Cashback Credit Cards

Free money! Now that we’ve got your attention, learn about cash back credit cards.

Cashback offers and promotions are an enticing proposition for rewards chasers. Who doesn’t like a free lunch? Cashback credit cards can work a couple of different ways: Either get a percentage of your total spend as cash back at the end of the month, get a one off cashback payment when you enter into a special promotion, like a balance transfer, or convert your rewards points to cash. Just remember to pay your credit card balance otherwise you’ll be unnecessarily giving ‘cash back’ to your credit card provider. Here’s how to make a cashback credit card work for you.

Compare Cashback Credit Cards

Rates last updated May 6th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card.
14.99% p.a. 0% p.a. for 12 months $0 p.a. Go to site More info
Coles Low Rate MasterCard
Redeem $10 off your Supermarket shop when you reach 2000 flybuys points.
9.99% p.a. 0% p.a. for 6 months $49 p.a. Go to site More info
Coles No Annual Fee MasterCard
No annual fee to pay and $10 off your Supermarket shop when you reach 2000 flybuys points.
19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
Commonwealth Bank Low Rate Credit Card
$250 cash back offer if you apply by 30 June 2016 and spend $500 on eligible purchases by 31 July 2016. This card offers a low ongoing rate of 13.49% p.a. on purchases with low annual fee of $59.
13.49% p.a. 5.99% p.a. for 5 months $59 p.a. Go to site More info
Virgin No Annual Fee Credit Card
$100 cashback and a no annual fee card with balance transfer offer. Spend criteria applies for cashback offer.
18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee $0 p.a. Go to site More info
Commonwealth Bank Low Rate Gold Credit Card
Take advantage of the $250 cash back offer and apply by 30 June 2016. A low rate card that comes with up to 55 days interest-free on purchases combined with complimentary international travel insurance.
13.49% p.a. 5.99% p.a. for 5 months $89 p.a. Go to site More info
Coles Rewards Mastercard
Receive $100 to spend at Coles Supermarkets. To receive this offer, you need to complete and submit the secure online application and be approved by . Earn 2 flybuys points for every $1 spent, no foreign transaction fees on online and international purchases.
19.99% p.a. 0% p.a. for 6 months $89 p.a. Go to site More info
Commonwealth Bank Small Business Credit Card - Low Rate
Get $250 cash back if you apply by 30 June 2016 and spend $500 on eligible purchases before 31 July 2016. A business credit card with $0 annual fee, a low ongoing interest rate with higher credit limits.
14.55% p.a. $0 p.a. Go to site More info
Bankwest Breeze MasterCard
Enjoy 5% cash back* (up to $300) on eligible purchases for the first 3 months. Monthly cap, minimum spend, and terms and conditions apply. Offered for a limited time.
12.99% p.a. 2.99% p.a. for 9 months $59 p.a. Go to site More info
Coles No Annual Fee Platinum MasterCard
Enjoy a low balance transfer offer, upgrade to a platinum card, receive $100 off a single Coles Supermarket shop and pay no annual fee. Eligible applicants only.
19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
Coles Rewards Platinum Mastercard
Earn 2 flybuys points for every $1 spent and pay low annual fee. Plus, receive $100 off a single Coles Supermarket shop if you apply by 31 May 2016.
19.99% p.a. 0% p.a. for 6 months $89 p.a. Go to site More info
Bankwest Breeze Platinum MasterCard
Enjoy Platinum card benefits offering no foreign transaction fees on online and overseas purchases, complimentary travel insurance and 5% cash back (up to $300) promotion on eligible purchases.
12.99% p.a. 2.99% p.a. for 9 months $99 p.a. Go to site More info
Bankwest Breeze Gold MasterCard
Receive premium card benefits with 5% cash back* (up to $300) on eligible purchases for the first 3 months plus a complimentary travel insurance.
12.99% p.a. 2.99% p.a. for 9 months $89 p.a. Go to site More info

Compare Credit Cards with Rewards Program that allow you to redeem points for Cashback

