Bank SA

Match their credit cards with features that include rewards and balance transfers as well as low-rate offers.

Their credit cards are intended to suit all sorts of different needs, with no yearly fees as well as low rate cards, their card reward option includes premium features.

Perhaps you may also enjoy introductory offers such as bonus points or maybe promotional 0 % interest for purchases or balance transfers although it would depend on when you apply for a credit card with BankSA.

Features and benefits

• A low-interest rate – This option offers competitive variable interest rates on all your purchases as well as the option of premium extras.
• Qantas points – You are able to earn Qantas points on eligible purchases, redeem them for upgrades or Qantas flights and perhaps some merchandise from Qantas stores.
• A balance transfer - Transfer balances of up to three cards to your BankSA card, you can also take advantage of their promotional balance transfer rate. Please note that this is only for a set period. They are currently offering promotions on these cards.
• No annual fee – This means that it’s a simple everyday card that offers no annual fee, it’s pretty straightforward and the 0 % offer is for as long as you have the card.
• Limited edition cards – Make eligible purchases and redeem them for upgrades, flights, gift cards and merchandise and earn Qantas or Rewards points, this is for a limited time and it is exclusively for their Adelaide design.

Bank SA share’s a selection of credit card on how you can make the most of your card’s capabilities and how to minimise your fees.

Your credit card can go a long way when you know how to use your credit card and can even be used for debt consolidation. By making regular payments you reduce the outstanding balance thus lowering interest being paid. You could also make more than the minimum repayment in order to reduce your outstanding balance sooner than the due date,  or paying your balance in full as per due date on your statement whenever the opportunity permits you to do so.

Interest-free period

It’s also a good idea to make your purchases on interest-free days. You can also avoid interest if you pay your credit card balance in full by taking advantage of the interest-free period. Bearing in mind that there are transactions like quick loans that don’t offer interest-free days. Late payments are costly so avoid those extra fees for being over your limit because of late payment.

Avoid missing your minimum repayment on due date on your credit card because exception fees are charged or when your account balance runs into arrears and exceeds your credit limit. Payments fees applied on credit cards for missed or late payments will cost you $15.

Try and keep tabs on your account so that you know when you are close to your limit. You do this by checking via SMS, Mobile Banking or Phone Banking, use SMS or Email alerts.