How to avoid Foreign Currency Exchange Fees when Travelling

Rates and Fees verified correct on August 4th, 2015

Some international transaction fees can be avoided, but all card payments use the MasterCard, Visa and American Express exchange rate

Are you an exchange rate aficionados looking to get the most from your dollar while on holiday?

Be aware of that fact that the figure you hear quoted on the evening news is not the exchange rate you get when you make a purchase or ATM withdrawal. The exchange rates discussed on the evening news are the interbank rates — the exchange rates the banks use to sell foreign currency to each other. These rates are not available to everyday consumers.

For most people like you and me, when we use a Visa, MasterCard or American Express branded product, we’re subject to the Visa, MasterCard or American Express exchange rate. The good news is that this rate is pretty close to the interbank rate. The markup by the card scheme (Visa, MasterCard and Express) is negligible (unless you’re making a huge purchase).

The additional fees applied by the card scheme and the card provider (CBA, NAB, ANZ and Westpac, for instance) are what you need to pay attention to. Currency conversion fees, also called international transaction fees, cash advance fees and international ATM fees should be at the front of your mind if you’re concerned about card fees when you’re travelling.

The following article will have a look at what these fees are, and will point you in the right direction if you’re a looking for a product that costs less to use overseas.


Different ways to pay for transactions overseas

Let’s have a look at the different ways you can pay for goods and items while you’re abroad and the fees and charges that applicable to each type of payment method.

Comparison of No Foreign Currency Exchange Fee Credit Cards

Rates last updated August 4th, 2015
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
Bankwest Zero Platinum MasterCard
Complimentary travel insurance & 24/7 Concierge service and Zero Foreign Transaction fees.
17.99% p.a. 2.99% p.a. for 9 months $0 p.a. 21.99% p.a. Go to site More info
Bankwest Qantas Platinum MasterCard
Earn 8,000 bonus Qantas Points. Plus free travel and accident insurance and payment protection.
20.49% p.a. 2.99% p.a. for 9 months $160 p.a. 21.99% p.a. Go to site More info
Bankwest More Platinum Mastercard
Earn 28000 bonus More rewards points. Earn 2.000 More rewards points for every $1 spend.
19.99% p.a. 2.99% p.a. for 9 months $130 p.a. 21.99% p.a. Go to site More info
Coles Rewards Mastercard
Earn 2.000 flybuys points for every $1 spent and no foreign transaction fees for online purchases and overseas trips.
19.99% p.a. 0% p.a. for 6 months $89 p.a. 19.99% p.a. Go to site More info

There are credit cards on the market that do not charge fees for international transactions; however, the majority of cards on the market will charge a fee for currency conversion — this is a fee of 3% when you carry out a transaction in a currency other than Australian dollars. The bank and card scheme will charge a fee to change the funds into a currency the merchant can accept.

Go for a card that waives the foreign currency conversion fee if you want to eliminate this fee from your bank balance.

For example, the 28 Degrees MasterCard is an enticing proposition for people heading overseas, or even spending internationally. Our review of the 28 Degrees MasterCard covers off everything you need to know about the card and using it to shop in a foreign currency.

Compare credit cards with no foreign currency conversion fee and annual fee.

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Prepaid travel money cards.

Rates last updated August 4th, 2015
Available Currencies ATM Withdrawal Fee Reload Fee Initial Load Fee
ANZ Travel Card
ANZ Travel Card
AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD, AUD 3.50, CAD 3.00, EUR 2.20, GBP 2.00, HKD 20.00, JPY 260, NZD 4.50, SGD 4.00, THB 95, USD 2.50, 1.1% of the value purchased $0 Go to site More
Qantas Card with Qantas Cash
Qantas Card with Qantas Cash
AUD, AED, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD AUD 1.95, CAD 2.00, EUR 1.50, GBP 1.25, HKD 15.00, JPY 160, NZD 2.50, SGD 2.50, USD 1.95, THB 70.00, AED 6.50 $0 $0 Go to site More
Westpac Global Currency Card
Westpac Global Currency Card
AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD, ZAR AUD 2.00, USD 2.00, GBP 1.50, EUR 2.00, NZD 3.00, CAD 2.50, HKD 15.00, SGD 3.00, JPY 200, THB 75.00, ZAR 20.00
(Note: If you withdraw using a Global Alliance ATM, there will be no withdrawal fee.)
1% of total amount up to $10 max per reload $0 Go to site More
OzForex Travel Card
OzForex Travel Card
AUD, CAD, EUR, HKD, GBP, JPY, NZD, SGD, USD AUD 2.95, CAD 2.95, EUR 2.00, GBP 2.00, HKD 15.00, JPY 210, NZD 4.25, SGD 3.50, USD 2.25 $0 $15 Go to site More
Multi Currency Cash Passport
Multi Currency Cash Passport
AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD $0 for International ATM withdrawal and 2.95% of the amount withdrawn in Australia $5 $0 Go to site More
Travelex Travel Card
Travelex Travel Card
AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD Travelex does not charge an ATM withdrawal fee when you use your Travelex Multi-currency Cash Passport to withdraw currencies that are loaded on the card at overseas ATMs where MasterCard is accepted. The greater of 1.1% of the initial load / reload amount or AU$15.00 $0 Go to site More

