Best Credit Cards

Are you looking to find the best credit card* for your needs?

Listed below are some of the best credit cards* on offer in Australia. Each of these cards offer leading features and the best credit card* choice will depend on your needs and uses for the particular card. The comparison table features balance transfer cards, low rate, no annual fee and rewards options.

ANZ Low Rate

Low Interest Rate Credit Card*

Enjoy a low rate balance transfer offer. The card also features a low ongoing purchase rate and a low annual fee.

  • $58 p.a. annual fee
  • 13.49% p.a. on purchases
  • 0% p.a. for 16 months on balance transfers
  • Cash Advance Rate of 21.74% p.a.
  • Up to 55 days interest free
  • Minimum Income Requirement of $15,000 p.a.

Best Credit Card Comparison

Rates last updated December 18th, 2014

Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
ANZ Low Rate
ANZ Low Rate
Low Interest Rate Card with Low Balance Transfer Offer*
Enjoy a low interest rate on balance transfers and purchases with a low annual fee.
13.49% p.a. 0% p.a. for 16 months $58 p.a. 21.74% p.a. Go to site More info
Citi Simplicity Card
Citi Simplicity Card
Long Term Balance Transfer Credit Card with No Annual Fee
Enjoy a simple credit card that offers a long period on balance transfers with no annual fee and no late fees to pay.
19.99% p.a. 0% p.a. for 12 months $0 p.a. 19.99% p.a. Go to site More info
NAB Low Rate Credit Card
NAB Low Rate Credit Card
Low Interest Credit Card Offer *
Enjoy a low ongoing interest rate on everyday purchases and a long term interest free offer on purchases.
0% p.a. for 15 months (reverts to 13.99% p.a.) 4.99% p.a. for 6 months $59 p.a. 21.74% p.a. Go to site More info
American Express Qantas Discovery Card
American Express Qantas Discovery Card
No Annual Fee Qantas Rewards Credit Card*
A $0 annual fee credit card where can earn up to 7500 bonus points, plus Qantas Points for every dollar you spend.
20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Go to site More info
Westpac Low Rate Card
Westpac Low Rate Card
Low Interest Rate & Low Annual Fee Credit Card*
Westpac Low Rate credit card offers a long term low purchase and balance transfer rate, with a low annual fee.
13.49% p.a. 0% p.a. for 16 months $59 p.a. 21.49% p.a. Go to site More info
NAB Premium Card
NAB Premium Card
Platinum Credit Card with Balance Transfer Offer*
Platinum credit card benefits including higher credit limits and travel insurance, plus a great 15 month balance transfer offer.
19.74% p.a. 0% p.a. for 15 months $90 p.a. 21.74% p.a. Go to site More info
Virgin No Annual Fee Credit Card
Virgin No Annual Fee Credit Card
No Annual Fee Credit Card with Balance Transfer Offer*
No annual fee charged with this credit card, plus a low long term balance transfer offer. Take advantage of the 0% p.a. for 14 months balance transfer offer.
18.99% p.a. 0% p.a. for 14 months $0 p.a. 20.99% p.a. Go to site More info
Bankwest Breeze MasterCard - Exclusive Offer
Bankwest Breeze MasterCard - Exclusive Offer
Exclusive Offer to Credit Card Finder. Low Purchase Rate and Introductory Purchase Rate Offer *
Enjoy a low ongoing purchase rate, and an introductory offer on purchases, together with a low annual fee.
0% p.a. for 13 months (reverts to 12.24% p.a.) $59 p.a. 21.99% p.a. Go to site More info
Westpac 55 Day Platinum Card - Exclusive Offer
Westpac 55 Day Platinum Card - Exclusive Offer
Platinum Credit Card with Travel Insurance*
No annual fee for the first year with a low interest rate on purchases and balance transfers. Overseas travel insurance for return trips up to 6 months.
0% p.a. for 12 months (reverts to 19.84% p.a.) 3.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. annual fee for the first year ($90 p.a. thereafter) 21.29% p.a. Go to site More info
American Express Platinum Edge Credit Card
American Express Platinum Edge Credit Card
American Express Rewards Program Credit Card*
Receive 5,000 Membership Rewards Bonus Points when you spend $500 on your Card in the first 2 months of your Card membership, Plus earn 3.00 Membership Reward points per $1 spent at major supermarkets including Coles and Woolworths.
20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
ANZ Platinum Credit Card
ANZ Platinum Credit Card
Low Balance Transfer & $0 Annual Fee Credit Card*
A low interest rate offer on balance transfers with a $87 annual fee for the first year.
19.74% p.a. 0% p.a. for 16 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) 21.49% p.a. Go to site More info
Coles No Annual Fee MasterCard
Coles No Annual Fee MasterCard
No Annual Fee with Rewards*
No annual fee card from Coles with flybuy points earning.
0% p.a. for 6 months (reverts to 17.99% p.a.) $0 p.a. 17.99% p.a. Go to site More info
American Express Velocity Escape Card
American Express Velocity Escape Card
Velocity Rewards Program with No Annual Fee*
Earn 10,000 bonus Velocity points if you spend $300 in the first 3 months. Plus $0 annual fee.
20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Go to site More info
American Express Low Rate Credit Card
American Express Low Rate Credit Card
Low Interest Card with Refund and Purchase Protection *
A low rate credit card with complimentary refund & purchase protection & a low interest rate on purchases.
11.99% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $65 p.a. Go to site More info
St.George Vertigo Platinum
St.George Vertigo Platinum
Low Rate Platinum Credit Card
Low ongoing interest rate with complimentary insurances, including domestic flight inconvenience insurance.
0% p.a. for 12 months (reverts to 12.74% p.a.) 3.99% p.a. for 6 months $99 p.a. 21.49% p.a. Go to site More info
St.George Vertigo Visa
St.George Vertigo Visa
Low Rate Credit Card & Long Term Purchase Offer*
Enjoy 55 days interest free on purchases with a low ongoing purchase interest rate. Plus a low annual fee from St George.
0% p.a. for 12 months (reverts to 13.24% p.a.) 3.99% p.a. for 6 months $55 p.a. 21.49% p.a. Go to site More info
ANZ Frequent Flyer Black
ANZ Frequent Flyer Black
Up to 25,000 bonus Qantas Points*
Up to 25,000 bonus Qantas Points. Uncapped rewards earning potential and complimentary Qantas Club Lounge invitations.
19.99% p.a. $0 p.a. annual fee for the first year ($425 p.a. thereafter) 21.49% p.a. Go to site More info
ANZ Low Rate Platinum Credit Card
ANZ Low Rate Platinum Credit Card
Platinum Card with Ongoing Low Interest Rate
Low ongoing interest rate with purchase protection and travel insurance.
13.49% p.a. 0% p.a. for 16 months $99 p.a. 21.74% p.a. Go to site More info
ANZ Frequent Flyer
ANZ Frequent Flyer
Qantas Frequent Flyer Credit Card Offer*
Receive 25,000 bonus Qantas Points when you apply by 13 January 2015.
19.99% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) 21.49% p.a. Go to site More info
Citibank Rewards Credit Card - Classic Card
Citibank Rewards Credit Card - Classic Card
Long Term Balance Transfer Offer*
Enjoy a long term balance transfer rate to help consolidate and pay down debt. Also benefit from the complimentary insurances that come with this rewards credit card.
20.99% p.a. 0% p.a. for 18 months $89 p.a. 21.74% p.a. Go to site More info
Citibank ReadyCredit
Citibank ReadyCredit
$0 Fee and Long Term Balance Transfer Offer*
If you want to get in control of your finances then the Citibank ReadyCredit is one of the options. Featuring a long term balance transfer offer with no annual fee ever.
19.49% p.a. 5.9% p.a. for 24 months $0 p.a. 19.49% p.a. Go to site More info
Bankwest Zero Platinum MasterCard
Bankwest Zero Platinum MasterCard
No Annual Fee Credit Card with Zero Foreign Transaction Fees*
$0 annual fee, plus $0 foreign transaction fees for online and overseas purchases.
17.99% p.a. 2.99% p.a. for 9 months $0 p.a. 21.99% p.a. Go to site More info

* The offers compared on this page are chosen from a range of products finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms ‘Best’ and ‘Top’ are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing products.

