Sydney, Australia, October 28, 2015: Consumer advocate, Credit Savvy, has identified a number of rewards credit cards for people who may be looking at alternative ways of earning Qantas Points ahead of changes to the Woolworths Everyday Rewards program in the New Year.
Credit Savvy Managing Director, Dirk Hofman said, “For the average consumer looking to get something back from their everyday shopping there are options for cards with annual fees of $100 and under, including the Westpac Altitude or the NAB Qantas Rewards Card. There are programs with higher earnings ratios but since they generally have higher annual fees, consumers need to do their homework and carefully consider the different offerings and see if they offer value for money.”
Consumers looking for maximum points per dollar spent on their everyday groceries and petrol should consider a rewards program that offers both an American Express and Visa or MasterCard Card. Most major supermarkets and petrol stations accept these cards without charging a surcharge.
Mr Hofman also encouraged consumers to check their credit score first before applying for a new credit card, so they have a better idea of how lenders may view their application. A credit score can be taken into account by lenders when assessing an application for a credit card.
“The bottom line is that it is important for Australians to do their research before applying, and only apply if they need credit and the card is suitable for their needs. We’ve found in a recent Credit Savvy study that making too many credit card applications in a short time can hurt your credit score,” said Mr Hofman.
Credit Savvy’s Tips for Choosing a Rewards Card
About Credit Savvy
Credit Savvy is a new digital initiative that aims to help Australians make savvy financial decisions by understanding their credit status and how credit works. Credit Savvy provides consumers with free access to their credit score, credit file information, credit monitoring & a credit card marketplace. It works with global credit reporting body Experian.
For more information, please visit www.creditsavvy.com.au
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