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Credit Card Finder

If you want to rack up rewards, get a balance transfer, pay less interest or save on fees, we can help you find a credit card that works for you.

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Current credit card offers

There are many credit cards available and looking at a few options will help you find the one that's right for you. Check out the cards side by side in the table below and see more details about each one by clicking on the card's checkbox.

Data indicated here is updated regularly
Name Product Purchase rate Interest-free period Annual fee Balance transfer rate
Citi Rewards Card
21.49% p.a.
Up to 55 days on purchases
$49 annual fee for the first year ($149 p.a. thereafter)
0% p.a. for 30 months
30-Month Balance Transfer & Annual Fee Discount
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee.
Qantas Premier Platinum
19.99% p.a.
Up to 55 days on purchases
$199 annual fee for the first year ($299 p.a. thereafter)
0% p.a. for 18 months with 1% balance transfer fee
Balance Transfer Offer & 100,000 Bonus Points
Get 100,000 bonus Qantas Points, 75 bonus Status Credits and a 0% p.a. balance transfer rate for 18 months (with a one-time 1% BT fee).
Coles No Annual Fee Mastercard
0% for 12 months, reverts to 19.99% p.a.
Up to 55 days on purchases
$0
0% p.a. for 12 months
0% Purchase & Balance Transfer Offers
Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($58 p.a. thereafter)
0% p.a. for 25 months with 1.5% balance transfer fee
0% Balance Transfer Offer & $0 First Year Annual Fee
Save with 0% p.a on balance transfers for 25 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Citi Rewards Card - $500 Voucher Offer
21.49% p.a.
Up to 55 days on purchases
$99 annual fee for the first year ($199 p.a. thereafter)
0% p.a. for 12 months
$500 e-voucher and Discounted First Year Annual Fee Offer
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points/$1 spent. Ends 30 Nov 2020.
NAB Qantas Rewards Signature Card
19.99% p.a.
Up to 44 days on purchases
$295 annual fee for the first year ($395 p.a. thereafter)
0% p.a. for 6 months with 2% balance transfer fee
Up to 130,000 bonus Qantas Points & 75 bonus Status Credits
Ends 30 November 2020
Collect up to 130,000 bonus Qantas Points (100k when you spend $3,000 in the first 60 days and 30k after 12 months). Plus, 75 bonus Status Credits.
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$59
0% p.a. for 24 months with 1% balance transfer fee
Long-Term Balance Transfer Offer & $200 Cashback
A low rate card offering 0% p.a. interest on balance transfers for the first 24 months and a $200 cashback offer.
American Express Explorer Credit Card
20.74% p.a.
Up to 55 days on purchases
$395
Up to 150,000 Bonus Points and Yearly $400 Travel Credit
Get 120,000 bonus points when you spend $3,000 in the first 3 months. Plus, 30,000 points in the second year and a yearly $400 travel credit.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
Up to 55 days on purchases
$64 annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 22 months
$129 Gift Voucher & Balance Transfer Offer
Get 0% p.a. for 22 months on balance transfers and a reduced first-year annual fee. Plus, earn up to 30,000 bonus Velocity Points. Ends 30 Nov 2020.
ANZ Platinum Credit Card
0% for 17 months, reverts to 20.24% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($87 p.a. thereafter)
20.24% p.a.
0% Purchase Offer & $0 First Year Annual Fee
Receive a 0% purchase rate offer for 17 months and a $0 first-year annual fee. Plus, complimentary overseas travel and medical insurance.
Citi Rewards Card - Flybuys Offer
21.49% p.a.
Up to 55 days on purchases
$49 annual fee for the first year ($149 p.a. thereafter)
0% p.a. for 15 months with 1% balance transfer fee
75,000 Bonus Points & $100 Kmart eGift Card
Receive 75,000 bonus Flybuys points and a $100 Kmart eGift Card when you meet the spend requirement. Plus, a reduced first-year annual fee.
Bendigo Bank Low Rate Credit Card
0% for 15 months, reverts to 11.99% p.a.
Up to 55 days on purchases
$45
13.99% p.a.
0% Interest Rate & $150 Woolworths Gift Card Offer
Get 0% p.a. interest on purchases for 15 months and a $150 Woolworths Supermarket gift card when you spend $1,000 in the first 90 days.
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 26 months with 1% balance transfer fee
0% Balance Transfer Offer & $0 First-Year Annual Fee
Enjoy a 26-month balance transfer offer, a first-year annual fee waiver and complimentary travel insurance.
Virgin Money No Annual Fee Credit Card
0% for 12 months, reverts to 18.99% p.a.