You can, of course, choose to transfer your money onto a prepaid travel money card. Travel money cards let you hold multiple foreign currencies on the card. The advantage being you can spend on the card without paying for currency conversion — preload Euros and spend in Euros, for instance, and you’ll only pay for the cost of the transaction, nothing more.

Travel card fees.

Although you save on currency conversion, don’t assume that these are fee free accounts. Travel money cards charge when you load funds for the first time, or every time you reload funds. There can also be fees for opening the account, called card issue fees, and when the account is inactive for a period of time.

Keep this in mind:

A consideration for prepaid travel money cards is that you will need several cards if you are visiting several countries. It is expensive to purchase goods or withdraw cash from a country if your travel card in the currency of another country. Comparing prepaid travel money card providers with multiple currencies allows you to load it in the currency of several nations. Once you have purchased the card and loaded it with money it is no longer subjected to any foreign exchange rate fluctuations.

Our comparison of travel cards covers their fees, available currencies and you can read frequently asked questions about these products.

Travel card exchange rates.

If getting the best rate possible on currency exchange is your main concern, you may want to consider a different product. Travel card providers have a different exchange rates for travel cards and credit cards and debit cards.

Travel Money Cards are subject to the same exchange rate for traveller’s cheques and purchases of foreign cash. It’s worth having a look at the provider’s rates prior to carrying out a purchase. Exchange rates are available through the financial institution’s website, and rates are also provided when you’re issued a ‘foreign currency quote’ prior to loading a travel card with funds. You can compare the quote against rates offered by foreign exchange providers, like OzForex, to see if you’re getting the best deal.

Find out more about travel money cards here.

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What about using cash?

It’s always a good idea to always have some cash on you while you’re travelling. If money talks, cash screams.

ATM withdrawals are virtually inevitable while you’re on holiday, and in most cases, so are ATM fees — but not always.

Eliminate ATM fees.

International ATM fees can be avoided. The local ATM operator fee is a different story. There are Australian accounts, like cards offered by Bankwest, which do not charge for international ATM withdrawals, but the local ATM operator fee still applies. Choosing a credit card or debit card with a major financial institution like Citibank and using a Citibank ATM (Citibank have a global presence) greatly reduces the cost of making an overseas ATM withdrawal, but the less time spent searching for an ATM where you can withdraw for free, the better. Who wants to spend their holiday looking for an ATM to save a couple of bucks?

Another option is to go for a lender with an international ATM alliance. Westpac are partnered with a number of major international financial institutions, Westpac cardholders can avoid ATM fee altogether if they use an ATM within the Westpac global ATM alliance. There are other Australian institutions that have similar arrangements, you can see which banks have international ATM partnerships in the frequently asked questions section of our travel money comparison page.

The exchange rate.

Like when you use your card to make a purchase, when you use your card to withdraw cash, you’re subject to the Visa, MasterCard or American Express foreign exchange rate. You can view these rates on the card scheme’s website.

Travel Debit Card without international transaction fees.

Rates last updated August 4th, 2015
$
$
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Citibank Plus Everyday Account
Enjoy international money transfers from Australia to any account, anywhere in the world. No monthly fees, no ATM fees.
0.00% 0.00% 0.00% $0 $0 / $0 Open More
Bankwest Qantas Transaction Account
Earn Qantas Points on your account balance 365 days a year, plus access to Australia's largest bank ATM network.
0.01% 0.01% $6 $0 / $0 Open More

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Get rewarded when you spend?

