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 may work out how you tick, and which sort of card fits your private cash type. Meaning no extra evaluation paralysis or sifting by way of 1000s of playing cards with no thought the place to begin. Isn’t that a large reduction?
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 sort to check playing cards and offers which are greatest fitted to you
Prepared to search out out what sort of bank card individual you might be? Learn by way of and discover out!
You journey rather a lot. You’re keen on racking up factors; checking your frequent flyer account is a dopamine hit. You may even be so accustomed to your factors program you can estimate what your factors will get you, from flights to lodge stays.
Whether or not you utilize the factors for private journey, work or for holidays with household, you’ll normally select frequent flyer factors over another rewards program.
Your motto: Flights are extra enjoyable after they’re free!
⭐Finest playing cards: Frequent Flyer playing cards | Rewards playing cards | Velocity playing cards | Playing cards with Precedence Cross | Journey Credit score Playing cards | Playing cards with Free Journey Insurance coverage
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’ve gotten a household to pay for, you’re self-employed or have a excessive “retail turnover” (fancy title for having fun with buying). You want to search out methods to cut back your bills and use completely different instruments to make cash 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 private home mortgage sooner.
Your motto: Use cash to make cash!
⭐ Finest playing cards: Rewards playing cards | Playing cards with Bonus Factors | No International Price playing cards | Frequent Flyer playing cards
Welcome! That is your first voyage into bank cards and also you hardly know the place to begin. You could be a scholar or a brand new everlasting resident in Australia. Possibly you wish to construct your credit score profile so you will get a house mortgage.
Regardless of the purpose, you’re most likely on the lookout for one thing you may sink your tooth into with out getting in over your head – a low-cost, easy-to-navigate bank card.
Your motto: Everybody begins someplace!
⭐Finest playing cards: Credit score Playing cards for First Timers | No Annual Price playing cards | Low Curiosity-rate playing cards | Scholar playing cards
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 aim like saving for a home deposit, paying off a mortgage, or reaching a financial savings goal. You’ve most likely been to seminars or learn books on cash, budgeting, or the right way to enhance your retirement.
You normally learn evaluations earlier than committing to a brand new product and weigh up the professionals and cons rigorously.
Your motto: Cash is a useful resource, so use it properly!
⭐Finest playing cards: Credit score Playing cards for First Timers | No Annual Price playing cards | Low Curiosity-rate playing cards | Scholar playing cards
You’re keen on any sort of deal: a reduction, two-for-one, voucher or cashback. You’ve 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 internet. You’re pleased 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 value!
⭐Finest playing cards: Playing cards with Bonus Factors | Rewards bank cards | Playing cards with Cashback Offers | Playing cards with Particular Provides
You might 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 may actually have a nice bank card that earns rewards and offers you perks you utilize, however you additionally desire a separate wet day fund with decrease rates of interest for a real emergency.
Your best wet day card has low or no annual charges, low rates of interest and adaptability.
Your motto: Be ready!
⭐Finest playing cards: No Annual Price playing cards | Low Curiosity-rate playing cards | Playing cards with 0% Buy Provides
You utilize know-how for every part: 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!
⭐Finest playing cards: Google Pay, Apple Pay and Samsung Pay playing cards | Crypto playing cards | Credit score Union playing cards | Frequent Flyer playing cards
Price range? 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 funds.
For splurgers, there’s at all times the danger that the credit score restrict looks like ‘free cash’. You may even be an Indebted Splurger, if you have already got cash owing on one other bank card (wherein case you may have a look at stability transfers that can assist you get on prime of your debt).
Your motto: Cash is for spending!
⭐Finest playing cards: Playing cards with 0% offers on purchases | Low interest-rate playing cards | Playing cards with good stability switch offers
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 wish to be sensible about your corporation funds. You’re on the lookout for methods to handle cash higher, particularly in case you have staff 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 in your backside line.
Your motto: Earn on bills!
⭐Finest playing cards: Enterprise playing cards | Company playing cards | Gasoline playing cards | Playing cards that earn factors on ATO spending
Easy methods 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 can purchase; it is dependent upon how far you’ll drive, what you’ll use it for, and even how assured you might be on the street.
Similar to automobiles, 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 prime of debt, having as an emergency fund and knocking years off your private home mortgage.
When you’ve learn by way of the 9 cash kinds and might see what sort of spender, saver or deal digger you might be, you’ll instantly have laser-focus on the precise forms of playing cards that can reward the best way you reside.
Utilizing the comparability guides and evaluations
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 type by the characteristic, for example, by the quantity of bonus factors, the rate of interest or the annual price. It’s a straightforward option to spotlight the characteristic you’re most concerned with.
2. Click on the cardboard to learn our assessment. Our evaluations are written by actual individuals and we do our greatest to offer you all the data 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 will discover out extra and submit an software.
On each web page, you’ll be capable 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 comfortable card looking, no matter sort of individual you might be!