Best value credit cards*

Information verified correct on October 1st, 2016

The best value credit cards* offer leading features to help you save money and manage your spending more effectively.

The type of credit card that will suit you depends largely on your spending patterns and your annual income. What might be the perfect credit card choice for you may not necessarily meet the requirements of another person. A card with a higher credit limit and low interest on purchases can suit you better if you shop often while a card with frequent flyer rewards and travel insurance would be more suited for a regular traveller. If you service your credit card payments each month, a credit card with a shorter repayment period and lower interest charges would be more suited for you.

A good credit card will allow you to earn high reward points that you can redeem for additional air miles, cash back at stores or even discounts from retailers. The more competitive credit cards also save you money by charging low annual fees and excluding currency conversion charges when you shop online.

Comparing Credit Cards

Rates last updated October 1st, 2016.

St.George Vertigo Visa

Balance transfer and purchase offer have been extended until 4 January 2017.

September 30th, 2016

Bank of Melbourne Vertigo Visa Credit Card

Intro APR of 1% for 12 months and BT offer of 0% for 18 months extended until 4 January 2017.

September 30th, 2016

Bank of Melbourne Vertigo Platinum

Balance transfer offer changed from 20 to 18 months, extended until 4 January 2017.

September 30th, 2016

View latest updates

Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Westpac 55 Day credit card
Low Purchase Rate and Balance Transfer Credit Card Offer *
Pay no annual fee for the first year and take advantage of 0% p.a. for 16 months on balance transfers and 1% p.a. for 12 on purchases.
1% p.a. for 12 months (reverts to 19.84% p.a.) 0% p.a. for 16 months $0 p.a. annual fee for the first year ($30 p.a. thereafter) Go to site More info
NAB Low Rate Credit Card
Low Interest Credit Card Offer *
Enjoy a long term offer 0% p.a. for 15 months on purchases and balance transfers combined with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $59 p.a. Go to site More info
American Express Essential Credit Card
$0 Fee Card with Balance Transfer Offer
0% p.a. for 12 months on balance transfers combined with no annual fee, reward points and insurances.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
HSBC Platinum Credit Card
Platinum Credit Card with a Balance Transfer Offer*
HSBC Platinum Credit Card offers an annual fee refund when you spend a minimum of $6,000 per year. You can also enjoy an introductory balance transfer rate of 0% for 15 months.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Velocity Rewards Credit Card with a Balance Transfer Offer*
Earn bonus Velocity Points in your first 3 months and receive a balance transfer offer of 0% for 18 months. Receive a free Virgin Australia $129 Gift Voucher each year. Available from mid-2016.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
Westpac Low Rate Card
Low Interest Rate & Low Annual Fee Credit Card*
Westpac Low Rate credit card offers a low purchase and long term balance transfer rate, with a low annual fee.
1% p.a. for 12 months (reverts to 13.49% p.a.) 0% p.a. for 18 months $59 p.a. Go to site More info
NAB Low Fee Card
Low Annual Fee Purchase & Balance Transfer Offer
0% p.a. for 15 months on balance transfers and purchases combined with a low annual fee.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $30 p.a. Go to site More info
Citi Qantas Signature Credit Card
50,000 Bonus Qantas Points Offer
Enjoy low introductory interest rates on purchases and balance transfers with a discounted annual fee for the first year. Plus, earn 50,000 bonus Qantas points when you meet the $2,000 minimum spend requirement.
20.99% p.a. 0% p.a. for 6 months $199 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
ANZ First Visa Credit Card - Exclusive Offer
Exclusive Offer to finder.com.au
0% Balance Transfer Offer* Enjoy 0% p.a. for the first 12 months on balance transfers, plus 0% p.a. for the first 3 months on purchases.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $30 p.a. Go to site More info
St.George Vertigo Visa
Low Rate Credit Card & Long Term Balance Transfer Offer*
Enjoy a balance transfer offer of 0% p.a. for 18 months with a low annual fee from St.George
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
St.George Vertigo Platinum
Low Rate Platinum Credit Card Offer
0% for 18 months on balance transfers with complimentary insurances and domestic flight inconvenience insurance.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
ME Bank frank Credit Card
No Annual Fee Low Rate Credit Card*
A low interest rate credit card that changes no annual fees.
11.99% p.a. $0 p.a. Go to site More info
Virgin No Annual Fee Credit Card
No Annual Fee with Balance Transfer Plus Cashback Offer
A no annual fee card with an introductory balance transfer offer and $100 cashback.
18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee $0 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Platinum Card with $200 back offer
Pay no annual fee for the first year and you will also receive $200 back when you spend $500 in the first 3 months.
19.74% p.a. $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
HSBC Platinum Qantas Credit Card
International Frequent Flyer Credit Card*
Receive 60,000 bonus Qantas Points on eligible spend within 3 months, 1 Qantas Point per $1 spent and complimentary international travel insurance.
19.99% p.a. $199 p.a. Go to site More info
Newcastle Permanent Value+ Credit Card
Low Purchase Rate Credit Card*
A low interest rate on purchases on your everyday purchases.
11.49% p.a. $49 p.a. Go to site More info
American Express Explorer Credit Card
100,000 Membership Rewards Bonus Points and $400 travel voucher*
Receive 100,000 Membership Rewards Bonus Points on eligible spend within the first 2 months of Card Membership. Also enjoy a $400 travel voucher and two complimentary airline passes per year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $395 p.a. Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Low Purchase Rate*
Enjoy 1% for 12% months on everyday purchases and 0% for 18% months on balance transfers.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
American Express Platinum Edge Credit Card
Platinum Credit Card Offer with Frequent Flyer Benefits**

Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement, earn 3 Membership Reward points per $1 spent, get a complimentary domestic return flight each year.

20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. Go to site More info
Bank of Melbourne Vertigo Platinum
Long Term Low Rate Platinum Credit Card
Platinum credit card with on purchases for 12 months and 0% p.a. for 18 on balance transfers, complimentary insurances and 24/7 concierge.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
Back to top

Know your credit card types and value they can offer

When deciding which credit card will have the most value for you, there a few variations to consider:

  1. Balance transfer offer credit cards - With these types of credit cards, you will be able to transfer your current credit card balances to your new card and pay them off at a lower interest rate. These transfers can be made during specific periods when interest rates on balance repayments can be reduced to as low as 0% p.a. Some credit cards even allow you to take advantage of an extended balance transfer offer period, helping you save more on interest charges on your credit card payments.
  2. Platinum credit cards - These offer you a higher credit limit than other standard cards while they also give you additional perks such as improved fraud protection, purchase protection and superior travel and emergency insurance. With a platinum credit card, you can also benefit from extended warranties on certain purchases and premium services through concierge services.
  3. 0% p.a. purchase rate credit cards - These credit cards have an introductory period within which you pay no interest on purchases. Most lenders allow new cardholders to use their new credit cards for a period of one year before the standard interest rate on the card starts to apply on purchases.
  4. Rewards credit cards - These cards are designed to reward spending by allowing clients to accumulate reward points when they make purchases. These points can then be redeemed for a variety of rewards or used to offset annual credit card fees. If you are a frequent shopper or traveler, such a credit card may suit you. Before choosing a specific rewards credit card, inquire about the details of its rewards program and the transactions that are eligible for reward points while using the card.
  5. Introductory offer credit cards - With these cards, you are offered an incentive of not paying interest on any purchases for a specified introductory period after you get the card. The introductory offer period can run for up to 12 months depending on the type of credit card you get.
  6. Frequent flyer credit card - If you are a frequent jetsetter, you could benefit more from this type of credit card because it allows you to accumulate reward points that you could redeem for discounted flights, flight upgrades, and additional flight miles. Some airlines even offer you extra travel perks such as access to priority flight booking.
  7. No annual fee credit cards - These cards offer you all the basic features of a credit card without attracting any annual fee.

