Low Interest Rate Credit Cards

Save money on your credit card by paying lower interest rates

Comparing low interest rate credit cards can provide a lower interest solution, giving you the flexibility and convenience to spend and make purchases on your card whilst taking advantage of lowest interest repayments.

The information below will give you the knowledge and confidence to apply for your low interest credit card. You are well on your way to saving money and reducing your credit card debt.

NAB Low Rate Credit Card - Low Interest Rate Offer - Feb 2016

Low Interest Rate Credit Card Offer

Enjoy a low ongoing annual fee and purchase rate, combined with a promotional balance transfer rate of 0% p.a. for the first 24 months.

  • 0% p.a. for the first 24 months on balance transfers (with a one-off 2.5% balance transfer fee) if you apply and are approved by 30 April 2016.
  • A low ongoing interest rate of 13.99% p.a. on purchases.
  • A low annual fee of $59 applies.
  • For new and approved applications submitted by 30 April 2016.

    Comparison of Low Interest Rate Credit Cards

    Rates last updated February 5th, 2016.

    ANZ First Visa Credit Card - Exclusive Offer

    0% p.a. for 9 months on balance transfers and purchases offer have been extended to 29 Februar 2016.

    January 31st, 2016

    Commonwealth Bank Low Rate Credit Card

    Cashback offer has been changed from $250 to $150 and will be available until 14 April 2016.

    February 1st, 2016

    Commonwealth Bank Low Rate Gold Credit Card

    Removed $150 cashback offer

    February 2nd, 2016

    View latest updates

    Jonathan Choi Jonathan
    Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
    NAB Low Rate Credit Card
    Manage your existing credit card balance with 0% for 24 months on balance transfers with a low annual fee.
    13.99% p.a. 0% p.a. for 24 months with 2.5% balance transfer fee $59 p.a. up to 55 days Go to site More info
    Coles Low Rate MasterCard
    A low rate MasterCard with a competitive rate on purchases and a low annual fee. Also receive $100 off a single Coles Supermarket shop if you apply and are approved by 9 February 2016.
    12.99% p.a. 0% p.a. for 6 months $49 p.a. up to 62 days Go to site More info
    St.George Vertigo Platinum
    Enjoy platinum card benefits with a long term balance transfer and 0% on purchases for 3 months 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. up to 55 days 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. up to 55 days Go to site More info
    ANZ First Visa Credit Card - Exclusive Offer
    Take advantage of this exclusive offer and enjoy 0% p.a. for the first 9 months on balance transfers and purchases when you apply by 29 February 2016
    0% p.a. for 9 months (reverts to 19.74% p.a.) 0% p.a. for 9 months $30 p.a. up to 44 days Go to site More info
    ME Bank frank Credit Card
    A low interest rate on purchases and cash advances with no annual fee charge.
    9.99% p.a. $0 p.a. up to 55 days Go to site More info
    St.George Vertigo Visa
    A low rate shopping credit card offering a low ongoing rate on purchases plus a low balance transfer offer.
    0% p.a. for 3 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. up to 55 days Go to site More info
    Bank of Melbourne Vertigo Platinum
    A platinum card with promotional rates on purchases and 0% p.a. for 20 months on balance transfers, complimentary insurances and 24/7 concierge.
    0% p.a. for 3 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. up to 55 days Go to site More info
    Commonwealth Bank Low Rate Credit Card
    A $150 limited time cashback offer and a low ongoing purchase rate.
    13.49% p.a. 5.99% p.a. for 5 months $59 p.a. up to 55 days Go to site More info
    ANZ Low Rate
    Save on your existing credit card interest with 0% for 18 months on balance transfers with a low annual fee and low ongoing purchase rate.
    13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $58 p.a. up to 55 days Go to site More info
    ANZ Low Rate Platinum Credit Card
    Access Platinum card features with a low annual fee, including overseas medical and travel insurance and a low interest rate on purchases.
    13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $99 p.a. up to 55 days Go to site More info
    BankSA Vertigo Visa
    A low rate credit card with 0% for 18 months on balance transfers and low ongoing purchase rate from BankSA.
    0% p.a. for 3 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. up to 55 days Go to site More info
    Bankwest Breeze MasterCard
    Enjoy low ongoing purchase rate with long term balance transfer offer.
    12.99% p.a. 0% p.a. for 21 months with 2% balance transfer fee $59 p.a. up to 55 days Go to site More info
    Citi Clear Platinum Card
    Enjoy 0% p.a. for 9 months interest free purchasing and 0% p.a. for 9 months on balance transfers.
    0% p.a. for 9 months (reverts to 14.99% p.a.) 0% p.a. for 9 months $99 p.a. up to 55 days 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 a promotional balance transfer offer of 0% p.a. for 21 months.
    12.99% p.a. 0% p.a. for 21 months with 2% balance transfer fee $99 p.a. up to 55 days Go to site More info
    Bankwest Breeze Gold MasterCard
    Receive premium card benefits with complimentary travel insurance and 0% p.a. for 21 months on balance transfers.
    12.99% p.a. 0% p.a. for 21 months with 2% balance transfer fee $89 p.a. up to 55 days Go to site More info
    BankSA Vertigo Platinum
    Experience Platinum card benefits with complimentary insurance policies and 24/7 Visa Platinum Concierge Service. Get 0% for 20 months on balance transfers and annual fee if you apply by 30 March 2016.
    0% p.a. for 3 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. up to 55 days Go to site More info
    Commonwealth Bank Low Rate Gold Credit Card
    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. up to 55 days Go to site More info
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    Complete guide to low interest credit cards

