AMP Banking cuts introductory interest rate on AMP Credit Card

AMP Banking has cut its six-month introductory interest rate on its AMP Credit Card from 9.95 per cent per annum to 7.95% per annum.

After the end of the six month introductory period the interest rate will revert to the current standard variable interest rate which is 14.85 per cent per annum.

The 7.95 per cent introductory interest rate also applies to Balance Transfers for six months from the date of account opening, with the first transfer earning double AMP reward points and one point for every dollar transferred on further balance transfers.

No joining fees are charged to new AMP Credit Cardholders and there are no annual fees for the first year.

Since launching to the public in June last year the AMP Credit Card has built up 150,000 strong customer base. Customers can only apply for the AMP Credit Card by telephoning AMP Banking on 13 30 30.