We’ve devised these 9 cash personalities based mostly on 15 years of answering your questions and serving to discover your greatest bank card. Now, you possibly can determine how you tick, and which form of card fits your private cash model. Meaning no extra evaluation paralysis or sifting by way of 1000s of playing cards with no concept the place to begin. Isn’t that an enormous aid?
So, let’s get began!
How to determine your Credit score Card Character:
Step 1: Learn by way of the High 9 Personalities
Step 2: Jot down one or two that you just recognise in your self
Step 3: Use the fast hyperlinks that match your persona kind to match playing cards and offers which can be greatest suited to you
Prepared to search out out what sort of bank card particular person you’re? Learn by way of and discover out!
You spend rather a lot each month, however no more than you earn. You simply have excessive month-to-month bills as a result of you may have a household to pay for, you’re self-employed or have a excessive “retail turnover” (fancy title for having fun with procuring). You want to search out methods to scale back your bills and use totally different instruments to earn cash for nothing.
As a Wholesome Spender, you possibly 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 house mortgage sooner.
Your motto: Use cash to earn cash!
Welcome! That is your first voyage into bank cards and also you hardly know the place to begin. You may be a scholar or a brand new everlasting resident in Australia. Perhaps you wish to construct your credit score profile so you may get a house mortgage.
Regardless of the cause, you’re in all probability searching for one thing you possibly can sink your tooth into with out getting in over your head – a low-cost, easy-to-navigate bank card.
Your motto: Everybody begins someplace!
You watch your cash like a hawk. You want to save lots of and don’t thoughts following a funds; in spite of everything, there’s nothing pretty much as good as hitting a monetary purpose 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 the right way 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 properly!
You’re keen on any form of deal: a reduction, two-for-one, voucher or cashback. You will have 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 comfortable with spending lunch breaks scouring the web for higher costs and practising your price-match haggle speech for unsuspecting retailer workers.
Your motto: By no means pay full value!
Chances are you’ll not want or desire a bank card for each day, however you do wish to have a bit of emergency fund prepared simply in case. You would possibly actually have a nice bank card that earns rewards and provides you perks you employ, however you additionally desire a separate wet day fund with decrease rates of interest for a real emergency.
Your ultimate wet day card has low or no annual charges, low rates of interest and suppleness.
Your motto: Be ready!
You employ expertise for the whole lot: getting a dopamine hit in your 10,000th step, paying together with your ring, ordering a mocha by way of an app and sending cash utilizing only a cellphone 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!
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 slightly have a root canal than take into consideration sticking to a good funds.
For splurgers, there’s all the time the danger that the credit score restrict looks like ‘free cash’. You would possibly even be an Indebted Splurger, if you have already got cash owing on one other bank card (through which case you possibly can take a look at steadiness transfers that can assist you get on high of your debt).
Your motto: Cash is for spending!
You run a enterprise, regardless of how large 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 prefer to be good about your small business funds. You’re searching for methods to handle cash higher, particularly you probably have workers with firm bills. You need higher methods to save lots of on bills, funds simpler and make each greenback rely. If each greenback earns rewards, even higher to your backside line.
Your motto: Earn on bills!
The right way to use your Credit score Card Character
Every single day, somebody asks me what bank card they need to get. However, it’s a bit like asking what automotive you should purchase; it relies on how far you’ll drive, what you’ll use it for, and even how assured you’re on the street.
Similar to vehicles, the bank card that’ll work greatest for you’ll change as you journey alongside in life. It’s alright to have a number of bank cards in a single lifetime – they’re a instrument for perks, freebies, serving to get on high of debt, having as an emergency fund and knocking years off your house mortgage.
When you’ve learn by way of the 9 cash types and may see what sort of spender, saver or deal digger you’re, you’ll instantly have laser-focus on the precise kinds of playing cards that may reward the best way you reside.
Utilizing the comparability guides and opinions
If 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 type by the function, as an example, by the quantity of bonus factors, the rate of interest or the annual price. It’s a simple method to spotlight the function you’re most considering.
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 data you want in regards to the card and its provides.
3. Hit “Go to supply” to be redirected to the issuer web page the place you’ll 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 goal to get again to you in a enterprise day or so.
Good luck and comfortable card searching, no matter form of particular person you’re!