Get $500 Paid Off Your Credit Card By Mozo

9:10AM December 9, 2008 | Angus Kidman

Regular Lifehacker readers will be familiar with Mozo, the finance comparison service which we talked about when it launched back in October. Using Mozo’s personalised search tools, you can compare and shortlist products and check out reviews from thousands of real customers. If you’ve been giving your credit card a battering in the lead up to Christmas, you’ll especially like Mozo’s free Health Check service which shows you how to detox your debt by switching to a better value credit card for your personal financial situation.
To celebrate the service, and because they’re nice guys who know Christmas does terrible things to a person’s wallet, Mozo is offering one Lifehacker reader the chance to get $500 paid off their credit card. To enter the contest, just log onto Mozo and take the credit card Heath Check. Then post the amount you would save by switching banks or cards as a comment back here on this post, along with a reason why you should be the winner in 25 words or less. Each entry will be individually judged and the most creative response will get the prize. There’s $500 on offer; what exactly are you waiting for? The competition closes December 16, so get cracking! Check out the full terms and conditions here.

Comments

Tayls

December 11, 2008 at 5:06 PM

Strangely only $435.83 so barely worth changing cards… So clearly the only thing to help would be a Lifehacker 5 Gorilla handshake!

Christian

December 11, 2008 at 7:17 PM

# over that time you’ll pay a total of $7,149.80 in interest and fees
# by switching providers, you could pay off your card in just 3 years 8 months with the same monthly payments
# this would save you $6,069.38 in interest and fees

Yikes. Looks like I have a new new years resolution.

Erin

December 15, 2008 at 11:12 AM

“with your monthly payments, it’ll take 11 months to repay your current card
over that time you’ll pay a total of $346.70 in interest and fees
by switching providers, you could pay off your card in just 11 months with the same monthly payments
this would save you $246.20 in interest and fees”

Interesting….$246.20 savings + the $500 I’m going to win from Mozo….that’s a total of $746.20 to take my best mate skydiving for his birthday and arrange to land in a pool of Moet!!!! (ok that part may be for me :p )

cosmin

December 15, 2008 at 2:41 PM

* based on the average monthly balance you entered, you could pay a total of $219.84 in interest and fees over the next 3 years on your current card
* by switching credit cards, you could save $147.90 in interest and fees
———
The $500 will be a nice gift for my birthday, which is when competition closes ;)

cosmin

December 15, 2008 at 2:48 PM

* based on the average monthly balance you entered, you could pay a total of $219.84 in interest and fees over the next 3 years on your current card
* by switching credit cards, you could save $147.90 in interest and fees
——
The $500 will be a very nice gift for my birthday, which is when competition closes ;)

B8two

December 16, 2008 at 12:10 AM

I have Five Cards:
ANZ First (no annual fee ever promo): Your existing credit card comes out on top as the best for your personal situation, based on the details you entered.
Coles source MasterCard: Your existing credit card comes out on top as the best for your personal situation, based on the details you entered.
Virgin Money MasterCard: Your existing credit card comes out on top as the best for your personal situation, based on the details you entered.
Amex Qantas Frequent flyer (I think a promo too): Your existing credit card comes out on top as the best for your personal situation, based on the details you entered.

——-Competition Entry: ——-
Mozo gives advice out for free,
so how about the $500 for me?
for a home with my wife
For the rest of my life

Clarice83

December 16, 2008 at 12:15 AM

Your existing credit card comes out on top as the best for your personal situation, based on the details you entered.

Competition Entry:
$500 of advice,
For me and my wife,
to live a fine life
in paradise

Umesh

December 16, 2008 at 8:50 AM

based on the average monthly balance you entered, you could pay a total of $940.32 in interest and fees over the next 3 years on your current card
by switching credit cards, you could save $196.95 in interest and fees

Why should I win? Because then I’d be debt free ahead of schedule and can start saving for a house. A noble aim, surely?

jR

December 16, 2008 at 11:17 AM

# by switching providers, you could pay off your card in just 2 years 4 months with the same monthly payments
# this would save you $1,043.64 in interest and fees

===

Without $500, I may just have to deposit a Chuck Norris roundhouse kick to Commonwealth Bank for letting me screw myself over for 10 years.

Brad

February 19, 2009 at 9:09 PM

It’s good that you promoted this service, but why didn’t you compare it to helpmechoose.com.au?

Money