If you’re about to head overseas and you’re wondering about the choice of plastic to use abroad, think about credit cards that offer rewards, or credit cards that come with travel-centric perks, like complimentary international travel insurance.

Often, credit cards that offer rewards also come with complimentary international travel insurance. This additional perks will be reflected in the product’s annual fee.

In some cases, credit cards offer bonus points when you spend in a foreign currency, and benefits like complimentary international travel insurance is money saved, even before you’ve left the country.

Rates last updated August 4th, 2015
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
ANZ Rewards Platinum
Earn points for every dollar spent on purchases plus a 50,000 Reward Points when you meet the minimum spend of $3,000 in the first three months and pay no annual fee for the first year.
18.79% p.a. $0 p.a. annual fee for the first year ($149 p.a. thereafter) 20.99% p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 3x Velocity Points in the first 3 months plus a low balance transfer offer of 0% p.a. for 14 months
20.74% p.a. 0% p.a. for 14 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) 20.99% p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 40,000 Bonus Qantas Points Plus earn 2 points for international purchases including online spend. Including a low balance transfer offer of 0% p.a. for 6 months.
19.99% p.a. 0% p.a. for 6 months $199 p.a. 21.99% p.a. Go to site More info
ANZ Frequent Flyer Platinum American Express/Visa
Earn up to 1.50 Qantas Frequent Flyer points per $1 spent on purchases. Plus 50,000 Qantas Points when you spend $3,000 on purchases within the first 3 months and no annual fee offer in the first year. Conditions & minimum spend apply.
19.99% p.a. $0 p.a. annual fee for the first year ($295 p.a. thereafter) 21.49% p.a. Go to site More info
American Express Qantas Discovery Card
A no annual fee frequent flyer credit card with a low balance transfer offer of 0.99% p.a. for 6 months. Earn 1.00 Qantas Point per $1 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
American Express Velocity Escape Card
Receive 7,500 Velocity bonus points when you spend $300 in the first 3 months, plus a $0 p.a. card 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
Virgin Australia Velocity High Flyer Card - 20k Bonus Points offer
20,000 bonus Velocity points and half annual fee offer for the first year.
20.74% p.a. 1.9% p.a. for 12 months $144 p.a. annual fee for the first year ($289 p.a. thereafter) 20.99% p.a. Go to site More info
Coles Low Rate Mastercard
Enjoy a low annual fee credit card and a low interest rate.
11.99% p.a. 0% p.a. for 6 months $49 p.a. 19.99% p.a. Go to site More info
ANZ Frequent Flyer
Get 50,000 Qantas Points after you spend $3,000 on purchases within the first 3 months and earn up to 1.00 points per $1 spent on purchases.
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
American Express Platinum Edge Credit Card
Receive 10,000 Membership Rewards bonus points and a complimentary Virgin Australia flight each year. Plus a low balance transfer offer of 0.99% p.a. for 6 months.
20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $195 p.a. Go to site More info
Citi Qantas Signature Credit Card
Earn up to 60,000 bonus Qantas Points when you meet the spend requirement, 0% p.a. for 6 months on balance transfers and $0 annual fee for the first year.
20.99% p.a. 0% p.a. for 6 months $0 p.a. annual fee for the first year ($299 p.a. thereafter) 21.74% p.a. Go to site More info
Coles No Annual Fee MasterCard
No annual fee credit card with flybuys points on everyday purchases, plus enjoy up to 62 interest free days.
19.99% p.a. 0% p.a. for 6 months $0 p.a. 19.99% p.a. Go to site More info
HSBC Platinum Credit Card
A low balance transfer offer of 0% p.a. for 8 months. Enjoy a no annual fee for the life of the card with high credit limits, prestige services including a personal concierge service and VISA Platinum rewards program.
19.99% p.a. 0% p.a. for 8 months $0 p.a. 21.99% p.a. Go to site More info
American Express Qantas Ultimate Card
Receive up to 50,000 extra Qantas Points. Plus earn 1.00 points per $1 spend.
20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $450 p.a. Go to site More info
NAB Qantas Rewards Premium Card
A low balance transfer offer of 0% p.a. for 15 months as well as 40,000 bonus Qantas Points. Ability to earn 1.50 points per $1 spent on eligible purchases.
19.99% p.a. 0% p.a. for 15 months $250 p.a. 21.74% p.a. Go to site More info
Bankwest Qantas Platinum MasterCard
Bonus 8,000 Qantas Points when you apply online. Plus earn 0.750 Qantas Points for every $1 spent.
20.49% p.a. 2.99% p.a. for 9 months $160 p.a. 21.99% p.a. Go to site More info
St.George Amplify Signature
Earn 1.500 Qantas or Amplify Points per dollar spent on eligible purchases.
0% p.a. for 3 months (reverts to 19.49% p.a.) 0% p.a. for 16 months $279 p.a. 20.74% p.a. Go to site More info
NAB Velocity Rewards Premium Card
Receive 20,000 bonus reward points and a complimentary insurance. 0% p.a. on balance transfers for 15 months.
19.99% p.a. 0% p.a. for 15 months $150 p.a. 21.74% p.a. Go to site More info
ANZ Rewards Black Credit Card

