says will enable high throughput connectivity for small offices, storefronts and “super users” with a greater bandwidth need,” said Mozo Money Writer Cooper Langby.
Read the full article: Starlink launches premium satellite broadband tier for the full scoop.
Aussie lovebirds set to spend $415 million this Valentine's day
Whip out your wallets, fellas. It’s that time of year again. Valentine’s Day …
According to a recent survey conducted by the Australian Retailers Association (ARA) about the gift-giving intentions of 2,717 Australians, the average Aussie plans to spend $111 on gifts for their partner this V-Day.
The survey also predicted a massive $415 million spending boom in the lead up to February 14th - astonishingly, this figure is slightly down compared to previous years.
Read the full article: Aussie lovebirds set to spend $415 million this Valentine's day for all the tea.
Save over $600 on credit card interest with these balance transfer offers
According to the RBA, Aussies are racking up interest on a whopping $17.24 billion worth of credit card debt each month. This means it might be time to look into taking up a balance transfer offer to help rid yourself of debt.
In case you were wondering, a balance transfer is when you move an existing credit card debt onto a new balance transfer card to pay off at a much lower interest rate for a set term.
“Mozo discovered you could save $696 when switching from a card with the average rate and annual fee from those on the Mozo database (17% p.a. and $135 annual fee) on a $4,200 balance paid off over 12 months using a 0% p.a. balance transfer offer,” said Mozo Money Writer Ava Crawford.
Read full article: You could save over $600 on credit card interest with one of these top balance transfer offers for more details.
Looking to find a new piece of plastic? Start your search by comparing credit card options today with our free credit card comparison tool below:
Compare Credit Cards today
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NAB Low Rate Card - Balance Transfer Offer
Spend with confidence with a low 13.49% p.a. variable purchase rate and 0% p.a. interest on balance transfers for the first 28 months (T&Cs apply). 2% balance transfer fee applies. There’s also up to 55 interest free days on purchases to help you manage your budget better when you make minimum repayments. Minimum credit limit $1,000. No annual fee for the first year (usually $59).
Purchase rate
13.49% p.a.Balance transfer rate
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)Annual fee
$59 $0 in the first yearRewards program
-CompareCompareLow Rate Card - Balance Transfer Offer
Spend with confidence with a low 13.49% p.a. variable purchase rate and 0% p.a. interest on balance transfers for the first 28 months (T&Cs apply). 2% balance transfer fee applies. There’s also up to 55 interest free days on purchases to help you manage your budget better when you make minimum repayments. Minimum credit limit $1,000. No annual fee for the first year (usually $59).
- Purchase rate
- 13.49% p.a.
- Balance transfer rate
- 0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
- Annual fee
- $59 $0 in the first year
- Rewards program
- -
- Purchase rate
- 13.49% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- 0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
- Cash advance
- 21.74% p.a.
- Interest free days on purchases
- 55
- Intro fee
- 0.0
- Foreign exchange margin
- 3.00%
- Annual card fee
- $59 $0 in the first year
- Late payment fee
- $15.00
- Cash advance fee
- 3%, Min $3
Read our Mozo Review to learn more about the Low Rate Card - Balance Transfer Offer
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Citi Rewards - Balance Transfer and Purchases offer
Enjoy 0% p.a. for 15 months on purchases and balance transfers. Balance transfer reverts to cash advance rate. Earn up to 1 Citi reward Point per $1 on eligible transactions. Access up to 3 months complimentary International Travel Insurance and up to 14 days Domestic Travel Insurance with a Citi Rewards Credit Card when meeting eligibility criteria. Apply for a credit limit from $2,000 up to $100,000. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc.
Purchase rate
0% p.a. for 15 months then 21.49% p.a.Balance transfer rate
0% p.a. for 15 months and then 22.24% p.a.Annual fee
$199Rewards program
Citi Rewards ProgramCompareCompareRewards - Balance Transfer and Purchases offer
Enjoy 0% p.a. for 15 months on purchases and balance transfers. Balance transfer reverts to cash advance rate. Earn up to 1 Citi reward Point per $1 on eligible transactions. Access up to 3 months complimentary International Travel Insurance and up to 14 days Domestic Travel Insurance with a Citi Rewards Credit Card when meeting eligibility criteria. Apply for a credit limit from $2,000 up to $100,000. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc.
- Purchase rate
- 0% p.a. for 15 months then 21.49% p.a.
- Balance transfer rate
- 0% p.a. for 15 months and then 22.24% p.a.
- Annual fee
- $199
- Rewards program
- Citi Rewards Program
- Purchase rate
- 0% p.a. for 15 months then 21.49% p.a.
