If you’ve just received your credit card statement after Christmas 2016, which included money spent on gifts, food, travel, relatives, parties and life in general, and it’s a bit higher than you’d like, we have good news.
You can transfer your balances from any other (non-Summerland) credit card onto a Summerland Credit Union credit card and pay no interest on the transferred balance for a period of time – that period is 9 months if selecting a Low Rate card or 12 months with a Rewards Summerland card#.
You also enjoy no annual fee in the first year on either card AND there is NO transfer fee which you would pay with many other banks’ cards.
This is a great way to consolidate your debt onto 1 credit card, which you may currently have spread over a number of credit cards, so it’s easier to manage.
Tips
- You need to keep paying that debt off your new Summerland card, but by paying no interest, it’s easier to get back in control.
- Pay more than the minimum amount each month to try to clear the debt before the 0% balance period ends.
- With a Summerland *Rewards card, you earn 1% cashback on all eligible purchases from day 1. And we credit it straight into your account for you.
- Remember you cannot transfer from one bank’s card to another if they are the same provider (eg Westpac owns St George, Bank of Melbourne & BankSA).
- If you need cash, try to use your own money(with a debit card) rather than a cash advance on your credit card. Summerland offers you a free debit card to access your money at ATMs or with eftpos.
To apply, visit a branch, give us a call or apply online.
Check out all the details here.
Credit cards issued by Summerland Credit Union ABN 23 087 650 806 Australian Credit Licence 239 238. Conditions, fees and charges apply. All information is correct as at 1/10/16 and is subject to change. Full details available on application and at summerland.com.au. Lending criteria apply. *Rewards points given only on rewards card. #The 0% p.a. interest rate applies to balances transferred with this offer for a period of 12 months (for the rewards card) or 9 months (for the low rate card) from the date the credit card application is approved. At the end of the balance transfer period, the interest rate on any outstanding transferred balance will revert to the purchase balance and accrues interest from the expiry date at the purchase rate, currently 18.99% pa (for the rewards card) or 11.99% pa (for the low rate card). The interest rate is variable and subject to change. The cash advance rate for both the rewards card and the low rate card is currently 20.49% pa. The amount transferred must not be less than $1,000. Minimum monthly payments apply during the interest free period. Offer available in respect of balances transferred from non-Summerland credit card accounts issued in Australia only. Offer only available to new and approved credit card applicants who apply for a Summerland credit card account with the balance transfer by 31/01/17. Summerland reserves the right to withdraw this offer at any time.