Which Is The Most Popular Credit Card In Australia?
Posted February 25th, 2010 and last modified December 28th, 2011Discover some of the best credit cards currently available in Australia. Understand that you must weigh up your own personal circumstances to accurately assess which card is best for you.
The question of which is the best credit card will be answered differently depending on who’s asking and the individual circumstances. This is a very personal matter that depends on what it is that you want your credit card to do. Are you after a cheap balance transfer? A zero annual fee? A low ongoing interest rate? Are you looking to build up Frequent Flyer points? Do you need a platinum credit card with all its associated perks? The best credit card for one person may be the worst for another person.
Contenders for best credit card
However, to more helpful, the following cards can be considered amongst the top contenders across several categories:
The ongoing purchase rate is just 0% p.a. for 3 months (reverts to 13.24% p.a.), meaning it’s one of the best credit cards for a cheap interest rate. It also has a low annual fee of $58
The St.George Vertigo MasterCard is offering an introductory deal of 0.99% p.a. for 12 months on balance transfers and 13.24% p.a. on purchases. Money Magazine named this card Best Balance Transfer Credit Card 2009 and Cheapest Credit Card 2008. At the end of the six months you will also enjoy one of the lowest interest rates on the market at 13.24% p.a., and the annual fee for this is $55.
This is offering a fantastic 4.99% p.a. for 12 months on balance transfers, which makes it one the best credit cards for balance transfers. After that, you will benefit from the lowest interest rate available – a minuscule 10.99% p.a.. The annual fee on this gem is $69.
This has the same balance transfer offer as the Bankwest Breeze, and the same low ongoing rate of 10.99% p.a., but you also receive all the usual platinum perks such as free travel and accident insurance and purchase protection. The annual fee for this card is $130.
It offers 0% p.a. for 6 months with 2% handling fee on balance transfers, but the best part is that there is no annual fee on this card, guaranteed for life
This is fairly new on the market and is already considered one of the best credit cards for retail rewards with a tiered points system that rewards you more for being loyal to Woolworths Group stores, but awards points no matter where you shop. There is no annual fee for the first year and only $49 per year thereafter. You can also enjoy 5.99% p.a. for 6 months on balance transfers.
This is perhaps the best credit card in the platinum category because it thinks it’s a regular credit card when it comes to rates and fees. It is currently offering 2.9% p.a. for 12 months on balance transfers, a really low 11.99% p.a. on purchases, and an annual fee of $99.
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Check out today's featured offers:
| Westpac Low Rate | Citibank Clear Platinum | Qantas AMEX Discovery | ANZ Platinum |
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0% p.a. for 6 months on purchases & balance transfers |
2.9% p.a. for 12 months |
$0 annual fee Up to 10,000 Bonus QFF Points |
0% p.a. for 6 months on purchases & balance transfers |
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