Members Equity Low rate card

Members Equity Bank is a great choice for Australians who are looking for financial alternatives to the “Big Four.” Members Equity is an Australian-owned company known for good service and sound financial products for its clients. The credit card segment of Members Equity is straightforward, offering just one credit card to shoppers, and it’s an affordable low rate card that’s designed to serve the customer’s needs without frills.
The Members Equity MasterCard carries an interest rate of 12.25% p.a. on purchases and cash advances. Card users also enjoy the luxury of a 44 day interest free grace period on purchases (not cash advances) made on the card. The annual fee is $39, substantially less than the fees associated with many other cards on the market, and the low interest rate compensates for paying an annual fee at all.

Members Equity claims to work for its cardholders. Some evidence of this is provided by the way the company manages credit card repayments, which are automatically applied first to purchases that accrue the greatest interest. This reduces the overall cost of the credit card for customers and minimises the amount of interest paid.

The Members Equity MasterCard comes with the additional luxuries inherent with the brand, such as SecureCode, a free service available from December that provides an additional layer of security for online purchases. As well, cardholders have full access to MasterCard’s exclusive special offers, and account owners can request up to eight additional cards for family and friends. All replacement cards are free, and emergency expedite delivery is provided on all cards lost or stolen overseas.

The Members Equity credit card is great for infrequent card users, those who don’t seek reward points, or those who don’t wish to be overcharged for accessing credit.

http://www.mebank.com.au/personal/credit_cards/