Credit Cards for Christmas Shopping

Your guide to the best credit cards* for Christmas shopping (as seen on A Current Affair (ACA))

Credit card spending research:

  • For 2014, an expected $27 billion is forecasted to be spent on plastic for the month of December. (December last year we spent almost $26 billion).
  • Out of the survey respondents, in 2013, 56% put at least half of their Christmas purchases on their credit cards, including 29% who put all their Christmas purchases on their cards.
  • Men were more generous in the 2013 giving season compared to women, with over a quarter (28%) spending in excess of $1,000 over Christmas. That compares to less than one in four (23%) women who spent that same amount.
  • Baby Boomers were the most prolific credit card users with over a third (34%) putting all their holiday shopping on their plastic. Gen X were the least reliant on their credit cards, with two in five (40%) putting less than 50% of their Christmas shopping on credit.
  • There’s no reason why shoppers need to rack up huge debts and pay high interest this peak shopping season. Use the table above to compare our best credit cards to save shoppers money!

No interest on purchases

  • A credit card with zero percent interest on purchases means that you can shop now and pay no interest on anything you buy during the introductory period.
  • You’ll have to make minimum monthly repayments and factor in an annual fee, but it means shoppers can enjoy Christmas now and not have to pay for any of it until later.

No currency conversion fees

Online shopping is a great opportunity to buy Christmas gifts in the comfort of your own home without having to brave the seasonal rush in stores. Unfortunately, many online retailers are situated overseas – most banks will charge Australian shoppers currency conversion fees to buy from these foreign retailers. Here are a few cards that won’t:

Top credit cards for online shopping with overseas merchants:


Currency Conversion Fee Annual Fee Purchase Rate
Bankwest Zero Platinum 0% $0 17.99% p.a.
28 Degrees Mastercard 0% $0 20.99% p.a.
Bankwest Breeze Platinum 0% $99 12.24% p.a.

‘top’ determined by cards with no currency conversion fees and then by annual fee

  • PayPal and like services will charge a currency conversion fee but this may be cheaper than your credit or debit card’s fee. Check with your bank and compare it to PayPal’s to see which option you should use at checkout.
  • Visa and MasterCard have their own PayPal alternatives called V.me and MasterPass, respectively. If you’re concerned about giving out your credit card details on the internet, these services are a secure buffer between you and your details.

Cards with high point-earning rates

As Christmas is the season Australians spend the most money, which means it represents the time of year where the most reward points can be earned. Using a high point-earning card now could mean the difference between economy and business class tickets down the track.

Top credit cards for earning reward points:

Points per dollar Annual Fee Purchase Rate
ANZ Rewards Platinum American Express Card 3.000 $149 18.79% p.a.
Commonwealth Bank Platinum Awards American Express Card 2.500 $280 20.24% p.a.
Westpac Altitude American Express Card 2.000 $100 20.24% p.a.

‘best’ determined by most points earned per dollar spent domestically and annual fee

* The credit card offers compared on this page are chosen from a range of credit cards Credit Card Finder has access to track details from and is not representative of all the products available in the market. The use of terms ‘Best’ and ‘Top’ are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Tips for Comparing Credit Cards

In Australia, the options for credit cards have grown exponentially. There are many types to choose from so it is important to look closely at all that is available to you so that you are certain you are making a choice for a credit card that best fits your needs.

The best credit card* deal is always the one that suits your own spending patterns, your disposable income amounts and your credit needs. Before you jump at that great offer for a really low rate, ask yourself if that card is right for you first.

Make a priority list. Half the battle on choosing the right card is to be informed about your options. Since the market is always changing, it’s imperative that you keep updated on the releases as much as possible.

Emergency Only

If you’re the type of person who only ever uses credit cards for emergencies, then you might find the best credit card* deal is one where there is a very low or no annual fee, along with a competitive interest rate.

Regular Repayer

If you’re the type of customer who regularly repays the outstanding credit card balance down to zero each month before the statement date, then the interest rate you’re charged won’t matter. What will matter is that you have access to interest free days so you can benefit from not paying any interest at all.

Frequent Shopper

If you use your credit card very regularly and frequently repay the balance down to zero, then you could benefit from finding the best reward program along with some interest free days. You can accrue reward points each time you spend on your card and reap the benefits.

High Debt Levels

If you tend to carry a lot of outstanding debt on your credit card, then perhaps the best credit card* deal for you would be a balance transfer card. You can benefit from reduced interest rates to help you get your debt levels back under control.

Comparing Credit Card Deals

Once you understand what kind of credit card user you are, it’s much easier to compare types of credit cards that suit your specific situation and financial needs.

There are plenty of websites online that make it very easy to compare credit card offers, so be sure you choose one that is going to be right for your needs.

It also helps to monitor the cards you are interested in the most. Only you will know what is most important to you. Ask yourself these questions. Do you want to pay down some debt? Do you want a great Rewards program? Is having a low interest rate necessary?

The list can also include such things as:

  • Your optimum introductory interest rate
  • The maximum you are willing to consider for an interest rate.
  • Your desired rate for balance transfer
  • The maximum you are willing to pay for an annual fee
  • Your desired interest rate for a cash advance
  • International surcharges – Are you willing to pay for them?
  • Extra insurances – Do you want them included or are you willing to pay extra for them?
  • Protection policies – Are they included?
  • Rewards program – Are they rewards that are of interest to you?

This list is in random order but you may want to organise them in order of importance to you.

List of Popular Australian Credit Cards

Low Rate Card – Westpac Low Rate Credit Card*

The Westpac Low Rate credit card gives you the convenience of a credit card with the benefit of a lower interest rate of 0% p.a. for 16 months on balances transfers. Plus you’ll enjoy a low ongoing rate of just 13.49% p.a. on any future purchases.

No Annual Fee Card – HSBC No Annual Fee Credit Card*

The HSBC No Annual Fee Credit Card features a $0 annual fee for life. This card is the ultimate credit card for those who want a credit card that is straightforward and has no annual fee.

Frequent Flyer Credit Card – American Express Qantas Discovery Card*

Special Offer: American Express Qantas Discovery Card offers $0 annual fee, plus earn 1.000 Qantas Point per $1 Spend. Take advantage of this great rewards credit card, with uncapped earning ability.

0% Credit Card – Citi Simplicity Card*

In the current economic climate, banks are becoming more hesitant to offer 0% p.a. for 12 months on balance transfers. Citibank are one of the few remaining banks to offer an attractive 0% p.a. for 12 months balance transfer rate, and a special rate of 0% p.a. for 12 months (reverts to 19.99% p.a.) on purchases. Transfer your credit cards, personal loan and car loan balances into one single balance you can repay off at 19.99% p.a. at Citi Simplicity Card.

Long Term Balance Transfer Card – ANZ Low Rate Credit Card *

ANZ Low Rate credit card offers 0% p.a. for 16 months on balance transfers. The card also offers a generous balance transfer period and a low purchase rate of 13.49% p.a.

Low Interest Credit Card – Bankwest Breeze MasterCard*

The Bankwest Breeze MasterCard Credit Card gives you a low interest rate of 12.24% p.a. and a low 0% p.a. for 4 months on balance transfers, with a low annual fee and generous credit limits. Bankwest has always treated their customers as a top priority and have continued to offer a great selection of products to keep their customers happy.

Velocity Rewards Credit Card – Virgin Australia Velocity Flyer Card*

Earn 1.000 Velocity Point per $1 spent up to 1,500 per month, then 0.50 Velocity Point for every $1. Buy a seat on Virgin Australia with the new Virgin Australia Velocity Flyer Card and receive 50% off, up to 4 times a year.

Rewards Program Credit Card – American Express Platinum Edge Credit Card*

Special Offer: Receive 5,000 Membership Rewards Bonus Points when you spend $500 on your Card in the first 2 months of your Card membership, Plus earn up to 1.000 Reward points on per $1 spend. Also earn a low rate balance transfer offer 0.99% p.a. for 6 months when you apply for NAB Premium Credit Card is offering a 0% p.a. on balance transfers for up to 15 months – Apply by 18 January 2015. The card also comes with travel insurance and your choice of Visa or Mastercard.

International Travel Provider/Card – HSBC Platinum Qantas Credit Card*

Get a competitive balance transfer offer of 0% p.a. for 6 months with the HSBC Platinum Qantas Credit Card and earn Qantas Points on an earn rate of 1.000 points on every dollar. You’ll also get 20,000 Qantas Points when you apply and make an eligible spend within the first 3 months.

Student and Easy Approval Card – Commonwealth Bank Low Fee Student credit card*

Generally student credit cards offer advantages such as fee waivers and lower minimum credit limits. The CBA Low Rate Student Credit Card is an example which offers a fee waiver whilst you are studying, as long as you have a linked CBA student bank account.

Last Steps

Now that your spreadsheet has been created, you are ready to now fill in all of the information and mark off the companies that provide the types of features that are most appealing to you. After you have completed these steps, you will be able to find the best Australian credit card for your needs.

