Compare Australian credit cards side by side to find the right card for you.
Looking for the best credit card in Australia? With so many products available, there isn’t one card that is right for every person. But thinking about the features you want, your spending habits and your financial history can help you compare your options and find the best credit card for you.
Virgin Money Credit Card Offer
Virgin Australia Velocity Flyer Card - Annual Fee Offer
Ongoing $50 p.a. annual fee
Offer ends 31 August 2019
Eligibility criteria, terms and conditions, fees and charges apply
Virgin Money Credit Card Offer
Receive up to 30,000 bonus Velocity Points when you meet the spend requirement. Plus, save with an ongoing $50 annual fee and a long-term balance transfer offer.
- $50 p.a. annual fee.
- 20.74% p.a. on purchases
- Cash advance rate of 20.99% p.a.
- Up to 44 days interest free
- Minimum income requirement of $35,000 p.a.
Compare some of the best credit cards
*The credit card offers compared 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.
Finder's best credit cards picks
- Citi Clear Platinum card. Save with a $0 first year annual fee and a low 12.99% p.a. purchase rate.
- Qantas American Express Ultimate Card. Get 55,000 bonus Qantas Points and travel in style with complimentary lounge passes.
- Virgin Australia Velocity Flyer Card - Annual Fee Offer. Offers 30,000 bonus Velocity Points and an ongoing $50 annual fee.
- Bankwest Breeze Classic Mastercard. Promotional 0% p.a. balance transfer for 6 months.
- American Express Velocity Platinum Card. Earn 50,000 bonus Velocity Points, get status credits, lounge passes and insurance.
- Westpac Low Rate Card. An 16-month balance transfer card with a low $59 annual fee.
- Qantas Premier Platinum. Earn up to 120,000 bonus Qantas Points and save with a $199 first year annual fee.
- ME frank credit card. $0 annual fee, 11.99% p.a. purchase interest rate and up to 55 interest-free days.
VIDEO: How to choose the best credit card
What is the best credit card for me?
To choose the right credit card, you need to look at how you plan to use it, your current financial situation and your future goals. That way you can compare different features and benefits based on your circumstances.
For example, if you want a credit card that offers rewards and perks, look at frequent flyer cards or at platinum and black options. If you want a card to help you manage your expenses, compare 0% purchase, balance transfer or low rate cards. You can use these guides to discover the types of cards available, who they're suited to and how to find the ideal one for you.
What type of credit card are you looking for?
0% balance transfer credit cards
- What are they? You can use a balance transfer credit card to pay off existing debt faster with a low or 0% interest rate for an introductory period.
- Who are these cards suited to? Those who have an existing credit, store or charge card debt that's being charged interest at a higher rate than necessary.
How can I find the best balance transfer credit card?
- Compare balance transfer offers. Most offers give you a 0% interest rate for an introductory period, so you'll need to look at how many months this rate applies and what interest rate is charged at the end of it.
- Check for fees. As well as the annual fee, check to see if a one-time balance transfer fee will apply and make sure it doesn't outweigh the potential savings.
finder.com.au's pick for balance transfers: HSBC Platinum Credit Card
This card offers 0% p.a. on balance transfers for 12 months with no balance transfer fee. At the end of the introductory period, any remaining balance transfer debt will collect the cash advance interest rate. This card charges a $129 annual fee that will be refunded each year you spend at least $6,000 on the card.
Frequent flyer & rewards credit cards
- What are they? Frequent flyer and rewards credit cards give you a way to earn points on your everyday purchases to redeem for travel, merchandise, experiences and more.
- Who are these cards suited to? Frequent flyer and rewards members who pay off the balance of their credit card each month and want to earn points for their spending.
How can I find the best frequent flyer credit or rewards card?
- What program/s do you want to earn points for? As well as Qantas Frequent Flyer and Velocity Frequent Flyer credit cards, you can look at cards that earn bank or credit card rewards points as well, such as American Express Membership Rewards or Westpac Altitude Rewards cards.
- Compare the earn rate. This is the numbethr of points you earn per $1 spent on eligible purchases. Check if there's a cap on how many points you can earn each month or each year and whether that will limit your points potential.
- Other valuable features. Are there any bonus points on offer, complimentary insurance covers, status credits, airport lounge passes or an annual fee waiver?
finder.com.au's pick for Qantas Points: Qantas Premier Platinum
The Qantas Premier Platinum card boasts one of the biggest bonus Qantas Points offers on the market right now. You'll score 120,000 bonus Qantas Points when you apply for a new Qantas Premier Platinum credit card and spend $1,500 on eligible purchases within the first 90 days. This card charges a $199 first-year annual fee, followed by $299 p.a. thereafter.
finder.com.au's pick for Velocity Points: American Express Velocity Platinum card
The American Express Velocity Platinum card offers 50,000 Velocity Points when you apply, are approved and spend $3,000 on eligible purchases within the first 3 months from card approval. This card also boasts two complimentary single entry passes to Virgin Australia lounges and a complimentary domestic return flight with Virgin Australia. These perks come at the cost of a $375 annual fee.
Low cost credit cards
- What are they? These credit cards offer a lower interest rate on purchases, whether promotional or otherwise, and lower fees when compared to other cards.
- Who are these cards suited to? If you plan to pay off purchases over time and want to keep your interest charges to a minimum, a low cost, low fee credit card could be a good option.
How can I find the best low cost credit card for me?
- Compare the interest rates. The lower the purchase rate, the better. Remember to look at the standard rate charged for purchases, as well as any introductory interest rate offers.
- Look at fees and other features. Weigh the card's annual fee against the potential savings you'll get from the low purchase rate and consider any other perks such as complimentary insurance or concierge services.
finder.com.au's pick for a low cost credit card: Virgin Australia Velocity Flyer card
You can pay off your credit card and save with 0% on purchases for up to 14 months when you apply for the Virgin Australia Velocity Flyer Card. At the end of the introductory period, the purchase interest rate reverts to 20.74% p.a. Available to applicants who apply by 31 August 2019, you can also cut costs with a discounted $64 annual fee for the first year. The annual fee reverts to $129 p.a. thereafter. You'll also earn Velocity Points when you make eligible purchases, which you can redeem for flight rewards and more.
What’s next?
Get more value from a credit card by comparing the latest offers and applying now. Or get in touch with our customer service team if you want to know more!
