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Credit card comparison – over 200 cards crunched

A crappy credit card = high rates, big fees. A great credit card = low fees, bonus points, tasty perks and money when you need it.

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1 - 15 of 261
Name Purchase rate p.a. Bonus points Points per $ spent Interest-free period Balance transfer rate p.a. Annual fee
St.George Vertigo Card
St.George Vertigo Card image
Purchase rate p.a.
13.99%
Bonus points
N/A
Points per $ spent
N/A
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
0% for 28 months with 1% balance transfer fee, then 21.99%
Annual fee
$55
Go to siteMore Info
Get a 0% p.a. interest rate on balance transfers for 28 months (with a 1% balance transfer fee). Ends 31 July 2024.
Qantas Premier Platinum
Qantas Premier Platinum image
Qantas Frequent Flyer
Purchase rate p.a.
19.99%
Bonus points
100,000
Points per $ spent
1
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
0% for 12 months with 2% balance transfer fee, then 21.99%
Annual fee
$349 first year ($399 after)
Go to siteMore Info
Earn up to 100,000 bonus Qantas Points. Plus, save with a reduced first-year annual fee and 0% p.a. for 12 months on balance transfers, with a 2% BT fee.
Virgin Money Anytime Rewards Credit Card
Virgin Money Anytime Rewards Credit Card image
Virgin Money Rewards
Purchase rate p.a.
19.99%
Bonus points
80,000
Points per $ spent
1
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
0% for 12 months, then 20.99%
Annual fee
$149
Go to siteMore Info
Offers 80,000 bonus Virgin Money Points (worth $400 in gift cards) when you spend $3,000 or more on eligible purchases in the first 3 months.
Kogan Money Card – Exclusive Offer
Kogan Money Card – Exclusive Offer image
Exclusive
Kogan Rewards Program
Purchase rate p.a.
9.99% for 18 months, then 21.99%
Bonus points
N/A
Points per $ spent
1
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
0% for 18 months with 2% balance transfer fee, then 22.74%
Annual fee
$0
Go to siteMore Info
Save with 0% p.a. interest on balance transfers (with a 2% BT fee) and 9.99% p.a. on purchases, both for 18 months, plus, an ongoing $0 annual fee.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Virgin Australia Velocity Flyer Card - Balance Transfer Offer image
Finder Award
Velocity Frequent Flyer
Purchase rate p.a.
20.74%
Bonus points
N/A
Points per $ spent
0.66
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
0% for 24 months, then 20.99%
Annual fee
$0 first year ($149 after)
Go to siteMore Info
Get 0% p.a. on balance transfers for 24 months (with no BT fee) and a $0 annual fee in the first year.
ANZ Rewards Black Credit Card
ANZ Rewards Black Credit Card image
Finder Award
ANZ Rewards Program
Purchase rate p.a.
20.99%
Bonus points
180,000
Points per $ spent
2
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
21.99%
Annual fee
$375
Go to siteMore Info
Get 180,000 bonus ANZ Reward Points (worth $800+ in digital gift cards) and $150 back when you spend $3,000 in the first 3 months.
NAB Low Rate Credit Card
NAB Low Rate Credit Card image
Purchase rate p.a.
13.49%
Bonus points
N/A
Points per $ spent
N/A
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
0% for 28 months with 2% balance transfer fee, then 21.74%
Annual fee
$0 first year ($59 after)
Go to siteMore Info
Get a 0% p.a. interest rate on balance transfers for the first 28 months (with a 2% BT fee). Plus, save with a $0 first-year annual fee.
Westpac Altitude Qantas Black
Westpac Altitude Qantas Black image
Qantas Frequent Flyer
Purchase rate p.a.
20.99%
Bonus points
120,000
Points per $ spent
0.75
Interest-free period
Up to 45 days on purchases
Balance transfer rate p.a.
N/A
Annual fee
$370
Go to siteMore Info
Up to 120,000 bonus Qantas Points (90,000 points when you spend $6,000 in the first 120 days & 30,000 points after the first spend in year 2).
ANZ Platinum Credit Card
ANZ Platinum Credit Card image
Purchase rate p.a.
20.99%
Bonus points
N/A
Points per $ spent
N/A
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
21.99%
Annual fee
$0 first year ($87 after)
Go to siteMore Info
Get $300 back on your card when you spend $1,500 on eligible purchases in the first 3 months and a $0 first-year annual fee. Plus, complimentary overseas travel insurance.
Qantas American Express Ultimate Card
Qantas American Express Ultimate Card image
Qantas Frequent Flyer
Purchase rate p.a.
23.99%
Bonus points
90,000
Points per $ spent
1.25
Interest-free period
Up to 44 days on purchases
Balance transfer rate p.a.
N/A
Annual fee
$450
Go to siteMore Info
Get a yearly $450 Travel Credit and up to 90,000 bonus Qantas Points (70,000 when you spend $3,000 in the first 3 months and 20,000 points in year 2).
Virgin Money No Annual Fee Credit Card
Virgin Money No Annual Fee Credit Card image
Purchase rate p.a.
0% for 6 months, then 19.99%
Bonus points
N/A
Points per $ spent
N/A
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
N/A
Annual fee
$0
Go to siteMore Info
Save with a $0 annual fee and 0% p.a. on purchases for 6 months.
ANZ Low Rate - Credit Back Offer
ANZ Low Rate - Credit Back Offer image
Purchase rate p.a.
13.74%
Bonus points
N/A
Points per $ spent
N/A
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
21.99%
Annual fee
$58
Go to siteMore Info
Get $250 back on your card when you spend $1,500 on eligible purchases in the first 3 months.
American Express Qantas Business Rewards Card
American Express Qantas Business Rewards Card image
Qantas Business Rewards
Purchase rate p.a.
0%
Bonus points
150,000
Points per $ spent
1.25
Interest-free period
Up to 51 days on purchases
Balance transfer rate p.a.
N/A
Annual fee
$450
Go to siteMore Info
(ABN holders w/ $75k revenue). Earn 150,000 bonus Qantas Points and a $200 credit when you spend $6,000 in the first 3 months.
ANZ Rewards Platinum - Velocity Points
ANZ Rewards Platinum - Velocity Points image
Velocity Frequent Flyer
Purchase rate p.a.
20.99%
Bonus points
100,000
Points per $ spent
1.5
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
21.99%
Annual fee
$149
Go to siteMore Info
Get up to 100,000 bonus Velocity Points: 70k points when you spend $2,000 in the first 3 months and 30k points after 15 months.
Bankwest Breeze Platinum Mastercard
Bankwest Breeze Platinum Mastercard image
Purchase rate p.a.
0% for 12 months, then 12.99%
Bonus points
N/A
Points per $ spent
N/A
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
0% for 12 months with 2% balance transfer fee, then 12.99%
Annual fee
$69
Go to siteMore Info
Get 0% p.a. interest on purchases and balance transfers for 12 months (with a 2% BT fee). Plus 0% foreign fees and complimentary overseas travel insurance.
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Showing 15 of 46 results