Useful Hints to Help Find the Best Credit Card* Offers

Australia has an extremely competitive credit card market with all the banks wanting a piece of the pie, and they will do anything to have you as a client. This competition means good things for you, as the client, as the banks are extremely competitive an innovative offering anything that they can to persuade you to move over to their particular credit card. As great as this is, it can be confusing so, here are a few points that you can bear in mind to help you get a better understanding of what you need before you even look at the credit card options.
Before you compare any credit card or make decision, ask yourself all these questions and be sure to make note of the answers.

  • How good is your credit score?
  • How much do you earn?
  • Will you use your credit card for business or private use?
  • Do you currently own a credit card or credit cards?

If the answer is “yes” then the following questions should be answered:

  • Do you want to pay the credit card balances off as soon as possible?
  • Do you want to continue making purchases through your credit card?
  • How much credit do you currently owe the banks?
  • What interest rate is your current credit card accruing?
  • What are your credit card fees costing you annually?
  • What added benefits does your current credit card afford you?

By knowing the answers to all the above questions, you are far more empowered to make a decision and opt for the best credit card*. Knowing your current situation will afford you a great basis for comparison, and then using those comparative figures, plan what you want to accomplish. Use this information, and the best credit card* matching your particular needs and financial circumstances should be easy to find.

The Main Categories of Credit Cards

Before looking at the different credit card types in more detail, we will do a quick summary of the main credit cards categories. These are:

  1. Balance Transfer: Designed for moving from a current credit card supplier to a new one.
  2. Business Credit Cards: Designed to be used mainly for business related expenses.
  3. Reward Credit cards: Credit cards that reward you for spending
  4. Credit Card alternatives and low income / student credit cards: Cards such as debit cards that can be used instead of a credit card.

We will now further discuss sub categories or very specific credit card types, each of which is mainly a combination of one or more of the above categories. Many categories also have sub categories e.g. balance transfer credit cards can be split into short term, long term or for life balance transfer.

The Best Transfer of Balance Credit Cards

For those who have existing credit cards and especially a large amount of credit card debt owing to the banks, the best place to start is to look at a balance transfer credit card.
Balance transfer credit cards offer you massive savings on the interest rate of your current credit card debt in return for taking a new credit card. These zero to low interest rates are usually for a limited promotional period only, and usually the longer the period, the higher the interest rate charged.

Shorter vs. Longer promotional periods
Should you choose a shorter period with a lower interest rate (0% is sometimes offered) or often a little higher interest rate for a longer period?
Answer the initial questions under ‘Useful Hints’ and it will help identify your financial needs in a credit card.

  • If your credit payable is high, and you want to pay it off over a year or two, then a longer time period is definitely better for you.
  • If you know you can pay off your balance quickly, then a low interest rate with a shorter period is ideal.
  • If you do not have existing credit cards, then you do not need to choose a balance transfer credit card and should be looking at other options.

When looking at balance transfer credit cards, be sure to highlight what the interest rate will be at the end of the introductory or promotional period, as well as what purchases over and above the balance transfer will be charged at. Credit card companies are very good at highlighting the fantastic points regarding their product while hoping the unpleasant points will be over looked or forgotten.

Business Credit Cards

Having a credit card can be essential for a business as it adds a way to manage and increase cash flow, as well as simplify and consolidate transactions easily.
As the old saying goes “a penny saved is a penny earned” is quite pertinent and with a credit card, businesses can have thorough record keeping of all transactions. Things to look for in the perfect business card is one with a high enough credit limit to cover all monthly expenses, and hopefully a little more for the unexpected. With a business card fees are extremely important as they can add up to a material amount if not properly considered. Business credit cards often also have a rewards card options which are very enticing, as they can add up to considerable rewards.
A business usually has far more expenditure than an individual credit card user, and the business usually pays this money back in a very short period of time making the rewards gained virtually free. Choosing the right rewards program will also make the rewards more valuable. The service levels that the issuer offers are also very important for a business, even more so than for an individual.

Rewards Credit Cards

A great way to get the best out of a credit card is to look for one that offers rewards for owning the credit card.
Some rewards, such as insurance rewards, are automatically linked to the credit card regardless of the amount spent. Purchased based rewards, such as frequent flyer points, on the other hand, are the most common rewards programs available. For purchased based rewards it is extremely important to make sure that the outstanding balance on the credit card is settled as early as possible, or the interest payable will far outweigh the rewards gained. Let’s look at all the 7 types of rewards credit cards in more detail. These include:

  1. Cash Back Credit Cards

If used correctly, cash back rewards can be very lucrative for the right person with the right spending and repayment patterns. A great place to start when considering a cash back credit card is to know exactly what cash back reward programs generally are offered. This could include flat rate, tiered and those types linked to cash back at specific retailers. The flat rate is the easiest to calculate as each payment has the same cash back rate. Tiered payments are based on the size of each purchase or the total monthly purchases. The one that is becoming more common is retailer specific cash back rewards as they usually offer a far higher cash back percentage for the selected stores, making it look really enticing. Make sure that if you choose this option, the stores are actually stores that you regularly frequent. Cash back credit cards usually have a spending cap that is eligible for rewards, and other terms and conditions that need to be understood, to avoid disappointment. So, the perfect cash back credit card is one that has low interest and a high spending cap. Also, if you do not pay the outstanding balance in time you may forfeit the cash back rewards so always manage your credit card effectively.

  1. Credit Cards That Offer Frequent Flyer Benefits

Individuals that fly regularly, a card that offers frequent flyer benefits could be a very useful reward. Before accepting such a credit card, however, be sure to consider some of the following points.

  • Is the airline attached to the reward program one that you enjoy travelling with?
  • Does the airline travel to destinations that you would travel to?

Most frequent flyer benefits incorporate other benefits over and above flights. Therefore by taking these added rewards into account you will only enhance your choices. Once you have looked at the rewards offered and agree that they are of a great benefit to you, it is important to fully understand the terms and conditions and fine print. Often these rewards come with limitations such as number of flights, the types of flights available and expiry dates. If a card comes with bonus introductory points or a special rate, be sure that this will continue, or if it does not, continue to check if the adjusted rates will be worthwhile after the introductory specials. A very important aspect is the expiry date of miles earned as most credit cards with frequent flyer benefits do expire. Therefore, ensure the expiry date is sufficient for you to fully use the miles earned.

  1. Point Rewards Credit Cards

Credit card companies have found that less and less people are attracted by credit cards offering frequent flyer rewards. This is due to many people not seeing a huge everyday benefit to air rewards miles or points as they do not travel very much. The new trend has been a point’s based system where every dollar equals a certain number of points. These points are redeemable at online stores managed by the credit card or partner stores in varying industries. Another popular option has been to combine the points and the frequent flyer benefits, and that way increasing the choice to the client and enhancing the benefit. As these points are based on the dollar value that is spent every month, it is ideal for someone that spends large amounts every month, but pays them off very quickly. Look for rewards programs that do not have a monthly or yearly fee, and make sure the small print easily understandable. Also, the best rewards programs will not charge a sign-up fee.

  1. Travel Insurance Credit Cards

All the previous rewards credit cards discussed had purchased based rewards that were only really beneficial if you spent a considerable amount on your credit card. There are, however, rewards that are complimentary with the credit card, and not limited to how you spend the card. The most common of these is free travel insurance. For those who travel often, travel insurance could be one of the best purchases you could make, but is often overlooked. Having a travel insurance credit card will mean that you have automatic travel insurance (usually only if the ticket was purchased with the credit card). The best travel insurance is obviously the insurance with cover for death, disability and other unforeseen travel events such as lost luggage, cancelled flights etc. So, be sure to understand exactly what travel insurance you will get with your credit card. Also know exactly who is covered as some travel insurance only covers the credit card holder, whereas other travel insurance is for all immediate family travelling with the main credit card holder. The one negative about having a credit card with travel insurance, is that people take it for granted that they have sufficient travel cover. Often this is not the case as credit card companies usually add basic travel insurance, and not a comprehensive one. Therefore, be sure that you understand the implications of a worst case scenario travel event, and be sure that you are properly insured before travelling.

  1. Prestige Credit Cards

For years credit card companies have been using prestige to entice credit card holders to open an account. The original gold card was the first of such programs which was quickly adopted by all the banks, and was a huge status symbol. The problem, however, is that over the years the barriers to entry have reduced significantly, and many more people have become eligible for gold cards making them far less exclusive. This has meant that banks needed to use other rewards and incentives to keep their gold cards competitive. As gold cards were becoming less exclusive, banks started promoting platinum credit cards as the must have executive high income credit card, but even platinum cards are easier to qualify for than ever. There are other prestige credit cards that are offered by banks that try and separate them, and make them ultra exclusive, but prestige credit cards are still a big draw card with gold and platinum cards still being the most popular.