Rates last updated May 6th, 2016
Bonus Points Points per $ spent Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card.
1 14.99% p.a. 0% p.a. for 12 months $0 p.a. Go to site More info
Coles Low Rate MasterCard
A low rate MasterCard with a competitive rate on purchases and a low annual fee.
VISA/MC: 0.5 AMEX: 0 9.99% p.a. 0% p.a. for 6 months $49 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.
VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
Coles No Annual Fee MasterCard
Receive $100 off a single Coles Supermarket shop plus enjoy no annual fee for the life of the card and earn 0.5 flybuys point per dollar spent.
VISA/MC: 0.5 AMEX: 0 19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 40,000 bonus Qantas Points on eligible spend within 3 months. A balance transfer offer of 0% p.a. for 6 months with access to premium benefits and complimentary insurance.
40,000 bonus points VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 6 months $199 p.a. Go to site More info
ANZ Rewards Platinum
Pay no annual fee for the first year, receive 50,000 Reward Points when you spend $2,500 on purchases within the first 3 months, and earn up 2 for every dollar spent on purchases.
50,000 bonus points VISA/MC: 1 AMEX: 2 18.79% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) Go to site More info
Bankwest More Gold MasterCard
Receive up to 15,000 bonus points, earn 1.500 rewards points for every $1 spent and take advantage of a low balance transfer offer as well as a complimentary insurance and protection.
15,000 bonus points VISA/MC: 1.5 AMEX: 0 19.99% p.a. 2.99% p.a. for 9 months $120 p.a. Go to site More info
Coles No Annual Fee Platinum MasterCard
Enjoy a low balance transfer offer, upgrade to a platinum card, receive $100 off a single Coles Supermarket shop and pay no annual fee. Eligible applicants only.
VISA/MC: 0.5 AMEX: 0 19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
Citi Rewards Credit Card - Platinum Card
Enjoy a reduced annual fee on the first year, 0% p.a. for 24 months balance transfer offer, Citi Reward Points on eligible spend, plus a complimentary travel insurance.
VISA/MC: 1.25 AMEX: 0 20.99% p.a. 0% p.a. for 24 months with 1.5% balance transfer fee $199 p.a. annual fee for the first year ($249 p.a. thereafter) Go to site More info
Coles Rewards Mastercard
Receive $100 to spend at Coles Supermarkets. To receive this offer, you need to complete and submit the secure online application and be approved by . Earn 2 flybuys points for every $1 spent, no foreign transaction fees on online and international purchases.
VISA/MC: 2 AMEX: 0 19.99% p.a. 0% p.a. for 6 months $89 p.a. Go to site More info
Commonwealth Bank Awards Credit Card
Dual credit card with balance transfer offer of 5.99% p.a. for 5 months and earn up to 1.5 Awards points per dollar spent.
VISA/MC: 1 AMEX: 1.5 20.24% p.a. 5.99% p.a. for 5 months $59 p.a. Go to site More info
Citi Rewards Credit Card - Signature
Receive 75,000 bonus Reward Points on eligible spend. A range of complimentary insurances.
75,000 bonus points VISA/MC: 1.5 AMEX: 0 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
Bankwest More MasterCard
Receive up to 8,000 bonus points, earn 1.500 points for every dollar you spend, plus plus take advantage of the 2.99% p.a. for 9 months balance transfer offer.
8,000 bonus points VISA/MC: 1.5 AMEX: 0 19.99% p.a. 2.99% p.a. for 9 months $70 p.a. Go to site More info
Bankwest More Platinum Mastercard
Enjoy all the extra special benefits including complimentary overseas travel insurance and emergency travel assistance 24/7 with no foreign transaction fees.
80,000 bonus points VISA/MC: 2 AMEX: 0 19.99% p.a. 2.99% p.a. for 9 months $140 p.a. Go to site More info
Coles Rewards Platinum Mastercard
Earn 2 flybuys points for every $1 spent and pay low annual fee. Plus, receive $100 off a single Coles Supermarket shop if you apply by 31 May 2016.
VISA/MC: 2 AMEX: 0 19.99% p.a. 0% p.a. for 6 months $89 p.a. Go to site More info
Citi Qantas Signature Credit Card
Earn up to 50,000 bonus Qantas Points on eligible spend, plus enjoy a 0% p.a. for 6 months offer on balance transfers.
50,000 bonus points VISA/MC: 1 AMEX: 0 20.99% p.a. 0% p.a. for 6 months $299 p.a. Go to site More info
Citi Prestige Card
Receive 70,000 bonus points on your first spend and a low interest rate on balance transfers.
70,000 bonus points 2 20.99% p.a. 0% p.a. for 6 months $700 p.a. Go to site More info
ANZ Rewards Credit Card
Pay no annual fee for the first year, get 25,000 bonus Reward Points when you spend $2,500 on purchases within the first 3 months, and earn 1.5 points per dollar spent.
25,000 bonus points VISA/MC: 0.75 AMEX: 1.5 18.79% p.a. $0 p.a. annual fee for the first year ($80 p.a. thereafter) Go to site More info
Commonwealth Bank Gold Awards Credit Card
Earn up to 2 Awards points for every $1 spent, up to 55 days interest free on purchases and complimentary international travel insurance.
VISA/MC: 1 AMEX: 2 20.24% p.a. 5.99% p.a. for 5 months $119 p.a. Go to site More info
Commonwealth Bank Platinum Awards Credit Card
Enjoy 80,000 bonus CommBank Awards points when you apply by 30 June 2016 and meet the minimum spend criteria. Earn up to 2.5 Awards points per dollar spent and receive complimentary international travel insurance.
80,000 bonus points VISA/MC: 1 AMEX: 2.5 20.24% p.a. 5.99% p.a. for 5 months $249 p.a. Go to site More info
Commonwealth Bank Diamond Awards Credit Card
Receive 80,000 bonus CommBank Awards points when you apply by 30 June 2016 and meet the minimum spend criteria. Earn up to 3 Awards points per $1 spent.
80,000 bonus points VISA/MC: 1.25 AMEX: 3 20.24% p.a. 5.99% p.a. for 5 months $349 p.a. Go to site More info

