Sydney Credit Card

By: EconomyWatch Content   Date: 15 February 2010

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EconomyWatch, Content Team

 

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Sydney is the largest metropolitan city and a major economic hub in Australia. The city is home to the headquarters of 90 banks, including the Reserve Bank of Australia. There are 54 authorized deposit-taking banks in the country, out of which 44 are located in Sydney. Some of the major authorized foreign banks operating in the city are Citigroup, HSBC Bank Australia, UBS Australia, Deutsche Bank and Mizuho Corporate Bank. All the banks in Sydney offer a number of credit cards with attractive rewards for individual requirements.

 

Sydney Credit Card: Types

Here are some of the popular banks offering credit cards in Sydney:

 

Commonwealth Bank: This is Australia’s largest bank by market capitalization. It offers credit cards in categories including rewards, low fee and low rate. The Platinum Awards card offers access to 24*7 personal concierge services, along with free international travel insurance. The bank offers Student cards that feature $0 annual fee for the duration of one’s studies. The Low Fee Gold card offered by the bank lets you enjoy complimentary international travel insurance for tours up to three months.

 

Westpac: Headquartered in Sydney, Westpac is a multinational financial services organization. The bank offers credit cards in the following categories:

 

Reward cards: These cards let you earn points that can be redeemed towards flights and other rewards. Altitude, Altitude Gold, Altitude Platinum, Earth, Singapore Airlines Westpac Gold Card and GM Holden Card are all reward cards offered by Westpac.

 

Lower Annual Fee Cards: Some cards in this category are

  • 55 Day Visa® Card or MasterCard®
  • 55 Day Platinum Visa® Card
  • Student Visa® Card

 

Low interest rate credit cards: The Low Rate Visa® Card or MasterCard® charges 12.49% annually on purchases; 20.49% per year on cash advances and 1.99% per year on balance transfers for up to 9 months.

 

Citigroup Pty Limited: The bank is headquartered in Sydney and offers the following main credit cards:

 

Citibank Gold Card: This card entails

  • 1.9% per year. for 9 months on balance transfers
  • $25,000 credit limit
  • Complimentary Rewards Programme
  • International Travel Insurance
  • Up to 55 days interest free on retail purchases

 

Emirates Citibank Platinum Credit Card: This card offers the following benefits

  • Low annual fee of $199
  • Earn 1.5 Skywards Miles per $1 spent
  • 3.9% per year on balance transfers for 9 months
  • Free international travel and purchase cover insurance

 


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