Making your monthly credit card payments

Each month you you’ll need to pay at least 2% of the amount you owe on your card or $10 – which ever amount is higher.

We’ll send you a statement letting you know the minimum amount you have to pay. The statement will also show you the full amount owing on your card (also known as the Closing Balance).

3 ways to pay your Aussie MasterCard

To make your monthly payment you can use:

• BPAY®
• CardPay Direct.
• A cheque.

BPAY®

BPAY® is the easiest way to make a payment. Use it to transfer funds from your cheque or savings account at any time via Internet or Telephone Banking The Aussie MasterCard Biller Code is 838805. Your credit card account number is your reference number.

CardPay Direct

CardPay Direct is a direct debit arrangement from your nominated transaction account. It takes the hassle out of paying your credit card bills. Once you set it up, all your payments are automatic. Check this is available with your financial institution.

You can choose to:

• Debit the minimum monthly payment
  This way you can be sure you won’t miss a payment but you can still make additional payments at any time.
• Debit a fixed amount So you know exactly what’s coming out of your account each month.
• Debit the total amount owing each month

A great way to save on interest but you need to be sure there’s enough money in your account each month to cover your full credit card balance.

Call us on 1300 660 841 to apply for CardPay Direct or printout and complete

CardPay Direct Form

and post it to us.

Cheque

Tear off and complete the payment slip from your statement then send it and a cheque to:

Aussie Credit Cards
Locked Bag 3135
GPO Melbourne VIC 3001

Other things you should know about credit card payments

• If you have balances on your account earning different interest amounts, then the balance earning the lowest interest will be paid off first by any payments made. So if you are on a promotional rate of 5.99% p.a. for example, but you’ve also bought things on our standard low rate of 11.49%, the promotional amount will be paid off first.
• If you are late with a monthly payment then you will be charged a fee of $35.
• If you spend more than your credit limit you’ll be charged $35. You’ll only be charged this fee once per month regardless of how many times you go over your limit.
• Your up-to-55 day interest free period is based on your statement and payment cycles. Basically, you get a statement every 30 days and have 25 days to pay that statement. If you paid your previous statement balance in full by the due date and you make a purchase on the first day of the next cycle, you have 55 interest-free days on that purchase.

Find out about the credit card fees and how to avoid them.