MyState Financial has been offering financial services to customers for nearly 50 years. They have designed a Low Rate credit card for their customers who are looking for a simple way to manage their personal finances.
|Product Name||MyState Financial Low Rate Mastercard|
|Balance transfer rate (p.a.)||0% p.a. for 12 months|
|Balance Transfer Revert Rate|
The interest rate after the balance transfer ends.
|Cash Advance Rate (21.74% p.a.)|
|Balance Transfer Limit||80% of available credit limit|
|Purchase rate (p.a.)||12.99% p.a.|
|Annual fee||$49 p.a.|
|Interest Free Period|
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
|Up to 55 days on purchases|
|Cash advance rate (p.a.)||21.74% p.a.|
|Min credit limit|
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
|Max credit limit|
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
|Complimentary Travel Insurance||No|
|Minimum Age||18 years of age|
|Available To Temporary Residents||No|
|Annual fee||$49 p.a.|
|Minimum Monthly Repayment||2% or $30 whichever is greater|
|Late Payment Fee||$10|
|Cash Advance Fee||$3.50 (or 3.50% of amount when >= $100)|
|Overseas Cash Advance Fee||$5|
|Gambling Transactions Allowed||No|
|Number of Additional Cardholders||4|
MyState Credit Card Rates
This credit card offers very competitive rates that will be very beneficial to customers that are looking for a cheap credit card that allows them to save money and help to pay off some of their debt.
With this card, you will have a 12.99% p.a. on purchases and a 21.74% p.a. rate for cash advances. Also, your annual fee will be $49. You will be able to add as many as 4 additional credit cards to your account for no charge.
What Else Will I Get With The MyState Financial Mastercard?
With the Gold card, you will be eligible to receive complimentary insurance that will cover you for interstate travel against flight cancellations and against lost, delayed or damaged luggage. You will also have complimentary overseas travel, and will be covered against any unexpected cancellations or delays, hospital and medical expenses, damage or loss of personal items and for the excess of your rental vehicle, and more. This insurance will cover you and your family.
In addition to all of this, you will have complimentary purchase cover for both the Silver and Gold cards. This covers items that you have purchased for a period of three months, and covers them against loss, theft or even damage. The items must be purchased with your MyState Low Rate Mastercard.
Is This Credit Card Right For Me?
As with every credit card, it is important that you find a card that is right for you. If you are able to pay your balances off every month, then yes, this card is a good option. This Low Rate Mastercard has competitive fees, great insurance and you can add additional cards for no charge.
But you do have to make sure that you are able to pay your balances every month, or the interest charges will be very high. If you do have current credit card debt, then you should consider using this credit card for its introductory balance transfer rate. It can help you reduce and even clear your credit card debt, so that you can regain control of your finances.Back to top