- Intro purchase rate
- 0% p.a. for 15 months
- Balance transfer rate
- 0% p.a. for 15 months and then 22.24% p.a.
- Cash advance
- 22.24% p.a.
- Interest free days on purchases
- 44
- Intro fee
- -
- Foreign exchange margin
- 3.40%
- Annual card fee
- $199
- Late payment fee
- $30.00
- Cash advance fee
- 3.5%, min $3.50
Read our Mozo Review to learn more about the Rewards - Balance Transfer and Purchases offer
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Apply By 14 Jan 2025
American Express Qantas Ultimate Card
Receive 50,000 bonus Qantas Points when you apply online by 14 January 2025, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months of your approval date. T&Cs apply. Available for new American Express Card Members only.
Purchase rate
23.99% p.a.Balance transfer rate
No current offerAnnual fee
$450Rewards program
Qantas Frequent FlyerCompareCompareQantas Ultimate Card
Receive 50,000 bonus Qantas Points when you apply online by 14 January 2025, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months of your approval date. T&Cs apply. Available for new American Express Card Members only.
- Purchase rate
- 23.99% p.a.
- Balance transfer rate
- No current offer
- Annual fee
- $450
- Rewards program
- Qantas Frequent Flyer
- Purchase rate
- 23.99% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- No current offer
- Cash advance
- -
- Interest free days on purchases
- 44
- Intro fee
- -
- Foreign exchange margin
- 3.00%
- Annual card fee
- $450
- Late payment fee
- $30.00
- Cash advance fee
- 2%, min $2.50
Read our Mozo Review to learn more about the Qantas Ultimate Card
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Kogan Money Black Card
Get 0% p.a. on purchases and balance transfers for 9 months with a 1% balance transfer fee. Reverts to cash advance rate. $0 annual fee to pay. Earn 2 rewards points per dollar on your eligible purchases at Kogan.com & 1 rewards point per dollar on your everyday purchases, almost anywhere (T&Cs apply). FREE Kogan First membership valued at $129/year. Add up to 4 additional cardholders at no cost.
Purchase rate
0% p.a. for 9 months then 21.99% p.a.Balance transfer rate
0% p.a. for 9 months and then 22.74% p.a. (1.00% balance transfer fee)Annual fee
$0Rewards program
Kogan Rewards PointsCompareCompareBlack Card
Get 0% p.a. on purchases and balance transfers for 9 months with a 1% balance transfer fee. Reverts to cash advance rate. $0 annual fee to pay. Earn 2 rewards points per dollar on your eligible purchases at Kogan.com & 1 rewards point per dollar on your everyday purchases, almost anywhere (T&Cs apply). FREE Kogan First membership valued at $129/year. Add up to 4 additional cardholders at no cost.
- Purchase rate
- 0% p.a. for 9 months then 21.99% p.a.
- Balance transfer rate
- 0% p.a. for 9 months and then 22.74% p.a. (1.00% balance transfer fee)
- Annual fee
- $0
- Rewards program
- Kogan Rewards Points
- Purchase rate
- 0% p.a. for 9 months then 21.99% p.a.
- Intro purchase rate
- 0% p.a. for 9 months
- Balance transfer rate
- 0% p.a. for 9 months and then 22.74% p.a. (1.00% balance transfer fee)
- Cash advance
- 22.74% p.a.
- Interest free days on purchases
- 55
- Intro fee
- -
- Foreign exchange margin
- 3.40%
- Annual card fee
- $0
- Late payment fee
- $30.00
- Cash advance fee
- 3.50%, min $5.00
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American Express Explorer® Credit Card
Receive 50,000 Bonus Membership Rewards Points when you apply online, are approved, and spend $4,000 on eligible purchases on your new Card within the first 3 months. T&Cs apply. New Card Members only.*
Purchase rate
23.99% p.a.Balance transfer rate
No current offerAnnual fee
$395Rewards program
Membership RewardsCompareCompareExplorer® Credit Card
Receive 50,000 Bonus Membership Rewards Points when you apply online, are approved, and spend $4,000 on eligible purchases on your new Card within the first 3 months. T&Cs apply. New Card Members only.*
- Purchase rate
- 23.99% p.a.
- Balance transfer rate
- No current offer
- Annual fee
- $395
- Rewards program
- Membership Rewards
- Purchase rate
- 23.99% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- No current offer
- Cash advance
- -
- Interest free days on purchases
- 55
- Intro fee
- -
- Foreign exchange margin
- 3.00%
- Annual card fee
- $395
- Late payment fee
- $30.00
- Cash advance fee
- 2%, min $2.50
Read our Mozo Review to learn more about the Explorer® Credit Card
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