  1. Gold Credit Cards

The main selling point with gold cards is still exclusivity and prestige, even though this is far less effective than it once was. Often, gold credit cards come with personal services and exclusive benefits and rewards built-in. Gold cards, however, usually have a far higher card fee as they are only offered to higher income earners (Inflation has meant that far more people are eligible). Gold cards also usually have high credit limits due to the higher income and usually good credit record of the card holder. The rewards for card loyalty that is linked to gold cards include a combination of the previously discussed rewards programs. So, for anyone in the correct income band with a good credit record, a gold card may be the best credit card* for you. Do not, however, take it for granted as there may be other less prestigious credit cards that offer better benefits.

  1. Platinum Credit Cards

Platinum credit cards are very similar to Gold credit cards, with the same rules applying high income and a good credit record. The primary difference is that Platinum cards are designed to be even more exclusive, and therefore the income limits are usually far higher and offer greater rewards on purchases. These increased rewards and increased exclusivity do come at a higher annual fee, and therefore all the terms and conditions should be thoroughly scrutinised.

Credit Cards That Offer Added Services or Lower Fees as an Incentive

Credit card issuers have used fee reduction as an incentive to attract new clients. Although this looks great, it often comes at the cost of one of the other benefits. The fee reductions are either for the annual card fee or often a reduction on the interest rate. Another incentive that is becoming popular is instant approval credit cards which appeals to the instant gratification need of modern society. It is important to note though that with advances in modern technology, most credit cards offer approval within a very short time. Let us look at the 3 credit card options in more detail.

  1. Low Interest Credit Cards

Having a credit card with a low interest rate should be the ultimate goal of any credit card holder. Low interest credit cards are very popular because the benefit is long lasting and immediate. The best credit cards* that offer a low interest benefit will offer balance transfers, cash advances, have low annual fees and charges. The interest rate, however, should not be subject to time constraints or special conditions because often this hides the true interest rate. Although many credit cards will make a big deal about 0% interest or extremely low single figure interest, this is usually only limited to a short time. This short term does allow for a great opportunity to pay off your credit card quickly and cheaply. With the limited promotional period, keeping track of the subsequent interest rate and the impact it will have is very important. Cards with an ongoing low interest are the best for long-term planning, and even though the interest rate is higher than the short term, special rate cards it is worth have and provide peace of mind for an extended period.

  1. Zero Annual Fee Credit cards

If you are looking for a credit card that is not used regularly, but only kept for emergencies, a no annual free credit card is perfect. It is also ideal for those who use their credit cards as a debit card by paying their monthly balance in full, and do not want the other rewards or extra features. The fact that there is no annual fee will usually mean that the credit card has very few benefits other than the basics, and can have higher interest. Also, the terms and conditions can be a little sneaky and should be understood in full before deciding that a no annual fee credit card is perfect for you.

  1. Instant Approval Credit Cards

This is the fastest way for you to get a decision on your application as answers are usually given within a minute of properly completing the application form. These credit cards are based on factors such as credit score and income, and are usually for lower balance credit cards. It is important to compare approval times to your average credit card to see if this benefit is really offering anything superior. Many credit cards have a very short approval time that is often in the same day or within 24 hours, which makes an instant credit card really not that great of a benefit but is an option that is available. Most of the other credit card types such as Gold, Platinum, rewards cards etc. are offering instant approvals.

Platinum Credit Card with Balance Transfer Offer

If your financial circumstances have changed since you first applied for your credit card you may be eligible for a platinum credit card now. If you currently have an outstanding debt on your card you could transfer the balance across to a platinum card and enjoy access to a lower rate of interest and a increased benefits. Cards such as the NAB Premium Card feature a 0% p.a. for 15 month offer.

Compare more platinum credit card

Low Income Credit Cards and Credit Card Alternatives

Many individuals are looking for the same cashless payment system as a credit card offers without the worry of getting in to debt. Alternatively, there are those who would like a credit card in order to obtain a credit history and get a credit score, but don’t have a high income or are studying. If you fall into any of these categories there definitely are options available to meet these needs. Your two choices are:

  1. Low Income and Student Credit Cards

For those studying or those who do not earn a high income, student credit cards and low income credit cards are available. For a student and a low income employee, a credit card can be a great benefit not only to better manage finances and consolidate payments, but also to create a credit history. A credit history will be very valuable later on in life when looking for car or home finance, and can save you large a mounts of extra income. Low income / Student credit cards offering a small minimum balance require far acceptance criteria than standard credit cards. Finding a low interest income credit card with a zero annual fee would be a clear advantage, but also look out for high interest rates as a student or low income earner offer a higher risk to the bank. Manage this first credit card wisely, make payments on time, and never use the entire credit balance as this will be give your credit score a great kick start.

  1. Debit Cards

For those only looking for the convenience of payment that is offered by a credit card, and are not looking to get into debt, a debit card or prepaid card may be the perfect solution. With online Internet payments and the worldwide acceptance of credit cards, it is understandable that many people do not want credit, but want a credit card. Debit cards and prepaid credit cards are a great way to get this and only spend your own money. Debit cards will usually have higher fees as the bank does not make any money on interest, but other than that can be used identically. It is advisable to have your debit card attached to a transaction or savings account as you are enable to access features such as online and telephonic banking.

In Conclusion – What Is The Best Credit Card*?

The best credit card* for your personal situation is out there, and with a little bit of research and planning, you will find it. The most important thing to remember is to read and understand exactly what you are getting, and if you do, you should never go wrong.

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Ask a Question

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134 Responses to Best Credit Cards

  1. Default Gravatar
    Denise | December 14, 2014

    can I apply for a credit card if I am on centrelink

    • Staff
      Elizabeth | December 15, 2014

      Hi Denise,

      Thanks for your question.

      People receiving centrelink are able to apply for credit cards. You might want to start your search here and check the eligibility requirements on the bottom of the review paes to see if centrelink payments are an acceptable form of income.

      I hope this has helped.

      Thanks,

      Elizabeth

  2. Default Gravatar
    tiff | December 8, 2014

    i am planning to buy a new car and need 10G, I would like to take advantage of using a credit to do so. which credit card should I choose? should i choose interest free one or balance transfer free one?

    • Staff
      Elizabeth | December 9, 2014

      Hi Tiff,

      Thanks for your question.

      A 0% purchase card (interest free) may be your better option as it would allow you to make your purchase and not pay interest on it for an extended amount of time. A balance transfer credit card is primarily used for when you have an existing credit card debt and you wish to transfer that debt balance over to make interest-free repayments.

      You can compare 0% purchase credit cards on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

  3. Default Gravatar
    Moria | December 7, 2014

    Is there a credit card with a 12 month interest free term you can apply for? We don’t have a credot card at the moment

    • Staff
      Elizabeth | December 8, 2014

      Hi Moria,

      Thanks for your question.

      You can compare a range of credit cards that have 0% purchase rate offers on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

  4. Default Gravatar
    Michellerina | December 7, 2014

    Hi,

    I am a university student that is planning to go overseas for an internship and I cannot afford at the moment to pay for everything up front. I am looking for a credit card that would best suit my current situation. As a student, I am financially disadvantaged so I require a card with minimum interest rates or other associated fees. I am looking to only purchase my return flight tickets ($2,500) and the program fee ($1,500) on the credit card. Can you please recommend to me what my best option would me?

    Kind regards,
    Michelle

    • Staff
      Elizabeth | December 8, 2014

      Hi Michellerina,

      Thanks for your question.

      You can compare a range of student credit cards on this page, and you also might want to take a look at some low income credit cards which you can find on this page.

      You can check the eligibility criteria of the cards by clicking through to the review pages (just click ‘more’ on the comparison tables).

      I hope this has helped.

      Thanks,

      Elizabeth

  5. Default Gravatar
    Lisa | December 2, 2014

    Is there any credit card that is just a simple card that can be used for day to day basics? and i have had a few application hits on my credit file is there any bank that might overlook that during a credit card application?

    • Staff
      Elizabeth | December 3, 2014

      Hi Lisa,

      Thanks for your question.

      The most ‘basic’ kinds of cards may be a low interest rate or no annual fee credit card. These cards are lower cost but still give you access to the features that other credit cards offer.

      Banks and card provider use a variety of criteria to determine your eligibility for a card, and when considering cards you’ve previously applied for they are likely to look at how recently you’ve applied and for how many different cards. There’s no easy answer, but calling up the card provider and discussing your eligibility before you apply might be an option to consider.

      I hope this has helped.

