Smart Cards – Visa PayWave and MasterCard PayPass Contactless Credit Cards

Information verified correct on June 28th, 2016
smart card Able to detect a credit card reader and to store information, Smart cards and Contactless credit cards certainly redefine consumer transactions.

Smart Cards & Contactless Credit Cards available in Australia

Smart cards are the newest innovation in credit card security. These cards contain an embedded integrated circuit chip that is either a secure micro controller or a device with internal memory. By using direct contact or remote contactless radio frequency the card interfaces with a reader whenever you make a transaction. These cards are able to store significant amounts of information and carry out certain functions like encryption and mutual authentication. They can even interact in an intelligent fashion with the smart card reader.

Technology of smart cards

Smart cards conform to international standards, ISO/IEC 7816 and ISO/IEC 14443. They are available in many forms cards, fobs, and SIMS (subscriber identification modules) in GSM mobile phones, and USB tokens.

Contact or contactless:

  • Contact cards need to be inserted or swiped in a smart card reader that has a direct connection to a conductive contact plate on the surface of the cards. These physical contact spots transmit the commands, data, and card status.
  • Contactless cards only need to be close to the reader. The card and the reader both have antennae and communicate through radio frequencies. The range is about one -half to three inches making them good choices for things that need a fast card interface.

Visa PayWave Contactless Credit Cards Comparison

Rates last updated June 28th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
ANZ First Visa Credit Card - Exclusive Offer
Enjoy making contactless payments plus receive a 0% p.a. for the first 12 months on balance transfers and 0% p.a. for the first 3 on purchases.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $30 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
St.George Amplify Platinum
This card features a balance transfer rate of 12% p.a. for 18 months, 1% p.a. for months on purchases and an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $0 p.a. annual fee for the first year ($99 p.a. thereafter) Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 20 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. Go to site More info
Citi Simplicity Card
Enjoy a interest-free days and a low interest rate on purchases plus enjoy free bottles of wine from Citibank Dining Program. Offer ends on 31 March 2017.
11.99% p.a. for 24 months (reverts to 19.99% 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
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 18 months and 1% p.a. for 12 months on purchases.
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 Qantas Credit Card
Receive 40,000 bonus Qantas Points on eligible spend within 3 months. A balance transfer offer of 0% p.a. for 6 months with access to premium benefits and complimentary insurance.
19.99% p.a. 0% p.a. for 6 months $199 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn bonus Velocity Points in the first 3 months. 0% p.a. for 18 months on balance transfers.
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
ANZ Low Rate
Save with a low rate on purchases and balance transfers with a low annual fee and ongoing purchase rate.
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $58 p.a. Go to site More info
Citi Rewards Credit Card - Platinum Card
For high debt that needs a longer time to be repaid, this low, long term balance transfer offer may appeal. A popular and prestigious Platinum card offer.
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
NAB Premium Card
Enjoy a low interest rate on balance transfers and purchases. Benefit from platinum credit card advantages.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $90 p.a. Go to site More info
ANZ First Visa Credit Card
ANZ First allows you to pay conveniently with Visa PayWave. Get $200 back when you spend $500 in the first 3 months.
19.74% p.a. $30 p.a. Go to site More info
ANZ Platinum Credit Card
Receive $200 back when you spend $500 in the first 3 months. Pay conveniently with Visa Paywave and take advantage of $0 annual fee for the first year.
19.74% p.a. $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
Bank of Melbourne Vertigo Platinum
A platinum card with a low balance transfer offer of 0% p.a. interest for 20 months and 1% p.a. for 12 months on purchases combined with complimentary insurances and annual fee waiver in the first year.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $0 p.a. annual fee for the first year ($99 p.a. thereafter) Go to site More info
BankSA Vertigo Platinum
Enjoy 0% balance transfer rate for 20 months and 1% purchase rate for 12 months if you apply and are approved by 29 September 2016.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. Go to site More info
BankSA Vertigo Visa
A low interest rate card with a low annual fee, a long term balance transfer offer and an introductory offer of 1% p.a. for 12 months.
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
Virgin No Annual Fee Credit Card
No annual fee for the life of the card with $100 cashback and a 0% p.a. offer on balance transfers for 18 months. Spend criteria applies for cashback offer.
18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee $0 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Receive 0% p.a. for 12 months on purchases, 0% p.a. for 6 months balance transfers and a reduced flight offer up to four times a year.
0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Receive 30,000 bonus Velocity Points and earn 1 Velocity Points per $1 spent. Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
20.74% p.a. 0% p.a. for 6 months $144 p.a. annual fee for the first year ($289 p.a. thereafter) Go to site More info
Citi Prestige Card
Receive 70,000 bonus points on your first spend and a low interest rate on balance transfers.
20.99% p.a. 0% p.a. for 6 months $700 p.a. Go to site More info
Westpac 55 Day Platinum Credit Card
Enjoy platinum benefits offering complimentary insurances, 24/7 concierge, balance transfer offer of 0% p.a. for 16 months with $0 annual fee for the first year.
19.84% p.a. 0% p.a. for 16 months $0 p.a. annual fee for the first year ($90 p.a. thereafter) Go to site More info
Westpac 55 Day credit card
Enjoy a balance transfer offer of 0% p.a. for 14 months with an annual fee of $0 for the first year.
19.84% p.a. 0% p.a. for 14 months $0 p.a. annual fee for the first year ($30 p.a. thereafter) Go to site More info

