Best Australian Credit Card

From premium credit cards that offer points and other perks to 0% interest options and no-frills accounts, here’s how to find the best Australian credit card for you.

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Everyone has a different opinion about which credit card is the best option in Australia. For some people, it could be a frequent flyer card that offers thousands of introductory bonus points, while for others it could be a balance transfer card that offers 0% p.a. for 24 months or more. There are also people that prefer high-end cards with premium perks, or those who think no-frills cards with low ongoing costs are ideal.

What all of these options show is that the best credit card actually varies depending on your goals, needs and preferences. So instead of rushing to apply for a card that someone else has singled out as the “best Australian credit card”, you can use this guide to compare different options based on your goals and find a card that works for you.

How to find the best Australian credit card for you

The key to finding the best credit card for you is to think about why you want a credit card and what you'll use it for. To get started, think about the following questions:

  • What is the main reason for getting a credit card? Is it to pay off existing debt, earn rewards or enjoy perks such as complimentary travel insurance? Once you have narrowed down your focus, you can start looking at cards that offer these particular features.
  • Will I carry a balance? Credit cards attract interest charges if you don't pay off your account at the end of each statement period. So if you want the flexibility to pay off your balance over time, you could look at cards with low ongoing interest rates to help keep costs down.
  • How much am I willing to pay in fees? As well as charging interest when you carry a balance, most Australian credit cards have an annual account fee. This could be as low as $25 or as high as $700 or more, depending on the card. So think carefully about how much you want to pay for the card and weigh this against the value you could get from any extras such as rewards or complimentary insurance.

Once you have answered these questions, you can compare credit cards based on your goals.

