Woolworths Credit Cards

Not everybody associates the Woolworths brand with credit cards. However, if you overlook offers from this company you could be missing out on a real money saver. No matter which Woolworths credit card you choose, their features as well as the high level of service make for an excellent card. What more could you ask for? To go along with their standard credit cards, Woolworths also offers prepaid cards. As you can see, they have something for every consumer – from students and first timers to those who have an established financial history.

Help with Choosing a Woolworths Credit Card

With several options available, comparing the available credit cards from Woolworths is an essential part of the selection process. If you don’t know what the company has to offer you will not be able to make a totally informed decision. The Woolworths name alone is reason enough to do business with this provider. That being said, this is just the start. Their cards have some great features like rewards, balance transfer offers and low ongoing purchase rates. Ask yourself the following questions to help choose the best Woolworths credit card for you.

• Do you want a traditional credit card or prepaid card? – Answering this question will allow you to focus on the category that best matches your needs. The most obvious difference is that standard credit cards allow you to carry a balance whereas a prepaid card doesn’t. Prepaid cards are a great way to manage your budget and avoid debt, but they tend to lack any promotional offers or rewards programs.
• Do you have specific needs? – Some consumers are tightly focused on finding the best rewards program. Others don’t care about earning points, as long as they have access to low interest rates on purchases, cash advances, or balance transfers. What is important to you?
• Does Woolworths have any attractive offers now? Every now and then, like all banks, Woolworths presents special introductory offers such as a low balance transfer rate for a specified period of time. Check that another bank isn’t running a better offer before applying.

Pros

• Earn rewards points – Woolworths is well known for its rewards program, which allows you to collect points as quickly as you can use your card. You can earn Everyday Money Rewards or Qantas Frequent Flyer points.
• Low interest rates – Even without introductory offers, Woolworths are often more competitive than their competing companies when it comes to ongoing purchase interest rates. If you are the type of consumer who regularly carries a balance, this is one of the most important details to consider.
• Many extras – Some of the best benefits include free additional cardholders, worldwide acceptance, chip and PIN security, repayment insurance, and MasterCard PayPass contactless payments.

Cons

• Annual fees – Most Woolworths credit cards charge an annual fee. Are you willing to pay this fee for access to a range of other advantages such as their rewards program?
• Fewer options – Although credit cards from Woolworths tend to be highly rated, they don’t offer as broad a choice as some competing banks. The cards they do offer, though, are full of valuable benefits and features.