Ratehacker: December’s Best Credit Card, Savings Account And Home Loan Deals

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.

Money picture from Shutterstock

Credit Cards

Credit card usage always peaks in December; we’ll put $3.2 billion in gifts on our cards ahead of Christmas. Using the right card means you can pay no interest, so pick carefully.

Feature: 0% purchase rate

NAB Low Rate Card: 0% interest for 15 months on purchases and balance transfers A 0% rate on purchases means you can spend up for Christmas and then pay off your purchases over time without incurring interest fees. You can also balance transfer at 0% from an existing card for the same period, though you’ll incur a one-off 3% balance transfer fee. The annual fee for the card is $59.

Feature: Bonus frequent flyer points

Virgin Australia Velocity Flyer Card: Double points for the first 3 months During the first three months you have this card, you’ll earn 2 bonus points for every $1 spent (capped at 10,000 points each month). You can also balance transfer from an existing card at 0% for 18 months. The annual fee for the card is halved to $64 for the first year, and you receive a $129 Virgin Australia voucher each year you have and use the card.

Feature: Platinum credit card

ANZ Platinum Credit Card: No annual fee for first year Platinum cards often attract a hefty fee, so being able to pay nothing for the first year is handy (the fee is $87 per annum in subsequent years). This offer, which is a finder.com.au exclusive, also includes a 0% purchase rate for 3 months and a 0% balance transfer for 12 months.

Home Loans

The Reserve Bank will announce its monthly cash rate decision next week, but it’s already evident that banks are largely ignoring the official figure, with many major banks adjusting their rates ahead of their decision. We’re still in peak real estate season, so shopping around for the best deal is essential.

Feature: Variable rate home loan

loans.com.au Essentials Home Loan: 3.41% per annum variable comparison rate This loan has one of the lowest variable rates on the market right now. It’s only available to owner-occupiers, and you’ll need a 20% deposit saved.

Feature: Investment home loan

UBank UHomeLoan: Variable comparison rate of 3.79% per annum A competitive interest rate with $0 application fee and no ongoing maintenance charges make this an option worth considering for investors. You’ll need a 20% deposit and the maximum loan amount is $2 million.

Savings Accounts

Feature: Bonus interest

ANZ Online Saver: 2.85% per annum interest rate for the first 6 months Banks have been trimming their bonus rates for online savings accounts all year, so it’s pleasing to see one that actually runs as long as 6 months. The 2.85% per annum rate drops to 1.25% after the bonus period concludes.

Transaction Accounts

Feature: Cash bonus

ING DIRECT Orange Everyday Account: $75 cash bonus for new customers New customers who sign up before 25 December 2016 and deposit at least $1,000 every month will receive $75 in their account. The offer is limited to the first 6,000 customers.

Personal Loans

Feature: P2P loan

MoneyPlace Peer-to-Peer loan: Personal loans from 8.90% per annum Peer-to-peer loans involve matching individual lenders with borrowers, so the rate you’ll get depends on your credit score. (You can check your credit score for free if you want to get an idea of your current status.)

Travel Insurance

Feature: Policy discount

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

Jeremy Cabral is the Global Head of Publishing for finder.com.au which includes tools to compare credit cards, find savings accounts, energy deals, mobile & broadband plans, and a constantly updated database of discounts and coupon codes. Connect with Jeremy on Twitter, Medium and LinkedIn.

The Cheapest NBN 50 Plans

Here are the cheapest plans available for Australia’s most popular NBN speed tier.

At Lifehacker, we independently select and write about stuff we love and think you'll like too. We have affiliate and advertising partnerships, which means we may collect a share of sales or other compensation from the links on this page. BTW – prices are accurate and items in stock at the time of posting.