humm90 Mastercard - 0% for 36 Months on Balance Transfers with No Balance Transfer Fee ($99 Annual Fee)

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Store Repfindercomau on 14/12/2020 - 17:10 finder.com.au (477 clicks)
Last edited 14/12/2020 - 18:09 by 1 other user

Available until 31 January 2021 and only via Finder, the humm90 Mastercard (previously Skye Mastercard) offers 0% interest for 36 months on balance transfers with no balance transfer fee. The longest interest-free balance transfer offer on the market! It also offers 110 days interest-free on everyday purchases, and 9-, 12- or 15-month 0% interest instalment plans for purchases of at least $250 or those made with selected retailers. The humm90 Mastercard charges a $99 annual fee.

If you apply elsewhere, there is no balance transfer offer.

Eligibility. To apply, you need to:

• Be 18 years of age or over, and
• Earn at least $25,000 per year, and
• Be a permanent Australian resident, and
• No history of bad debt or payment default
• Balance transfer must be requested within 30 days of account opening and can transfer up to 90% of your available credit limit from credit and store cards not issued by humm Group.

Features of this card

• 3 year balance transfer offer. Save on interest charges with 0% p.a. on balance transfers for up to 36 months with no balance transfer fee when you apply through Finder by 31 January 2021. Any unpaid balance at the end of the introductory period will revert to the cash advance interest rate of 25.99% p.a.
• 110 days interest-free on purchases. This card offers an interest-free period of up to 110 days on every purchase you make. At the end of the 110-day period, the standard 23.99% p.a. purchase rate will apply to the balance.
• $99 annual fee. You’ll be charged a $99 fee each year on your card anniversary.
• Interest rates. Purchase interest rate of 23.99% p.a., cash advance rate of 25.99% p.a.
• 0% foreign transaction fees. The humm90 Mastercard charges a 0% foreign transaction fee when you're travelling overseas or shopping online with an international retailer.
• Interest-free instalment plan options. Offers interest-free instalment plans of 9-, 12- and 15-months for purchases of $250 or more. It also offers interest-free instalment plans at partner retailers. humm90WRAP instalment plans attract an establishment fee as a percentage of the purchase amount (3% for a 9-month plan, 4% for a 12-month plan and 5% for a 15-month plan).

Related Stores

Finder

Third-Party

humm90

• 

  dave78234 on 14/12/2020 - 17:29

  +3

  That annual fee kills it for me.

  • 

    ioga on 14/12/2020 - 17:52

    +3

    It's not great but if you transfer over 10k then you will effectively be paying just around 1% interest p/a for up to 36 months, right? Is there any better alternatives?

    • 

      [Deactivated] on 14/12/2020 - 18:01

      you will effectively be paying just around 1% interest p/a

      Kind of. Depends on how much the person is paying off over that 12 months, of course. The more they pay off, the higher the effective annual percentage rate.

      But your point stands. It does look pretty competitive IMHO, especially as it's for up to three years and there is no minimum spend in the first year.

      • 

        ioga on 14/12/2020 - 18:13

        Yep that's what I was referring to. I imagine a person who have a high credit limit (ie 30k) can use 25k to buy a car or something before Jan21 and transfer it to this one, effectively paying .4% interest over 3years (terms and conditions notwithstanding).

        • 

          gadgetguy on 14/12/2020 - 18:26

          @ioga: No chance of that based on my experience - got accepted with $7.5k limit. I have superb credit and a high salary.

          Waste of time.

        • 

          Grimier on 14/12/2020 - 20:42

          @ioga: @ioga Care to explain how one could do that ? It kinda matches my situation.

• 

  AussieGargain on 14/12/2020 - 17:31

  If you did the balance transfer, do you lose the 110 days interest free purchases?

  • 

    Store Repfindercomau @ Finder on 15/12/2020 - 10:49

    Transferring a balance does not automatically disqualify you from the interest-free period. You'll be eligible for up to 110 days interest-free on purchases when you meet the criteria below.

    Pay by the due date shown in the humm90 Account Statement all:
    - (a) overdue amounts from previous Statement Periods;
    - (b) Transactions or fees for which the Interest Free Period expired in that or previous Statement Periods;
    - (c) interest or other charges debited to the humm90 Account during that or previous Statement Periods;
    - (d) any adjustments made to your account; and
    - (e) any Instalment Repayments due during that Statement Period (if any).

    This is from clause 4.4 of the Conditions of Use and Credit Guide

• 

  webtherapist on 14/12/2020 - 17:32

  -4

  the annual fee is an (mod edited) to me, no thanks

• 

  cski on 14/12/2020 - 18:14

  latitude finance card has been better to me than the offer here :(
  9 months is a sneaky way to extract a manual application to apply for the service at % purchase obviously difficult to determine throughout the application process.

  my Latitude is automatically separated to the 6 months (~180 days) interest free effortlessly

  If however you like any of the 0% longterm 0% interest retailers you may like the card
  Humm 90 shop-interest-free

  • 

    jimbobaus on 14/12/2020 - 18:39

    Did you get their survey recently?
    Based on the questions they asked I suspect they are making changes to their cards.

