Easy Street Financial Services

Easy Low Rate Visa Credit Card

Purchase Rate

Purchase Rate

8.99%

Balance Transfer Rate

Balance Transfer Rate

8.99%

Annual Fee

Annual Fee

$40

Max Free Days

Max Free Days

55

Late Payment Fee

$25

Purchase Rate

Purchase Rate

8.99%

Balance Transfer Rate

Balance Transfer Rate

8.99%

Annual Fee

Annual Fee

$40

Max Free Days

Max Free Days

55

Late Payment Fee

$25

Pros and Cons

Pros and Cons

    • No reward program
    • Does not offer free supplementary cards
    • Late payment fee

    Features and Fees

    Easy Street Financial Services Features and Fees

    Details

    Card Level

    Standard

    Card Type

    Visa

    Interest Free Days

    Interest Free Days

    55

    Minimum monthly repayment

    3% or $20

    Minimum credit limit

    $1k

    Maximum credit limit

    $15k

    Free supplementary cards

    Number free supplementary

    1

    Instant Approval

    Fees

    Annual Fee

    Annual Fee

    $40

    Annual Fee Spend Waiver

    Supplementary card annual fee

    $0

    Late Payment Fee

    $25

    Over limit fee

    Duplicate statement fee

    Electronic Wallet Service

    Important Rates

    Rates

    Purchase Rate

    Purchase Rate

    8.99%

    Cash advance rate

    8.99%

    Cash advance fee

    $0

    Balance Transfer

    Balance Transfer Rate

    Balance Transfer Rate

    8.99%

    Transfer Limit

    $15k

    max card limit

    Balance Transfer Fee

    $0

    Overseas spending

    Foreign Exchange Fee

    3% on Visa

    Overseas charges

    Overseas charges

    $5

    Estimated ATM Cost

    $14

    for AU $300 withdrawal

    Rewards

    Program name

    Rewards Available

    Eligibility

    Minimum age

    18

    Minimum income

    $0

    Eligibility conditions

    Residency

    Pros and Cons

      • No reward program
      • Does not offer free supplementary cards
      • Late payment fee

      Easy Street Financial Services Features and Fees

      Details

      Card Level

      Standard

      Card Type

      Visa

      Interest Free Days

      Interest Free Days

      55

      Minimum monthly repayment

      3% or $20

      Minimum credit limit

      $1k

      Maximum credit limit

      $15k

      Free supplementary cards

      Number free supplementary

      1

      Instant Approval

      Fees

      Annual Fee

      Annual Fee

      $40

      Annual Fee Spend Waiver

      Supplementary card annual fee

      $0

      Late Payment Fee

      $25

      Over limit fee

      Duplicate statement fee

      Electronic Wallet Service

      Important Rates

      Rates

      Purchase Rate

      Purchase Rate

      8.99%

      Cash advance rate

      8.99%

      Cash advance fee

      $0

      Balance Transfer

      Balance Transfer Rate

      Balance Transfer Rate

      8.99%

      Transfer Limit

      $15k

      max card limit

      Balance Transfer Fee

      $0

      Overseas spending

      Foreign Exchange Fee

      3% on Visa

      Overseas charges

      Overseas charges

      $5

      Estimated ATM Cost

      $14

      for AU $300 withdrawal

      Rewards

      Program name

      Rewards Available

      Eligibility

      Minimum age

      18

      Minimum income

      $0

      Eligibility conditions

      Residency

      FAQs

      How to increase my Commonwealth credit card limit?

      Commonwealth Bank credit cards are extremely popular in Australia for everyday purchases and big ticket items alikers. A number of the card’s functions can be customised, depending on your needs and desires. If you wish to increase your Commonwealth credit card limit using the CommBank, you can usually do so on the app or via NetBank.

      In the CommBank app, tap on the ‘Cards’ icon and choose your credit card. Then, click on ‘Credit Limit’ and select the ‘Increasing your limit’ option. If you don’t have the CommBank app, you can also increase your Commonwealth Bank credit card limit through NetBank. Simply log on and go to Settings, then click on ‘Product Requests’ and then choose ‘Credit Card Limit Changes’. 

      Once the bank has received your application, they will review your account and payment history. Based on this assessment, your application will either be approved or denied. If approved, your new limit will be applied to your card instantly. 

      While increasing your credit card limit may be an easy process, it’s important to remember that you should only request limits that you can manage. A high limit increases the risk of having a larger debt, even with cards that provide low-interest rate options. So, it’s important to think carefully and seek advice from people you trust before increasing your Commonwealth Bank credit card limit.