      Thanks,

      Elizabetj

  6. Default Gravatar
    John | November 29, 2014

    I have a large payment( $600k) to make to Aust. Tax. Office. is there a card I can use to get Qantas Points that is worthwhile.

    • Staff
      Elizabeth | December 1, 2014

      Hi John,

      Thanks for your question.

      Some American Express cards let you earn points for ATO payments, and you can then transfer your Membership Rewards points to the Qantas program. You can find out more about it on this page. Some things to keep in mind are the maximum amount of points you’d be able to earn in a statement period, and also the earn rate on the card compared to the rate you’d have to pay. Also, you’d have to be approved for a card with quite a high credit limit.

      I hope this has helped.

      Thanks,

      Elizabeth

  7. Default Gravatar
    John | November 28, 2014

    as a old age pensioner, monthly income $2,500
    can I apply to change current credit card to your offer of 16 months free of interest?

    • Staff
      Elizabeth | December 1, 2014

      Hi John,

      Thanks for your question.

      The minimum income required for this card is $15,000, so you meet the minimum income requirements. If you have a good credit rating and are an Australian resident you will be able to apply.

      I hope this has helped.

      Thanks,

      Elizabeth

    • Default Gravatar
      John | December 1, 2014

      thank you for your reply
      how do I make application?

    • Staff
      Elizabeth | December 2, 2014

      Hi John,

      No worries. Once you have found a card you want to apply for, simply click the ‘go to site’ button to start your application.

      Thanks,

      Elizabeth

  8. Default Gravatar
    Reza | November 26, 2014

    I am heading to Dubai and I need to have a reasonable credit card to buy with Aus$ with no or least transaction rate and annual fee. can you please advise me in this regard.
    Many thanks,

    • Staff
      Elizabeth | November 27, 2014

      Hi Reza,

      Thanks for your question.

      You can compare no annual fee cards with no international transaction fees on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

  9. Default Gravatar
    vaidyaraman | November 24, 2014

    I just need a senior sb debit card only.with nil fess for deposit & withdrawal.

    • Staff
      Elizabeth | November 24, 2014

      Hi vaidyaraman,

      Thanks for your question.

      You can compare a range of debit cards on this page. The fees are displayed in the table, and you can click ‘more’ to learn more about the account or ‘go to site’ to apply. Most of these accounts require you to be over the age of 18 and a permanent Australian resident in order to be eligible, and just to submit basic documents to apply.

      I hope this has helped.

      Thanks,

      Elizabeth

  10. Default Gravatar
    jason | November 23, 2014

    hi I want to get a loan but not sure to get a credit card or a personal loan,thanks

    • Staff
      Elizabeth | November 24, 2014

      Hi Jason,

      Thanks for your question.

      There really isn’t an easy answer to this question, as it depends on what you need the loan for, your financial situation and your needs for this money. You might want to take a look at this page to help you understand the benefits of credit cards and personal loans, and to help you decide which is the better option for you.

      I hope this has helped.

      Thanks,

      Elizabeth

  11. Default Gravatar
    Peter | November 18, 2014

    I want a credit card with no annual fee and no international transaction fees (ATM & cash advance fee excepted).
    Interest rate does not bother me.

    • Staff
      Elizabeth | November 19, 2014

      Hi Peter,

      Thanks for your question.

      You can compare a range of credit cards with no foreign exchange fees and no annual fees on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

  12. Default Gravatar
    mark | October 20, 2014

    hi is paying a bill considered a purchase

    • Staff
      Elizabeth | October 21, 2014

      Hi Mark,

      Thanks for your question.

      Generally no, but this really depends on the context of your question and the card provider. Would you mind being a bit more specific?

      Thanks,

      Elizabeth

  13. Default Gravatar
    Chrissy | October 17, 2014

    Hi am just wondering if I need to be an account holder to get a credit card, I have a joint account with my partner but wish to get a credit card of my own

    • Staff
      Elizabeth | October 17, 2014

      Hi Chrissy,

      Thanks for your question.

      This won’t be a problem as card providers generally just require evidence of a regular income (that’s sufficient to meet their minimum requirement) and a clean credit history to approve a credit card.

      I hope this has helped.

      Thanks,

      Elizabeth

  14. Default Gravatar
    Chris | October 4, 2014

    Hi, I have a current credit card with woolworths, its a Qantas everyday rewards card, which will be changing this month to Macquarie Bank, not sure if I like that, however it could be a good time to change, I would prefer to have a card that rewards me with Qantas points and will allow me into the Qantas lounges domestic, I fly frequently, I used to belong to Qantas club , however find that it has got expensive, your suggestions please.

    • Staff
      Elizabeth | October 7, 2014

      Hi Chris,

      Thanks for this question.

      You can have a read of this page to learn more about the credit cards that allow you to earn Qantas Points, and this page will show you some cards that offer you free Qantas Lounge access.

      I hope this has helped.

      Thanks,

      Elizabeth

  15. Default Gravatar
    andrew | September 25, 2014

    Good day,
    I have applied for a credit card with commonwealth as they are who i have banked with for 20 years.
    i am having trouble because i need it purely for my business which i started 2 years ago, like any new business it was slow at first.
    so they need to see my last two tax returns but the first one was a nil tax return as id just started and didn’t really make any money and my latest tax return is not getting done until march but it probably would not be very big either but now for the last 6 months business is booming and going through the roof, making a lot of money but i need a credit card to pay for materials as i usually don’t get paid on orders for 30 days. is there any credit card provider that can help me out without the last 2 tax returns?
    thank you

    • Staff
      Shirley | September 26, 2014

      Hi Andrew,

      Thanks for your question.

      Unfortunately most credit card providers will ask for about two years of tax returns. However, given your situation, you may want to apply for a credit card through a branch, so you can show them evidence of your recent increased cash flow.

      If you’d like, you can compare business credit cards here.

      Cheers,
      Shirley

  16. Default Gravatar
    Glenda | September 24, 2014

    HI – I’m not really sure what the term “balance transfer” refers to – can you explain please. Thanks.

    • Staff
      Shirley | September 26, 2014

      Hi Glenda,

      Thanks for your question.

      Please see this page on ‘what is a balance transfer’ – there’s also a video that explains the process pretty well.

      Cheers,
      Shirley

  17. Default Gravatar
    Alan | September 4, 2014

    We use Coles and Shell because of frequent flyer points (converted to cash at Coles. Is our VISA Frequent Flyer credit card good value?

    • Staff
      Shirley | September 5, 2014

      Hi Alan,

      Thanks for your question.

      Would you be able to let me know which card specifically that you hold with Visa? Whether a card has good value is subjective. It depends on the type of rewards that you can redeem for, and whether those rewards have value for you.

      For more information, please see this page.

      Cheers,
      Shirley

  18. Default Gravatar
    Dianne | August 17, 2014

    Hi What is the minimum repayment percentage on the ANZ Low Rate platinum card?

    • Staff
      Shirley | August 18, 2014

      Hi Dianne,

      Thanks for your question.

      On the ANZ website it states that, “Each month, you are generally required to pay, by the Due Date shown on the relevant statement of account, either (a) 2% of the monthly ‘Closing Balance’ shown on the statement (or, if the ‘Closing Balance’ less any overdue amounts exceeds the credit limit, 2% of the credit limit), rounded up to the nearest dollar; or (b) if that amount is less than $25 – the lesser of $25 and the full ‘Closing Balance’, plus in either case any ‘Immediately Payable’ amount shown on the statement.”

      All the best,
      Shirley

  19. Default Gravatar
    Nicole | August 15, 2014

    I have a balance of $2500.00 from an ANZ credit card that I want to transfer the balance

    • Staff
      Shirley | August 18, 2014

      Hi Nicole,

      Thanks for your question.

      Please compare balance transfer cards on this page to see your options.

      Cheers,
      Shirley

  20. Default Gravatar
    kkkkk | August 14, 2014

    how come they decline you for a credit card if you move frequently like they don’t even ask for a reason -_- not my fault the owners decide to sell their property all the time…. some one please enlighten me lol

    • Staff
      Shirley | August 15, 2014

      Hi kkkkk,

      Thanks for your question.

      Unfortunately this topic is the classic ‘Catch 22’ of the credit card world. The banks won’t tell you why your application has been denied and with each rejection your chances of getting approved down the track take a beating.

      It could be that lenders consider frequent moving as a bit risky in terms of your finances.

      If you want to have a general discussion about your application, please call the relevant credit card provider.

      Cheers,
      Shirley

  21. Default Gravatar
    TIMS | August 12, 2014

    I have two credit cards I want to combine them so that I pay one amount a month and get rid of the debt owing I do not use them hardly ever.

    What is the best option for me.