Pay no annual fee for the first year and receive 50,000 Reward Points when you spend $3,000 on purchases within the first 3 months. Offer ends 20 August 2015.

18.79% p.a. $0 p.a. annual fee for the first year ($375 p.a. thereafter) 20.99% p.a. Go to site More info
ANZ Rewards Credit Card
Apply for the ANZ Rewards Credit Card and get 50,000 Reward Points after you spend $3,000 on purchases within the first three months. Earn reward points on your purchases, redeemable for a huge selection of rewards including shopping vouchers, gift cards, and travel.
18.79% p.a. $0 p.a. annual fee for the first year ($89 p.a. thereafter) 20.99% p.a. Go to site More info
Bankwest Qantas MasterCard
2,000 Qantas points offer and earn 0.500 Qantas Point per $1 spent on eligible purchases.
20.49% p.a. 2.99% p.a. for 9 months $100 p.a. 21.99% p.a. Go to site More info
St.George Amplify Platinum
Choose between Amplify or Qantas rewards program. Uncapped points earning.
0% p.a. for 3 months (reverts to 19.49% p.a.) 0% p.a. for 16 months $99 p.a. 20.74% p.a. Go to site More info
Woolworths Money Everyday Platinum Credit Card
0% p.a. for 14 months on balance transfers and earn up to 3.00 rewards points per $1 spent with $0 annual fee and receive a $100 Gift Card, offer ends 31 August 2015.
19.99% p.a. 0% p.a. for 14 months $0 p.a. annual fee for the first year ($49 p.a. thereafter) 21.99% p.a. Go to site More info
Westpac Altitude Black
Access a dedicated concierge & iPhone app, your own personal shopper and a range of complimentary travel and purchase insurances. Offers two reward programs which you can choose between Altitude or Qantas Rewards.
0% p.a. for 3 months (reverts to 20.24% p.a.) 0% p.a. for 20 months $395 p.a. 21.24% p.a. Go to site More info
Woolworths Money Qantas Platinum Credit Card
Earn Qantas Points on your everyday shop and pay a reduced annual fee for the first year. Includes access to special discounts with associated partners.
20.49% p.a. 0% p.a. for 14 months $99 p.a. annual fee for the first year ($139 p.a. thereafter) 21.99% p.a. Go to site More info
Bankwest More Platinum Mastercard
Introductory 28,000 bonus points offer and a low interest rate on balance transfers.
19.99% p.a. 2.99% p.a. for 9 months $130 p.a. 21.99% p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Earn Velocity Points plus enjoy an introductory interest free offer of 0% p.a. on purchases for 12 months, and 0% p.a. for 6 months on balance transfers.
0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. 20.99% p.a. Go to site More info
ANZ Frequent Flyer Black
Earn up to 50,000 bonus Qantas Points when you meet the minimum spend requirement and no annual fee in the first year. Conditions and minimum spend apply.
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
Citi Rewards Credit Card - Signature
Get 60,000 reward points on your first eligible purchase. Convert them to Qantas Points.
20.99% p.a. 0% p.a. for 6 months with 1% balance transfer fee $299 p.a. 21.74% p.a. Go to site More info
Citi Rewards Credit Card - Platinum Card
Consolidate your debt with a low balance transfer offer of 0% p.a. for 24 months with 2.5% balance transfer fee and a host of platinum privileges. Earn up to 1.250 Citibank Reward points for every $1 spend.
20.99% p.a. 0% p.a. for 24 months with 2.5% balance transfer fee $199 p.a. 21.74% p.a. Go to site More info
Bankwest More Classic MasterCard
8,000 bonus More points offer and a long term balance transfer.
19.99% p.a. 2.99% p.a. for 9 months $70 p.a. 21.99% p.a. Go to site More info
Bankwest More Gold MasterCard
15,000 bonus points and a balance transfer offer of 2.99% p.a. for 9 months.
19.99% p.a. 2.99% p.a. for 9 months $120 p.a. 21.99% p.a. Go to site More info
Westpac Altitude Platinum Card
Redeem Altitude points for flights on any of the world's major airlines including free insurance and travel benefits. Also a low purchase rate offer of 0% p.a. for 3 months and a long term balance transfer.
0% p.a. for 3 months (reverts to 20.24% p.a.) 0% p.a. for 20 months $150 p.a. 21.24% p.a. Go to site More info
American Express Platinum Card
Receive 100,000 Membership Rewards Bonus Points when you spend $1,000 on your card. You can transfer points to a choice of 9 leading airline rewards programs, including the Qantas Frequent Flyer program.
$1,200 p.a. Go to site More info
Westpac Altitude Business Gold Credit Card
A complimentary travel insurance, purchase cover and no annual fee for the first year. Also receive a low purchase rate offer of 0% p.a. for 12 months.
0% p.a. for 12 months (reverts to 20.24% p.a.) $0 p.a. annual fee for the first year ($150 p.a. thereafter) 21.24% p.a. Go to site More info
Emirates Citi World Card
Receive up to 40,000 bonus Skyward Miles and half price annual fee for the first year.
20.99% p.a. 0% p.a. for 9 months $149 p.a. annual fee for the first year ($299 p.a. thereafter) 21.24% p.a. Go to site More info
Citi Prestige Card
Receive 70,000 bonus reward points on your first spend. Option to earn opt-in to the Qantas Rewards program and earn Qantas Points.
20.74% p.a. 0% p.a. for 6 months $700 p.a. 21.24% p.a. Go to site More info
David Jones American Express
Receive 30,000 Membership Rewards points, earn up to 3.00 rewards points for every dollar spent on everyday item and access exclusive in-store benefits to David Jones cardholders.
20.74% p.a. $99 p.a. Go to site More info
Bank of Melbourne Amplify Classic - Amplify Rewards
Earn Amplify points on purchases to redeem for gift cards, appliances, events and experiences, travel through Amplify Travel. Plus a low purchase rate offer of 0% p.a. for 3 months.
0% p.a. for 3 months (reverts to 19.49% p.a.) 0% p.a. for 16 months $79 p.a. 20.74% p.a. Go to site More info
Coles Rewards Platinum Mastercard
Earn 2.000 flybuys points for every $1 spent and no foreign transaction fees for online purchases and overseas trips, plus 62 interest-free days on purchases.
19.99% p.a. 0% p.a. for 6 months $89 p.a. 19.99% p.a. Go to site More info