Compare some of the best credit cards

Rates last updated October 15th, 2019
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate Product Description
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
Up to 55 days on purchases
$129 p.a.
0% p.a. for 22 months
Annual Fee Refund & Balance Transfer Offer*
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
Qantas Premier Platinum
19.99% p.a.
Up to 55 days on purchases
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
0% p.a. for 18 months
120,000 bonus Qantas Points & Balance Transfer Offer
Get up to 120,000 bonus Qantas Points (20,000/month) when you spend $1,500/month for the first 6 months. Plus, complimentary lounge passes.
Latitude 28° Global Platinum Mastercard
21.99% p.a.
Up to 55 days on purchases
$0 p.a.
International Shopping Credit Card
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.
ME frank Credit Card
11.99% p.a.
Up to 55 days on purchases
$0 p.a.
Low Rate Credit Card with No Annual Fee*
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Citi Rewards Platinum Credit Card - Exclusive Offer
0% for 13 months, reverts to 21.49% p.a.
Up to 55 days on purchases
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
0% p.a. for 13 months
0% p.a. Purchase & Balance Transfer Offers*
Finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
Up to 44 days on purchases
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 18 months
0% Balance Transfer Offer for 18 months & up to 70,000 bonus Velocity Points*
Earn up to 70,000 bonus Velocity Points when you meet the spend requirement. Plus, save with a 0% interest for 18 on balance transfers.
Bendigo Bank Low Rate Mastercard
11.99% p.a.
Up to 55 days on purchases
$45 p.a.
0% p.a. for 18 months with 2% balance transfer fee
Low Rate Credit Card*
Take advantage of 0% p.a. for 18 months on balance transfers, plus a low variable purchase interest rate of 11.99% p.a. on purchases.
HSBC Platinum Qantas Credit Card
19.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
0% p.a. for 12 months
$0 First Year Annual Fee & Balance Transfer Offer*
Save with a $0 first year annual fee and a long-term balance transfer offer. Plus, complimentary travel insurance.
Qantas American Express Ultimate Card
20.74% p.a.
Up to 44 days on purchases
$450 p.a.
0% p.a. for 12 months with 1% balance transfer fee
120,000 bonus Qantas Points & $450 Qantas Travel Credit*
Get 120,000 bonus Qantas Points. Plus, a $450 Qantas Travel Credit and 2 complimentary Qantas Club lounge invitations per year.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
Up to 44 days on purchases
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 22 months with 1% balance transfer fee
Long-Term Balance Transfer Offer*
Save with a 0% p.a. interest rate on balance transfers for the first 22 months, with a 1% balance transfer fee. Plus, a reduced $64 first year annual fee.
St.George Vertigo Classic - Exclusive Offer
0% for 14 months, reverts to 13.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 6 months
Introductory Purchase Rate and $0 Annual Fee Offer*
Finder Exclusive:
Low rate card offering 0% p.a. interest on purchases for the first 14 months and on balance transfers for 6 months. Plus, a $0 first year annual fee.
Citi Clear Platinum Credit Card
0% for 9 months, reverts to 14.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
0% p.a. for 9 months
Platinum Credit Card with a Low Interest Rate*
Enjoy a $0 first year annual fee and a 0% introductory rate on purchases and balance transfers. Plus, complimentary purchase insurance cover.
Latitude Low Rate Mastercard
9.89% p.a.
Up to 55 days on purchases
$69 p.a.
Low Rate Credit Card Offer*
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.
St.George Vertigo Platinum
0% for 15 months, reverts to 12.99% p.a.
Up to 55 days on purchases
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Low Rate Platinum Credit Card Offer
Features an introductory 0% p.a. purchase rate, $49 first year annual fee and complimentary travel insurance covers.
Citi Rewards Platinum Credit Card - Balance Transfer Offer
21.49% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
0% p.a. for 26 months with 1.5% balance transfer fee
Balance Transfer and First Year Annual Fee Offer
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 26 month balance transfer offer, plus $0 first year annual fee.
St.George Amplify Platinum - Qantas
19.74% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 6 months
Discounted First Year Annual Fee & Balance Transfer Offer*
Receive 60,000 bonus Qantas Points when you spend $2,000 within 90 days and earn 0.5 Qantas points per $1 spent.
Citi Rewards Platinum Credit Card
21.49% p.a.
Up to 55 days on purchases
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
0% p.a. for 15 months with 1% balance transfer fee
Bonus Points & Balance Transfer Offer
80k bonus Citi reward Points when you spend $3,000 in 90 days and 40k the second year, up to 120,000 total. 120k Points = 48k Velocity Points.
St.George Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 18 months
Low Annual Fee with Balance Transfer Offer*
Get 0% p.a. interest for up to 18 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
BOQ Low Rate Visa Credit Card
13.49% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 14 months
A no-frills card offering 0% on balance transfers for the first 14 months with no balance transfer fee. Plus, a competitive purchase interest rate.
BOQ Platinum Visa Credit Card
20.74% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 12 months
Enjoy 1,000 bonus Q Rewards points monthly when you meet the spend requirement, a 12-month balance transfer offer and $0 first year annual fee.
Qantas Premier Everyday
19.99% p.a.
Up to 55 days on purchases
$29 p.a. annual fee for the first year ($49 p.a. thereafter)
0% p.a. for 12 months
0% Balance Transfer & Bonus Points Offer
Get up to 42,000 bonus Qantas Points (7,000/month) when you spend $1,000/month for the first 6 months. Plus, complimentary insurance covers.
Westpac Low Rate Card
2019 Winner
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 16 months
0% p.a. Balance Transfer Offer*
A no frills, low rate card offering 0% p.a. interest on balance transfers for the first 16 months, with no balance transfer fee. Ends 15 October 2019.
HSBC Platinum Credit Card
0% for 12 months, reverts to 19.99% p.a.
Up to 55 days on purchases
$129 p.a.
0% p.a. for 12 months
Annual Fee Refund & Balance Transfer Offer*
0% p.a. on purchases and balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
NAB Qantas Rewards Signature Card
19.99% p.a.
Up to 44 days on purchases
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
0% p.a. for 6 months with 2% balance transfer fee
Bonus Qantas Points Offer*
Collect up to 120,000 bonus Qantas Points. Get 90,000 when you spend $3,000 on eligible purchases in the first 60 days and 30,000 after 12 months.