    • Staff
      Shirley | August 13, 2014

      Hi Tims,

      You may want to consider a balance transfer. There are number of considerations you should take into account before applying for one though.

      Please let us know if you have anymore questions about the process.

      Cheers,
      Shirley

  22. Default Gravatar
    Ramon | July 25, 2014

    Are all of the cards listed above genuinely “X Days interest free”? The Bank of Melbourne Amplify card says “Up to 55 interest free days”, but only when you “pay the closing balance in full by the statement due date”.
    It is actually 0-55 days interest free.
    Is this the case with all cards or do some genuinely give you an interest free period before starting to charge interest on purchases?

    • Staff
      Shirley | July 28, 2014

      Hi Ramon,

      Thanks for your question.

      Generally cards will allow up to X days free, rather than just X days free.

      There are 0% purchase cards give you an interest free period for an introductory period, sometimes up to 12 months.

      Cheers,
      Shirley

  23. Default Gravatar
    Allen | July 22, 2014

    I applied for a Westpac Platinum Visa Card through this site about four weeks ago, but have heard nothing. What’s happening?

    • Staff
      Shirley | July 23, 2014

      Hi Allen,

      Thanks for your question.

      Unfortunately you’ve come through to creditcardfinder.com.au, an online comparison service. We don’t handle any personal information or applications for Westpac

      Please speak to the customer service team at Westpac regarding your enquiry. Application times vary from case to case.

      Cheers,
      Shirley

  24. Default Gravatar
    Bruce | July 22, 2014

    If I transfer a card with $6,000 debt can I get a card with $10,000 credit and is this dependant on the annual income?

    • Staff
      Shirley | July 23, 2014

      Hi Bruce,

      Thanks for your question.

      Generally your credit limit is determined upon income and your creditworthiness.

      However, each bank has a different lending criteria and other factors could be considered.

      Cheers,
      Shirley

  25. Default Gravatar
    kelly | July 15, 2014

    Which cared has the best rewards and the lowest annual fee?

    • Staff
      Shirley | July 15, 2014

      Hi Kelly,

      Thanks for your question.

      The card that has the best rewards for you depends on your personal and financial situation. There are frequent flyer cards, general reward cards and supermarket cards that you’ll need to consider. Once you’ve picked the rewards system that is best for you, you can then compare the annual fees using our tables.

      Cheers,
      Shirley

  26. Default Gravatar
    bruce | July 6, 2014

    Credit cards for discharged bankrupts?

    • Staff
      Shirley | July 7, 2014

      Hi Bruce,

      Thanks for your question.

      These kind of applications are handled on a case by case basis – you may want to contact a few credit card providers first without making any formal applications to discuss your eligibility.

      Cheers,
      Shirley

    • Default Gravatar
      Chris | July 11, 2014

      I have 2 Westpac credit cards , both closed from collections which I was not aware over this , and still paying off with interest fees, so can this both cards to ditch to other balance transfers to help reduce debt free interest for while ,the better for myself ?

    • Staff
      Shirley | July 14, 2014

      Hi Chris,

      Thanks for your question.

      You may be able to apply for a BT, though the success of your application cannot be guaranteed. To maximise the chances of your success, please read the eligibility criteria and fine print for the card, and this article can help you through the process.

      Please let us know if you have anymore questions.

      Cheers,
      Shirley

  27. Default Gravatar
    john | June 20, 2014

    i am currently in a low interest long term 0% credit card transfer arrangement in which i will endeavour to pay off as much of the balance within that time period. my question is at the conclusion of the free interest period if i still have a substantial balance can i look to find another bank again for a free interest long term offer to give me more time to pay off the debt and avoid the reverted higher interest of the current arrangement?or Would i be struck with high penalties by the current bank or new bank?

    • Staff
      Shirley | June 23, 2014

      Hi John,

      Thanks for your question.

      You can apply for a balance transfer with another credit card after this period, but the success of your application is not guaranteed.

      Remember to always check the eligibility requirements; and that you’ve considered everything on this page.

      There’s no fee for cancelling your credit card with your current bank, but you’ll need to make sure there is no balance outstanding. A balance transfer fee may apply to your new bank, but this will be stated in the terms and conditions.

      Cheers,
      Shirley

  28. Default Gravatar
    dee | May 28, 2014

    Can a person on unemployment benefits get approved for a credit card?

    • Staff
      Shirley | May 28, 2014

      Hi Dee,

      Thanks for your question.

      Some credit card providers accept some types of Centrelink benefits as genuine income; it’s probably best to speak to a few providers first without making any formal applications to enquire about your eligibility.

      Cheers,
      Shirley

  29. Default Gravatar
    Padraig | May 20, 2014

    Hi there

    I plan to head over seas for 2+ years, i hopefully wont need much credit but like the idea of having it there in case. What is the best credit card option for my situation. 2+ years abroad

    Thank you for your help, really appreciate it.

    • Staff
      Shirley | May 22, 2014

      Hi Padraig,

      Thanks for your question.

      Please see our guide on credit cards to use overseas.

      Alternatively, you can have a look at our travel money guide which has specific location articles to help you with your decision.

      Cheers,
      Shirley

    • Default Gravatar
      Jim | June 25, 2014

      Hi I am travelling overseas in 4 weeks and needing a credit card with low cash advance interest charges and the ability to withdrawal money from a ATM overseas using the banks money ?
      regarding cash advance do you have 55 days to pay back the cash advance before the interest is accumulate ??

    • Staff
      Shirley | June 27, 2014

      Hi Jim,

      Thanks for your question.

      The interest rate on cash advance applies the moment you withdraw cash. Typically there is a cash advance fee charged as well.

      You can compare low cash advance rate cards on this page.

      Cheers,
      Shirley

  30. Default Gravatar
    Patricia | April 17, 2014

    Where do I get a dog photo on my credit card.

  31. Default Gravatar
    SD | April 16, 2014

    Hi there,
    I am a QANTAS frequent flyer member, is there anything stopping me signing up for a card, getting the free bonus points, paying the card off and any fees, then cancelling it (just to get bonus QFF points)?

    • Staff
      Shirley | April 17, 2014

      Hi SD,

      Thanks for your question.

      These bonus offers usually cannot be combined with other offers such as packages, promotions or when you close an existing credit card from the same provider. The link I’ve provided gives a lot more information about bonus points and credit cards.

      It’s always best to read the terms and conditions before you apply, and please be mindful that many credit card applications on your credit history could affect your applications in the future.

      Cheers,
      SHirley

  32. Default Gravatar
    Tom | April 10, 2014

    Hi if you transfer a balance of a credit card from Credit Card 1 to Credit Card 2, can you then transfer again from Credit Card 2 to Credit Card 3 when you are nearing the end of the interest free period?
    Thanks,
    Tom

  33. Default Gravatar
    Dion | April 3, 2014

    I know what P.a Means but does that mean you have to pay the interest no matter what or if you pay your monthly statement on time then it doesn’t get charged? sorry I’ve never had a credit card before so just wondering…

    • Staff
      Jacob | April 3, 2014

      Hi, Dion.

      Interest is calculated yearly but charged monthly. If you clear your balance each month when your credit card statement arrives, and you don’t use the card for a cash advance (withdrawing money from an ATM for instance), you won’t be charged interest. Purchases have up to 55 days (sometimes more and sometimes less depending on the card provider) interest free whereas interest is charged on cash advances from the day the transaction takes place. If you use the card and pay the balance back immediately, you can avoid paying interest.

      Thanks for your question.

  34. Default Gravatar
    gemgem89 | April 2, 2014

    Hi, I am looking for a credit card to use mainly overseas so would like to know which cards offer the best rates for Foreign Currency Conversion Fee?
    Thanks.

  35. Default Gravatar
    gwenn | March 23, 2014

    Hi. I am looking for a credit card to be able to redeem points on any frequent flyer program or Royal Orchid Plus frequent flyer programme. What card allows for that?

  36. Default Gravatar
    Peter | March 20, 2014

    So, which is the best credit card for rewards?

    • Staff
      Jacob | March 20, 2014

      Hi, Peter.

      Thanks for getting in touch with us.

      The best credit card for you will depend on your personal circumstances. We make it easy for you to compare credit cards on our site.

      Please have a look at our rewards credit card comparison page. These cards can be classified as direct earn products (the cards that allow you to ear frequent flyer points when you spend) and rewards cards (cards that are linked to a bank or lender’s own rewards program).

      You can transfer your bank rewards to a frequent flyer program, but there is a conversion rate. You can find out more about transferring frequent flyer points on this page.

      If you have a look at the main comparison table, you can click the table headings to arrange the cards by things like their interest rate and annual fee. You can also click the check boxes to the left of the card name (and then click compare) for a side by side comparison of multiple cards. If you would like more information on a particular product, you can click the card name to be directed to the review and application page.

