The Woolworths Everyday Money credit card is like a lot of rewards credit cards in a number of ways.
The rewards credit cards seek to help out their customers by rewarding them for their spending. The cards are differentiated by what types of rewards are offered and by how much it will cost for these rewards to kick in. Typically, rewards credit cards are a nice way to offset the costs of doing business in today’s corporate world.
The Woolworths Everyday Money Credit Card has a number of features, most of which are good when compared to other cards. The card features no annual fee for the first year, which means customers will save on somewhere close to $50 that they otherwise would have had to pay during that opening period.
The card offers what they are terming a competitive type of interest rate. This rate promise goes along with the advertised offer of no interest for the first 55 days in which you have the cards. Together, this means that the card has one of the lowest APR numbers in the entire industry.
One of the most unheralded aspects of this card is the security system that comes along with it. There is chip technology, meaning that you are safer in the unfortunate case that your card is stolen or you happen to lose it. This can set your mind at ease and it can potentially save you lots of money in case of an emergency.
The rewards are obviously the best thing about this card, and you get some right off the bat. They offer a $50 shopping card when you first get the credit card if you spend on your card before 30 April 2009. You can also earn three rewards points for every dollar that you spend, and you will be given a shopping card every four months if you use the card.
One of the ways in which the Woolworths Everyday Money card compares most favorably is with the interest rate. While many rewards cards are charging north of 20% APR on purchases, this card keeps it well below that threshold.