Find some of the terms in this table confusing? Jump down to our glossary to learn about key features and how to compare credit cards.

What is a credit card?

A credit card lets you spend money that you can pay back over time, usually with interest.

Unlike a debit card – where you need money in the bank – a credit card gives you a set amount you can spend (or borrow), known as your credit limit. You also get regular statements (usually monthly) and need to make repayments by the due date on them.

Want more details? Check out Finder's guide to how credit cards work.

"When comparing credit cards, decide what's most important to you. Is it a low interest rate? Low annual fee? Bonus frequent flyer points? Maybe a balance transfer deal? For instance, I pay my balance in full each month, so I ignore the interest rates and don't look at balance transfer offers. Instead, I aim to find cards with a great points earning rate. Knowing exactly what you want, makes it easier to find the right card for you."

Sarah Megginson - Sarah Megginson, Finder's head of editorial

What types of credit cards are there?

There are 5 main types of credit cards. Here is a quick explanation of each one; every card is slightly different, so you should compare credit cards to find one that has features that matter to you.

Card typePrincipal useProsCons
Balance transferbalance transfer iconPay off existing debt with no / low interestSave money on interest and pay down debt fasterMinimal perks and no interest-free days on new purchases
Rewards / frequent flyerrewards iconEarn points on your spendingGet rewarded for money you’d spend anywayHigh interest rates & annual fees
No annual feecover iconCredit without an upfront costCosts nothing if you pay it off in full or don’t use it at allMinimal perks and higher interest rates
Low ratelow rate iconPay off purchases over time while paying less interestSaves you money if you carry a balance from month to monthMinimal perks
Businessbusiness iconManaging cash flow and separating spendingOffer distinct features for business (like accounting feeds)Stricter eligibility requirements

How to compare credit cards

Here's a breakdown of features and charges you should look at when doing a credit card compari.

