Credit Card Deals from St.George Bank
| Credit Card | Purchase Rate | Balance
Transfer |
Interest Free | Reward Points | Card Fee | |
|---|---|---|---|---|---|---|
| St George Vertigo MasterCard - Instant discounts and added extras with St.George Instant Benefits. Receive a complimentary additional card for your friends or family. | ||||||
 |
12.49% p.a |
2.99% p.a (for up to 6 months) |
Up to 55 days | St.George Instant Benefits | $55 |  |
| St George Platinum Visa - Personal Concierge Service, Overseas travel, transit accident, purchase cover, extended warranty insurance | ||||||
 |
15.74% p.a |
3.99% p.a (for the first 6 months) |
Up to 55 days | Exclusive Platinum card programs offered by Visa and MasterCard | $89 | |
| St George Amplify Credit Card - For a limited time, enjoy an introductory balance transfer rate of 0.99% p.a. for up to six months | ||||||
 |
18.49% p.a |
0.99% p.a (for first 6 months) |
Up to 55 days | Up to $1 = 1 point double point special offer | $79 | |
What is St George Bank? Date Published : Thursday, February 14, 2008
Source : Credit Card News from Money AU
The friendly-looking dragon logo of St George is well known throughout Australia in various forms but many people do not know much more about the company.
St George Bank is the fifth largest financial institution in Australia - behind ANZ, Commonwealth Bank, National Australia Bank and Westpac - despite it only being a major player in two of the nation's states.
Headquartered in Sydney, the bank's history actually derives from South Australia with the forming of BankSA in 1848. The St George Co-operative Building Society was formed at a public meeting in New South Wales in 1937. In 1955 the two merged.
The company's distinctive dragon logo comes from a number of reasons. The legend of St George the knight who slayed a dragon is the most notable and it was introduced as the bank headquartered in the St George region of Sydney.
St George Bank is strong on retail and home lending, with competitive rates on other services such as health insurance, for example. They provide a range of banking services, such as a banking accounts, home and personal loans, credit cards and insurance.
Last year, St George Bank won two prestigious Money Magazine awards. On receiving the prizes, head of consumer lending Ed Box said: "This award really cements our position as the leader in the low rate credit cards market and we are delighted for the recognition."
>> All the best credit cards reviewed, rated and compared.
Disclaimer
*Interest rates quoted current as at 20/04/2009 and subject to change. 55 days interest free on purchases only on accounts paid in full by the due date. Interest free period does not apply to cash advances (cash advances are 19.99%p.a on Vertigo MasterCard), or any purchases while an amount that has been debited as a result of a balance transfer remains unpaid. All applications for credit are subject to the Bank's prevailing credit criteria. Fees, charges, terms and conditions apply and full details are available upon request.
** If your application for credit is approved, the special balance transfer rate period commences on the date the account is opened. The special Balance Transfer interest rate period ends 6 months later, regardless of when any balance transfer request is processed by us. On the date the special balance transfer rate period ends the interest rate on the outstanding transferred balances reverts to the standard variable rate applying to purchases. Any interest free period for purchases does not apply while an amount that has been debited as a result of a balance transfer remains unpaid. Balance Transfers will not be accepted from personal loan, overdraft, business or St.George Group or international credit card accounts. St.George Bank Limited ABN 92 055 513 070 AFS License No. 240997.
***Awarded Australia’s Cheapest Balance Transfer Credit Card by Money Magazine 2009
St.George Bank Limited ABN 92 055 513 070 AFS License No. 240997.
Disclaimer
* Interest rate is current as at 13/03/09 and is subject to change. For Platinum an interest rate of 19.99% p.a. applies to cash advances. 55 days interest free on purchases only on accounts paid in full by the due date. Interest free period does not apply to the cash advances, or any purchases while an amount that has been debited as a result of a balance transfer remains unpaid. All applications for credit are subject to the Bank's prevailing credit criteria. Fees, charges, terms and conditions apply and full details are available upon request.
** These benefits are provided to cardholders and are subject to Terms and Conditions (http://www.stgeorge.com.au/resources/sgb/downloads/InsuranceCOU.pdf) and exclusions contained in the Policy of Insurance. Please refer to the Terms and Conditions for a full explanation of cover and exclusions.
*** If your application for credit is approved, the special balance transfer rate period commences on the date the account is opened. The special Balance Transfer interest rate period ends 6 months later, regardless of when any balance transfer request is processed by us. On the date the special balance transfer rate period ends the interest rate on the outstanding transferred balances reverts to the standard variable rate applying to purchases. Any interest free period for purchases does not apply while an amount that has been debited as a result of a balance transfer remains unpaid. Balance Transfers will not be accepted from personal loan, overdraft, business or St.George Group or international credit card accounts.
St.George Bank Limited ABN 92 055 513 070 AFS License No. 240997.
Australian Finance News
Australian Banks Continue To Battle For Deposits By Offering High Introductory Rates
Australia’s largest banks are using high introductory online savings rates to attract retail deposits and expand their deposit bases. Despite the high introductory rates, the lenders later aggressively cut back their deposit rates in order to preserve their profit margins.
The investment bank Macquarie conducted an analysis of the online savings market which found that the big four Australian lenders, as well as some international rivals were offering introductory rates that were as much as 200 basis points higher than the 4.5 per cent official cash rate.
QBE Denies Chief Executive To Step Down
Australian insurance major QBE has moved to end speculation that its chief executive is poised to step down. QBE chief Frank O'Halloran has run the company for the last twelve years, and the insurer says that he would continue in that role "for the foreseeable future".
Rumours of Mr. O’Halloran’s departure ricocheted around the insurance industry this week, when speculation began to emerge that Mr. O’Halloran would hand over the reigns of the company to Peter Harmer, a senior executive at insurance broker AON.
Research Firm Says ANZ Offers Best Value For Small Business
Australian banking major ANZ, has been named by a financial research firm as the lender which provided the best value banking service for small business. Despite the accolade, ANZ has not managed to convince all the decision makers in the business sector, and still lags behind rivals.
Canstar in issuing the award said certain product features that matter a great deal to small business provided by ANZ including credit facilities and loans.
But this has yet to translate into higher customer satisfaction levels with the bank.
JP Morgan To Cease Proprietary Trading
Global banking giant JP Morgan has apparently decided to close down its proprietary trading operations, sources from within the bank say. According to an unnamed source quoted by Dow Jones, JP Morgan has issued notice to approximately 20 proprietary traders that trade commodities.
JP Morgan has never had a huge focus on proprietary trading, and it’s prop trading desks have tended to be small. Nevertheless those desks have been affected by regulatory reform and in particular the Volcker Rule, which forbids banks from proprietary trading, proprietary investments in hedge funds and private equity.
Australians Believe Not Enough Competition In Banking
A survey undertaken by Australian wealth manager AMP suggests that nearly 78 per cent of all Australians believe that acquisitions by banks should be restricted.It is no coincidence that the survey results were released on the eve of the ruling by the competition regulator on National Australia Bank’s proposed acquisition of Axa Asia Pacific Holdings.
According to the AMP survey, an overwhelming majority of 71 per cent of people polled say they believe that there needs to be increased competition within the Australian financial services sector.