Low Rate Credit Cards
ME Bank offers one of the lowest rate credit cards in Australia.
Through offering a super low credit card rate and less to pay in fees, the award winning^ Members Equity MasterCard very simply helps you manage to stay in the black and avoid becoming stuck in the red.
- Enjoy one of Australia's lowest ongoing credit card rates
- currently just 12.25% p.a. - Receive up to 44 days interest free on purchases
- Pay a low annual fee of just $49
- No charge for up to 8 additional cardholders
- Free issue of mailed replacement cards
- Emergency worldwide replacement if your card is lost or stolen
- Full access to all 'MasterCard Exclusives' special offers
How much can I save by switching my credit card(s)?
As an example, if you owed $3,100 on another card at 18.65% p.a., you could save up to $230* in one year alone in interest charges, simply by transferring your balance to a Members Equity MasterCard.
Simple and fair credit card repayments
ME Bank's approach has always been to offer a MasterCard that is simple, fair and transparent which includes how repayments are made to your account.
Every repayment is applied in an order which is in your best interest, ensuring that the overall cost of using your card is reduced.
Good Credit Card Habits
Work out how much you can spend: A monthly budget can go a long way to helping you manage your money. Knowing how much you spend on essential items such as food, rent, mortgage repayments, transport, insurance, and entertainment means you know how much you can spend on your credit card each month.
Know how much you spend: Write down everything you buy on your credit card. Use Online banking often to ensure you know how much you have spent. Don't wait until your monthly statement to get a surprise!
Pay at least the minimum payment every month: This means that you will avoid some of the fees that many credit card companies charge, such as late payment fees or over limit fees. The best way to do this is to set up a direct debit to your credit card for the minimum or the full amount. If you pay the full amount every month - you avoid interest altogether.
Reduce your credit limit if you think it may get out of hand: The best way to avoid having high credit card bills, is to have a low credit limit. Ask your credit card company to reduce your credit limit down to what is manageable or what you may need for a particular purpose, such as a holiday.
^ Awarded Your Money magazine Gold Medal for Best Low Rate Credit Card, 2011
* Assumes monthly minimum repayment of 3% of closing balance, no other purchases are made and excludes fees & charges.
Fees and charges apply. Terms and conditions available on request. Applications are subject to credit approval.
Interest rates are current as at 05-Feb-2012 and are subject to change.
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Contact ME
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Personal Ph 13 15 63 ME Contact Centre open
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Sat: 9am - 5pm (EST)Business Ph 1300 658 108 ME Business Contact Centre open
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Personal Ph 1300 654 998 ME Contact Centre open
Mon - Fri: 8am - 8pm,
Sat: 9am - 5pm (EST)Business Ph 1300 658 108 ME Business Contact Centre open
Mon - Fri: 9am - 5pm (EST) - Phone Banking
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Personal Ph 1300 654 998 Business Ph 1300 658 108