    What is a low interest rate credit card?

    A low interest credit card is a card under a certain Annual Percentage Rate (APR or % p.a.) issued to its users as a system of payment, allowing the user to pay for goods and services with a line of credit. There is no defined APR but Paul Clitheroe, finance analyst from Money magazine believes that a credit card below 15% p.a. is a good indication.

    What is credit card interest?

    Credit card interest are the repayments made back to the financial institution for lending you credit. The longer you take to repay the sum, typically the more interest you will need to pay. The longer it takes to repay a purchase or cash advance, the more interest will be accumulated.

    Credit card interest rates are also known as APR and are given in figures of p.a. but is accumulated daily as a Daily Percentage Rate.

    What Is Credit Card Interest?

    For example:

    Joey buys a television for $1000 with a Low Rate credit card which has an interest rate of 13.49% p.a.

    The minimum repayment of his outstanding balance is 2% which is $20. Given that he makes the minimum repayment and doesn’t add any more debt into his credit card he will pay $1,447 in total over 6 years and 1 month. In the end, he would pay $447 in interest which is 44.7% of the original price.

    If you must have that refrigerator, or that super king size bed, or that simply divine French antique marble-topped bench for the kitchen, put the credit card away and go for the card or the 0% interest rate introductory card instead.

    • Important: Rates and fees mentioned are just examples and does not apply to all cards. To check your card’s rates and fees, have a look at you credit card statement.
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    What types of low interest credit cards are there?

    • Standard low interest rate. According to Paul Clitheroe, these include credit cards that are often below 14% p.a. and often have a low annual fee.
    • Low interest rate with introductory purchase rate. While these cards maintain a low interest rate, their purchase rate may not. The purchase rate is important to note because that will be the interest you pay back on your purchases. Make you sure know how long the introductory period and exactly what the rate will revert back to after that period.
    • Introductory purchase rate only. This type of credit card will revert back to a high interest rate at the end of the introductory period.
    • Premium low interest rate. While this credit card has a low interest rate it will also provide some platinum perks such as complimentary travel insurance.
    • No-frills low interest rate. This type of credit card has all the non-essential features removed to keep the price low. There is usually a low annual with no interest free days.
    • Low interest rate with introductory balance transfer rate. If you have a leftover balance after a balance transfer offer expires the balance will generally revert to the standard purchase rate although in some cases this will revert to cash advance rate.
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    How does a low interest credit card work?

    If you find that you are not able to pay off your credit card balance every month in full, low interest rate credit cards could be your ideal option. You do not have to pay an enormous amount of interest if you carry a balance forward from month to month any longer. Gone are the days when a 20% interest rate was acceptable. You can find very low rate cards that are packed with extra features to help keep your debt under control.

    Any time you make a purchase with the credit card you are borrowing money and using credit. You have the option of repaying the entire amount when you receive your statement by post, or you can pay a smaller amount and carry the rest of the balance over to the next month. You will be required, however, to pay at least the minimum requirement, which is usually 2% of the entire balance.

    If you decide to use credit and borrow the money for a month you will have to pay an interest charge,. This interest is different from card to card, and it is up to you to do a card comparison to find the right low interest credit cards for you.

