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If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that
The emergence of store cards such as Woolworths credit card and Coles Myer Source card has come just in time, as Australians become ever more conscious about stretching their spending dollar. In fact, the retailers are only part of the overall trend which has seen more non-bank, non-financial establishments become credit card issuers.Along with department stores and supermarkets, credit cards in Australia are now issued by online retailers and telecomms companies. Major retailers in Australia have observed that more and more customers are paying for purchases with their cards, which means they have to pay more in merchant servicing fees. Habing their own card cuts transaction costs and allows them to be more cost-efficient.It is not surprising therefore to see two of Australia's biggest supermarket chains issuing their own cards.Woolworths credit cardThis combination credit and store card is formally called the Woolworths Everyday Money Credit Card. It is a store card because you get extra discounts and privileges when you use it for purchases during special promotions in Woolworth stores. In addition, it is a regular credit card, issued by HSBC Bank Australia, which means you can use it at any store that accepts MasterCard.The Woolworths credit card has a couple of real stand out features that set it apart from other store cards.- Cardholders may use the supermarket's checkout to verify their available credit balance and make payments to their account.- The credit card features an automatic payment facility (called "epump") for petrol purchases. Pumps at petrol stations have a card reader that picks up signals from a small transmitter built in the card. The transaction is completed automatically, including applicable discounts on the purchase.Standard interest rate on purchases is 18.99% (starting 1 Feb 2009), with a 55-day interest-free period. Cash advances, however, will attract 21.99% interest, and balances transfers are at 5.99%. An annual fee of $49 is currently waived for the first year you hold the card.The Woolworths Everyday Money reward program gives 1 point per dollar spent in other stores, 2 points for spending in Woolworths stores, and 3 points for Woolworths Select products.However, some cardholders may find one policy restrictive. The rewards on offer come in the form of shopping gift vouchers issued every four months and can be spent at retailers within the Woolworths group such as the supermarket or Big W. Also, the vouchers are automatically issued every 4 months with an expiry of 3 months from issue date. Consumers may find that too limiting and could forget the expiry dates.Coles Myer Source CardThe Coles Group includes Coles, Target and Kmart stores under its umbrella. Cardholders of Coles Myer Source Card may use their cards at these stores to earn special discounts and privileges, and anywhere else that accept MasterCard credit cards.One special benefit from this credit card is the chance to save up to 8 cents per litre on your petrol purchases. You get a 4 cent/litre voucher when you spend at least $30 on your card anywhere, plus another 4 cent/litre voucher for minimum $30 spent at certain outlets (Coles, BI-LO, Liquorland). The fuel saver vouchers may be redeemed at Coles Express petrol stations. Note well that the vouchers are valid for only a limited time.The Coles Myer Source Card (also called Coles Group Source Card) does not charge any annual fee and offer a 62-day interest-free period on purchases. If you have a FlyBuys membership card, you may also earn FlyBuy points on purchases at Coles Group stores.You can also participate in special promotions with up to 48 months of interest-free purchases on particular items at their stores. You need to make sure you always pay off you bill in full each month before the due date; otherwise all these benefits will be for nought.The standard interest rate is 20.25%, which is quite high. If you don't meet the required repayments in full then you will shift up to that higher rate and you'll find interest charges quickly add up. You wouldn't want that to happen. Article Tags: Coles Myer Source, Myer Source Card, Credit Cards, Credit Card, Coles Myer, Myer Source, Source Card, Coles Group
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