Credit Cards - Woolworths cuts credit card rate
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Woolworths cuts credit card rate
The interest rates on purchases on the Woolworths Everyday Money credit cards are being cut by one per cent.
On February 1st this year, the interest rate is set to fall to 17.99 per cent. However, existing customers of Woolworths are able to make use of a 0% rate on purchases until this date.
Dhun Karai, head of Woolworths Everyday Money, said the card is a competitive entry in the Australian market.
"In the current economic climate we are committed to ensuring our Everyday Money credit card customers continue to benefit from a competitive interest rate and a rich rewards program," said Ms Karai.
Indeed, the card recently won the gold medal as the Best Innovative Product in the Best of the Best awards from Money magazine.
There are a number of other benefits associated with the card, including a points reward scheme, with up to three points being earned for every dollar spent on the card.
On February 1st this year, the interest rate is set to fall to 17.99 per cent. However, existing customers of Woolworths are able to make use of a 0% rate on purchases until this date.
Dhun Karai, head of Woolworths Everyday Money, said the card is a competitive entry in the Australian market.
"In the current economic climate we are committed to ensuring our Everyday Money credit card customers continue to benefit from a competitive interest rate and a rich rewards program," said Ms Karai.
Indeed, the card recently won the gold medal as the Best Innovative Product in the Best of the Best awards from Money magazine.
There are a number of other benefits associated with the card, including a points reward scheme, with up to three points being earned for every dollar spent on the card.
Wednesday, 07 January 2009 00:00
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john smith 2009-05-12 06:49:16in australia companies likes of woolworths and major player should have no right to charge extortion amounts of interest on creditcards ,,personally there is no reason ,nor any need for them to charge these amounts,,The profit margins that there already making are massive .Once again how far will the greedy monsters go..just to rip people off,i only hope as the years pass on people will get savvy like the [people in u.k] where competition is cut throat , because of competition!!. In australia there are few which means that you all rip people off with your high interest payments on your creditcards,,thanks john
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