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  1. tobe

    For those with an offset account, do you use your credit card all the time?

    I dont believe you can spend less with reward credit card than you could with cash. that is, the stuff you were buying at kmart, would be cheaper, if paid for in cash, somewhere else, the fuel would be cheaper, in cash at a discount unaligned petrol station etc etc.
  2. tobe

    For those with an offset account, do you use your credit card all the time?

    short answer is I dont know. Most offset accounts this wouldnt be possible, but the CBA offset is such a strange beast it just might be possible. however, if the reason you are getting the offset is because at some point it might be an investment property, then you shouldnt be putting any...
  3. tobe

    For those with an offset account, do you use your credit card all the time?

    except for point 4, none of these are advantages. 1, isnt an advantage due to the per annum cost of the offset, as you have noted. 2 is just stating the fact of how lenders calculate interest. The same savings can be made with a basic loan and redraw 3 is just hooey, show me a...
  4. tobe

    For those with an offset account, do you use your credit card all the time?

    offset with CC is just a ploy by lenders to make you sticky, and tempt you into the purchases you wouldnt normally make with cash. If you have any doubts, dont do it. The savings, especailly on loan amounts (SVR discounts) less that $500,000, and with lenders who charge $400pa for the...
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