The UNICOM Low Rate MasterCard

Among the many products currently setting trends in the credit card markets, UNICOM has arrived with one product that sets the competition in the market a notch higher.

Established in 1997, UNICOM has been providing a huge range of services, including loans, insurance, financial planning and credit cards.

UNICOM was established to meet the monetary needs of its membership, which includes the staff, students, faculty members and also their families. Interestingly, the membership is not tied down to a single campus or to people engaged in the institution. Rather, UNICOM allows for continued membership, regardless of graduation from the institution or change of employer.

Its latest product is the Low Rate MasterCard, which has interesting features fully designed to benefit the card holder.

Unbeatable fees

Consumers wishing to cut down on their credit card costs will find this card an attractive option as it has both a Gold and Silver tier, which are more competitive in comparison to other credit cards in Australia, and carry annual fees of only $85 and $45 respectively.

A 2.9% p.a interest rate interest rate for a six-month introductory period is another great addition to this card. By transferring unpaid balances to this lower rate card, borrowers will be able to significantly cut down on their costs, much of which would otherwise have gone to repaying higher interest charges.

Borrowers who are experiencing difficulty in repaying balances have a 55-interest free day period attached to retail purchases, offering ample time to make necessary adjustments in paying off credit balances. This period is also very competitive, compared with what other credit card houses are currently offering.

Insurance

Few credit cards have complimentary insurance attached to them, in addition to such competitive rates and fees. Yet, the Gold card has, and, to access it, all one needs to do is to pay for their flight, using the Gold Credit MasterCard. In addition to this is provision of flight inconvenience insurance, applicable to all interstate flights. Another associated perk is a comprehensive cover for flight or luggage delays, which includes the whole family and which also caters for flight cancellations and luggage losses or damages.

Unexpected delays and cancellations are also covered for international travellers, under the Gold Card, in a cover which includes hospital and medical expenses and loss or damage to belongings.

The purchase cover which protects items from theft or loss and damage, within three months of their purchase, is available for both Silver and Gold card customers.

An honest look at one’s credit rating and financial situation is the only way to ascertain whether a consumer is able to afford this card. The aspects which cannot be in doubt, however,  are the very enticing insurance provisions and fee structures.