      How to increase your Qantas Premier credit card limit

      When your income or spending habits change, you might wish to increase your credit card limit. The Qantas Premier credit card allows you to do this over the phone. You can contact Qantas Premier Card Support by calling on 1300 992 700. Unlike some other credit providers, Qantas doesn’t give you the option to increase your limit online.

      Qantas will only accept your application if you have a good history of repayment and have not increased your credit or bought another credit product from Qantas in the past six months.

      Before approving your Qantas Premier credit card limit increase, Qantas will perform a credit assessment on your current financial circumstances and ask why you would like to increase your credit limit.

      To ensure that there are no bumps in your application process, you must provide accurate and recent information about your financial situation. You should also account for any future changes you’re anticipating which could hinder your ability to repay the loan.

      Once the assessment is complete, Qantas will either approve or deny your application. If they approve it, you will need to sign a credit limit increase agreement - and you can request a written copy of the credit assessment. However, if your application is rejected, Qantas can opt not to provide a copy of the assessment.

      What is the CUA credit card increase limit process?

      A credit limit is pre-assigned based on factors like your income, expenses, and debt by the card-issuing company. It varies from time to time based on credit utilisation and changes to your circumstances.

      If your income has increased or your liabilities have reduced, you can request for an increase of your CUA credit card limit. You can lodge the request via online banking on the website, or by visiting the closest branch, or by downloading the application form and mailing it. While making the application, you may need to provide information about your income, employment status, desired limit, and the reason for the increase. The card-issuing company will assess your request before approval.

      Before you apply for an increase to the credit limit, ensure your bills are paid in full and you aren’t asking for a very steep enhancement.

      How can I increase my credit card limit on my American Express card?

      If you want to increase the credit limit on your American Express (AMEX) credit card, you will need to apply through the AMEX Online Services, or by calling the number on the back of your card. You may need to share personal information that the bank can use to assess whether the requested limit is suitable for you and your current financial status. Once your application is approved, your new limit will be ready for use within an hour.

      How do I apply for a credit card online?

      What is a credit card?

      A credit card is a payment method which lets you pay for goods and services without using your own money. It’s essentially a short-term loan which lets you borrow the bank’s money to pay for things which you can pay back – potentially with interest – at a later date. Credit cards can also be used to withdraw money from an ATM, which is known as a cash advance. Because you’re borrowing money from a bank, credit cards charge you interest on the money you use (unless you repay the entire debt during the interest-free period). When you apply for a credit card, the bank gives you a credit limit which sets the maximum amount you can borrow using your card. Credit cards are one of the most popular methods of payments and can be a convenient way of paying for goods and services in store, online and all around the globe.

      What does Westpac credit card insurance cover?

      If you own a Westpac credit card, one of the perks may be  free travel insurance. If you’re eligible, you may be covered if you get sick while travelling, have lost your luggage, have to cancel a trip or have an accident while you’re on the move.

      Besides these standard inclusions, the Westpac credit card insurance policy may also cover you for hospital essentials, emergency dental treatment and alternative transport if your original plans go awry. It may also cover loss of income when you get back home after being sick  overseas and your pets’ boarding costs too.

      If you have any queries, the Westpac credit card insurance contact number is 1800 091 710. You can submit a claim online.

       

      How easy is it to get a credit card?

      For most Australians, there are no great barriers to applying for and getting approved for a credit card. Here are some points that a lender will consider when assessing your credit card application.

      Credit score: A bad credit score is not the be all and end all of your application, but it may stop you being approved for a higher credit limit. If your credit score is less than perfect, apply for the credit limit that you need, rather than the one you want.

      Annual income: Most credit cards have minimum annual income requirements. Make sure you’re applying for a card where you meet the minimum.

      Age & residency: You need to be at least 18 years old to apply for a credit card in Australia, and most require that you are an Australian citizen or permanent resident. However, there are some credit cards available to temporary residents.

      What's the best credit card for rewards?

      There is no one-size-fits-all best rewards credit card. It's best you research what type of rewards program you'd like, as well as the fees, interest rate and conditions associated with those types of cards before making a choice. 

      Rewards credit cards can also come with high annual fees that may end up nullifying the rewards, so think how often you use the card to decide whether the benefits outweigh the extra cost for you. A card with a lower annual fee might require a lot of spending to get any useful rewards, while another card with a higher annual fee might need fewer purchases to get a reward. 

      How many numbers are on a credit card?

      The numbers on your credit card actually follow a universal standard which is used to identify specific functions. Each credit card has a different amount of numbers. Visa and Mastercard have 16, American Express has 15 and Diner’s Club has 14. 

      The first number on a credit card always identifies what type of credit card it is. Visa cards start with a 4, whereas Mastercard starts with a 5 and American Express with a 3. The remainder of the digits represent the account number, including the last number which is used to verify that your credit card is actually valid. 

