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About comparedinkum

The origins of the term 'fair dinkum' go back to the early Aussie Goldfields where Chinese workers used the term 'Din Kum' to confirm that a deal was fair, honest and true. Din Kum is loosely translated as 'Fair Gold'. We think that the same principles should apply today. The internet provides a proliferation of confusing deals and offers meaning it's hard to sift through the 'grit' and reveal the 'gold'. comparedinkum is dedicated to helping consumers by comparing, rating and reviewing products and services to enable them to make the right choices and find the right deal. Let us help you to save your fair share of gold.

Useful information when comparing products

We provide the visual tools necessary to evaluate and pick from a range of personal finance options, from credit card comparisons through to savings account comparisons . You will not find specific recommendations being given to products, but a clear and uncluttered easy to view display that allows you to make a judgement on the financial products being offered. To help you make the right choices we’ve compiled a list of common mistakes that we hope will help you make the best finance choice for your own situation.

Before you start your search

Each credit card provider has its strengths and its weaknesses and each person’s final choice is based on their own personal finance goals. If you have a track record of incurring extra charges on your credit card, it’s worth checking these charges against any new credit card agreement that you are going to enter into. For example if you need to withdraw cash from an ATM then most credit cards agreements will make two charges for the use of this service: one as a percentage on the amount of money that you withdraw, while the second is an APR on the money that you withdraw. It’s therefore worth writing down before you begin your search the essential features that you are going to need on your credit card so you have a good point of reference. Once you start looking through the offers it may become more difficult to distinguish between them once your search is underway as there are a number of offers available at any one time. This small step of preparation can save you time and money in the long-run.

Always Check APR’s

Bear in mind when looking at credit card comparison charts that APR quotes offered by banks are quoted typically for those customers that have high credit ratings. It’s therefore worth double checking the exact APR you will be expected to pay when signing up to any personal finance or business product. It will help you to avoid nasty surprises and keep you ahead of the game.

Credit card protection schemes

While buyer protection schemes are appealing we recommend that you also look at insurance providers to see what the cost might be to have buyer protection on your credit card incorporated into an existing policy, it might work out cheaper for you.

If you’re unsure take independent financial advice beforehand

Whether you are looking to compare your existing credit card with the market, or looking to change from a no annual fee credit card to a reward scheme credit card, we recommend that if you are unsure about what is going to be the best type of credit card for your own personal finance situation, that you also take advice from a financial expert. By following these simple steps you can be sure of picking the right kind of credit card for your own financial position.

Latest Finance News and Views from comparedinkum

Australians Need To Educate Themselves On The New Credit Reporting System

If you are someone who never thinks about their credit score you certainly aren’t alone in that sort of behaviour. According to research from Experian, 65 per cent of Australians have never looked at their credit report even a single time, with customers of the big four lenders being the worst in this regard. There have been changes adopted to the credit reporting system, so now more than ever it is critical that Australians understand how important having a good credit score is. Continue reading

Financial Regulator Issues New Guidance On Credit Cards

In a bid to ensure that credit card issuers engage in responsible lending, the regulator ASIC has asked that lenders take up a three-year period when they determine what the appropriate credit limits for borrowers should be. Banks and other providers of credit will now have to assess a borrower’s ability to repay their credit limit in no more than three years, whilst still maintaining the ability of customers to have regular access to credit. Continue reading

Second Hand Car Loans Make Car Ownership Affordable

According to the latest research, Australia appears to be a nation of second-hand lovers with over 90 per cent of the population having purchased at least one second item at some point in their lives. The research suggests that 100 million items were sold on Gumtree over the last year, with 43 per cent of buyers claiming they saved as much as 50 per cent off the purchase price of the item were they to have bought the item brand new. Continue reading

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