We’ve devised these 9 cash personalities primarily based on 15 years of answering your questions and serving to discover your greatest bank card. Now, you’ll be able to work out how you tick, and which form of card fits your private cash model. Which means no extra evaluation paralysis or sifting via 1000s of playing cards with no thought the place to start out. Isn’t that a large reduction?
So, let’s get began!
How to determine your Credit score Card Persona:
Step 1: Learn via the Prime 9 Personalities
Step 2: Jot down one or two that you simply recognise in your self
Step 3: Use the fast hyperlinks that match your persona sort to match playing cards and offers which might be greatest suited to you
Prepared to search out out what sort of bank card particular person you’re? Learn via and discover out!
You spend so much each month, however no more than you earn. You simply have excessive month-to-month bills as a result of you have got a household to pay for, you’re self-employed or have a excessive “retail turnover” (fancy identify for having fun with buying). You want to search out methods to cut back your bills and use totally different instruments to earn a living for nothing.
As a Wholesome Spender, you can be utilizing a bank card to earn rewards in your on a regular basis spending, save on abroad transaction charges and as a part of an offset package deal that can assist you repay your own home mortgage sooner.
Your motto: Use cash to earn a living!
⭐ Greatest playing cards: Rewards playing cards | Playing cards with Bonus Factors | No Overseas Charge playing cards | Frequent Flyer playing cards
Welcome! That is your first voyage into bank cards and also you hardly know the place to start out. You is perhaps a pupil or a brand new everlasting resident in Australia. Possibly you need to construct your credit score profile so you may get a house mortgage.
Regardless of the motive, you’re in all probability searching for one thing you’ll be able to sink your tooth into with out getting in over your head – a low-cost, easy-to-navigate bank card.
Your motto: Everybody begins someplace!
⭐Greatest playing cards: Credit score Playing cards for First Timers | No Annual Charge playing cards | Low Curiosity-rate playing cards | Scholar playing cards
You watch your cash like a hawk. You want to avoid wasting and don’t thoughts following a finances; in spite of everything, there’s nothing nearly as good as hitting a monetary objective like saving for a home deposit, paying off a mortgage, or reaching a financial savings goal. You’ve in all probability been to seminars or learn books on cash, budgeting, or find out how to increase your retirement.
You normally learn opinions earlier than committing to a brand new product and weigh up the professionals and cons fastidiously.
Your motto: Cash is a useful resource, so use it correctly!
⭐Greatest playing cards: Credit score Playing cards for First Timers | No Annual Charge playing cards | Low Curiosity-rate playing cards | Scholar playing cards
You’re keen on any form of deal: a reduction, two-for-one, voucher or cashback. You have got a verified account with OzBargain and love the giddy zing of scoring a deal (even higher if it’s a sneaky one). If there’s a loophole you’ll use it; if there’s a coupon you’ll dig it out of the darkish net. You’re happy with spending lunch breaks scouring the web for higher costs and practising your price-match haggle speech for unsuspecting retailer employees.
Your motto: By no means pay full worth!
⭐Greatest playing cards: Playing cards with Bonus Factors | Rewards bank cards | Playing cards with Cashback Offers | Playing cards with Particular Presents
You could not want or desire a bank card for day-after-day, however you do need to have a little bit emergency fund prepared simply in case. You would possibly also have a nice bank card that earns rewards and provides you perks you utilize, however you additionally desire a separate wet day fund with decrease rates of interest for a real emergency.
Your excellent wet day card has low or no annual charges, low rates of interest and suppleness.
Your motto: Be ready!
⭐Greatest playing cards: No Annual Charge playing cards | Low Curiosity-rate playing cards | Playing cards with 0% Buy Presents
You utilize know-how for all the things: getting a dopamine hit in your 10,000th step, paying together with your ring, ordering a mocha through an app and sending cash utilizing only a telephone quantity. You’re eager to see what’s altering because the banking world is disrupted by new improvements, neobanks and cryptocurrency.
Your motto: Early adopters rule!
⭐Greatest playing cards: Google Pay, Apple Pay and Samsung Pay playing cards | Crypto playing cards | Credit score Union playing cards | Frequent Flyer playing cards
Funds? Balances? Nope – you purchase issues that you really want and don’t fear an excessive amount of about how a lot money goes out and in. You’d somewhat have a root canal than take into consideration sticking to a decent finances.
For splurgers, there’s at all times the chance that the credit score restrict appears like ‘free cash’. You would possibly even be an Indebted Splurger, if you have already got cash owing on one other bank card (by which case you’ll be able to take a look at stability transfers that can assist you get on high of your debt).
Your motto: Cash is for spending!
⭐Greatest playing cards: Playing cards with 0% offers on purchases and stability transfers | Low interest-rate playing cards | Playing cards with good stability switch offers
You run a enterprise, irrespective of how huge or small. You’re a Sole Dealer with an ABN, or a small enterprise guru, or the CEO of a mega-corp; both method, you wish to be good about your small business funds. You’re searching for methods to handle cash higher, particularly if in case you have staff with firm bills. You need higher methods to avoid wasting on bills, finances simpler and make each greenback rely. If each greenback earns rewards, even higher in your backside line.
Your motto: Earn on bills!
⭐Greatest playing cards: Enterprise playing cards | Company playing cards | Gasoline playing cards | Playing cards that earn factors on ATO spending
The right way to use your Credit score Card Persona
Day by day, somebody asks me what bank card they need to get. However, it’s a bit like asking what automobile you can purchase; it will depend on how far you’ll drive, what you’ll use it for, and even how assured you’re on the street.
Identical to vehicles, the bank card that’ll work greatest for you’ll change as you journey alongside in life. It’s okay to have a number of bank cards in a single lifetime – they’re a software for perks, freebies, serving to get on high of debt, having as an emergency fund and knocking years off your own home mortgage.
When you’ve learn via the 9 cash kinds and might see what sort of spender, saver or deal digger you’re, you’ll out of the blue have laser-focus on the precise forms of playing cards that can reward the way in which you reside.
Utilizing the comparability guides and opinions
While you use a comparability information, you’ll see the highest playing cards listed in a desk. Right here’s a fast 1-2-3 on utilizing the information.
1. Use the toggles to kind by the characteristic, for example, by the quantity of bonus factors, the rate of interest or the annual payment. It’s a straightforward option to spotlight the characteristic you’re most keen on.
2. Click on the cardboard to learn our assessment. Our opinions are written by actual folks and we do our greatest to present you all the knowledge you want in regards to the card and its presents.
3. Hit “Go to supply” to be redirected to the issuer web page the place you could find out extra and submit an software.
On each web page, you’ll have the ability to ask me a query by clicking the blue speech bubble. We purpose to get again to you in a enterprise day or so.
Good luck and glad card searching, no matter form of particular person you’re!