Compare debit cards with cashback on purchases

Rates last updated May 6th, 2016
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
Citibank Plus Everyday Account
Enjoy 5% cash back on Visa payWave purchases (conditions apply).
Free international money transfers and free overseas Citibank ATM withdrawals.
Visa $0 $0 No ATM fees using Citibank, Westpac, BankSA and St.George branded ATMs in Australia. Use overseas Citibank ATMs for free. Open More
ING DIRECT Orange Everyday Account
Get up to 2% cash back on Visa payWave purchases.
Get a competitive ongoing variable rate when linked with a Savings Maximiser.
Visa $0 $0 No monthly fees, and you can use any ATM in Australia for free when you deposit $1,000 each month e.g your salary. Open More

Compare Credit Cards with gift cards or vouchers as part of their rewards program

Rates last updated May 6th, 2016
Bonus Points Points per $ spent Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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.
VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
Coles Low Rate MasterCard
A low rate MasterCard with a competitive rate on purchases and a low annual fee.
VISA/MC: 0.5 AMEX: 0 9.99% p.a. 0% p.a. for 6 months $49 p.a. Go to site More info
Virgin Australia Velocity High Flyer Card - 20k Bonus Points offer
Receive 20,000 bonus Velocity Points and earn 1 Velocity Points per $1 spent. Receive an exclusive $129 Virgin Australia Gift Voucher each year (available from mid-2016).
20,000 bonus points VISA/MC: 1 AMEX: 0 20.74% p.a. 1.9% p.a. for 12 months with 2% balance transfer fee $144 p.a. annual fee for the first year ($289 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 14 months and also earn 10,000 bonus Velocity Points when you spend $5,000 or more within the first 3 months.
10,000 bonus points VISA/MC: 0.66 AMEX: 0 20.74% p.a. 0% p.a. for 14 months with 2% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - Bonus Points and Balance Transfer Offer
Earn up to 10,000 bonus Velocity Points. Redeem your Velocity Points for more flights or other great rewards.
10,000 bonus points VISA/MC: 1 AMEX: 0 20.74% p.a. 0% p.a. for 14 months with 2% balance transfer fee $129 p.a. More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Receive 0% p.a. for 12 months on purchases, 0% p.a. for 6 months balance transfers and a reduced flight offer up to four times a year.
VISA/MC: 0.66 AMEX: 0 0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Go to site More info
American Express Platinum Edge Credit Card
Receive 5,000 Membership Rewards Bonus Points and no annual fee for the first year. Plus, enjoy 0% p.a. for 12 months on balance transfers. Apply by 30 May 2016.
5,000 bonus points VISA/MC: 0 AMEX: 1 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
BankSA Amplify Classic
The BankSA Amplify is a brand new rewards credit card that allows you to earn more Qantas Points combined with purchase and balance transfer offers.
1 0.99% p.a. for 4 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $79 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 40,000 bonus Qantas Points on eligible spend within 3 months. A balance transfer offer of 0% p.a. for 6 months with access to premium benefits and complimentary insurance.
40,000 bonus points VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 6 months $199 p.a. Go to site More info
St.George Amplify Classic
A low interest rate on balance transfers of 0% p.a. for 18 months.