Compare up to 4 providers

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Different types of credit cards

Most credit card websites and comparison services separate cards based on different features. This can help you narrow down your search for a credit card when you know what you want. If you're still not sure what type of credit card is right for you, here's a brief rundown of some of the most popular credit card categories in Australia.

Balance transfer credit cards

If you're struggling to repay an existing credit card debt, you can transfer your balance to a card with 0% on balance transfers. You can then pay off your debt faster without paying any interest for a promotional period. The introductory period will vary from card to card, but it's not uncommon to come across cards with interest-free periods from 12 to 24 months or more.

At the end of the promotional period, any remaining debt will collect the revert rate (which is usually the standard cash advance or purchase interest rate). This means you should pay more than the minimum repayment and aim to clear the entire debt before the introductory offer ends. Please note that these cards often come with annual fees and balance transfer fees (which is usually 2%-3% of the balance transfer amount).

Frequent flyer credit cards

If you're a regular traveller and big spender, you could consider a frequent flyer credit card that'll earn points for every dollar you spend. In Australia, some of the most popular frequent flyer credit cards are linked to the Qantas Frequent Flyer program or Virgin Australia's Velocity frequent flyer scheme. Many of these cards offer thousands of bonus points on sign up and when you meet the spend requirement, which can help you boost your points balance. You'll also earn points for every $1 you spend on eligible purchases, although the specific earn rates will vary between cards. Once you've earned enough points, you can redeem them for flight rewards, flight upgrades, accommodation, travel packages and more.

Designed to suit travellers, these cards also often come with travel-centric perks including complimentary international travel insurance, airport lounge passes, travel credits or complimentary flight vouchers and concierge services. Although these cards are packed with perks, they usually come with higher annual fees and purchase rates. As such, these cards are better suited to cardholders who can earn enough points to outweigh the annual fee and can afford to pay their balance in full each month.

Rewards credit cards

Many card issuers offer rewards credit cards that are linked to the bank's own loyalty program. Similar to frequent flyer cards, these products also often come with bonus points offers and their own specific earn rates. However, you can usually redeem your points for products from the reward program online store including gift cards, merchandise, experiences and more.

Many bank loyalty programs are also partnered with frequent flyer programs, so you can transfer your points to specific airline loyalty programs. This can come in handy if you prefer your points to have a little more flexibility or if you belong to a frequent flyer program that isn't directly linked with any credit cards in Australia (such as Singapore Airlines' KrisFlyer or Air New Zealand's Airpoints). Just keep in mind that these cards also generally come with higher annual fees and interest rates, so they're not suited to cardholders who carry a balance from month to month.

Cheapest credit cards

The cheapest credit card for you will depend on how you're using the card. If you only use your card for emergencies or always pay your balance in full, you could benefit from a card with $0 annual fee. Or if you struggle to pay off your credit card in full each month, you could reduce interest costs with a card with 0% on purchases for a promotional period or a low ongoing purchase rate. To find the cheapest credit card, make sure to consider how you're going to use the card and the fees you're most likely to collect before you apply.

Choose the best card for you

With so many different options to choose from, finding the best credit card for you will depend on your personal financial situation and spending habits. To get started, check our finder's guide to the best credit cards.

Picture: Shutterstock

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2 Responses

  1. Default Gravatar
    JimMarch 20, 2013

    Which credit cards don’t charge transaction fees for international travel? If it is frequent flyer card even better.

    • Avatarfinder Customer Care
      MarcMarch 20, 2013Staff

      Hello Jim,
      thanks for the question!

      This guide goes through some of the different cards in the market which don’t charge a transaction fee for international purchases, as well as tips for avoiding the other fees you may pay while travelling.

      I hope this helps,
      Marc.

Credit Cards Comparison

Rates last updated October 15th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 18 months
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Get up to 120,000 bonus Qantas Points (20,000/month) when you spend $1,500/month for the first 6 months. Plus, complimentary lounge passes.
Latitude Low Rate Mastercard
9.89% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 70,000 bonus Velocity Points when you meet the spend requirement. Plus, save with a 0% interest for 18 on balance transfers.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.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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