    Similar to the offer here from the survey questions :(

• 

  gadgetguy on 14/12/2020 - 18:25

  -2

  Hopeless - got offered a tiny credit limit, don't waste your time.

• 

  jimbobaus on 14/12/2020 - 18:41

  Flexirent owns Humm
  Avoid at all costs.

  High interest rates
  Fees and charges hidden in the terms and conditions

  Balance transfer offer might be decent but not worth it to be stuck dealing with flexirent for anything.

  • 

    KangaDrew on 14/12/2020 - 20:04

    +1

    Some history for you:

    • FlexiRent don't own Humm (and they never did) but also, they don't exist anymore
    • FlexiRent was a product within FlexiGroup and FlexiGroup has now been rebranded as Humm Group
    • This means Humm Group owns Humm
    • And the Humm products are vastly different from FlexiRent
    • 

      jimbobaus on 14/12/2020 - 21:37

      +3

      Changed their name
      Kept their policies.
      My comment stands.

      By the way.
      Flexigroup is still flexigroup and has not changed their name.
      Literally says it at bottom of evey humm page

      “is a subsidiary of FlexiGroup Limited”

    • 

      Jef Tino on 15/12/2020 - 08:09

      So looks like what jimbobaus said, just with some corporare sorcery to mask it?

    • 

      burningrage on 16/12/2020 - 09:32

      Good to know! I was wondering what happened with Skye.

  • 

    V4lkyrie on 14/12/2020 - 21:59

    +2

    Depend on what you're looking for.

    Most of credit card with benefit will have annual fee, there will be late payment fee and dishonour fee. There will be interest anyway for any credit card if not paid on time.

    If you're thinking to spend a lot of money during Christmas, use your other credit card to get point and do balance transfer to this card. So you will have point on the other card and instalment payment over 3 years. Other credit card usually will have 2% balance transfer and only 80% so use it for big ticket item.

    as mentioned above, it's good if you're thinking to buy car using your credit card and it's cheaper than using personal loan. But again alot of people, didn't get credit limit that they want.

    • 

      Kossac on 14/12/2020 - 22:16

      Thanks for insight :)

• 

  coolsteps on 14/12/2020 - 22:34

  that explains things that they have rebranded since i got an unexpected email from humm saying my bundll account was suspended and asking for a selfie with id before they could lift it. wish they increase the 1k limit as im putting through thousands.

• 

  cski on 15/12/2020 - 08:06

  Didn't find balance transfer request anywhere in application process, mobile app, logged into website, or anywhere on their public website

  Anyone happen to know?

  • 

    Store Repfindercomau @ Finder on 15/12/2020 - 11:01

    -1

    Hey there,
    The balance transfer request is available once you're approved. Upon approval you're issued a Customer ID, at which point you can log-in online or through the app and request the balance transfer. Keep in mind that for this promotion you have to make the request within 30 days of approval.

    • 

      cski on 15/12/2020 - 18:43

      i would need something more specific first experience than that.

      Account is approve, id issued, account logged in and balances etc displayed but no balance transfer icons links or faqs as would be expected.

      thanks for the 30 days advice t does relieve any rush anxiety
      I'll try again later in the week

      • 

        Store Repfindercomau @ Finder on 16/12/2020 - 11:46

        Thanks for letting us know! If it doesn't show up, please give humm a call at 1300 115 533

        • 

          cski on 22/12/2020 - 21:03

          @findercomau: note they actually send a separate application few days later to initiate a Transfer

          Thanks

    • 

      whitedingo on 07/01/2021 - 18:34

      I'd been approved by humm90 online and received a card.

      But they wouldn't honour the 36-month interest free balance transfer?!?

      They said I had to cancel may card/account and re-apply again through Finder directly to get that 36-month deal?!?

      So I've cancelled.

      Looking to reapply again, which probably won't look great on my credit report, assuming humm90 lodge an inquiry every time they have an application?

      Will it be approved? Details are all the same.

      And what is the direct link on Finder for the application?

      Thanks.

      • 

        gadgetguy on 07/01/2021 - 19:11

        That's crap. Yes it will be a black mark on your credit report.

        If you don't mind, what limit did you get, out of interest?

        • 

          whitedingo on 11/01/2021 - 18:41

          @gadgetguy: 20K approved.

          Still no response from the Store Repfindercomau here?!?!?

          @findercomau

          Disappointing.

• 

  whitedingo on 11/01/2021 - 20:59

  Where's the link application for the 36 month interest free now?

  Log onto Finder, no link?!?!?