Members Equity Bank, Australia Credit Cards

By: EconomyWatch   Date: 6 October 2010

About The Author

EconomyWatch

The core Content Team our economy, industry, investing and personal finance reference articles.

EconomyWatch, Content Team

 

  • Dot Div
  •      

The credit card product of Members Equity Bank in Australia is Members Equity MasterCard.

Corporate Profile of Members Equity Bank

The Members Equity Bank had been created in order to address the growing demand of home loans in Australia especially in the working class. The bank started providing Super Member Home Loans from National Mutual in September 1994. This program was meant to provide easy home loans to the Australian people and was a success. This program also enabled the Members Equity Bank to procure a banking license and from that point of time it has been one of the major financial services provider in Australia.

In the recent years, the Members Equity Bank has also been dealing in other commercial and personal financial products and services. The bank has extended its activities in order to serve its ever increasing client base. Following are the personal financial products that are offered by Members Equity Bank:

  • Home loans
  • Savings accounts
  • Personal loans
  • Credit cards

Following are the commercial financial products and services that are provided by Members Equity Bank:

  • Business financing
  • Asset management
  • Construction solutions
  • Deposit products
  • Development solutions
  • Industry specializations

Members Equity MasterCard
Members Equity Bank is one of the most viable alternatives to cash in Australia. Following are the major features of the card:

  • It is a MasterCard.
  • The minimum repayment rate is either 3% or 10 Australian pounds.
  • The purchase rate is 11.99% per annum.
  • The annual fee is 30 Australian dollars.
  • The cash advance rate is 11.99% per annum.
  • The late payment fee is 25 Australian dollars.
  • There is a maximum interest free purchase period of 44 days.
  • There are no additional card fees.
  • The cardholders receive 8 additional cards.

  • Dot Div
  •      

Most Popular in International Credit Cards

Related Links
blog comments powered by Disqus