CANSTAR CANNEX Credit Card Profiles - Which one are you?The value of any particular credit card depends on how it is used. That's why CANSTAR CANNEX rates credit cards according to spender profile. We use four profiles – Habitual spender, Impulse spender, Everyday spender and Big spender – in our credit card star ratings.If you're short-listing cards that give superior value according to the type of spender you are, check out the five star products in the CANSTAR CANNEX credit card star ratings report. 
Habitual SpenderDo you struggle to pay off your credit card and carry over the debt from month to month? Your best bet is to go for a low rate card with a very low or no annual fee. If you can get a card that offers instant rewards or discounts at places you regularly use, that's even better. Don't, however, be swayed by cards offering big rewards, as these usually come with big monthly interest rates and/or large annual fees.(For this profile CANSTAR CANNEX uses the scenario of spending $12,000 a year while revolving a balance of $5,000.) 
Occasional SpenderIf you only use your card for emergencies and occasional spending (such as Christmas shopping, holidays or sales) then usually pay off the balance in full, try to find a card with a very low or no annual fee.(For this profile CANSTAR CANNEX uses the scenario of spending $5,000 per year while revolving a balance of $1,000 once per year.) 
Everyday SpenderIf you use your card for regular purchases such as groceries and petrol and pay off your balance in full each month then you have a bit more breathing room since you don't have to worry about interest rates. Your challenge will be to find the card that provides the features you're interested in at the lowest cost. As you stick to a budget and are disciplined enough to pay in full, you can afford to check out what rewards programs are on offer.(For this profile CANSTAR CANNEX uses the scenario of spending $24,000 while revolving a balance of $3,000 once a year.) 
Big SpenderIf you earn and spend a lot of money on your credit card each year and nearly always pay off your balance, you might be in the market for a card that provides features and perks that you use frequently. These may include free travel insurance, concierge service and rewards program.(For this profile CANSTAR CANNEX uses the scenario of spending $60,000 per year while revolving a balance of $9,000 once a year.) Credit Cards ... |
Australia | New Zealand
Star Ratings - Credit Cards
Articles - Credit Cards
New way to fill up - epump |
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epump allows drivers with a Woolworths Everyday Money credit card to instantly pay for petrol at the pump by waving their card over the epump reader. |
Drowning in credit card debt? Consider a balance transfer |
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Hunting down a better rate and doing a credit card "balance transfer" could be the first step towards debt-free living. |
Big Brother to Squash Predatory Lending |
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The end of the road is nigh for any lender who now pushes credit onto vulnerable consumers. |
Visa or Mastercard: What's the difference? |
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The two leading credit card companies in the world today are the competitors Visa and MasterCard. They both operate in a very similar way. So what are the differences between the two? |
CANSTAR CANNEX Credit Card Profiles - Which one are you? |
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The value of any particular credit card depends on how it is used. That's why CANSTAR CANNEX rates credit cards according to spender profile. |
Is Plastic Surgery Needed to Trim Excess Debt? |
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If you suspect your personal debt level is in danger of becoming obese very soon, now is the time to take action. |
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