Ive been on OzBargain since 28/11/2007!
This is a pretty good deal imo.
No interest periods on the card on purchases till 1st July 2014
$59 Annual Fee.
NAB also have a great easy to use Android App. I dont know about iOS as I dont use iOS.
Note: You must pay off the min balance off the statement each month.
Cuz no rewards and 0% on purchases is a good deal? You cant expect rewards and low interest… dosnt go both ways sorry…
Its designed for new purchases not for Balance Transfers
Actually……
If you can live with 44 days interest free and a yearly fee of $65
Then you can apply for the NAB Flybuys Card (promo going on till end of Nov)
http://www.nab.com.au/personal/campaigns/credit-card-affilia…
Has the 0% p.a. on purchases for 6 months as well as earning you 1 flybuy point per dollar spent.
Depending on your credit limit.
For example if you have a limit of 10k and you need to say in the next 2 months buy xmas gifts. You can delay paying that amount till later on.
Helps if you have a mortgage too.
Apply by 13 Jan 2013? you mean Jan 2014?
Cheers. Fixed
So correct me if im wrong, as long as I pay of the min each month anything a buy on this card (from a shop or online for example) costs me 0%?
Don't see why they still list interest free periods when there shouldn't be any interest?
Yes as long as you do that, you wont pay interest on the amount you spend till 1st July 2014.
They list the interest free period because people arent good with money and get into debt so they have to put the default rate there.
Another example:
If your limit is 10k, you are looking to buy a 5k motorbike tomorow. You have 5k now. So you ask yourself. Do you use cash to buy the motorbike or put the purchase on the card.
Putting it on the card will mean
1. You can spend the 5k cash on something else.
2. Put the 5k into a bank account getting interest till you need to pay it.
It all depends on your situation and how you manage money. But being on OzBargain would generally mean you are good at money spending!
Its interesting this deal just came up, looking at doing some work on my car :D this would cover payment for the next few months with it :D
confirmed some details with NAB
"In terms of the repayments, you will need to may a minimum of 2.5% of the closing statement balance each month as a requirement"
Yes. Just make sure you have the money in 6 or so months time to pay it all off, otherwise you'd be in debt.
Enjoy "free" money :)
Ie: You save as much as the interest you can earn on the money that you didn't have to use to pay off your credit card.
Warning: Requires strict self control to be beneficial.
Warning: Requires strict self control to be beneficial.
Relax, we're Professionals B)
Do you mind to explain more why a credit card with no reward system, 4.99% BT and $59 annual fee is considered as a good deal? For the 0% interest on purchase?