1. What do you need the credit card for?
The first question you should ask yourself is whether a credit card is really the solution you require. A credit card offers flexibility and is widely accepted, plus many cards offer valuable rewards and attractive balance transfer rates. For your everyday expenses, many retailers, like supermarkets, don’t charge you any extra if you use a credit card. Putting your everyday expenses on credit allows you to keep cash in your savings account for longer, maximising your potential to earn extra interest.
For larger one-off purchases, if you need to make a purchase during the month but won’t have the funds available until after the purchase, you can use your credit card, then pay off your card balance in full as usual at the end of the month.
A credit card can be a valuable tool for managing your cash flow. With responsible use, you can enjoy a card’s convenience and financial flexibility to your advantage.
2. How will you use the card?
Depending on how you use the card, certain features will be more or less important. For instance, if you intend to pay the full balance on the card off every month before the due date, then the interest rate won’t matter as much. Whether you use the card frequently or occasionally, you can find the right card for your needs in Macquarie’s range.
Be rewarded for your everyday spending with Qantas Points, with the Macquarie Black Card and the Macquarie Platinum Card, enjoy the freedom to choose your flexible rewards. Alternatively, you may be looking for the simple convenience of a credit card with a low annual fee. If you are seeking a credit card to consolidate your existing credit card debts and potentially save on interest repayments, all of Macquarie’s credit cards offer a special low balance transfer rate.