      I hope this helps. Please let us know if you have any more questions.

  37. Default Gravatar
    Jason | February 27, 2014

    I was told you might be able to tell me my credit rating please

  38. Default Gravatar
    ben | February 10, 2014

    i have applied for the american express card last week herd nothing what do i do?

    • Staff
      Marc | February 11, 2014

      Hi Ben,
      thanks for the comment.

      Credit card applications can take time for a number of reasons, so I recommend calling American Express to see the status of your application.

      Cheers,
      Marc.

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    chad | January 13, 2014

    Hello, I am looking for a credit card to use with my business. I don’t want to spend a lot on fees every year as i don’t fly that often (i hate flying). I would give the flights to my girlfriend if that is possible but I’m looking for a card that offers better rewards (other than flights). I currently spend between 10 and 20 thousand monthly through my business. Any recommendations would be appreciated.

    • Staff
      Jacob | January 14, 2014

      Hi, Chad.

      Thanks for your question.

      Please have a look at our business credit card comparison page. This page compares cards business can apply for. You can click the table headings to arrange the cards, you can also click the check boxes in the comparison table (and then click compare) for a side by side comparison of multiple cards. You can click on the card name to be directed towards a review and application page.

      I hope this helps.

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    Evette | January 6, 2014

    Can you tell me about the GE credit card. I want to know about the annual fee and the transfer fee etc.

    • Staff
      Jacob | January 6, 2014

      Hi, Evette.

      Thanks for your question.

      You can find out more about the credit cards offered by GE Money on this page. You can use the table headings to arrange the cards by things like their fee and balance transfer rate and you can click the check boxes in the table, and then click compare, for a side by side comparison of cards.
      You can also click on the card name to be taken to the review and application page. The review page lists information about the applicable fees and charges, lists the pros and cons of the product and provides information about frequently asked questions.

      I hope this helps.

  41. Default Gravatar
    paul | November 21, 2013

    Hi. I am after a credit card that I can use for purchasing goods and services (only) can you advise what would be the best deals I should be looking at? Cheers.

    • Staff
      Jacob | November 21, 2013

      Hi Paul.

      Thanks for your question.

      If you’re looking at getting a credit card and using it just for purchases, you may want to consider a low rate credit card. These cards have a low annual fee and have some of the lowest ongoing annual percentage rates on purchases among the different cards in the market.

      I hope this helps.

  42. Default Gravatar
    anthony | November 13, 2013

    What credit card gets the most points per dollar and which has the highest maximum amount of points?

    • Staff
      Jacob | November 14, 2013

      Hi Anthony.

      Thanks for your question.

      You can compare rewards credit cards on this page. When you’re on this page, you can click the table headings to arrange the cards form highest to lowest points earning ratio and vice versa. You can find out whether the card has a cap on the number of points you can earn in a period by clicking through to the card’s review. Some of the cards do have caps so it’s important to read on about the features and benefits of the card before applying.

      I hope this helps.

  43. Default Gravatar
    Andrew | November 6, 2013

    Hi there,

    I am looking for a credit card that will earn me rewards points including flying with Air New Zealand. Are there any credit cards set up in Australia linked to this airline?

    Thanks for your help.

    Andrew

    • Staff
      Jacob | November 7, 2013

      Hi, Andrew.

      Thanks for your question.

      There are currently no credit cards that allow you to earn Air New Zealand Airpoints directly. However, you can transfer American Express Membership Rewards Points and ANZ Rewards Points to the Air New Zealand Airpoints Frequent Flyer program. You can find American Express and ANZ Rewards credit cards on our rewards comparison page.

      I hope this helps.

  44. Default Gravatar
    Dave | October 26, 2013

    Hey. I’m going to Brazil for the soccer world cup next year. I have a few trip related bills I need to pay by December, totalling about $5000. in flights and accommodation. That’s pretty much all I want to use my credit card for. Do you have any suggestions as to which card would be good?

    • Staff
      Jacob | October 28, 2013

      Hi Dave.

      Thanks for your question.

      If you’re looking to pay for some travel related expenses prior to leaving there are a couple of options for you.

      The first option is to go for a card with a low interest rate of an introductory purchase rate. You can compare these types of cards on this page.

      Have a look for the cards that offer complimentary international travel insurance as well as a purchase rate introductory promotion. This means you can pay for your flights and accommodation on your card to get complimentary international travel insurance and you can save on interest costs too.

      You may want to consider a balance transfer to another credit card when you get back home to cut back on interest charges.

      I hope this helps.

  45. Default Gravatar
    peter | October 24, 2013

    I am an ex-pat who works in New Guinea, I fly home to Australia every month. Can I get a credit card?

    • Staff
      Jacob | October 24, 2013

      Hi Peter.

      Thanks for your question.

      These cards are available to permanent Australian residents and people who are visiting Australia on a long stay visa only. If you have a permanent Australian address and you’re getting paid in Australian dollars into an Australian bank account, you should be able to apply.

      I hope this helps.

  46. Default Gravatar
    sean | September 17, 2013

    I am a user that spends approx. $5000 per month

    I have 1 card with a low priced airline name ” J ” $2000 limit for internet transaction peace of mind if I get hacked I am only exposed to possible $1000 – has Q frequent flyer points linked

    a second card with my W bank for regular expenses like monthly insurance payments etc $1500 per month — $4000 limit —no rewards

    my 3rd card with ” A john s ” limit $5000 spend on household expenses $2000 p/m — no rewards

    all my cards I pay the out standing amount every month 98% of the time several days before the due date

    What is the best card for me — or the way I have my finances structured the best way to go

    • Staff
      Jacob | September 17, 2013

      Hi Sean.

      You will have to make the decision about the best card for you.

      If you pay all your balances in full, then interest on purchases won’t be an issue as you’ll receive interest free days. It’s really only the annual fee you have to worry about. Have a look at our frequent flyer comparison page and let me know if you have a specific question about any of the cards.

      Thanks.

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    steve | September 5, 2013

    G’day. At the moment I have a Qantas Frequent Flyer NAB Platinum Card. I want to really cut down on purchases, annual fees & not interested in flight offers, hotel accommodation, etc. except for points to the dollar spend. Which card would you recommend that is suitable for me. Please provide at least two. Thanks.

    • Staff
      Jacob | September 5, 2013

      Hi Steve.

      Check this page for a comparison of credit cards that reward you spending with frequent flyer points. You can click the table headings to arrange the cards from highest to lowest and vice versa when it comes to earn rates, annual fees and rates of interest. If you would like to compare two cards directly from the comparison table, please use the check boxes to the left of the card name, then click compare.

      I hope this helps.

      Jacob.

    • Default Gravatar
      steve | September 5, 2013

      Thanks Jacob – I was being lazy hoping that you would do my homework for me.

    • Staff
      Jacob | September 5, 2013

      Hey Steve.

      No worries.

      Please get in touch with us if you would like to discuss anything further.

      Jacob.

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    Suzanne | August 20, 2013

    Can you advise if there are any credit card suppliers who are willing to extend credit to funded pensioners with no liabilities and good credit ratings. I’ve made two applications now and have been dismissed after the 60 minute wait. Can only put it down to being over 65!
    Suzanne.

    • Staff
      Jacob | August 20, 2013

      Hi Suzanne.

      There is no policy among lending institutions that says they will not lend to people over a certain age. Have you had a look at a copy of your credit file recently? You can find information on how to order a free copy on this page.

      If you’re looking for some general information on the top reasons why credit card application get rejected, please have a look at the article I wrote last year after my own Bankwest credit card application was knocked back.

      If you have been declined two recently in recent history, it may be worth starting a discussion with a lender about your rejected application. They may be able to offer information that may help you get your application improved in the future.

      Thanks for your question.

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    Philip | August 12, 2013

    I don’t know much about how credit cards work, but I need a credit card that has at least a $50,000.00 limit that I can transfer funds onto from another country legally. Do you have any suggestions for me? Thank you, Phil.

    • Staff
      Jacob | August 13, 2013

      Hi Philip.

      When you apply for a credit card, your credit limit will be based on the financial information you provide to the lender when you apply for the card. So many cards will allow you to have a credit limit of $50,000, you just have to have the finances to service a credit limit of that size.

      If you’re looking to transfer a balance from another country to an account in Australia, you may want to consider a different type of account. The Citibank Plus Transaction Account, for instance, allows fee free international transfers.

      Thanks for your question.

  50. Default Gravatar
    brad | August 8, 2013

    Hello,

    I am looking for a credit card purely for 2 reasons. To establish a credit history and to gain any benefits that may come with using one, e.g reward points. I don’t want to spend money on an annual fee and i will always pay it off before i incur any fees. What would you suggest?

