Credit Card Companies – Find the best credit card company in Australia*

Information verified correct on September 26th, 2016

Comparison of Australian Credit Card Companies

Australia seems to have credit card companies around every corner. As one of the most profitable and competitive markets in the world every financial institution seems to want to get in the game here. The first thing you have to do when you choose a credit card is identify your needs and find a card that suits those needs.

The second thing to do is to look at the company profile of each bank and determine if one of them gives you enough peace of mind to trust with your finances. The right card issuer not only offers you great rates, rewards, and benefits but comes from a company that you do not hesitate to give all of your personal data, one that you know has good financial practices, and excellent customer service.

To make the choice between credit card companies a little easier you should learn about the leading Australia card providers. According to market share the companies noted here have the most customers and control most of the market. Getting to know each of their company profiles can help you make that final decision about which card you put in your wallet.

Choose a Credit Card Company

    • Commonwealth Bank credit cards. Founded in 1912 and has more then 700,000 shareholders and 38,000 employees. They are one of the most popular banks in Australia, due in part to their large array of credit cards and a good rewards program.
  • ANZ credit cards. In 1835 the Bank of Australasia began in Sydney with another branch opening three years later in Melbourne. This bank would go on to become ANZ, one of the biggest credit card companies in Australia. In fact ANZ is one of the top* fifty banks in the world and one of the largest companies in Australia and New Zealand.
  • Westpac credit cards. Starting in 1817 as the Bank of New South Wales, Westpac is Australia’s oldest bank. They became Westpac in 1982 after purchasing the Commercial Bank of Australia. They are well known for the Altitude, Earth, and Singapore Airlines rewards schemes. As of 18 November 2014, Earth and Singapore Airlines cards are no longer offered in the market.
  • NAB credit cards. The National Australia Bank was born out of a 1981 merger between the Commercial Banking Company of Sydney and the National Bank of Australasia Limited.
  • Citibank credit cardsCitibank is the newest to Australia of the banks listed here. However, as part of the worldwide Citi Group they are able to offer many different credit cards for both business and personal use and a valuable rewards program.

Each of the credit card companies listed here is unique, just as every credit card is unique. Once you have narrowed your search you should evaluate the company profiles and decide which one you trust with your finances.

Rates last updated September 26th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
ANZ Frequent Flyer Platinum
Get 50,000 bonus Qantas Points after first eligible purchase is made within three months. Earn up to 1.5 Qantas Points per $1 spent on purchases.
19.99% p.a. $295 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.
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

Financial Crisis on Australian Credit Card Companies

The global financial crisis has caused credit card companies to evaluate the way that they do business. They realise that they need to work harder then ever to keep their customers and gain new ones as people world wide start to tighten their financial belts.

If you have good credit this difficult period is actually a good time to manage your credit cards and get new ones as the credit card companies try to woo consumers back with some truly great offers.

If you currently have a credit card you will probably be able to get your interest rate lowered. Credit card companies would rather lower the rate of a good customer then lose their business all together. In most cases a simple phone call to your credit card company is all you need to do to get your interest rate lowered. You might be surprised at how easy it is to save money this way. For those who have defaulted on their credit card accounts it is also a good time to try to negotiate on those accounts. Now that credit card companies are also dealing with large losses due to the financial crisis they are much better off negotiating a payoff deal with you then they would be if you filed bankruptcy. If customers file bankruptcy the credit card company gets nothing, if they negotiate they get some money while saving you from going to bankruptcy court.

For new customers the news is also hopeful. Credit card companies are offering excellent rewards and interest rates to their new customers. Many people are eschewing credit cards right now, so the companies are trying hard to make credit card use beneficial to the owners as well as the credit card companies. Unfortunately for those consumers with low credit scores it is harder to get a credit card. The credit card companies are simply unwilling to do business with anyone whom they consider a risk. If you fall into this category you should take it as an opportunity to rebuild your credit and simply stop overspending.

The financial crisis has made everyone evaluate their credit card companies. Most people now understand how the companies make money and refuse to fall victim to high interest rates and fees anymore. The credit card companies also know that to stay competitive they have to work hard to keep your business.

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Credit Cards Comparison

Rates last updated September 26th, 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 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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