VISA/MC: 1 AMEX: 0 0.99% p.a. for 4 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $79 p.a. Go to site More info
BankSA Amplify Signature
Enjoy a long term balance transfer offer of 0% p.a. for 20 months. Plus a purchase offer of 0.99% p.a. for 4 months.
VISA/MC: 1.5 AMEX: 0 0.99% p.a. for 4 months (reverts to 19.49% p.a.) 0% p.a. for 20 months $279 p.a. Go to site More info
ANZ Rewards Credit Card
Pay no annual fee for the first year, get 25,000 bonus Reward Points when you spend $2,500 on purchases within the first 3 months, and earn 1.5 points per dollar spent.
25,000 bonus points VISA/MC: 0.75 AMEX: 1.5 18.79% p.a. $0 p.a. annual fee for the first year ($80 p.a. thereafter) Go to site More info
BankSA Amplify Platinum
Enjoy a generous earn rate, plus the ability to tailor your rewards with your choice of rewards programs.
1 0.99% p.a. for 4 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
St.George Amplify Signature
Get a low 0% p.a. for 20 months on balance transfers and 0.99% p.a. on purchases for 4 months.
VISA/MC: 1.5 AMEX: 0 0.99% p.a. for 4 months (reverts to 19.49% p.a.) 0% p.a. for 20 months $279 p.a. Go to site More info
Commonwealth Bank Gold Awards Credit Card
Earn up to 2 Awards points for every $1 spent, up to 55 days interest free on purchases and complimentary international travel insurance.
VISA/MC: 1 AMEX: 2 20.24% p.a. 5.99% p.a. for 5 months $119 p.a. Go to site More info
ANZ Rewards Platinum
Pay no annual fee for the first year, receive 50,000 Reward Points when you spend $2,500 on purchases within the first 3 months, and earn up 2 for every dollar spent on purchases.
50,000 bonus points VISA/MC: 1 AMEX: 2 18.79% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) Go to site More info
Commonwealth Bank Diamond Awards Credit Card
Receive 80,000 bonus CommBank Awards points when you apply by 30 June 2016 and meet the minimum spend criteria. Earn up to 3 Awards points per $1 spent.
80,000 bonus points VISA/MC: 1.25 AMEX: 3 20.24% p.a. 5.99% p.a. for 5 months $349 p.a. Go to site More info
American Express Platinum Card
Receive 100,000 Membership Rewards Bonus Points and earn up to 3 points per dollar spent. Gain access to travel insurance, $300 Platinum Travel Credit every year and access to 800 VIP airport lounges.
100,000 bonus points VISA/MC: 0 AMEX: 1 $1,200 p.a. Go to site More info
Commonwealth Bank Platinum Awards Credit Card
Enjoy 80,000 bonus CommBank Awards points when you apply by 30 June 2016 and meet the minimum spend criteria. Earn up to 2.5 Awards points per dollar spent and receive complimentary international travel insurance.
80,000 bonus points VISA/MC: 1 AMEX: 2.5 20.24% p.a. 5.99% p.a. for 5 months $249 p.a. Go to site More info
Commonwealth Bank Awards Credit Card
Dual credit card with balance transfer offer of 5.99% p.a. for 5 months and earn up to 1.5 Awards points per dollar spent.
VISA/MC: 1 AMEX: 1.5 20.24% p.a. 5.99% p.a. for 5 months $59 p.a. Go to site More info
Westpac Altitude Platinum Card
Receive 40,000 bonus points on eligible spend, a low balance transfer rate offer of 0% p.a. for 14 months.
40,000 bonus points VISA/MC: 1 AMEX: 2 20.24% p.a. 0% p.a. for 14 months $150 p.a. More info
ANZ Platinum Credit Card
A low interest rate offer on balance transfers with a $0 annual fee for the first year.
VISA/MC: 0 AMEX: 0 19.74% p.a. 0% p.a. for 18 months with 3% balance transfer fee $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info

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What are cashback credit cards??

