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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

Mortgage Lending Criteria Tightened Leaving Many Borrowers In A Pickle

As variable home loan rate changes have been made, it should come as no surprise that many Australians are rethinking their existing mortgage. Thousands of property owners in the country are set to become so called “mortgage prisoners”. This is when a homeowner cannot obtain refinancing because they no longer meet their mortgage lender’s lending requirement even if they have made every repayment on time.

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A Shocking Number Of Australians Lack Basic Financial Literacy

It is hardly surprising that the results of a new survey suggest that Australians who lack financial literacy tend to have low levels of savings, probably do not have much of an emergency fund and continue to carry credit card balances instead of paying down debt. The survey conducted by the University of Melbourne polled a group consisting of 15,000 people from both genders and every age group. Men tended to be more literate as were middle aged respondents in comparison to females, younger age groups and the elderly. Continue reading

Mortgage Borrowers Should Think About Switching To Fixed Rate Home Loans

Over the last few months mortgage lenders have been raising their variable rates and passing on increased funding costs to borrowers. Many banks have lifted rates already and more are expected to follow. Experts say the cost of obtaining funding pretty much affects every lender in the market, so it is no surprise that rates are rising across the board. This means even if you borrowed from a big bank, you shouldn’t expect they will sit tight whilst every other lender seeks to manage the increased costs. Continue reading

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