    • Apply for a low interest card with a 0% for 6 months balance transfer offer. A balance transfer allows you to transfer your existing card’s balance on to your new low interest credit card and pay 0% p.a. interest for 6 months. At the end of the balance transfer period interest rate on the balance will return.
    • Pay less interest on credit card purchases. With a low rate, when you make purchases on your card and if you don’t pay them back within the interest free period, you will be charged interest but at a lower rate meaning you will have a reduced interest repayment.
    • More affordable for making purchases on your card. You are able to make big purchases on your card and repay them at a low interest rate, keeping down your credit card balance.
    • Reduce your credit card balance and repayments. As Paul Clitheroe recommends, if you have a credit card with 15% interest or more, you should opt for a balance transfer to a lower rate credit card to pay off your existing card
    • Ideal if you have a revolving credit balance. If you don’t completely pay off your card balance each statement, then it is important to have a low interest rate to ensure you pay the least amount of interest to your bank, taking advantage of low interest rates and saving you money in the long run.
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    What types of interest are charged on a low interest card?

    • Purchase interest. This is the interest charged on your purchases – whether it be buying groceries at the supermarket, direct debits for bills (eg: memberships, or paying bills by credit card. On this page we have highlighted the purchase interest rates from each credit card in the table above to make it easy for you to compare the cards with the lowest purchase rate.
    • Cash advance interest. When you withdraw money directly from your credit card this is known as a cash advance. Cash transactions include ATM withdrawals, transferring funds from your low interest card to another bank account using telephone or internet banking
    • Special interest. Special interest refers to interest charged on other amounts or transactions including balance transfers.
    • Interest on interest. This is interest that is charged on any outstanding balance on your card as a result of the above three types of interest above, and is charged on your outstanding balance from your last statement period.

    How is interest calculated on a low interest rate credit card?

    The diagram below explains how interest is calculated on your credit card.

    Diagram explaining how credit card interest calculated

    How much money will I save by applying for a low interest card?

    Citibank Clear Platinum credit cardANZ Platinum credit card
    Interest Rate14.99% p.a.19.74% p.a.
    Credit Card Balance$1,000$1,000
    Minimum Repayment2% = $202% = $20
    You’d pay$1,393$2,055
    Over5 years 10 months8 years 7 months
    Difference$662 over an extra 2 years and 9 months
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    What happens when I make a transaction?

    When you read the advertising for low rate interest cards you might assume that this rate is applied to all the transactions you make. This gets a lot of people into trouble because they don’t realise that the rate only applies to purchases and not to any other transactions necessarily. Most cards have a separate interest rate for cash withdrawals, balance transfers and other transactions done on the card. If you are not aware of what interest rates apply, you can end up getting quite a surprise at the end of the month when you receive your statement.

    Another thing you should know is that a cash withdrawal does not only apply to taking money out of an ATM machine, but it also applies to buying traveller’s checks, foreign currency and making any type of gambling transaction.

    If you use your credit card abroad you may have to pay extra fees. Almost all credit cards have a foreign transaction fee, which is charged whenever the card is used overseas. Usually this amount is about 2.75% of the total transaction amount.

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    How to compare low interest rate credit cards

    Here are some of the most important things you should look for when doing a card comparison.

    • Annual fee. Try to find a card that meets your needs and has the lowest annual fee. The annual fee should not be a deciding factor for choosing the right low interest rate credit cards, but if you find two cards that are very comparable the one with the lowest annual fee should win.
    • Interest rate. When you are comparing interest rates you want to look for the lowest APR. This is the annual percentage rate including the annual fee and interest charges. It is especially important to find low interest rate credit cards if you are not able to always pay off your balance in full every month and will probably have to pay some interest charges from time to time.
    • Introductory rates and balance transfers. You may be able to find a great deal on a card with very low introductory rates. Some cards will even offer a 0% interest rate on purchases or balance transfers for a limited amount of time. If you want to transfer a debt over from an existing card, or have a big purchase that you want to make, you may want to look for one of these deals. If you use smart shopping to pick out the right low rate credit cards, you will come out ahead in the end.
    • Revert rate. After the introductory period of your balance transfer or purchase rate, it is essential to know what the rate will revert to. Sometimes it can revert back to the cash advance rate, which on average can up to 20% more. By reading through the terms and conditions properly, you will save yourself from any nasty shocks.
    • Hidden fees and charges. You should find out what types of fees and charges apply to the card. You will be able to find out this information by reading the small print on the website before you fill out your application. You may be charged a fee for using an ATM, for using your credit card abroad or for various other transactions. If you find out all about these charges then you’ll be better prepared to use your card resourcefully.
    • Interest free days. If your credit card doesn’t have an interest free day period then you will immediately get charged interest. Have a look out for any offers like 55 days interest free days, but please keep in mind that these offers usually apply when you’ve paid back the balance in full by the due date listed on your statement.