How to compare credit cards

Credit card companies now offer you a wide range of credit card choices in Australia, all with different features and terms and conditions. In order to choose the right one, you need basic knowledge on how to compare different credit cards. Here are the standard features present in all credit cards that you can look at while comparing different cards:

  • Annual fees - If you are planning on owning a credit card that you use only for emergencies and not for regular spending, choose one that has low or no annual fees. Most such cards will only offer you basic credit card features, but the low annual fees will make them ideal if they are used only a few times a year. If you are a regular spender, you might be better off with a card with affordable annual fees and a rewards program that allows you to accumulate bonus points that can offset the annual charges on the card.
  • Interest rates - Different credit cards have different applicable standard rates on purchases. If you are going for a premium card such as a gold or platinum card, you will be charged higher interest because of the prestigious nature of the card. Your financial situation should be your major consideration when picking out a credit card, because you want to get one that you can comfortably afford to service with your income. Interest charges on a credit card can accumulate quickly, so be sure to read the fine print on your credit card application to determine how much interest you will pay. Some credit cards will offer you an introductory period offer with lowered or waived interest charges on certain transactions to encourage you to use your card more. Some cards will also offer you an interest-free period on holidays or other special occasions.
  • Foreign exchange rates - The outstanding credit card companies are sensitive to their clients’ online shopping needs. Shopping from online retailers who are located overseas can be a headache because of the currency conversion fees charged on such transactions. Certain credit cards won’t charge you such fees or will offer a favourable exchange rate for frequent online shoppers. While comparing credit cards to use for internet shopping, consider the security features the card will have to protect your credit card details while you are online.
  • Protection policies - Go for a credit card that will offer you superior fraud protection, especially on online purchases. You should also ensure that your card offers features such as purchase protection for damaged or stolen goods and improved warranties on costly items.

Things to consider

  • Never ignore your personal needs - When applying for a credit card, your financial situation should always be the first consideration. Upgrading to a more prestigious card may mean more annual and interest charges that may increase your monthly payments and lead you further into debt. Choose a credit card that you are comfortable with and that suits your spending behaviour and income.
  • Never ignore the conditions on the card - The first thing you should do when signing up for a credit card is to look at the terms and conditions. This will allow you to note the repayment period and introductory period on the card and figure out the standard interest rate that your card will revert to after the promotional period is over.
  • Never ignore the repayment period - Some cards may offer you a longer repayment period with a higher interest rate, or a short period with lowered interest charges. Be sure to factor in your payment preferences and how often you are able to pay your outstanding balance so that you can choose a card that suits your finances and repayment capabilities.
Back to top

Eligibility and how to apply for a credit card

Owning a credit card that meets your needs can be hugely convenient, so it’s important to compare the features on different cards before settling on one that’s best for you. Our guide offers a wide selection of credit cards you can choose from. Once you find one that fits your personal needs, click ‘Go to site’ to sign up for it.

Here are the eligibility requirements you will have to satisfy when applying for most standard credit cards:

  • You must be over the age of 18
  • You must have a good credit rating
  • You must be an Australian resident

The following documents are also required when filling out your credit card application:

  • Your employer’s address
  • Your Australian driver’s license
  • Details of your annual income and any other liabilities you currently have

When it comes to credit cards, your income level and spending preferences are what will determine which card suits you. Comparing benefits and features on different cards will enable you to choose the card that works best for your needs. Check out the different cards in our guide and apply for the credit card for you today.

Compare credit cards here

Back to top

Frequently Asked Questions

What resources will I need to compare?

There are a number of resources available to you when comparing your credit card options. The finder.com.au review and product pages will provide you with object and comprehensive comparisons of a variety of credit cards available throughout Australia. You will also need to read over the Product Disclosure Statement and Terms and Conditions provided on bank provider website. If you have any specific questions that aren’t answered by any of these documents, you can send your question to finder.com.au or contact the bank provider’s customer service team.

How do I know which credit card is the best value?

The best value credit card will depend on your specific needs. Always keep your financial position and what you want out of the credit card in mind when making a comparison.

How do I know if I'm eligible for the best value credit card*?

Every credit card comes with eligibility criteria that you need to fulfill if you wish to apply. Most credit cards will list their eligibility requirements on their website, so make sure to read through those before you commit to a card.

Back to top
Was this content helpful to you? No  Yes

Related Posts

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Credit Cards Comparison

Rates last updated October 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 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.

Ask a question
feedback