GE Money Debt Consolidation Loan
If you are struggling to manage paying off multiple debts from numerous providers then GE Money Debt Consolidation is a simple way to consolidate all your debts into one easy to manage loan. Apply now and start simplifying your financestoday.
Features:
- Consolidate your credit cards, store cards, bills and other loans into just one easy to manage loan.
- Set a loan term that suits your budget and you could reduce your monthly outgoings.
- The repayment amount is fixed so it is easier to budget.
- Choose your own repayment frequency – weekly, fortnightly or monthly
- Fixed interest rate for the life of the loan.
- Make easy repayments using Direct Debit.
- No maximum loan amount (*subject to approval)
- Get approved within 24 hours of your application
Many people associate GE Money with consumer loans. A great deal of GE business does come from customers who buy larger products from retail outlets that sell GE finance, to help customers pay for their purchases over time.
However, they don’t just deal with retail and personal loans. In fact they have some very competitive credit card products available for those looking to make the switch. Let’s take a look at some of the GE credit card offerings, to see how they shape up in the very feisty card market.
The GE Credit Card Range
The GE Money Low Rate MasterCard – This is a credit card for those looking for a balance transfer deal. Anyone with an existing card debt can transfer their balance to this low rate card for 4.99% p.a. for 6 months.
A great way to save some money if your debt is currently tied up with a higher interest credit card provider. The standard revert rate of this card is 15.49% p.a., and customers also get the benefit of up to 55 days interest free on purchases, so you can treat yourself and pay it off over the course of a month.
There is an annual fee with this card, however it is very small at just $58 per year, making this card pretty cost effective to run.
The GE Money MasterCard – This is the standard version of the GE low rate card, and doesn’t offer a low rate period for new customers. You still get the benefit of up to 55 days interest free, however if you miss payment you purchases will be subject to the cards standard variable rate which is currently 23.50% p.a..
To offset the absence of a promotional period, this card has a lower annual fee of a minimal $39 per year.
The GE Money “Go” MasterCard – This offering is GE moneys reward card product. It allows you to obtain longer interest free periods when purchasing larger household items like fridges or washing machines. In come cases you can even get a years no payment deals, but this depends on the retailer where you buy your goods.
The interest rate with this card is higher at 21.74% p.a., however there is no annual fee, and you also get up to 62 interest free days meaning you have even longer to repay your debts without accruing any interest.
If you are very organised, and are able to stick to a strict routine or repaying your debts then you may find this card fairly beneficial. If not, it could become quite expensive.
The GE Money Eco MasterCard – For customers who have an active interest in reducing their carbon footprint then the GE Money Eco MasterCard may be a good option.
As far as interest rates go, this card sits in the middle of the GE range at 20.49% p.a.. There is the standard 55 interest free days available, and an annual fee of $49.
What this card does on behalf of customers is help reduce the carbon footprint left by purchasing carbon offsets from “Origins Carbon Reduction Scheme.” This gives nature friendly card holders the feeling of helping the environment, without actually having to anything to do anything other than spending money on their credit card.
Although some would say that the range of cards offered by GE Money are fairly heavy on the interest rate front, what you are getting is the peace of mind knowing that you are with a lender with a massive history and reputation in the financial arena, as well as one that is known for providing customers with a high level of service.
Posted on Tuesday, December 14th, 2010 at 10:30 am
You can leave a response, or trackback from your own site.