Annual fee

  • What is it? The amount you'll have to pay each year just to use the card.
  • What you should know: Higher annual fees usually mean more perks and rewards.

Balance transfer rate

  • What is it? The interest rate you’ll pay if you transfer a balance from another card.
  • What you should know:The lower the interest rate, the better. Most introductory offers are for 0% p.a. on your balance, but you may pay a one-time fee.

Cash advance rate

  • What is it? The interest rate you’ll pay if you take cash out or make an equivalent transaction.
  • What you should know: This is often the highest interest rate on a credit card, so avoid cash advances unless it's an emergency.

Credit card network

  • What is it? The payment system that processes all your credit card transactions. Visa, Mastercard, American Express and Diners Club are the key credit card networks in Australia.
  • What you should know: Banks and brands partner with Mastercard and Visa, so you'll see their logos on your cards. American Express issues cards and has its own network for processing payments. Diners Club has more limited availability and is leaving the Australian market.

Foreign transaction fee

Interest-free period

  • What is it? The amount of time you'll get before you're charged interest on your purchases.
  • What you should know: More days give you more time to pay off your balance so you won’t be charged interest.

Minimum repayment

  • What is it? The lowest amount you need to pay by the due date to keep your account in good standing.
  • What you should know: You can always (and should try to) pay more than the minimum amount. But paying less can lead to late payment fees and hurt your credit score.

p.a.

  • What is it? This abbreviation of “per annum” is used for credit card interest rates, because the annual (or yearly) value is shown.
  • What you should know: As an example, the interest you’d be charged over 12 months would be about 20% of your balance on a credit card with a 20% p.a. interest rate.

Purchase interest rate

  • What is it? The amount of interest you'll pay if you don’t pay your card off in full.
  • What you should know: The lower the interest rate, the less you’ll pay in potential interest.

Rewards program

  • What is it? Offers points and perks that you can earn for your spending.
  • What you should know: Common features include points, insurance, lounge passes and premium services.

Pros & cons of credit cards

Pros

  • Flexibility. If you have a big purchase to make, a credit card can be a financial "buffer" – letting you buy it and then repay it over time. If it’s used wisely, it can be interest free.
  • Convenience. Credit cards allow you to buy what you need, when you need it. You can use them to shop in-store, online and overseas, with security features to protect against fraud.
  • Rewards. Everyone loves perks. A credit card can help you get frequent flyer points, cashback on your groceries, flight upgrades or even gift cards.

Cons

  • Debt. Credit card interest adds up quickly if you don't pay your balance on time, which could cost you hundreds (or thousands) of dollars and take a long time to pay back.
  • Can be expensive. The average interest rate for an Australian credit card is around 20%, RBA stats show. In comparison, the average interest rate for a variable rate personal loan is 14.41%.
  • Sneaky fees and surcharges. Some businesses add a surcharge to credit card payments, which can be 1–2% of the total purchase cost.

Bottom line? Credit cards have a mix of great perks and understandable risks. A good rule of thumb is to compare credit cards to ensure you get one with the features you need, while having a plan for paying it off and using the benefits.

What's happening in credit cards in July?

EXPERTREVIEW

By Finder's money editor, Richard Whitten.

Australians are spending more on their credit cards than ever, to the tune of $419 billion in transactions over the last 12 months according to the latest figures.

The average balance for a cardholder who is getting charged interest (meaning they haven't paid the card off in full) is $1,373. That number is creeping up from its lowest point in late 2022, but it is still very low compared to where it was over a decade ago.

Should I get a credit card?

For many Australians, using a credit card is an everyday part of life. But not everyone needs a credit card.

In fact, Finder research has found that 72% of Australians could manage their money without a credit card. They technically don't need a card but still have one for different reasons, including:

  • For emergencies
  • To earn rewards or frequent flyer points (which are not offered by most other accounts)
  • To make big purchases
  • To build credit history
  • To pay off debt and/or get a balance transfer

Some people also like the security of knowing that a credit card uses the bank's money, so you're not directly out-of-pocket when it comes to fraud. On the other hand, you shouldn't take on debt you don't need, especially if you're paying interest on it.

Impulse shoppers are typically more prone to credit card debt and could end up with a big balance and interest charges, which can take years to pay off.

Did you know? 2024 Finder research shows the average Australian with a credit card could save $222 over 32 months by switching cards.