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15 Responses to How to avoid Foreign Currency Exchange Fees when Travelling

  1. Default Gravatar
    Nigel | January 19, 2015

    Hi, I have noted the cash advance fee from ATM’s overseas but can you confirm if interest in charged from the day you obtain that cash advance? Is this interest negated if the full outstanding balance is paid within the 55 day period?

    • Default Gravatar
      Nigel | January 20, 2015

      Hi Jonathan,

      Thanks for your reply. Sorry I should have been more specific regarding which card I would be using. It would be a 28 degrees MasterCard with the 55 day interest free period. Given this info can you specify what charges would be payable and whether the interest on the cash advance only starts to be charged after the 55 day period or from the day the cash a advance is taken out. Thanks again for your help.

    • Staff
      Jonathan | January 20, 2015

      Hi Nigel,

      A cash advance fee of 3% of the cash advance or $4 (whichever is greater) will be charged to the account on each occasion on which you obtain a cash advance or make a cash equivalent transaction, interest will be charged on the cash advance fee on a daily basis from the date of the withdrawal. If your account is in credit, you will not be charged interest on the cash advance fee.

      I hope this helps!

      Cheers,

      Jonathan

    • Staff
      Jonathan | January 20, 2015

      Hi Nigel,

      Thanks for your question,

      Depending on the credit card you are using, on top of the normal interest rate and lack of interest free days, you can be imposed a $1-$10 / 1%-4% fee (whichever is higher) every time you carry out an overseas cash advance. You will also be charged the standard cash advance rate for your credit card (as well as the international cash advance fee).