    What does 55 interest free days really mean?

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    Are low interest rate credit cards suitable for you?

    Low interest rate credit cards are suitable for people that cannot always pay off the balance every month. Many Australians are in that situation right now and that is why these low rate cards are so popular. It is nice to know that you are covered if you can’t make the whole payment one month, and that’s what a credit card is supposed to represent anyway: a form of security when times get a little rough.

    Getting the right credit cards to meet your shopping and repayment needs is key to saving the most money. Credit card policies are not a one size fits all deal. What saves the most money for one consumer might actually cost another consumer hundreds of dollars more than they should be spending.

    You should look into a low interest credit card if this describes your spending and payment habits:

    • You use your card regularly to make frequent purchases
    • You make your payments on time, but typically don’t pay them off in full
    • You have a good, well established, credit history
    • Your income is stable and consistent

    Getting qualified for low interest rate credit cards can be difficult, but it is well worth it if you use your card a lot and tend to have a balance from month to month. You will need to have a strong credit score and credit history to qualify for these cards. If you think you can qualify for them they are well worth the time to look at, since credit card companies are willing to offer better deals in exchange for a reliable consumer base.

    You should consider staying away from low interest rate credit cards if any of this describes you

    • You don’t use your card very often
    • You tend to use your card to make large purchases and pay them off right away
    • You almost always pay your balance in full from month to month
    • You always pay off your balance before the end of interest free periods
    • You are looking for a way to consolidate and transfer your balance to another card
    • You have little or no credit history
    • Your credit history is poor
    • You have had problems in the past making payments on time
    • You have been unable to meet past credit card payments due to a lack of money

    Low interest credit cards do not meet the needs of every consumer. They are great for people who regularly use their credit cards and tend to always carry a balance. Consumers who keep a credit card to use on rare occasions for large purchases should probably not pick a low rate credit card. Especially not if you plan to pay the balance off in a short amount of time – you may be interested in a balance transfer instead.

    More about balance transfers

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    Tips to help you compare and choose a low interest rate credit card

    Low interest rate credit cards imply that, even if you don’t pay off the bill in full each month, you don’t get slammed with big interest charges on the unpaid balance. Choosing a low interest rate credit card can seem like a no brainer. But getting the most benefit can actually require a lot of research.

    • Check for extras. See if there’s a loyalty offer attached. Some banks or building societies will offer an even lower interest rate if you have a current account and a credit card with them, in other words, if you have more of your business with them.
    • What is the nature of your transactions? If you’re going to use your low rate credit cards to get money from an ATM, buy foreign currency or travellers’ cheques, do a little gambling or get cash at the supermarket checkout, look for a card that offers a low interest rate on cash transactions because not all of them do. Otherwise, it’s worthwhile to use your debit card. A debit card avoids any interest charges on cash transactions and there are no handling fees. With some credit cards, it’s good to check out the fine print thoroughly. Some cards make you pay off your purchase and balance transfer transactions before you can pay off your cash transactions.
    • Other fees. Always remember to ask that most basic of questions – is there an annual fee? Don’t make the mistake of thinking the low interest rate on your card is always fixed. Most rates are variable and move in line with changes to the cash rate announced by the Reserve Bank of Australia.

    When low rate cards should stay in your wallet. Low rate cards are not good for large one-off purchases like white ware for the home or big pieces of furniture. If you’re going to make those kinds of purchases, do it with an introductory rate credit card, which sometimes give you 10 months’ worth of credit at a zero interest rate. Nor are low rate credit cards good for balance transfers where you’re trying to consolidate all your credit card debt onto one low rate card.

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    Pros and cons of a low rate credit card

    Pros

    • You pay less interest on purchases you make after the interest free period passes.
    • If you’re a regular credit card user who doesn’t clear their balance each month then you could save a lot in interest charges, compared to a card that has a higher rate.
    • If you want to reduce and consolidate your credit card debt, low interest credit cards can help. You may be able to combine all your credit card balances onto one card and reduce the balance.
    • Sometimes its may be possible to pay zero interest on balance transferred, for a set period of time. If you’re committed to paying off your debt, then a low rate credit card is a good place to start.

