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.
Feature: 0 percent balance transfer
NAB Premium Visa Card: 0% on balance transfer for 24 months This is one of the longest-running balance transfer deals on the market right now. Note that there is a one-off balance transfer fee of 3%, so you’ll need to factor the cost of that into your calculations. The purchase rate on the card is 19.74%.
Feature: Frequent flyer credit card with bonus points
Virgin Australia Velocity Flyer Card: Bonus points offer During the first three months of card use after approval, you’ll qualify for 2 bonus points per $1 spent (capped at a maximum of 10,000 points per month). The standard earn rate on the card is 0.66 points per $1 spent up to $1,500 per month, and 0.5 points per $1 thereafter. There’s also a 0% balance transfer offer for 18 months for eligible applicants.
Feature: 0% purchase rate
St.George Vertigo Visa: 0% on new purchases for 6 months After 6 months, the rate on new purchases reverts to 13.24%, which is still a competitive rate. The annual fee on the card is $55.
Feature: Variable rate home loan
loans.com.au Essentials Home Loan: 3.61% per annum comparison rate A perennial Ratehacker favourite, this loan offers one of the lowest variable rates on the market right now. To qualify for the bottom rate, you’ll need to be an owner-occupier, and you’ll need a 20% deposit saved. Owner-occupiers who seek an interest-only loan can qualify for a 3.81% per annum comparison rate.
Feature: Investor loan
UBank UHomeLoan (Variable Rate): 4.24% per annum comparison rate for interest only The market for investor loans remains tough, so this is one of the most competitive offers out there right now. You’ll need a minimum 20% deposit.
Feature: Incentive saver
ING DIRECT Savings Maximiser: 3% per annum bonus interest rate To qualify for the higher rate, you’ll need to deposit at least $1,000 each month and link your account to an ING Orange Everyday account. There’s no penalty for withdrawals from the savings account. The maximised rate applies on balances up to $100,000.
Feature: Unsecured personal loan
Pepper Money Unsecured Personal Loan: Comparison rate from 9.99% per annum You can borrow up to $50,000 with this loan. The rate is fixed but customised for each applicant depending on circumstances.
Feature: Fixed rate new car loan
IMB New Car Loan: Comparison rate from 6.34% per annum This loan is available for new car purchases up to $75,000, and has a competitive rate. There’s a $250 application fee, with loan terms from 1 to 7 years.
Feature: Policy discount
Tick Travel Insurance: 10% off all premiums 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.