Up to 55 days on purchases
$0
0% p.a. for 12 months
0% Balance Transfer and Purchase Rate Offers
Save with an ongoing $0 annual fee and 0% p.a. on balance transfers and purchases for 12 months. Ends 30 Nov 2020.
St.George Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 24 months
0% Balance Transfer Offer & $0 First-Year Annual Fee
Get 0% p.a. promotional balance transfer rate, with no balance transfer fee. Plus, save with a first-year annual fee waiver.
Bankwest Breeze Classic Mastercard
0% for 15 months, reverts to 10.99% p.a.
Up to 55 days on purchases
$49
2.99% p.a. for 9 months
0% Purchase Rate Offer
Save with an introductory rate of 0% p.a on purchases for 15 months and 2.99% p.a. on balance transfers for 9 months.
ANZ Frequent Flyer Black
20.24% p.a.
Up to 55 days on purchases
$425
20.24% p.a.
120,000 Bonus Points & $200 back
Collect 120,000 bonus Qantas Points and $200 back when you spend $3,000 in the first 3 months. Plus, complimentary lounge passes.
American Express Velocity Platinum Card
20.74% p.a.
Up to 55 days on purchases
$375
100,000 bonus Velocity Points, 75 Status Credits & $100 Statement Credits
Receive 100,000 bonus Velocity Points, 75 Status Credits and $100 back when you spend $3,000 within the first 3 months.
Coles Rewards Mastercard
19.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($99 p.a. thereafter)
0% p.a. for 18 months with 1.5% balance transfer fee
$100 off a Coles Supermarket Shop & $0 First-Year Annual Fee
Enjoy $100 off a Coles Supermarket shop and a $0 first-year annual fee. Plus, 0% p.a. on balance transfers for 18 months (1.5% fee applies).
Latitude Gem Visa
24.99% p.a.
Up to 55 days on purchases
$99
Enjoy 0% p.a. interest on purchases over $250 for 6 months, optional shopper's protection insurance and the convenience of Samsung Pay.
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Data indicated here is updated regularly
$
% p.a.
Name Product Balance transfer rate Purchase rate Annual fee Amount saved
Citi Rewards Card
0% p.a. for 30 months
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee.
Westpac Low Rate Card
0% p.a. for 24 months with 1% balance transfer fee
13.74% p.a.
$59
A low rate card offering 0% p.a. interest on balance transfers for the first 24 months and a $200 cashback offer.
ANZ Low Rate
0% p.a. for 25 months with 1.5% balance transfer fee
12.49% p.a.
$0 annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a on balance transfers for 25 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Coles No Annual Fee Mastercard
0% p.a. for 12 months
0% for 12 months, reverts to 19.99% p.a.
$0
Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months.
St.George Vertigo Classic
0% p.a. for 24 months
13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Get 0% p.a. promotional balance transfer rate, with no balance transfer fee. Plus, save with a first-year annual fee waiver.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 22 months
20.74% p.a.
$64 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. for 22 months on balance transfers and a reduced first-year annual fee. Plus, earn up to 30,000 bonus Velocity Points. Ends 30 Nov 2020.
HSBC Platinum Credit Card - Balance Transfer Offer
0% p.a. for 26 months with 1% balance transfer fee
19.99% p.a.
$0 annual fee for the first year ($129 p.a. thereafter)
Enjoy a 26-month balance transfer offer, a first-year annual fee waiver and complimentary travel insurance.
Citi Clear Card
0.9% p.a. for 15 months
0.9% for 15 months, reverts to 14.99% p.a.
$99
Save with 0.9% p.a. for 15 months on purchases and balance transfers. Plus, complimentary purchase insurance cover.
Virgin Money No Annual Fee Credit Card
0% p.a. for 12 months
0% for 12 months, reverts to 18.99% p.a.
$0
Save with an ongoing $0 annual fee and 0% p.a. on balance transfers and purchases for 12 months. Ends 30 Nov 2020.
Qantas Premier Platinum
0% p.a. for 18 months with 1% balance transfer fee
19.99% p.a.
$199 annual fee for the first year ($299 p.a. thereafter)
Get 100,000 bonus Qantas Points, 75 bonus Status Credits and a 0% p.a. balance transfer rate for 18 months (with a one-time 1% BT fee).
NAB Low Rate Credit Card
0% p.a. for 20 months with 2% balance transfer fee
12.99% p.a.
$59
Get a 0% p.a. interest rate for 20 months on balance transfers, Visa Offers + Perks and a competitive $59 ongoing annual fee.
Coles Rewards Mastercard
0% p.a. for 18 months with 1.5% balance transfer fee
19.99% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Enjoy $100 off a Coles Supermarket shop and a $0 first-year annual fee. Plus, 0% p.a. on balance transfers for 18 months (1.5% fee applies).