    Cons

    • You need to know what type of purchases will qualify for your low interest rate. If your applying for a balance transfer with zero percent, the low introductory rate only applies to amount that you’ve transferred from your previous card.
    • Even with low interest, timely payments are very important, some credit card companies could revoke the introductory rate period and charge a higher rate.
    • You have to do your homework, while low interest rate cards can be a great benefit if used properly, they can a huge disadvantage if you don’t fully understand them.
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    Frequently asked questions

    What is considered a low interest credit card?

    Paul Clitheroe, finance analyst from Money magazine believes that a credit card below 15% p.a. or 15% APR can be considered a low interest credit card.

    I have bad credit - can I still get a low interest card?

    Most credit card providers require a strong credit history to be eligible for a low interest credit card.

    When is purchase interest charged?

    For cards with an interest free period, interest is charged on the last day of your statement period. Purchase interest is charged from the day the transaction takes place until the end of the statement period.

    Are there any low interest rate credit cards suitable for students?

    There are a few, please refer to this page for our student cards.

    What are interest free days?

    Interest free days allow you a grace period to avoid paying interest on your credit card by paying back your credit card balance, in full, by the specified due date.

    Can I avoid paying Interest?

    Yes. If you pay off your purchase within the interest free grace period, then you are paying $0 in interest repayments back on your purchase, no matter how expensive it was. However, interest free/grace periods do not apply to cash advances.

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    How and where can I apply for a low interest card?

    Go back to the top of this page and select a card from the comparison table, then click the Apply button. This will securely transfer you to the relevant banks website, and when you complete the application it will be through their secure online application service. There is no fee for applying from this page.

    How to find the lowest rate credit card listed in our comparison tables

    You can sort through the following credit cards by ranking them in terms of interest rates. By clicking on the arrows you can sort interest rates or annual fees from ascending or descending order so you can find the credit card suited to your financial needs.

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    48 Responses to Low Interest Rate Credit Cards

    1. Default Gravatar
      Kylie | February 3, 2016

      Hi i am in a situation where i am in need of 2000-5000 to pay for a solicitor as i dont have the money. I am looking into credit cards that i can either afford by myself as i am on centrelink or one that my partner and i can get together with his income and mine. What would be the best way to go? As we have never applied for one before. Thank you

      • Staff
        Debbie | February 4, 2016

        Hi Kylie,

        Thanks for your question.
        Please note that you’ve come through finder.com.au and as a financial comparison service, we’re unable to recommend any specific product, service or strategy to our users as the ‘best’ option will always depend on the individual’s financial situation and needs.

        Whether you can apply for a credit card will depend on how much you earn per year and what type of Centrelink payments you receive.

        You might need to get in touch with the preferred card provider directly to confirm your likelihood of approval before applying.

        I hope this helps.

        Cheers,
        Debbie

    2. Default Gravatar
      | November 19, 2015

      Do you no anyone that will help people on disability pensioner with below average credit score to get a low limit credit card with below average credit score to rebuild my credit rating and give me a second chance

      • Staff
        Jonathan | November 20, 2015

        Hi Rhys, thanks for your inquiry!

        You can compare low income credit cards here which have lower requirements than higher tier credit cards.

        Cheers,

        Jonathan

    3. Default Gravatar
      Shani | August 5, 2015

      I have an existing credit card with a balance of 9000.I am looking to transfer to a new card which has 0% on balance transfers and a low interest rate with 55 days interest free. I can pay the balance off in about 12 months or less

      • Staff
        Jonathan | August 6, 2015

        Hi Shani, thanks for your inquiry!

        Please refer to the this page for how much banks allow you to balance transfer to their credit cards. It is a key point to note no interest-free days will be awarded when you have an outstanding balance, so until your balance transfer debt has been fully cleared you will be unable to utilise this feature. You may like to compare balance transfer credit cards on this page.

        Cheers,

        Jonathan

    4. Default Gravatar
      Majella | July 26, 2015

      Is there a low rate credit card for pensioners?

      • Staff
        Jonathan | July 27, 2015

        Hi Majella, thanks for your inquiry!

