Choosing the Australian Rewards MasterCard

There are a variety of reasons why you may want to choose this particular credit card and they are not just about the rewards program although that is a good reason. The rewards as you will see a little bit later are excellent but there are other features of this card that you should know about that can benefit you greatly.

  • You receive a special interest rate for the first six months on balance transfers. This interest rate is a low 2.9% per annum before reverting back to the standard variable interest rate which is also quite competitive.
  • There are annual fees but they are also low. For the Silver card the fee is $45 while it is $85 for the Gold card.
  • You receive up to 55 interest-free days on retail purchases that are made using the card.
  • There is complimentary insurance on the new items that you purchase to protect you from loss or theft. This also covers damaged items and covers the products for up to three months after the purchase date.
  • You can receive four additional cards for free which can help you to earn more points.
  • These points never expire so you can take your time and collect as many as you want before making the decision on how you want to redeem them.

Golden Extras

There are two extra features that you receive with the Gold card that you don’t with the Silver. The Gold card has higher credit limits that range from between $5,000 and $25,000, and you receive free international travel insurance.

Reaping the Rewards

There are many people who like to be rewarded for using their credit cards whether or not they carry a balance and if you are one of them you probably know that some of these programs are better than others. With the Community CPS Australia Rewards MasterCard, you get rewarded highly for your purchases. You earn 1 point for each $1 and there are over 300 different items that you have the option to choose from. It is simple and it is easy to be rewarded for your spending with this card.

The Variety of Rewards

As mentioned, there are more than 300 items to choose from when you want to redeem your points. They can be categorized into different groups.

  • Cash: If you are trying to save money then cash can be the best way to redeem your points. You can redeem your points in order to get a reduction i the amount of money that you owe or even to pay the annual fee of this card.
  • Electronics: There are plenty of rewards to choose from in this group including mobile phones, printers, iPods, cameras and other electronic gadgets.
  • Gifts: This is a great way to get gifts for yourself or someone else. There are various subscriptions to magazines, books or even bottles of nice wine available as well as many other items.
  • Shopping gift cards or vouchers: If you don’t know what you want or if you want something from a particular store whether for you or someone else, you can opt to redeem your points for gift cards and vouchers from stores such as David Jones, Target, Kmart, Myer, and Harvey Norman amongst others.

Extra Options

Aside from these rewards already mentioned you have other options available to you. If you want to earn some Qantas Frequent Flyer points, you have the option to use a Gold card with the Card Services Qantas Rewards. When you decide to opt into the program, when you earn points they are automatically placed into Frequent Flyer account. You will see the points added to your account each month on the statement. There is a yearly fee of $118 for use of the option but can certainly boost up your flyer points.

Applying Online

If you want to obtain some great rewards for your spending, apply for this credit card online today and wait their quick response. You will be earning the points in no time.