    Thanks

  51. Default Gravatar
    Frank | June 19, 2013

    What is a balance transfer?

    • Staff
      Jacob | June 19, 2013

      Hi Frank. thanks for your question. Please watch this video from Fred on the basics of balance transfers. A balance transfer is benefit offered to people who have credit card debt and are looking to change card provider. If you go over to another card provider, they will buy your credit card debt from your old provider and offer you a low interest rate and set term to pay the debt back. Jacob.

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    Serg | June 13, 2013

    I’m looking for a 0% balance transfer card with low or no annual fee and with Qantas Points?

    • Staff
      Jacob | June 13, 2013

      Hi Serg. Thanks for your question. It’s vary rare that you get something for nothing, and this saying is especially true with the ability to earn frequent flyer points on your card and paying an annual fee. There are two cards that we currently compare that offer no annual fee the ability to earn points and both are offered by American Express. Unfortunately American Express do not allow balance transfers to their cards. You can compare balance transfer credit cards here. Jacob.

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    Ashley | June 1, 2013

    Hi,

    I’m looking for a travel credit card suitable for taking with me around Asia, and potentially to the Americas as well.
    I’d like something secure with good international support, as well as low fees and a decent international exchange rate.

    Thanks.

    • Staff
      Jacob | June 1, 2013

      HI Ashley. Thanks for your question. Have a look at this page. It compares credit cards with no currency conversion fee, travel cards and international debit accounts. The exchange rate is set by the card scheme (Visa etc.) and the card provider. They take their rates from the interbank rate (the figure you hear quoted on the evening news) and apply a margin to it. Jacob.

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    David | May 30, 2013

    I’m new to Australia and want to find the most suitable credit card where I can earn points for hotel nights stay. I’m not interested in earning frequent flyer points for air travel although I can see that some cards seem to be linked to either flights or accommodation. The comparison table is full of information but it’s not clear which card would be a recommendation just for hotel accommodation. Which cards would you recommend that best suits my needs?
    Many Thanks – David.

    • Staff
      Jacob | May 31, 2013

      Hi David. Interesting questions. Firstly, there are the Westpac Black Credit Cards which have status privileges when you stay in specific hotels – benefits include things like fast track upgrades etc. Other than that, there are a range of rewards cards that let you earn points when you make an eligible purchase, and paying for accommodation at a hotel is indeed an eligible purchase. These rewards cards can either be a direct earn frequent flyer product or they can be linked to lender’s own rewards program. These rewards programs let you redeem your points for rewards other than flights – which may be of interest to you. ANZ Rewards, for instance, allows you to use your ANZ Rewards to pay for hotel accommodation. These rewards programs have comparable redemption options so make sure you compare your options to find the card and rewards program that’s right for you. Hope this has helped. Let us know if you need more information. Jacob.

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    Jennifer | May 14, 2013

    Would like to know more about Balance Transfer fees.

    • Staff
      Jacob | May 14, 2013

      Hi Jennifer. Thanks for your question. There are currently no balance transfer fees for new customers who are opening an account and transferring a balance. All you will pay is the promotional rate of interest and annual fee (if applicable). Jacob.

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    Lee | May 12, 2013

    Hi there,

    I am going to Malaysia for work. I will be there for at least 12 months.

    What type of credit card would you recommend. I will be using the card for most purchases, and travelling frequently between Singapore and Malaysia. I also plan to travel frequently around Asia.

    Is it best to have a credit card from Australia, or get a card from Malaysia? I don’t want to be paying fees for using the card overseas.

    Thanks
    Lee

    • Staff
      Jacob | May 12, 2013

      Hi Lee. Thanks for your question. There will be fees when you access your money overseas, but check this page for information on travel friendly options. I’m not sure about how Malaysian credit cards work, but if you’re getting paid in the local currency and paying tax, you may able to get a card. Are you getting paid into a Malaysian account or an Australian account? Jacob.

    • Default Gravatar
      Lee | May 13, 2013

      HI Jacob,

      Thanks for our response.

      I think I will be getting paid in local dollars.

      Do you think the Bankwest Zero Master Card would be a good option to use overseas?

    • Staff
      Jacob | May 14, 2013

      Hi Lee. Thanks for your questions. If you’re looking at using a Bankwest card for overseas travel, you may want to consider their Platinum Credit Cards – these cards have no foreign currency conversion fee. It’s also worth comparing your travel money options here. If you’re getting paid in the local currency, you won’t be eligible for an Australian card. You need to show that you have a local income in AUD. Jacob.

  57. Default Gravatar
    kylie | April 26, 2013

    I am looking for a credit card to take to the USA as a back up if needed. Would only want a couple of thousand dollars on it. I am wondering if there is a better card then other to use overseas? F

  58. Default Gravatar
    Colin | April 22, 2013

    I get very upset when my credit card company charges me a fee of tens of dollars when my credit card goes over only say 5 dollars. They also charge this fee when it is their transaction (an interest fee or annual fee) that takes the card over the limit without warning. Can anyone tell me which cards simply stop a transaction that might take the card over the limit and hence do not charge over limit fees. Thanks

    • Staff
      Jacob | April 22, 2013

      Hi Colin. Thanks for your question. You can get this feature with any credit card. The laws around your credit limit were changed mid-2012. Check this page for information about going over your credit limit. Hope this helps.

  59. Default Gravatar
    Robyn | April 10, 2013

    What is the difference between a Visa card and a Master card?

  60. Default Gravatar
    Lisa | April 9, 2013

    Hi I have a credit card with $2000- I would like a 0% balance transfer in order to pay it off quickly. How do I organize this please?

    • Staff
      Jacob | April 9, 2013

      Hi Lisa. Thanks for your question. You request a balance transfer when you apply for a card. Visit this page to compare balance transfer credit cards. Once you’ve found the offer you want. Click through to apply. When you’re in the application you will be asked if you would like to carry out a balance transfer. Here’s a video walk though on exactly what you need to do to request a balance transfer when you apply for a card. Jacob.

  61. Default Gravatar
    Leonard | March 31, 2013

    Hi,

    Can you please let me know which is the best Credit Card in Brisbane, with the least annual fees and good rewards for dollars spent.

    Thank you,
    Regards,
    Leonard

    • Staff
      Jacob | April 2, 2013

      Hi Leonard. Thanks for your question. In order to find the best credit card for you, you need to take into a number of factors including: how you plan to spend and how much you spend on the card, your preferred airlines and rewards, and whether you pay back the entire balance in full each month. Each card is national, so the selection of cards doesn’t vary depending on the state you live in. To see rewards credit cards with no or a low annual fee, have a look at this comparison table – it compares cards that allow you to earn rewards – and have a look at the annual fee section. An important consideration when comparing rewards credit cards: the net value of the card’s rewards must be greater than the card’s annual fee – otherwise the card will not be cost effective. Jacob.

  62. Default Gravatar
    Alex | March 17, 2013

    Would it be advisable for pensioners to use the low (student) income card ?

    • Staff
      Jacob | March 18, 2013

      Hi Alex. Thanks for your question. It’s difficult to say. Student credit cards are similar to Low Interest Rate Credit Cards in that they offer low or no annual fees, they often have low purchase rates of interest and the application requirements are lower than other cards on the market. If you’re living off the pension, a card with the low income requirement and low interest rate is going to be a sensible option. Please compare your options.

Credit Cards Comparison

Rates last updated December 18th, 2014
Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
ANZ Low Rate
ANZ Low Rate
A low rate on purchases, balance transfer and a low annual fee. 13.49% p.a. 0% p.a. for 16 months $58 p.a. 21.74% p.a. Go to site More info
Citi Simplicity Card
Citi Simplicity Card
$0 annual fee credit card with a long term balance transfer offer. 19.99% p.a. 0% p.a. for 12 months $0 p.a. 19.99% p.a. Go to site More info
NAB Low Rate Credit Card
NAB Low Rate Credit Card
Low ongoing interest rate on everyday purchases. 0% p.a. for 15 months (reverts to 13.99% p.a.) 4.99% p.a. for 6 months $59 p.a. 21.74% p.a. Go to site More info
Westpac Low Rate Card
Westpac Low Rate Card
A low interest rate credit card with a low annual fee and balance transfer offer. 13.49% p.a. 0% p.a. for 16 months $59 p.a. 21.49% p.a. Go to site More info
American Express Qantas Discovery Card
American Express Qantas Discovery Card
Receive 7500 Qantas Points and pay no annual fee ever. Plus earn 1 Qantas Point per $1 spent on all your everyday purchases. 20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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