        Credit card eligibility for pensioners depends on whether you meet the application requirements. Generally the bank/ lender will request a specific minimum income per year. If your primary form of income is through Centrelink/ pension benefits, contacting the bank before completing the application process to determine whether Centrelink qualifies as a form of income would be ideal.

        Cheers,

        Jonathan

    5. Default Gravatar
      Jenna | June 29, 2015

      I am traveling overseas for 12 months in Oct this year to the USA. I have loan approval for money I really don’t need the full amount of (or the stupidly high interest rate) someone suggested I get a low interest credit card to take with me or emergencies and small purchases?

      Can you suggest a low interest rate card I can use whilst overseas?

      • Staff
        Sally | June 29, 2015

        Hi Jenna,

        Thanks for your question.

        As a financial comparison service, we can’t actually suggest one particular product to our users.

        However, you may want to consider a card with no annual fee, no foreign transaction fees and no currency conversion fees.

        You can compare your options on our comparison page.

        I hope this has helped answer your question.

        Thanks,

        Sally

    6. Default Gravatar
      jlb | June 5, 2015

      I want a low interest credit card for purchase of sewing machine
      I won’t be able to pay back in full for the first few months
      however I endeavour to pay off as quick as possible after 6 months.
      What are some options please

      • Staff
        sally.mcmullen@hiveempire.com | June 5, 2015

        Hi Jlb,

        Thank you for your question.

        If you think you’ll have difficulty paying off your credit card each month, a low interest rate credit card may be of value to you.

        Please visit our Low Interest Rate Credit Cards comparison page here.

        I hope this has answered your question.

        Thanks,

        Sally

    7. Default Gravatar
      Kristy | June 3, 2015

      Hi,

      I am wanting to purchase a caravan for $10,000. I’ve looked into personal loans but am also considering credit card as interest can be lower. What would you suggest on a type of credit card?

    8. Default Gravatar
      Diane | May 27, 2015

      If we move our balance to a new credit card do we have to close the account it came from?

      • Staff
        Jonathan | May 27, 2015

        Hi Diane, thanks for your inquiry!

        That is correct, it is the primary cardholders responsibility to close the existing credit cards when transferring to a new credit card.

        Cheers,

        Jonathan

    9. Default Gravatar
      shareen | April 1, 2015

      what are my chances of getting a credit card when im not getting a weekly wage only fortnightly payments from centrelink

      • Staff
        Jonathan | April 1, 2015

        Hi Shareen, thanks for your inquiry!

        Please see the following link for loans for people on Centrelink benefits. Depending on the lender they may have a minimum income requirement or assess the individual’s ability to repay the loan on their specific lending criteria.

        Cheers,

        Jonathan

    10. Default Gravatar
      Jason | December 9, 2014

      We received an email about a card where you get 6 Months Interest Free on all purchases over $250 and you can buy at retailers who offer Interest Free. It is a Once Agile Visa Card. Do you think this would be better ongoing as a card or keep doing balance transfer swaps to new cards with 0% interest offers.

      • Staff
        Elizabeth | December 10, 2014

        Hi Jason,

        Thanks for your question.

        Unfortunately I really can’t comment on whether one card is better than the other, as the best card for you will depend on your needs and situation. Six months interest free can be good cards if you’re looking to make purchases for that period. Keep in mind that for your other suggestion, card providers can see all the cards you’ve recently been approved for and applied for, and applying for multiple cards in a short period of time can negatively affect your credit rating.

        I hope this has helped.

        Thanks,

        Elizabeth

    Credit Cards Comparison

    Rates last updated February 5th, 2016
    Complimentary Travel Insurance Cover Bonus Points Points per $ spent Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
    St.George Vertigo Platinum
    A platinum card with a low interest rate on balance transfers and purchases with a low annual fee.
    6 months VISA/MC: 0 AMEX: 0 0% p.a. for 3 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.
    1 14.99% p.a. 0% p.a. for 12 months $0 p.a. Go to site More info
    NAB Premium Card
    Long term balance transfer offer with premium benefits such as travel insurance.
    6 months VISA/MC: 0 AMEX: 0 0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months $90 p.a. Go to site More info
    HSBC Platinum Credit Card
    Receive $0 annual fee every year if you meet the spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
    4 months VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 15 months $0 p.a. Go to site More info
    Bank of Melbourne Vertigo Visa Credit Card
    One of the lowest rate balance transfer deals combined with a low on-going purchase rate.
    VISA/MC: 0 AMEX: 0 0% p.a. for 3 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 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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