Best introductory credit card offers January 2018

Amy Bradney-George 4 January 2018

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Turn over a new leaf in 2018 with a credit card that offers 0% p.a. on purchases or up to 100,000 bonus frequent flyer points.

If you’ve made a New Year’s resolution to deal with credit card debt, travel or get more from your money, a credit card introductory offer could help you reach your goal. Depending on the card you choose, you could save with a 0% interest rate for balance transfers or purchases, enjoy thousands of bonus frequent flyer points or even get cashback on your account.

Here, you’ll find details of the top balance transfer, purchase rate and reward offers in the finder database based on value for money, so you can choose a new credit card that suits your goals.

Rates and fees are correct as of 4 January 2018 but may change subsequently.

Best 0% balance transfer offer

NAB Premium (exclusive)

nab-premium-2018250x159Exclusive to finder.com.au, this NAB Premium balance transfer offer is one of the longest on the market and gives you 0% p.a. on balance transfers for the first 25 months and no balance transfer fee. At the end of the introductory period, any remaining debt from the transfer will be charged interest at the cash advance interest rate. For reference, this is currently 21.74% p.a. variable. The NAB Premium also has a competitive annual fee of $90, plus complimentary travel insurance and purchase insurance covers.

What do I have to do to get this offer?

Here’s how you can get 0% p.a. on balance transfers for the first 25 months.

  • Exclusive to finder.com.au. You need to apply directly through finder.com.au by clicking the “Go to site” button to enjoy this exclusive, long-term balance transfer offer.
  • Apply during promotional period. While there is no end date listed for this offer, NAB could withdraw it at any time. So make sure you check the offer details on the application page before filling out the form.
  • Eligible debts. You’ll only be able to transfer debts from Australian credit cards not issued by NAB.
  • Request the balance transfer at the time of your application. When you apply for the NAB Premium with this exclusive offer, you’ll need to include details of the debts you want to transfer so that you’re eligible for 0% p.a. for 25 months.
  • Balance transfer amount. You can transfer a minimum of $200 and up to 90% of the available credit limit on your new NAB Premium, subject to lending criteria and approval.
  • Minimum payments. Note that you’ll still need to pay at least the minimum amount due on each statement. This is calculated as 2% of your balance and needs to be paid by the statement’s due date.

Alternative offer: St.George Vertigo Platinum

If you have existing debt to pay off and also want a card with a low purchase rate, the St.George Vertigo Platinum offers 0% for 24 months on balance transfers (with a 1% balance transfer fee) when you apply by 18 April 2018. It also has an ongoing variable purchase rate of 12.74% p.a., complimentary travel insurance and an annual fee of $99 p.a. Just keep in mind that at the end of the introductory period, any debt remaining from your balance transfer will attract the cash advance interest rate for this card.

Best reward or frequent flyer bonus point offer

American Express Velocity Platinum

Amex-Velocity-Platinum250x160The American Express Velocity Platinum gives you the chance to get a bonus 100,000 Velocity Points when you apply by 29 January 2018 and spend $1,500 in the first 3 months. That’s enough for a one-way business class flight from Sydney to Bali or Los Angeles. This premium card has an annual fee of $375 and is packed with perks, including a complimentary annual domestic return flight, two Virgin Australia lounge invitations per year and up to 2.5 Velocity Points per $1 spent.

What do I have to do to get this offer?

Meet these requirements and you’ll be on your way to getting 100,000 Velocity Points for your frequent flyer account.

  • Apply by 29 January 2018. This offer is only available through selected partners, including finder.com.au, until 29 January 2018.
  • New cardmembers only. You can apply for this bonus point offer if you don’t currently have a card issued by American Express and haven’t had one within the past 18 months. You’re also eligible if you have a previous or existing bank-issued American Express companion card (e.g. one from ANZ, CommBank, NAB or Westpac).
  • Spend criteria. To get the bonus 100,000 Velocity Points, you’ll need to spend $1,500 on the card in the first 3 months from when your application’s approved.
  • Eligible purchases. Most everyday purchase you make will count towards the $1,500 spend requirement. But the following types of transactions won’t count towards the minimum spend: cash advances, interest, balance transfers, fees and charges for traveller’s cheques and foreign currencies.

Alternative offer: Westpac Altitude Black

If you’re a Qantas Frequent Flyer, you can get a bonus 100,000 Qantas Points you apply for the Westpac Altitude Black by 31 January 2018 and spend $5,000 on eligible purchases in the first 90 days. That’s enough for a return economy flight from Sydney to San Francisco. You’ll also get a reduced annual fee of $250 in the first year (normally $395 p.a.), as well as the benefit of both an American Express card and a Mastercard to help maximise your earning potential.

Best 0% purchase or cashback credit card offer

NAB Low Rate Platinum

nab-low-rate-plat250x158If you’ve got more spending to do in the New Year, the NAB Low Rate Platinum offers 0% p.a. on purchases for the first 9 months before reverting to a competitive standard purchase rate of 13.99% p.a. (variable). You can also get 4.99% p.a. on balance transfers for the first 6 months if you want to consolidate your cards onto one account. The NAB Low Rate Platinum has a $100 annual fee and offers a range of complimentary insurance covers, including international travel insurance and purchase protection insurance.

What do I have to do to get this offer?

If you want to make interest-free purchases for 9 months with a new NAB Low Rate Platinum, here are the key details to keep in mind.

  • Apply during promotional period. You’ll only get 0% p.a. on purchases for 9 months if you apply during the promotional period. While there’s no end-date for the offer, NAB could withdraw it at any time.
  • Exclusions for current NAB cardholders. If you have an existing NAB credit card you want to close or transfer to this card, you won’t be eligible to get 0% p.a. on purchases for the first 9 months.
  • Eligible spending. You’ll get 0% p.a. for 9 months on all eligible purchases. While this includes most everyday spending, it excludes transactions such as cash advances and balance transfers.

Alternative offer: Virgin Money Low Rate

The Virgin Money Low Rate offers you $100 cashback when you apply by 31 January 2018 and spend $500 per month for the first 3 months. It also offers 0% p.a. on balance transfers for the first 14 months when you apply by this date. Alongside these introductory features are a competitive standard annual fee of $49 and a low purchase rate of 11.99% p.a. (variable).

With many of us setting new goals in January, it’s a good time to compare your current credit card to other options. Checking out these introductory offers and the ongoing features of a range of other cards also means you can find a card that offers you value at the start of the year and beyond.

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