Westpac Altitude Platinum Qantas
0% p.a. for 18 months with 1% balance transfer fee
20.49% p.a.
$99 annual fee for the first year ($200 p.a. thereafter)
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a long-term balance transfer offer.
Bank of Melbourne Vertigo Classic
0% p.a. for 24 months
13.99% p.a.
$0 annual fee for the first year ($55 p.a. thereafter)
Save with a 0% p.a. interest for 24 months on balance transfers, with no balance transfer fee. Plus, a $0 first-year annual fee.
Citi Simplicity Card
0% p.a. for 6 months
0% for 6 months, reverts to 21.49% p.a.
$0
Get 0% p.a. interest for up to 6 months on purchases and balance transfers. Plus, a $0 annual fee for life.
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Data indicated here is updated regularly
Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
Qantas Premier Platinum
100,000
Qantas Frequent Flyer
1
19.99% p.a.
$199 annual fee for the first year ($299 p.a. thereafter)
Get 100,000 bonus Qantas Points, 75 bonus Status Credits and a 0% p.a. balance transfer rate for 18 months (with a one-time 1% BT fee).
NAB Qantas Rewards Signature Card
130,000
Qantas Frequent Flyer
1
19.99% p.a.
$295 annual fee for the first year ($395 p.a. thereafter)
Ends 30 November 2020
Collect up to 130,000 bonus Qantas Points (100k when you spend $3,000 in the first 60 days and 30k after 12 months). Plus, 75 bonus Status Credits.
American Express Explorer Credit Card
150,000
Membership Rewards
2
20.74% p.a.
$395
Get 120,000 bonus points when you spend $3,000 in the first 3 months. Plus, 30,000 points in the second year and a yearly $400 travel credit.
ANZ Frequent Flyer Black
120,000
Qantas Frequent Flyer
1
20.24% p.a.
$425
Collect 120,000 bonus Qantas Points and $200 back when you spend $3,000 in the first 3 months. Plus, complimentary lounge passes.
Citi Rewards Card - Flybuys Offer
75,000
Citi Rewards Program
1
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Receive 75,000 bonus Flybuys points and a $100 Kmart eGift Card when you meet the spend requirement. Plus, a reduced first-year annual fee.
American Express Velocity Platinum Card
100,000
Velocity Frequent Flyer
1.25
20.74% p.a.
$375
Receive 100,000 bonus Velocity Points, 75 Status Credits and $100 back when you spend $3,000 within the first 3 months.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
30,000
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. for 22 months on balance transfers and a reduced first-year annual fee. Plus, earn up to 30,000 bonus Velocity Points. Ends 30 Nov 2020.
Citi Rewards Card - $500 Voucher Offer
N/A
Citi Rewards Program
1
21.49% p.a.
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points/$1 spent. Ends 30 Nov 2020.
Suncorp Clear Options Platinum Credit Card
100,000
Suncorp Bank Rewards Program
1.25
20.74% p.a.
$129
Earn 100,000 bonus points when you spend $3,000 in the first 90 days. Plus, complimentary insurance covers included.
Coles Rewards Mastercard
N/A
2
19.99% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Enjoy $100 off a Coles Supermarket shop and a $0 first-year annual fee. Plus, 0% p.a. on balance transfers for 18 months (1.5% fee applies).
Westpac Altitude Platinum Qantas
60,000
Qantas Frequent Flyer
0.5
20.49% p.a.
$99 annual fee for the first year ($200 p.a. thereafter)
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a long-term balance transfer offer.
St.George Amplify Platinum - Qantas
70,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Earn 70,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 15 months and complimentary insurance covers.
BankSA Amplify Platinum - Qantas
70,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Receive 70,000 bonus Qantas Points when you spend $1,500 each month for the first 3 months. Plus a 0% balance transfer offer.
American Express Platinum Edge Credit Card
50,000
Membership Rewards Ascent
1
20.74% p.a.
$195
Receive 50,000 bonus points when you spend at least $1,500 within the first 3 months. Plus, receive $200 travel credit each year.
American Express Qantas Business Rewards Card
120,000
Qantas Business Rewards
1.25
N/A
$450
ABN holders w/ $75,000 revenue. Get 120,000 bonus points and 75 bonus Status Credits, 3x points on eligible Qantas flights & 2 lounge passes per year.
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*The credit card offers on this page are chosen from a range of credit cards available to us and are not representative of all the products available in the market. The use of the terms "best" and "top" are not product ratings and are subject to our disclaimer. 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.

