New Credit Card Offers 2016

Information verified correct on October 27th, 2016

Card issuers are releasing new card deals every week. Keep informed by regularly checking this page so you can get a competitive offer the moment it’s released.

New credit card offers are released by banks all of the time. Lenders want to keep their portfolios of card options up to date and fresh, so we’ve highlighted some new card offers worth looking into. Check back often, as new deals are posted frequently. Doing so will help you to find the card that’s right for you.

How do these new credit card offers work?

New credit card offers often come with a wide array of features. Some of these cards can focus on balance transfers, purchase rate promotions, waived annual fees and more. If you see a card that you like after comparing your options of new credit card offers, simply click the ‘More info’ button on the comparison table. If you like what you see all you have to do is follow the secure link on the card review page to be taken to the card issuer’s website to fill out an application form.

New Credit Card Offers

Rates last updated October 27th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Explorer Credit Card
Receive 100,000 Membership Rewards Bonus Points on eligible spend within the first 2 months of Card Membership. Also enjoy a $400 travel voucher and two complimentary airline passes per year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $395 p.a. Go to site More info

How you can compare new credit card offers

How you should compare a new credit card offer will depend on the type of card benefit you are looking for. Some of these benefits include:

  • Balance transfer rate deals
    If you find yourself looking for a card that offers a balance transfer, you will want to take note of the balance transfer rate and time period that the rate is offered for. You will be able to discern how much money you can save by bringing your balances over to the card by doing this. The annual fee is another aspect you should look at. Remember, a high annual fee is not always bad if the card’s other features offer a lot of value. You should consider the revert rate also. This is the price you will pay if you do not pay off your balance within the promotional period. If the balance transfer rate, revert rate, time period and annual fee are to your liking you should finally look at the other features offered with the card. This includes complimentary concierge or insurance policies, the purchase rate and anything else you may use.
  • Purchase rate deals
    Cards with promotional purchase rates can be handy if you plan on paying off the balance of a purchase within a specific time frame. Think about the purchase you may make with the card and calculate how much money you are likely to save with the promotional purchase rate. Make sure that you look at what the rate will revert to if you find yourself not able to pay off the purchase during the promotional period. After looking at these aspects of the card it would be a good idea to decide if the annual fee fits into your budget. Finally, take time to compare the extra features that come along with the card, such as insurance or concierge services, and rewards programs.
  • Frequent flyer and rewards card deals
    The first thing to compare when looking at a rewards card is the earn rate. Does the earn rate stack up favourably to the annual fee. Based on how much you spend each year, calculate how many points you will be earning. This will give you a good idea of what rewards you are likely to receive. If the actual value of the rewards you will earn with this card is less than the annual fee, this type of card may not be the best option for you. After looking at the rewards structure you should compare the number of interest free days that come with the card, or the general interest rate you will be paying on purchases. Much like the other types of cards, after deciding if these major features are right for you, the extra perks and benefits should be taken into account. Rewards cards can be saddled with high fees, but using the rewards program and extra perks to your benefit can bring much more value to your card membership experience.

What to avoid with new cards

  • Before choosing a new credit card offer, make sure that you have a good idea of what you are looking for. You would not want to apply for a card that you do not actually need only because it has a tantalising feature that catches your eye.
  • When using a balance transfer card, make sure that you pay off the balance before making new purchases. Also, moving a balance to a new card does not close the old one. You will have to do this yourself in order to avoid paying the annual fee again on your old card.
  • Purchase rate cards should only be used when you know that you can pay off the balance within the promotional rate period. Making a large purchase and not paying it off on time can be a huge hit to your wallet, as the revert rate on promotional cards can be quite high.
  • Rewards cards can be useful if you use the card correctly. Avoid paying interest on your purchases, and certainly avoid making purchases for the sole purpose of earning points. Remember, if the fees and interest payments you are paying for are not less than the value of the rewards you are getting, you are not using the card to your maximum benefit.

FAQ about new credit card deals

  • Is applying through safe?

Yes - we take your security very seriously. Clicking the application links on our product review pages brings you directly to the card issuer’s website.

  • Will this page update with new offers over time?

This page will update with new offers from credit card issuers periodically. We work hard to provide you with up to date information on credit card options, and will keep you in the loop on what’s out there if you come back and check this page often.

  • What is the most convenient way to apply for a credit card?

The best way to apply for a credit card is to first compare your options, and when ready, click the ‘Go to site’ button on the product page or comparison table. This will bring you to a convenient online application hosted on the credit card issuer’s website.

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2 Responses to New Credit Card Offers 2016

  1. Default Gravatar
    steve | February 17, 2014

    I am retired, but travel once a year. Looking for a card with travel insurance for my wife & myself.
    I always pay on card due date. Rewards are good. Looking for a card less $100 annually. please advise which card or 2. Thanks

Credit Cards Comparison

Rates last updated October 27th, 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
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
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 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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