Aussie Saves Overseas Travellers With Low Rate, No International Purchase Transaction Fee Credit Card : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

Aussie Saves Overseas Travellers With Low Rate, No International Purchase Transaction Fee Credit Card

November 28, 2012

Aussie Saves Overseas Travellers With Low Rate, No International Purchase Transaction Fee Credit Card

Sidney, Australia (RPRN) 11/28/12 — The estimated 8 million Australian who travel overseas this year could be big winners from today’s launch of the new MasterCard® card by the country’s leading non-bank financial services group, Aussie.

The Aussie Platinum MasterCard will not charge the approximate 3 per cent international transaction fees common to the majority of credit cards.

According to an online poll conducted by Aussie¹, 57 per cent of respondents have bought goods with their credit card, yet 78 per cent of them do not know what they pay in international transaction fees.

Executive Chairman of Aussie, Mr John Symond said “With so many people shopping on overseas trips, our Platinum MasterCard cuts out what amounts to millions of dollars for them in fees.

“We aim to shake up the market for overseas travellers with our Platinum MasterCard, which eradicates an additional cost for travellers, who are taking advantage of our high Australian dollar and lower retail prices offshore”, he added.

The MasterCard features up to 55 days’ interest free credit on purchases and a low variable purchase interest rate of 12.49 per cent for the Classic and 13.29 per cent for Platinum, as well a super low introduction purchase interest rate of 2.99% p.a. on purchases for four months on the Classic card² (reverts to 12.49% pa purchase interest rate) or 4.99% p.a.  on Platinum Card purchases for four months³ (that reverts to a low variable rate of 13.29% p.a. purchase interest rate.)

Additionally Platinum MasterCard will free travellers from almost 3 per cent international transaction fees that are currently included in every overseas transaction in the majority of credit cards, and will offer complimentary travel insurance and extended warranties on purchases. MasterCard Australia’s country manager, Andrew Cartwright says it’s important to know the needs of travellers.

“With a low interest rate and no international transaction fees, the Aussie MasterCard caters to those who try to never be in one place for long. Peace of mind is especially important when travelling, and that’s exactly what this new card provides.”

 

Mr Symond said “It is crazy that millions of budget-conscious Australians continue to use expensive credit cards whose standard interest rates can average well over 20 per cent, when they can access a lower rate cards with many of the same features”.

More than half of those surveyed by Aussie online did not think credit card reward programs were good value, with almost the same percentage never claiming reward points – yet they are paying for them with higher rates and fees.

Mr Symond concluded “We have the answer for those Australian travellers who are feel they are paying unnecessary fees and high interest rates”.

Footnotes:

1)       Online Survey of 517 people conducted by Aussie in September 2012.

2)       Offer only applies to new credit card applicants. The 2.99% p.a. promotional interest rate mentioned for purchases is valid for 4 months from the date of card approval. At the end of the 4 month promotional period for purchases, the interest rate converts to the standard purchase interest rate for a Classic Low Rate credit card, currently 12.49% p.a. A separate interest rate applies for cash advances, currently 20.99% p.a. (interest rates current as at 19 November 2012). Interest rates and fees are subject to change.

3)       Offer only applies to new credit card applicants. The 4.99% p.a. promotional interest rate mentioned for purchases is valid for 4 months from the date of card approval. At the end of the 4 month promotional period for purchases, the interest rate converts to the standard purchase interest rate for a Platinum Low Rate credit card, currently 13.29% p.a. A separate interest rate applies for cash advances, currently 20.99% p.a. (interest rates current as at 19 November 2012). Interest rates and fees are subject to change.

Media Contact Name: Tim Allerton
Media E-mail:
Media Phone: 02 9267 4511
Company Contact Name: Fiona Hamann
Company E-mail:
Company Phone: 02 8297 0560
Company Web Address: http://www.aussie.com.au
Click here to see all news from this author/company

Filed Under: BUSINESS NEWS, GOOGLE NEWS, PRESS RELEASE, World News, YAHOO NEWS

RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

Ultraseal International helps powertrain manufacturers to improve quality cost effectively

Ann Arbor, MI 08/29/14 · Ultraseal America will explain to powertrain manufacturers how...

Innovative Approach To Select Crawler Crane

Ghaziabad, UP 08/27/14 · If you run any production business or real...

Harper’s government targeting poor seniors on guaranteed income

Halifax, NS 08/27/14 · Under proposed changes to prescribed annuity taxation, Canadian...

Neurobiologix Releases New Cognitive Performance Supplements

Austin, TX 08/26/14 ·  - Neurobiologix, a specialty nutrition company, introduces Full...

Ice Bucket Challenge: Meet Rice Bucket Challenge

CARSON, CA 08/26/14 · Since Spring, the Ice Bucket Challenge has raised...

PR Coupon for one free press release distribution available NOW!

SAN FRANCISCO 08/25/14 · Be seen by thousands! Drive traffic to your...

WordBase Voted as No. 1 Word Game in the App Store

Vancouver, B.C. 08/22/14 · Two Danes have done the impossible. Their app...

Team Building Programs In a Rejuvenating Environment

GRAFTON, ONTARIO 08/14/14 · The knowledgeable and professional conference management team at...

Robin Williams Press Conference Prepared Statement - death by asphyxiation

San Rafael, Calif. 08/13/14 · My name is Keith Boyd. I am a Lieutenant...

A New and Intriguing shop now open in Vancouver

Vancouver, BC, Canada 08/13/14 · A quaint little green cottage that looks like...

Caring Alernatives Serving Monroe For Over 28 Years

MONROE, MI 08/12/14 · Caring Alernatives, Inc. offers services designed to help...

Investigation into Death of Actor Robin Williams

SAN RAFAEL, Calif. 08/11/14 · On August 11, 2014, at approximately 11:55 am,...