There are many different types of credit card rewards. Some credit card providers reward you with frequent flyer points, some offer points in a specific rewards program, like Woolworths Everyday Rewards or Commonwealth Bank points, and some just give you cash as an incentive for spending on your credit card.

A cashback credit card does what the name suggests: you get cash back when you spend on the credit card. Some provider also give you cashback when you take up a special promotional offer, like a balance transfer.

How do cashback cards work?

There are three ways you can earn cashback on your credit card purchases:

  1. Cashback via a credit card rewards program. You’ll need to manually redeem your points for cashback with this option.
  2. Instant cashback when you make an eligible credit card purchase. For example, say you make a credit card purchase of $1000 and there is a 2% cashback promotion, the credit card provider gives you $20 back.
  3. Cashback when you take up a promotional offer. Some products have a special promotion, like a balance transfer offer, you get cashback or a cash equivalent gift when you take up the deal.

For instant cashback and cashback via rewards, cashback is only given when you make an eligible credit card purchase. Transactions like cash advances are ineligible for cashback rewards. Check the credit card’s terms and conditions for a full list of transactions ineligible to earn rewards.

How can I compare cashback credit cards?

Compare cashback credit cards by the size of the return. On face value, the card that offers more will look the most appealing. But there are other factors to consider, too.

  • Think about how much you plan to spend on the card.
  • Can you pay off the entire balance at the end of the month. Cashback means very little if you’re accruing interest on your purchases.
  • What’s the product’s annual fee. You have to spend more on a card with a high annual fee before the value of the rewards is greater than the cost to own the product.
  • Also remember to compare the cashback offer against other credit card rewards options. Perhaps converting points to gift vouchers will give you a better return.

There’s more than a bit to think about before you enter into the world of cashback and credit card rewards. Do your due diligence and compare cashback credit cards so they don’t end up costing more than they’re worth.

How can I make money with a cashback card?

You’re probably wondering how much money you can actually make with a cashback credit card. Consider the following:

  • Total spend. You only get back what you put in. Your total eligible spend will dictate the cashback return, unless there’s a cap.
  • Rewards cap. Does the credit card provider have a cap on the number of rewards points you can earn in a month, or is there a limit on the value of cashback you can get. This information is available in the product’s fine print and on our credit card review and application pages.
  • Ineligible transactions. Also consider the type of purchases you’ll make on your card. Not all transactions are eligible for cashback. Cash advances, paying some bills and paying credit card fees and charges are considered ineligible transactions. Gambling purchases are also ineligible to earn cashback rewards.

The general rule is that Australian cash back customers can earn up to 1.4% cash back, after the annual fee is deducted, as a percentage of purchases according to analysis from Credit Card Finder.

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What are the advantages and drawbacks of cashback credit cards?

This may help you decide whether a cashback credit card is the right type of credit card for you.

Pros

    • Money in your pocket. Every time you spend you’re getting something back. Every return in value is a bonus, no matter how small.
    • It’s not just about the cash. Most credit cards with a cashback rewards program also have free goodies on offer like insurance, a concierge service and some even offer complimentary passes to airport lounges too.
    • Don’t like cashback? Some credit cards that offer cashback when you make an eligible purchase also offer other ways to get rewarded. If cashback isn’t your thing, you may be able to accrue rewards points that can be used for gifts, gift cards or flights.

Cons

  • The annual fee. Credit cards with cashback rewards generally charge a higher annual fee than low rate credit cards. Make sure your annual spend is high enough so the value you get back from the rewards is higher than the annual fee.
  • Rates of interest. These cards do offer interest-free days on purchases. But this is only if you pay your balance off in full each month. Rewards credit cards generally have a high purchase rate of interest. If you don’t pay off your balance, this type of credit card will cost you more than a low rate of low fee product.
  • Points cap. Some of these cards have a cap on the number of rewards points you can earn or a cap on the value of cashback you can receive over a period of time.
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What else should I take into consideration?

