westpac encroaching on all fronts - st george bank and virgin mastercard
A long time ago I wasn’t impressed with Westpac, so I moved my banking somewhere much better. I also switched my credit card to a product that seemed better at the time, Virgin Mastercard. Now I read (yes I know this is month old news but I just found it now) that Virgin is selling their Mastercard business in Australia to Westpac. Further news from The Age on this here.
No big deal, I guess I’ll just move my credit card over to Bendigo Bank which is supposed to have an excellent credit card product anyway, plus me being a Bendigo bank shareholder I’m kinda sorta putting the fees back in my own pocket.
Also on a similar note if St George Bank get gobbled up.. my St George Bank shares will become Westpac shares and my St George margin loan will end up owned by Westpac.
After looking around it appears Bendigo Bank don’t have any fee free Credit Cards - so far the best looking one is from Austral Credit Union: http://www.australcu.com/access_visa_credit.html
Comment by arandomperson — June 1, 2008 @ 1:21 pm
Actually I’d suggest the savings & loan visa credit card, it has 62 days interest free -> http://www.savingsloans.com.au/Content.aspx?p=716
Comment by Neerav — June 1, 2008 @ 6:48 pm
62 days interest free, but a higher interest rate.. though for a while I have been paying off my credit card in full every month, so interest rate is not a big deal, just minimising ongoing expenses. The 62 days interest free allows to leave it 2 paydays before having to pay it off, which is cool.
Comment by arandomperson — June 2, 2008 @ 9:53 am