Student Credit Cards

Photo of students

As a student you can access special offers from banks which have special features for students, as well as student credit cards for over 18’s. Banks that have credit card offers to tertiary students over 18 include:

  • Commonwealth Bank - No annual fee on credit cards with their “Student Options”. They require you to have a Streamline Account (their everyday savings account).
  • Westpac - Westpac offers a Student Visa Card with easier application approval requirements for students, such as if you’re only working part time, or are moving frequently. If you don’t fit into either of these categories, another may be more appropriate as the interest rate of 19.45% is relatively high.
  • BankWest - Offers a low interest BankWest Lite MasterCard student credit card. It’s offered to tertiary students over 18 who have studied at Western Australia uni for at least 2 years. This offer is open to BankWest Student Account holders only.

Commonwealth Bank and BankWest require that you have a savings account with their bank to qualify for savings. If you currently have a savings account with another bank, you’ll need to consider whether it’s worth switching banks to benefit from these savings.

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These student credit card offers are only recommended for students who are having relatively bad issues with money, residence and work in relation to non-students of their own age. If the student isn’t impeded by any of these issues, they would almost surely benefit more from a regular low interest rate credit card.

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Avoid Credit Card debt but not overspending with the ANZ Visa Debit Card. You can only spend whats in your bank account but you still receive the benefit of the entire VISA network, thus allowing a student to use it like a credit card. Photo thanks to Alexander Redmon from Texas, US.



Comparison of Top 9 Credit Card Offers

Credit Card Card Details Purchase Rate Cash Advance Rate Balance Transfer Rate Annual fee Interest free days
St George Vertigo MasterCard Application
St George Vertigo
11.89% p.a. on purchases. Winner of Money Magazine’s Award for Cheapest Credit Card. 11.89% 20.49% 0% for 6 months $45 55
Aussie MasterCard Application
Aussie MasterCard
0% p.a. balance transfer for 6 months. 11.99% 15.99% 0% for 6 months $49 55
Citibank Clear Card Application
Citibank Clear Card
11.99% p.a. on purchases. 11.99% 20.74% 0% p.a. for 6 months $65 55
ANZ Low Rate MasterCard
ANZ Low Rate MasterCard
0% p.a. balance transfer for 6 months. 12.99% 18.24% 0% for 6 months $58 55
St George Starts Low Stays Low Credit Card
St.George Starts Low 12.99% Stays Low Credit Card
0% p.a. balance transfer for 6 months. 12.99% 12.99% 0% for 6 months $59 55
Commonwealth Bank Low Rate Credit Card
Commonwealth Bank Low Rate Card
5.99% p.a. balance transfer for 5 months. 13.24% 13.24% 5.99% for 5 months $48 55
ANZ Balance Visa Card Application
ANZ Balance Visa Card
1 Reward Point for every $1 you repay to your balance. 13.99% 20.99% 0% for 6 months $57 55
Citibank BP MasterCard Application
Citibank BP - MasterCard
5% off your petrol and and everything else you buy at BP. 1% off everything else you buy anywhere. 19.89% 19.89% 2.90% for 12 months $79 55
GE Money eco MasterCard Application
GE Money eco MasterCard
0% p.a. balance transfer for 6 months. Every dollar spent contributes to reforestation, renewable energy, and other environmental initiatives. 18.49% 19.99% 0% p.a. for 6 months $49 55

8 Responses

  1. belinda Says:

    I want a tertairy student credit card i am no working i am on centrelink payments, no one wants to support me financialy, i have asked for loans and i have been turned down i am all out of options and the government wont pay for a second grant as i have had one before,and the course i did was a flop so how am i suppose to get an education, nothing is free anymore.Please Help Thankyou

  2. Andrew Luu Says:

    Belinda,
    Sounds like your in between a rock and a hard place. Which student credit cards have you applied for ? and is there any specific reason why you need credit ? would love to hear your response as i bet there are many students just like you… And I’m always looking to help students.

    Andrew.

  3. eleni Says:

    i’m in the same position too. I am also receiving centelink benefits and it’s very difficult to find anybody willing to help me. I personally do not know anybody with a good credit background which makes it even harder. I’d only need the money to buy myself a decent computer and textbooks. my centrelink allowance really doesn’t cover the cost of textbooks…

  4. ally Says:

    does anyone know of a company that will approve of a credit card application if you are only receiving payments by centrelink??

  5. Andrew Luu Says:

    Hi guys,
    Theres actually a few banks and financial institutions that do student credit cards. Links are below let me know how you all go.

    http://www.westpac.com.au/internet/publish.nsf/Content/PBTSYC+Student

    or

    http://www.apesma.asn.au/services/student_american_express.asp

  6. Andrew Luu Says:

    OR… one last place i’ve found is at NAB. they do a tertiary Student package. http://www.nab.com.au/Personal_Finance/0,,9712,00.html

    Hope this helps guys.

  7. Andrew Luu Says:

    Or NAB also do a Student personal loan..

    http://www.nab.com.au/Personal_Finance/0,,9113,00.html

  8. Trick Says:

    Forget Westpac - I applied for a $300 Student credit card and they declined. I have a good credit rating and they would not tell me why they declined.Have been with them for 5 years. Not happy Jan.

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