Ratehacker: October's Best Credit Card And Home Loan Deals

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In our monthly Ratehacker round-up, Jeremy Cabral from comparison site finder.com.au highlights the latest credit card deals, plus the best savings accounts and home loans.

Home Loans

October means mortgage season is in full swing. However, with no change to the official cash rate this month, you can't rely on economic cycles alone to score the best deal.

Feature: Variable rate home loan

HSBC Home Value Loan: 3.57% per annum comparison rate (variable), no establishment fee Applicants for this loan in October will have the $600 establishment fee waived. For owner occupiers, you can borrow up to 90% of the value of the property, which is higher than many loans with equivalent rates.

Feature: Investor loan

UBank UHomeLoan (Variable Rate Investor): 3.79% per annum comparison rate (variable) Again, this is a competitive offer for investors. This interest rate is for principal and interest; the interest-only variant has a comparison rate of 4.14% per annum.

Credit Cards

Feature: 0 percent balance transfer

ANZ First Visa Offer: 0% balance transfer for 12 months, plus 0% on purchases for 3 months This finder.com.au exclusive offer lets you transfer up to $14,250 from your current card to a 0% deal. After 12 months, any unpaid debt will revert to the standard rate (currently 21.49%). The card supports Apple Pay, Android Pay and ANZ Mobile Pay.

Feature: Bonus Qantas Frequent Flyer points

Citi Qantas Signature Credit Card: 50,000 bonus points for new applicants To qualify for the bonus points, you must spend $2,000 on the card within 90 days of approval. You can also make a balance transfer at 0% for six months.

Transaction Accounts

Feature: Gaming cashback

St.George Complete Freedom Account: Cash back for online gaming purchases This transaction account has an unusual bonus: you'll get a 10% cash back when you buy an online game and pay using the account's debit card. The deal works for PlayStation Store, Xbox One, Steam, Battle Net, EA Origin and Riot Games. The deal runs from 1 October 2016 to 31 March 2017, and there's a cap of $200 in spend eligible for the cash back each month.

Savings Accounts

Feature: Bonus interest for Tap & Go customers

ME Online Savings Account: 3.05% per annum variable rate for regular Tap & Go users To qualify for the higher interest, you need to open an ME Everyday Transaction Account and make a weekly purchase using your debit card with Tap & Go. If you don't meet that condition, the interest rate is 1.30% per annum.

Personal Loans

Feature: Long loan term

Bank Australia Personal Loan: Loans from 12.94% per annum comparison rate (variable) Most personal loans have a period of 7 years or less, but this loan offers up to 10 years. The minimum loan amount is $1,000.

Travel Insurance

Feature: Policy discount

Tick Travel Insurance: 10% off policies Receive a discount on your travel insurance with this finder.com.au exclusive coupon.

Car Insurance

Feature: Discounted premium and free tablet

Dodo Car Insurance: 25% off for online purchase and free 7" Android tablet Dodo's comprehensive policy includes new for old replacement for the first two years.

Jeremy Cabral is the Publisher at finder.com.au and finder.com which includes tools to compare credit cards, find savings accounts and pick the best mobile phone plans, and a constantly updated database of discounts and coupon codes. Connect with Jeremy on Twitter, LinkedIn and Google+.

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Comments

    Those balance transfer fees are the biggest con in misleading advertising.
    They say 0% for 12 months, but then a balance transfer fee of 3%... so really, It's 3% for 12 months. Except its even worse than that, because you get charged the full 3% up front, instead of gradually over the 12 months.

    At least the annual fee is low on the anz one. (not as good as No annual fee though)

    That citi card you would only use to get the 50k qantas points, but you have to pay $200 annual fee for the privilege, as well as another $50 in order to be able to actually redeem the qantas points.... At best a qantas point is worth about .7c, so thats $350 worth. Using it as an ongoing card, the annual fee is $400 + $50 to have access to the qantas points feature, you would have to spend $93,000 on the card a year just to make back in points what you are spending in fees.. And the most points you can earn in a year is 78k, or $550 worth, and that assumes you are spending them on the absolute best value things (limiting your choice significantly), you'd need to spend $120k to get them too.

    That St George offer is novel, but remember there is a 3% currency conversion fee and probably a terrible exchange rate when buying from stores that don't charge in AUD (Steam). Its cool how they have *some* fee free international ATMs, but there are better products for this. (citi everyday account, which also has a great exchange rate and no fees for buying stuff online in a different currency, and has no monthly fee with no conditions)

    Hmm, are we getting a November edition of this?

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