      Credit cards also have additional verification numbers, which are mainly used when the card isn’t present for phone and online purchases. These are the three-digit numbers on the back of Visa and MasterCard or the four-digit numbers on the front of an American Express card.

      How to make a credit card online

      If you’re wondering about how to make a credit card online application, here are some steps to follow:

      • Test the market. Many credit card options are available online. Compare providers by fees, interest and perks to ensure you’re getting the best deal.
      • Complete the application. Once you’ve selected a card, head to the provider’s website and complete the online credit card application form. Forms vary by providers.
      • Provide details. Most cards require you to meet age, residency, income and credit status condition, and you need to provide details like a bank account statement to prove this.
      • Review details. Ensure the information you’ve entered is correct.

      How do credit cards work?

      Think of credit cards as a short-term loan where you use the bank’s money to buy something up front and then pay for it later. Unlike a debit card which uses your own money to pay, a credit card essentially borrows the bank’s money to fund the purchase. When you apply for a credit card, the bank assesses your income and assigns you a credit limit based on what you can afford to pay back. At the end of each billing cycle, which is usually monthly, the bank will send you a statement showing the minimum amount you have to pay back, including any interest payable on the balance.

      Where can I get a credit card?

      Looking to get your first credit card? You might be confused as to exactly where to go to apply for one. Here’s where to go when you are ready to put in that application.

      The bank: Your bank is a great place to start, provided that you have a good banking history. Since you already have a financial history, you have more chance of your application being approved.

      Credit card provider: Another option is to apply for a credit card directly from the issuer, such as Visa, Mastercard or Amex. This will most likely be an online application, so do your research and apply for a suitable card for your circumstances.

      Major retailers: Coles, Woolworths, Myer and David Jones all have credit cards available. But watch out for the interest rate and annual fees – these cards are designed to help you spend more in store.

      Can a pensioner get a credit card?

      It is possible to get a credit card as a pensioner. There are some factors to keep in mind, including:

      • Annual income. Look for credit cards with minimum annual income requirements you can meet. 
      • Annual fees. If high fees are a concern for you, opt for a card with a low or $0 annual fee. 
      • Interest rate. Make sure you won’t have any nasty surprises on your credit card bill. Compare cards with a low interest rates to minimise risk.

      Should I get a credit card?

      Once you've compared credit card interest rates and deals and found the right card for you, the actual process of getting a credit card is quite straightforward. You can apply for a credit card online, over the phone or in person at a bank branch. 

      How long does it take to get a credit card?

      There are a few stages you need to go through to get a credit card; each one takes a different length of time.

      Applying for the card online, over the phone or in person is the fastest step. This usually takes around 15 minutes, provided you have all of your documents handy.

      After submitting your application, it usually takes between one to 10 business days for the lender to assess your eligibility. Some lenders offer instant approval, although you will need to send supporting documents before it is official.

      Once your application has been approved, expect to wait between one to 14 days to receive your card in the mail. Keep in mind that delays can happen during busy periods, such as if the lender has launched a special deal.

      How to get cash with just a credit card number

      Banks and merchants usually will not allow you to access cash without a physical card, because doing so would open up opportunities for fraudulent activities. Even most non-cash credit card transactions (such as shopping online) require you to know the expiry date and CVV on your credit card in addition to the card number.

      However, some banks offer cardless cash for transaction accounts. Using a secure app installed on your mobile phone, you can log onto an ATM and withdraw the money you need. This could be a practical and secure solution if you don’t have a card and need cash.

      How to pay a credit card

      There are a few ways to pay a credit card bill. These include:

      • BPAY - allows you to safely make credit card payments online.
      • Direct debits - set up an automatic payment from your bank account to pay your credit card bill each month. You can choose how much you want to pay of your credit card bill when you set up the auto payments.
      • In a branch.
      • Via your credit card provider's app.

      What is CVV on a credit card?

      CVV stands for ‘card verification value’, and is also sometimes referred to as a CVC or card verification code.

      A CVV code is usually needed when the card is used online or over the phone as an anti-fraud measure. Without the cardholder being physically present to sign or verify the purchase, the CVV provides an extra layer of protection. 

      If you’re using Mastercard or Visa, the CVV is the three digits located on the back of the card. If you’re using an American Express, the CVV is usually four digits and is on the front of the card.

      Do you need a credit card to get a loan?

      You do not need a credit card to get a loan, but you usually need to have a credit history. Without a credit history, a financial institution cannot assess your ‘credit worthiness’, or your capacity to pay off the loan.

      If you don’t have a credit card, your credit history can reflect any record of paying off an asset. Without any credit credit history, you’re limited in the type of loans you can apply for. But you may be able to obtain a secured loan against an asset. For more information on improving your credit score, go here