MasterCard PayPass Contactless Credit Cards Comparison

Rates last updated June 28th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Coles Low Rate MasterCard
A low rate MasterCard with a competitive rate on purchases and a low annual fee.
9.99% p.a. 0% p.a. for 6 months $49 p.a. Go to site More info
Commonwealth Bank Low Rate Credit Card
$250 cash back offer if you apply by 30 June 2016 and spend $500 on eligible purchases by 31 July 2016. This card offers a low ongoing rate of 13.49% p.a. on purchases with low annual fee of $59.
13.49% p.a. 5.99% p.a. for 5 months $59 p.a. Go to site More info
Bankwest Breeze Gold MasterCard
Receive premium card benefits, complimentary travel insurance and enjoy 5% cash back* (up to $300) on eligible purchases. Terms and conditions apply.
12.99% p.a. 2.99% p.a. for 9 months $89 p.a. Go to site More info
ANZ Low Rate
Enjoy a low rate on your everyday purchases.
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $58 p.a. Go to site More info
Bankwest Breeze MasterCard
Enjoy a 5% cash back* offer for a limited time, 2.99% for 9 months on balance transfers and up to 55 interest-free days on purchases.
12.99% p.a. 2.99% p.a. for 9 months $59 p.a. Go to site More info
Coles No Annual Fee MasterCard
Pay no annual fee ever. Plus earn 0.5 flybuys point for every $2 you spend everywhere.
19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
Commonwealth Bank Low Fee Credit Card
A low fee credit card with $0 annual fee for the first year combined with up to 55 interest-free days on purchases.
19.74% p.a. 5.99% p.a. for 5 months $0 p.a. annual fee for the first year ($29 p.a. thereafter) Go to site More info
Bankwest Breeze Platinum MasterCard
Enjoy no foreign transaction fees on online and overseas purchases, complimentary travel insurance and enjoy 5% cash back* (up to $300) on eligible purchases. Terms and conditions apply.
12.99% p.a. 2.99% p.a. for 9 months $99 p.a. Go to site More info
Commonwealth Bank Low Rate Gold Credit Card
Take advantage of the $250 cash back offer if you apply by 30 June 2016 and spend $500 on eligible purchases by 31 July 2016. 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. Go to site More info
Commonwealth Bank Platinum Awards Credit Card
Enjoy 80,000 bonus CommBank Awards points when you apply by 30 June 2016 and spend $1,000 on eligible purchases by 31 July 2016. Earn up to 2.5 Awards points per dollar spent and receive complimentary international travel insurance.
20.24% p.a. 5.99% p.a. for 5 months $249 p.a. Go to site More info
Commonwealth Bank Awards Credit Card
Dual credit card with balance transfer offer of 5.99% p.a. for 5 months and earn up to 1.5 Awards points per dollar spent.
20.24% p.a. 5.99% p.a. for 5 months $59 p.a. Go to site More info
Commonwealth Bank Diamond Awards Credit Card
Receive 80,000 bonus CommBank Awards points when you apply by 30 June 2016 and spend $1,000 on eligible purchases by 31 July 2016. Earn up to 3 Awards points per $1 spent.
20.24% p.a. 5.99% p.a. for 5 months $349 p.a. Go to site More info
ANZ Low Rate Platinum Credit Card
A low interest rate on purchase with up to 55 days interest free.
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $99 p.a. Go to site More info
Emirates Citi World MasterCard
Enjoy up to 10% off Emirates flights on your first spend when you book before 31 December 2016. Also pay a reduced 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) Go to site More info

Dual interface cards and Hybrid cards

  • Hybrid cards have two chips. One for contact and one for contactless interface, these to chips are not connected.
  • Dual-interface card has on chip that has both contact and contactless interface.

Chips technology used in smart cards are either: micro controller chips or memory chips

  • The memory chip is similar to a floppy disk with added security. They are less expensive and have a less security control then micro controller chips.
  • Micro controller chips have the ability to delete, add, and manipulate the data in its memory. It works like a mini computer that has an input and output port, an operating system, and a hard disk.

Choosing the technology of a smart card depends upon many issues including how it will be used, the market it will be used in, the budget set for it in your business model, and the plan for shared application cards.

How are these cards used?

  • Secure identification like employee badges, citizen identification documents, electronic passports, online authentication, and drivers licenses.
  • Healthcare applications like portable medical records and patient or physician identification cards.
  • Payment applications with credit or debit cards and transit payment cards.

Smart cards are the wave of the future. It is not science fiction to think that in the very near future we will all have one card that contains all of our personal, financial, and medical information stored on it.

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2 Responses to Smart Cards – Visa PayWave and MasterCard PayPass Contactless Credit Cards

  1. Default Gravatar
    Hans | July 24, 2013

    Are there any cards WITHOUT Paywave? Or that allow Paywave to be disabled?

    • Staff
      Jacob | July 24, 2013

      Hi Hans. All cards now come with chip and contact-less technology. If you’re concerned about security with your card you may be interested in a wallet for your card which blocks the signal from your card to the card reader. You can find and order these wallets online. Jacob.

Credit Cards Comparison

Rates last updated June 28th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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. 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 Interest Visa Card offers 0% p.a. purchase and balance transfer offers for 15 months. 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 2% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 40,000 bonus Qantas Points on eligible spend within 3 months. A balance transfer offer of 0% p.a. for 6 months with access to premium benefits and complimentary insurance.
19.99% p.a. 0% p.a. for 6 months $199 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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