      I hope this helps!

      Cheers,

      Jonathan

  2. Default Gravatar
    aengus | June 28, 2014

    I like 28 degrees but as they changed the rules on 1st of Jan 2014 and now charge 3% or $4 for cash-out from a preloaded card, I use it for online or credit transactions abroad only

    Cash out, at $2.50 per t transaction, I do via Ing orange everyday, a debit card.

  3. Default Gravatar
    Trevor | February 2, 2014

    We have had a GE 28 Degrees MasterCard while travelling overseas for some years now.
    Plan to travel to Russia, Finland, Sweden, Denmark, Norway then Ireland later this year.
    Can we use this card in these counties? We usually pre load our card before setting off.

    Trevor

    • Default Gravatar
      Anne | February 20, 2014

      Note the GE 28degrees card has changed. You now pay a withdrawal fee for withdrawals from ATM’s even if it is your own money loaded onto the card (i.e. even if it is in credit.) 3% or $4 whichever is the higher amount. Still no international transaction fee though and no currency conversion fee for both ATMs and credit-type transactions.

    • Staff
      Jacob | February 20, 2014

      Hi, Anne.

      Please feel free to have a chat about this product with other users in the finder forum. Here’s a link to the travel money section. Feel free to start a new post on this topic.

      Thanks!

    • Staff
      Shirley | February 3, 2014

      Hi Trevor,

      Thanks for your comment.

      Yes you can use the card in those countries and wherever the MasterCard symbol is displayed.

      If you preload the card with funds beforehand, your insurance and security benefits may be voided – so it’s best to confirm this with GE Money before you head overseas.

      Cheers,
      Shirley

  4. Default Gravatar
    Lisa | August 1, 2013

    Hi there.
    I have been looking at the GE 28 Degrees MasterCard to use while travelling overseas. My concern is that if you use it take money out at an ATM you are charged interest from that time. I believe you can preload the card somewhat (i.e: put it into credit) however, I cannot get a clear answer on how much. Do you know how much you can put it into credit (to avoid paying interest charges)?
    Thanks.

    • Staff
      Jacob | August 2, 2013

      Hi Lisa. Thanks for your question. There’s no limit to amount of funds you can load onto the card to put it into a positive balance. If you do this though, you’re waiving the anti-fraud guarantee. The lender may block your card due to suspicious activity if you deposit too much money onto the card. These are few considerations to think of when you put your account into a positive balance. I hope this helps. Jacob.

  5. Default Gravatar
    Danielle | June 15, 2012

    I am travelling to Europe in July. I will be doing a lot of shopping and will most likely be adding to the amount I am taking overseas on weekly. What do you suggest in me taking? I am really confused and I don’t want to pay a fortune in fees.

  6. Default Gravatar
    Mim | April 2, 2012

    Why is the 28 degree credit card not compared.
    Is there a catch with this card with no transaction fees or atm fees.

    • Staff
      Jeremy | April 23, 2012

      Hi,

      Thanks for the question. This particular card is unique in that it doesn’t charge any withdrawal fee at all for any purchases you make with the card. Overseas ATM withdrawals are also free of fees, apart from the cost imposed by the owner of the ATM which has to be paid by everyone using it. Hope this has helped.

      Cheers
      Jeremy

Credit Cards Comparison

Rates last updated August 4th, 2015
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
St.George Vertigo Platinum
A platinum card with a low interest rate on balance transfers and purchases with a low annual fee.
0% p.a. for 3 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. 21.49% p.a. Go to site More info
NAB Low Rate Credit Card
Low ongoing interest rate on purchases and balance transfers.
0% p.a. for 12 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
A low interest rate credit card with a low annual fee and balance transfer offer.
0% p.a. for 3 months (reverts to 13.49% p.a.) 0% p.a. for 18 months $59 p.a. 21.49% p.a. Go to site More info
American Express Velocity Escape Card
Enjoy 7,500 bonus Velocity Points when you spend $300 within the first 3 months and up to 2.00 points for every dollar you spend, together with a $0 annual fee. Offer ends on 30 September 2015.
20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Go to site More info
HSBC Platinum Credit Card
Earn rewards points plus a balance transfer offer. Access to prestige services including a personal concierge service and VISA Platinum reward program.
19.99% p.a. 0% p.a. for 8 months $0 p.a. 21.99% 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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