Have questions about credit cards? We have answers

Why you can trust Finder's credit card experts

freeYou pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees. Guaranteed.
expert adviceYou save time. We spend 100s of hours researching credit cards so you can sort the gold from the junk faster.
independentYou compare more. Our comparison tools bring you more credit cards from across the market.

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Sarah Megginson's headshot
To make sure you get accurate and helpful information, this guide has been edited by Sarah Megginson as part of our fact-checking process.
Richard Whitten's headshot
Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 526 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips
Amy Bradney-George's headshot
Co-written by

Editor

Amy Bradney-George was the senior writer for credit cards at Finder, and editorial lead for Finder Green. She has over 16 years of editorial experience and has been featured in publications including ABC News, Money Magazine and The Sydney Morning Herald. See full bio

Amy's expertise
Amy has written 596 Finder guides across topics including:
  • Credit cards
  • Frequent flyer
  • Credit score
  • BNPL
  • Money management
  • Sustainability

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113 Responses

    Default Gravatar
    TrekJuly 15, 2024

    Hi, I am a pensioner, I pay an annual fee on my credit card but now the commbank wants an extra 8 dollars a month in fees, they obviously need it, is there a credit card that has low interest n no ongoing fees other than the yearly fee?
    Regards
    Trek Bakr

      AvatarFinder
      SarahJuly 16, 2024Finder

      Hi Trek, Is your card the Commonwealth Bank Awards Card? The fee is $8 per month instead of an annual fee; it works out to be $96 a month.

      If you’re not happy with that card, you can browse a few options for low-fee or no-fee credit cards here.

      Hope this helps!

    Default Gravatar
    KylieJuly 4, 2024

    American Express have just rejected an increase in my credit limit. I am very surprised as I have a high income, small mortgage, large amount of equity in my house and superannuation. I have no other debt or loans. Have had the card for 6 years and pay the balance in full every month.
    I am trying to get information on what income, assets, credit rating they used to assess my eligibility for a card increase. They won’t tell me anything and have been incredibly unhelpful.
    How can I get information.
    Which Ombudsman should I complain to – financial services?
    Is a Freedom of Information request possible.

    I accept that they don’t have to give me an increase but I am concerned that there is an error in the data that they are using to assess my application and want the opportunity to correct any errors. If I can’t get an increase to $12,000 on an income of $210,000 with a mortgage of $400 a week I can’t see how anyone can get a credit card.

      AvatarFinder
      SarahJuly 16, 2024Finder

      Hi Kylie,

      Most banks and lenders don’t publicly share the data and criteria they use to assess applicants, which is frustrating. If it helps, banks generally use a formula of 2-3% per month. So, if your limit is $12,000, they assess your ability to make a repayment based on $240 to $360 per month at a minimum.

      In regards to your application, it could be a mistake, or there could be a valid reason why.

      Some of the reasons that could contribute to this could be:
      – an issue with your credit score. You can check your credit score for free in the Finder app.
      – having other credit cards, especially ones with high limits. Each one is assessed as requiring a payment worth 2-3% of the credit limit each month. So, they may assess you as not being able to afford a higher limit.
      – having other personal debts and loans that impact your serviceability.
      – consistently late or missed payments, resulting in late payment fees; this could indicate difficult managing your current repayments, therefore they don’t want to extend you any further credit. You mentioned you pay the balance in full each month, so this is unlikely to be the reason.

      It would be worth checking your credit file as a first step, and then contact Amex again and ask if they won’t approve $12,000, what limit would they approve? If you’re still not satisfied, it might be worth shopping around for a card that better suits your needs.

      Hope this helps!

    Default Gravatar
    MaureenJanuary 27, 2024

    Looking for credit card with no exchange fees etc when used overseas, plus free travel insurance, plus perhaps pays bonus points . Happy to pay small annual fee. I always pay full balance off each Month. What would be your recommendations? Thank you

    Default Gravatar
    rhiannonJanuary 9, 2024

    What’s a good credit card for a poor credit rating?

    Default Gravatar
    jackJanuary 5, 2024

    If you’re cancelling an Amex business card and apply for a new personal Amex card, do you get bonus reward points?

      AvatarFinder
      SarahJanuary 5, 2024Finder

      Hi Jack, If the Amex was in your personal name, then you may not be eligible for the bonus offer. According to their official policy: American Express Card Members who currently hold or who have previously held any Consumer or Small Business Card product in the previous 18 month period are ineligible for Welcome offers.

      If in doubt, contact them directly for confirmation just to be sure!

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