Woolworths Everyday Money Credit Card Review
Those who frequent stores that are part of the Woolsworth retail group would be foolish to pass up on the Woolsworth every day money credit card.
Introduced just recently by Australia’s largest retailer, the HSBC bank Australia-issued card is spurring excitement amongst shoppers of various Woolsworth holdings, among them supermarkets, convenience stores, and petrol stations. The card functions in the same fashion as any other credit card, and can be used in any location where “plastic” is accepted. However, when shoppers make purchases at any of the retail group’s locations, as well as other stores, they are rewarded points for every dollar they spend.
The Woolsworths every day money credit card differs from other rewards cards in many respects. For one, shoppers will have the convenience of being able to check their balance as they are completing a transaction at one of the group’s supermarkets. Executives for the company have also made it clear that the rewards card has exciting features on the horizon. Among them, is a feature known as “epump.” This feature will enable cardholders to make automatic payments at petrol stations. The technology behind this feature is rather innovative-an antenna located inside the card will emit a signal to a reader located at the petrol station, and will automatically process the transaction, computing any applicable discounts in the final price.
Woolsworth shoppers will find that the Woolsworth every day money credit card is extremely affordable. Those interested in obtaining the card will have to pay a $49 annual fee. The card boasts a 18.74% interest rate on individual purchases, a 55 day interest-free time period, and a 5.99% balance transfer fee. Over-limit and late payment situations will constitute a $35 fee. Cardholders are required to repay 2.5% of their balance or $30 on a monthly basis, whichever greater. Interested parties should hurry, as a zero rate offering currently in effect.
As mentioned earlier, whenever cardholders make purchases at any location, they are rewarded points. For every dollar a customer spends, they are rewarded one point, regardless of where they made the purchase from. However, if a cardholder makes a purchase from a location that is part of the Woolsworth retail group, they will be rewarded two points for every dollar they spend. Additionally, cardholders who purchase products that are part of the Woolsworth brand will be rewarded three points for every dollar they spend towards acquiring the specific Woolsworth product. Following a four-month period, these points will be converted into a voucher cards of varying amounts (depending on the number of points the customer has accumulated). Customers have three months to use the voucher card in any of the retail group’s locations. Although no specific information has been given as to how the company converts points to redeemable money, a person who has collected a bit over 19,000 points can expect to be rewarded with $110 or so dollars.
In the overall scope of things, the Woolsworth every day money credit card is well worth it. The card is extremely affordable relative to comparable rewards cards, offers features that many cards are currently unable to match, and rewards customer rather well for the purchases they have made it. If you’re a fan of any of the retail outlets that make up the Woolsworth company, you should take a careful look at this card as it could prove extremely beneficial.
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