Using BNPL this silly season, 5 Christmas movie classics & last minute shopping rewards: This week’s best banking news
- Where can I use Buy Now Pay Later for Christmas?
- Aussie apartments vs. houses in 2021
- 5 Christmas movie classics & where to watch them
- Joint personal loans: pros & cons
- UBank's new 1.99% variable home loan rate is its lowest ever
- Credit cards for last-minute Christmas shopping
All in this week’s best banking news recap: editor’s pick.
Where can I use Buy Now Pay Later for Christmas?
Still need to do some last-minute Christmas shopping? Well, if you’re looking for a way to help spread out the cost, then you might consider using Buy Now Pay Later (BNPL).
Opting to shop with Afterpay, Zip, or other Buy Now Pay Later services means that you can reduce the amount of money you spend upfront and instead pay off the total over time in instalments.
Read the full article: Where can I use Buy Now Pay Later for Christmas? to get you locked and loaded for any last-minute Christmas shopping.
Aussie apartments vs. houses in 2021
It’s no secret that the Aussie property market has been booming this year. Over the past 12 months, dwelling prices (both houses and units) went up by a whopping 22%, bringing the median Aussie home price up by an additional $126,700.
“Dwelling prices combine both houses and units, and while units certainly haven’t underperformed, they have been overshadowed by the meteoric rise in house prices,” said Mozo Money Writer Niko Iliakis.
New research from property research firm CoreLogic has revealed that the median capital city house price now sits 37.9% higher than the median capital city unit price.
Read full article: How have Aussie apartments fared in 2021 compared to houses? for the full scoop.
5 Christmas movie classics & where to watch them
We’re a little over a week away from Christmas, folks! Not feeling it just yet? Well, there’s nothing worse than being stuck with a “Grinch” at this time of year.
So for the sake of those around you, it’s time to get into the festive spirit. So pop on your ugliest festive attire and get ready for the Christmas movie marathon of the century!
Read the full article: 5 Christmas movie classics & where to watch them for the ultimate Christmas movie marathon.
Joint personal loans: pros & cons
Many Aussies split bank accounts, home loans and other financial banking products with a relative or significant other, but have you ever heard of a joint personal loan?
With a joint personal loan, two people take out and repay a personal loan together. There are different pros and cons to going in on a joint personal loan versus taking one out on your own, which we discuss in the article below.
Read the full article: Why you might consider a joint personal loan in 2022: Benefits and risks revealed for all the ins and outs.
UBank's new 1.99% variable home loan rate is its lowest ever
Did someone say home loan rate cut? That’s right, folks. UBank has recently cut a whopping 113 basis points off its variable rate UHomeLoan - Discount Offer, bringing it down to 1.99% p.a. (1.99% p.a. comparison rate*).
UBank’s new rate is now sitting below the average variable home loan rate for owner-occupiers in Mozo’s database.
Read the full article: UBank's new 1.99% variable home loan rate is its lowest ever for the full scoop.
Credit cards for last-minute Christmas shopping
The silly season is a time of increased spending for many Aussies, and with the right credit card up your sleeve, you could score yourself some extra bang for your buck in rewards.
To help you pick the right piece of plastic, here’s a rundown on a handful of credit cards from the Mozo database and some of the different perks they come with.
Read the full article: Top credit cards for online shopping: Mozo editor’s picks for Christmas spending for a full rundown.
Looking for the right piece of plastic to suit your needs? Then be sure to check out our free credit card comparison tool below so you can start comparing credit cards today:
Compare Credit Cards today - last updated 19 March 2024
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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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American Express Platinum Edge Credit Card
Enjoy $0 Annual Card Fee (usually $195) in the first year when you apply online and are approved. T&Cs apply. New Card Members only. Offer subject to change without notice.
Purchase rate
23.99% p.a.Balance transfer rate
No current offerAnnual fee
$195 $0 in the first yearRewards program
Membership RewardsCompareComparePlatinum Edge Credit Card
Enjoy $0 Annual Card Fee (usually $195) in the first year when you apply online and are approved. T&Cs apply. New Card Members only. Offer subject to change without notice.
- Purchase rate
- 23.99% p.a.
- Balance transfer rate
- No current offer
- Annual fee
- $195 $0 in the first year
- 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
- 0.0
- Foreign exchange margin
- 3.00%
- Annual card fee
- $195 $0 in the first year
- Late payment fee
- $30.00
- Cash advance fee
- 2%, min $2.50
Read our Mozo Review to learn more about the Platinum Edge Credit Card
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Apply By 2 Apr 2024
American Express Qantas Ultimate Card
Receive 100,000 bonus Qantas Points when you apply online by 2 April 2024 , are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months. T&Cs apply. Available to 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 100,000 bonus Qantas Points when you apply online by 2 April 2024 , are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months. T&Cs apply. Available to 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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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. Complimentary domestic & international Travel Insurance (T&Cs apply). Up to 55 days interest free on purchases. $395 annual fee.
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. Complimentary domestic & international Travel Insurance (T&Cs apply). Up to 55 days interest free on purchases. $395 annual fee.
- 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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G&C Mutual Bank Platinum Visa Credit Card
Receive 50,000 bonus Qantas Points when you apply, are approved, and spend $5,000 on eligible purchases on your new G&C Mutual Bank Platinum Visa Credit Card within 90 days. T&Cs apply. Available to new G&C Mutual Bank Card Members only. Earn 10,000 bonus Qantas Points annually. T&Cs apply. Access Platinum Visa Concierge. Add an additional cardholder at no extra cost.
Purchase rate
19.99% p.a.Balance transfer rate
No current offerAnnual fee
$299Rewards program
Qantas Frequent FlyerCompareComparePlatinum Visa Credit Card
Receive 50,000 bonus Qantas Points when you apply, are approved, and spend $5,000 on eligible purchases on your new G&C Mutual Bank Platinum Visa Credit Card within 90 days. T&Cs apply. Available to new G&C Mutual Bank Card Members only. Earn 10,000 bonus Qantas Points annually. T&Cs apply. Access Platinum Visa Concierge. Add an additional cardholder at no extra cost.
- Purchase rate
- 19.99% p.a.
- Balance transfer rate
- No current offer
- Annual fee
- $299
- Rewards program
- Qantas Frequent Flyer
- Purchase rate
- 19.99% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- No current offer
- Cash advance
- 21.99% p.a.
- Interest free days on purchases
- 50
- Intro fee
- -
- Foreign exchange margin
- 3.00%
- Annual card fee
- $299
- Late payment fee
- $15.00
- Cash advance fee
- $5
Read our Mozo Review to learn more about the Platinum Visa Credit Card
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