Unsure of what you need? Take our card finder quiz.

This quiz directs you to a category of credit cards to compare based on your answers. You should always consider your financial circumstances and understand all the terms, conditions and eligibility criteria before applying for any product.


What is Credit Card Finder® and how can I use it?

Credit Card Finder® is a free, Australian-owned service that you can use to compare credit card offers from banks, credit unions and other financial institutions. We've been around since 2006 and keep a database of virtually every credit card on the market in Australia. You can compare cards by bank or brand, read credit card reviews and check out the latest introductory offers. You can use Finder's guides and tables to inform your decision and find the best credit card for you.

When you do find a credit card that you want to apply for, just click the "Go to Site" button in the table or review. This takes you to the official application page, where you can read the full terms and conditions before starting a secure, online application with the bank or lender. This also means that Finder doesn't collect your personal details or information during the application process.

Popular credit card offers on finder.com.au*

Category Name Card Current Offer Annual Fee
Frequent Flyer ANZ Frequent Flyer Black Picture not describedANZ Rewards Black credit card image Receive 120,000 bonus Qantas Points and $200 cashback when you meet the spend requirement. $425
No Annual Fee Coles No Annual Fee Mastercard coles no annual fee Get 0% interest on purchases and balance transfers for the first 12 months with no balance transfer fee with this Coles credit card. $0
Balance Transfer Citi Rewards Card Picture not described Save with 0% p.a. interest on balance transfers for the first 30 months with no balance transfer fee. $49 annual fee for the first year ($149 p.a. thereafter)
Low Rate ANZ Low Rate Card Picture not described Save with 0% p.a. interest on balance transfers for the first 25 months with a one-time 1.5% balance transfer fee. $0 annual fee for the first year ($58 p.a. thereafter)

The pros and cons of credit cards

Pros

  • Flexibility. If you've got a big purchase to make or a bill to pay but don't have the cash in the bank, a credit card can give you the money you need. You can then pay it back straight away or over time.
  • Convenience. Credit cards are easy to use when you're shopping in-store, online and overseas. As well as an actual card, many options also offer mobile payments. Credit cards also come with multiple layers of security and fraud protection, so your money is safe even if something happens to your card details.
  • Rewards. Using a credit card can give you "something for nothing". As long as the rewards you earn are more valuable than the cost of any interest and annual fees, credit cards can be a great way to get cashback, merchandise, frequent flyer points and more.