  • Balance transfers. Excluding cashback credit cards that offer an incentive for carrying out a balance transfer at the time of application, it’s not a good idea to get a cashback credit card when you want to do a balance transfer. A balance transfer often voids any interest-free days on the credit card, meaning interest is charged right away. Interest charges are sure to negate any rewards value. Go for a balance transfer credit card instead. If you really want the cashback rewards, you can always have two credit cards. One for the balance transfer balance and one for earning cashback. Some balance transfer credit card also don’t charge an annual fee.
  • Annual spend. Most cashback credit cards charge an annual fee. If the product is a no annual fee cashback credit card then great, any spend on the product is an instant bonus. However, if the card does charge an annual fee, you need to make sure you spend enough on the card so the return value of the rewards is greater than the cost of owning the credit card.
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How to apply and use a cashback credit card

Nearly all credit card applications can be completed online. Once you’ve compared products, and you’re ready to apply, follow the application links on our cashback credit cards review and application pages. You’ll be directed to a secure online application on the credit card provider’s website. Make sure you have the right information on hand to complete the application. You can read up about all the documents you need to complete the application on our review pages.

You should have a response shortly after you complete the credit card application and submit any additional information. Once full approval has been granted you can elect to pick your card up from a branch or you can have it sent to you in the mail, usually within a fortnight.

Conclusion

Cashback is a nice bonus for spending on your credit card. But don’t let the bonus go to the bank. Make sure you pay off your card in full each month to avoid interest charges and if the card has an annual fee, spend enough on the card to get out of the red.

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Frequently asked questions

How can I find out more about a cashback credit card?

If you have any questions about a cashback credit card that we have not answered on this page, or the product review pages, ask us a question using the form at the bottom of the article and a member of the finder.com.au will be in touch to assist you with your question.

How much cash can I expect to get back when I spend?

While the cashback rate varies from product to product, a general rule of thumb for cashback returns is somewhere between 1 and 2% of the total value of the transaction. This figure can jump up when you look at merchant and retailer bonus cashback rewards schemes.

Can I use cashback to pay the annual fee or my credit card debt?

The good news is yes, you can generally put the cashback rewards to pay the products annual fee or the outstanding balance of a credit card. It’s your cash, you can use it how you want.

Where can I find out more about cashback and rewards points capping?

The good news is yes, you can generally put the cashback rewards to pay the products annual fee or the outstanding balance of a credit card. It’s your cash, you can use it how you want.

Where can I find out more about cashback and rewards points capping?

We include all relevant information about cashback and rewards points capping on our cashback credit card review and application pages. Read our product reviews for all the ins and outs and about to best use a cashback credit card.

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* 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. ‘Best and ‘Top’ are ratings which are subject to our consideration and is not rated against all Australian credit cards. We recommend you take this information into account when comparing credit cards.

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6 Responses to Cashback Credit Cards

  1. Default Gravatar
    ejay | April 27, 2016

    Did i get appoved

    • Staff
      Sharon | April 27, 2016

      Hi Ejay,

      Thanks for your inquiry.

      Please note that you have reached finder.com.au, an online comparison service, and is not directly connected with any credit card issuer. For the status of your application, you may get in touch with the bank directly. You may also check our review on how to check on your credit card application.

      I hops this helps.

      Sharon

  2. Default Gravatar
    Nat | September 30, 2014

    Can i transfer several card balances of under $5 each onto to 1 of these single prepaid woolworths money cards plz?

    • Staff
      Elizabeth | September 30, 2014

      Hi Nat,

      Thanks for your question.

      This will depend on whether all of these cards are yours or not. It might be best to get in contact with Woolworths directly to see if this will be possible with your account.

      Thanks,

      Elizabeth

  3. Default Gravatar
    ann | April 7, 2014

    How do I redeem money for cash back? I paid for my PC on my Westpac credit card.

    • Staff
      Jacob | April 7, 2014

      Hi, Ann.

      I’m not sure I understand the question. Can you please elaborate on what you’re looking for and the product you used to make the purchase. ‘

      Thanks for your question.

Credit Cards Comparison

Rates last updated May 6th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 20 months and an introductory purchase offer of 0.99% p.a. for 4 months with a low annual fee.
0.99% p.a. for 4 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. Go to site More info
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card.
14.99% p.a. 0% p.a. for 12 months $0 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
ANZ Frequent Flyer Black
Earn up to 75,000 bonus Qantas Points when you spend $2,500 within the first three months and 1.5 points per $1 spent. Get complimentary airport lounge access, 24/7 concierge with $0 annual fee in the first year.
19.99% p.a. $0 p.a. annual fee for the first year ($425 p.a. thereafter) 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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