Tamara (Homes Down Under)

Transfer money and Save!

    Recommended Posts

    Hi there,


    Do you have any idea how much you are being charged on your credit card?


    I have been doing some expensive renovations and have run up quite a lot on my AnZ credit card. The interest rate is 19.69% :arghh:

    I also have a NAB card and was shocked to find that the interest rate was 6% less!


    I contacted AnZ to see if they would match the NAB interest rate. When they wouldn't I went into the NAB to see if I could transfer my balance accross from the ANZ.


    This was possible online by going to www.nab.com.au/bt for balance transfer. The AnZ balance could be transferred in a really simple 30 second process and they offer a 6 month period at 4.99%.


    So.....buy your goods with one credit card...get a 55 day interest free period then transfer the balance over to another card and get a 6 month period at 4.99% which is time enough to pay it back. If you don't you still have a lower interest rate at the end of the 6 month period.


    Saves thousands of Dollars in interest!



    Share this post

    Link to post
    Share on other sites


    If you take out anew card you can transfer your balance over and pay a real low rate 9 months.

    The banks are making billions. Any way to save is a good thing.

    Share this post

    Link to post
    Share on other sites
    Guest Woody and Jane

    Or at the risk of sounding like a bore, don't spend what you don't have.

    Share this post

    Link to post
    Share on other sites

    Create an account or sign in to comment

    You need to be a member in order to leave a comment

    Create an account

    Sign up for a new account in our community. It's easy!

    Register a new account

    Sign in

    Already have an account? Sign in here.

    Sign In Now