Cons

  • Debt. Credit cards are an easy way to get into debt if they are not managed properly. On top of spending money you don't actually have, credit card interest costs add up quickly if you don't pay your balance back in full.
  • Cost of borrowing. Compared to some other loan products, credit cards are relatively expensive. The average interest rate for an Australian credit card is about 17% and the annual fees can eat into your budget on some of the more premium cards.
  • Surcharges. Some businesses add a surcharge to credit card payments to cover the cost of processing. These surcharges are becoming less common but where applied, will usually add between 1% - 2% to the total purchase cost.

Types of credit cards

There are many different kinds of credit cards available in Australia and finding the right one for you depends on your current circumstances and future goals. You can check out the most common Australian credit card categories below.

Person holding phone and card over cityscape
No annual fee
Save on yearly credit card costs with a $0 annual fee credit card, including promotional offers and cards with no annual fee for life.
People grocery shopping
Rewards
Get rewarded as you spend with points, cashback and other goodies you can redeem with a rewards credit card.
Red and white plane flying in clouds
Frequent flyer
Compare frequent flyer credit cards that let you earn points on everyday purchases so you can redeem your next flight (or other reward) faster.
Young people on couches with laptops
Student
Manage your student expenses and establish your credit history by comparing a range of student credit cards.

How should you pick a credit card?

At first glance, it might seem like there are way too many credit cards to compare, but cards typically fall into two broad categories: one for spenders and one for savers. Here's how 2 cards (A for spenders, B for savers) stack up against each other and what to consider when looking at each feature.

Fee or Feature Card A Card B Comparison
Annual Fee $350 $49 The flat amount you'll pay per year just to use the card. Rewards and frequent flyer cards will typically charge a higher annual fee than those with fewer bells & whistles designed for people looking to save.
Purchase Interest Rate 19.74% p.a. 12.99% p.a. The amount of interest you'll pay on your balance if you don't pay it off by the due date. The lower the interest rate, the better. However, if you never carry a balance, this doesn't need to be a major consideration.
Interest-Free Period 55 days 55 days The maximum amount of time you'll get before you're charged interest on purchases. The longer the better and outside of introductory promotions, most cards offer between 44 - 62 days.
Balance Transfer N/A 0% p.a. for 20 months with 1.5% fee If you decide to transfer debt from another card, this is the interest rate you'll pay on the amount and for how long. The lower rate, longer time and lower fee, the better.
Cash Advance Rate 21.99% p.a. 22.99% p.a. What you'll pay if you make a cash-equivalent transaction, and usually what the balance transfer reverts to after the intro period. You will not get any interest-free days, so this cost can add up quickly.
Foreign Transaction Fee 0% $3 or 3%, whichever is greater The amount you'll be charged on purchases made in a foreign currency overseas or online, charged as a percentage of the transaction amount. The lower this fee, the better.
Rewards Program Frequent Flyer N/A The kind of points (if any) you'll earn for your spending. These rewards are potentially very valuable if you use them. Common programs include frequent flyer, bank rewards and supermarket loyalty schemes.
Bonus Points 100,000 N/A Any introductory bonus point offer available. You'll have to meet a spend requirement to get them and these are typically worded like "100,000 bonus points when you spend $3,000 in the first 90 days".
Points / $1 Spent 1 N/A How many points (if any) you'll earn for your eligible spending. It's important to pay attention to how many points you earn, as well as what those points are worth when you go to redeem them.
Insurance Covers Purchase & travel Purchase Available insurance covers (if any) that are included with the card. Common types include overseas medical insurance, extended warranty cover, price guarantees and and purchase protection.
Contactless Payments Compatible Compatible Most credit cards in Australia are compatible with digital contactless payment platforms, including Google Pay, Apple Pay, Samsung Pay and more.
Other Perks Lounge passes N/A More premium offerings like black and platinum-tier cards, can feature perks like airport lounge passes, free wine when you dine, complimentary hotel stays and more.

Some Australian credit card providers we review

If you already have a bank or lender in mind, you can use Finder's comprehensive guides to review the bank's current credit card offers. If the provider you're interested in isn't on this table, click here to see the full list of providers.

