When you need to borrow money, what’s the better deal — your credit card or getting a personal loan? Let’s say you want to start a home improvement project, and you’ll need $5000. Let’s also say that you won’t be able to take advantage of interest free days from your credit card, because you know this will be a longer-term financed project.

At that required credit limit, either a credit card or personal loan could work for you. It’s often assumed that personal loans are the better deal because they’re known for having lower interest rates. That’s not always the case though, as you can see below in a comparison between a Citibank Clear credit card and Citibank’s Ready Credit Project Loan. read more..

Credit card benefits can seem obvious — rewards programmes and convenience for starters. Did you know that your debit card can offer many of the same benefits as credit cards, minus the potential of getting into debt? Here are some reasons you shouldn’t neglect debit cards as payment options. read more..

Credit card companies will often allow you to get a second card for another cardholder on your account. The additional credit card might be used by a spouse where the partners have joint finances. You might also consider giving the additional card to your child while they’re in school, allowing them to use a credit card (but with your supervision on the account). Is it really a good idea to have an additional cardholder though?

Here are some of the downsides of additional cardholders, which you may want to consider before asking for that second credit card: read more..

The idea of getting your first credit card can be a little bit exciting, and a little bit scary. The choice you make in a first credit card is an important one. It can affect your credit history for years to come and be the start of a long-term banking relationship.

Your first card might be a student credit card or simply a traditional credit card tailored to new cardholders (like the ANZ First Visa). Either way, keep the following considerations in mind when choosing your first credit card: read more..

It might be nice knowing you can finance an occasional large purchase with your credit card, but what about all of the little day-to-day items you purchase which can really add up? The Citibank BP credit card (or BP-Citi card) is designed to specifically meet your daily spending needs.

Use your BP-Citi card at BP stations for petrol (or anything else), and you’ll save 5% on your purchases! You’ll even save money on purchases made anywhere else, making this credit card ideal for all of your normal spending needs including groceries and monthly bill payments.

Learn more about the Citibank BP credit card below, and you can apply online today! read more..