AMEX logo ANZ logo bankwest logo
Citi logo Coles logo CBA logo
HSBC logo NAB logo Qantas Money logo
St.George logo Virgin logo Westpac logo

Credit card fast facts

  • Credit cards vs. debit cards. The difference between a credit card and a debit card is whose money you're spending. When you use a debit card, even if you tap and use Mastercard or Visa debit, you're spending your own money. To make a purchase using your debit card, you have to have those funds in your transaction or savings account first. When you spend on a credit card, you're borrowing money from the lender that you'll eventually have to pay back. This means you don't have to have any dollars to your name to make purchases, and unfortunately also where spending on a credit card can get you into trouble.
  • How credit card companies make money. There are two main ways credit card companies make money:
    • Fees: annual fees, late fees, cash advance fees, interchange fees, etc.
    • Interest: typically, when you carry a balance from month to month you'll be charged interest on the balance.
  • Security measures. Most people associate credit cards with secure purchasing and protection thanks to their zero liability policies. These make it so that if an unauthorised or fraudulent charge is made on your account, you won't be held responsible for it.
  • Using a credit card at the ATM. While you can withdraw money from an ATM using your credit card, it will cost you and should be an absolute last resort. On top of being charged a cash advance fee, you'll also be charged interest on the amount at the higher cash advance rate and won't get the interest-free grace period.
  • The difference between Visa and Mastercard. Neither Visa nor Mastercard actually issue credit cards, they are the networks that process the transaction between the issuer (eg. NAB) and the merchant (eg. Bunnings). There is almost no difference between the two. Both are widely accepted around the world and offer similar perks and benefits. When choosing a new card, other features and fees are more important than the logo in the corner.
  • Credit card numbers. Credit card numbers are 16 digits long. The first one or two digits represent whether its a Visa, Mastercard or American Express. Digits 2 - 6 represent the financial institution or bank that issued the card, and the following 9 digits represent the account number. The final digit is a "check" number, used to verify that the card number is valid. The CVV number is the 3 or 4 digit security number on the back of the card.
Promoted
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee.

Frequently asked questions about credit cards

What is a credit card?

Credit cards let you borrow money at the time of purchase. This is useful when you don't have enough money or don't want to pay the entire amount immediately. If you pay off your balance on time, the credit card is like an interest-free loan from the purchase date until the payment due date. If you're unable to do this, your purchases will begin collecting interest on top of the amount owed. Credit cards are issued by many banks in Australia, but the majority belong to the global payment networks of Mastercard, Visa or American Express.

What do I need to get a credit card?

All credit cards have eligibility criteria you need to meet to be approved. These include age (you must be at least 18 years old), minimum income, residency status and credit history. Cards with more perks and features tend to have stricter requirements than typical "starter" or "no frills" cards. When you're applying, you'll also need to provide proof of your income, residency, identification and information about your assets, expenses and liabilities.

What will getting a credit card do to my credit score?

Every time you apply for a credit card, it will be recorded on your credit file. Whether you're approved for the credit card, your credit limit and whether or not you make timely repayments will all impact your credit history.When you apply for credit in the future, whether it's for a credit card, personal loan or mortgage, the lender will base part of their decision on your credit score. If you have a bad credit history and low credit score, you're unlikely to be approved for a credit card.

Can I get a credit card with a bad credit history?

Having a poor credit history doesn't automatically disqualify you from getting a new credit card, but it will make it more difficult. It's wise to speak to your current bank or lender before applying for a card online. If a credit card isn't presently an option, an unsecured personal loan could be a viable option.

How do I choose the right credit card for me?

When deciding on a credit card you'll need to consider your current financial circumstances and your future financial goals, and then compare cards to find the one that best fits your situation.

  • Current financial circumstances: How much you can afford to spend, how much you can afford to repay and how much credit you can manage.
  • Financial goals: Financial goals can include major purchases, travel aspirations, building credit history, consolidating existing debt and many others.
  • Card features to compare: Not all features will be equally important to every person. For example, if you aren't interested in rewards points the earn rate won't be relevant to you. Some primary features to look at include: the annual fee, interest rates, interest-free period, availability of rewards or frequent flyer points, balance transfer offer and the eligibility criteria.
Find the credit card you want by looking at different card types or banks, or read our guides to decide.
Find
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