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You deserve the best credit card

We looked at over 250 credit cards and narrowed them down by category to help you find the right one.

There isn't one best credit card on the market. And all credit cards can't be compared equally. So our experts have chosen a top pick for each type of credit card offer that appeals to a wide variety of people in Australia.

Our picks for the best credit cards for December:

The top picks were updated by our team of credit card experts and reviewed by senior writer Amy Bradney-George on 4 December 2023.


Top pick for $0 annual fee

Kogan Money Card – Exclusive Offer

  • 0% Balance Transfer Offer
  • $0 Annual fee
  • 20.99% Purchase rate
Ends on 31 January 2024

Pros & cons

  • No annual fee
  • 0% p.a. on balance transfers for 18 months
  • Uncapped reward points
  • Complimentary Kogan First membership
  • Balance transfer offer has a 1% BT fee
  • High 21.74% p.a. interest rate for balance transfers after the introductory period
  • No interest-free days if you have a balance transfer
  • Purchase interest rate of 20.99% p.a. is relatively high

Why we like it

  • The ongoing $0 annual fee can save you around $30 to $700 (or more) compared to other credit cards with an annual fee. It also offers 0% p.a. interest on balance transfers for 18 months with a 1% balance transfer fee, which means you can repay existing card or personal loan debt interest-free for up to one-and-a-half years.
  • Earns 2 Kogan rewards points per $1 on Kogan.com purchases and 1 point per $1 on all other eligible spending, with 1,000 Points = $10 of credit at Kogan.com. The equivalent value of 1 cent per point is competitive for this type of reward.
  • Complimentary Kogan First Membership means you can get free shipping on thousands of products, exclusive offers and express shipping upgrades that add value if you're a loyal Kogan shopper.

Top pick for low rate

Bankwest Breeze Classic Mastercard

  • 0% Interest Offers
  • $49 Annual fee
  • 12.99% Purchase rate

Pros & cons

  • 0% p.a. on purchases for 12 months, then 12.99% p.a.
  • 0% p.a. on balance transfers for 12 months
  • Digital card issued upon approval
  • Charges a 2% balance transfer fee
  • Charges a 2.95% foreign transaction fee

Why we like it

  • Offers 0% p.a. interest on purchases for 12 months, which can help you save on interest if you need to make big purchases now and pay them off over a few months. The low 12.99% p.a. purchase rate that applies after the introductory period is also one of the lowest ongoing rates on the market.
  • A digital card and early account access means you can start using 24-hours after your application is approved.
  • Also offers 0% p.a. on balance transfers for 12 months with a 2% balance transfer fee, which could help you save on interest if you move a balance from another card to this one.

Top pick for balance transfer

Westpac Low Rate Card

  • 0% Balance Transfer Offer
  • $59 Annual fee
  • 13.74% Purchase rate
Ends on 30 April 2024

Pros & cons

  • 0% p.a. for up to 28 months on balance transfers, with no BT fee
  • Low 13.74% p.a. interest rate on purchases
  • Balance transfer reverts to the high cash advance rate of 21.49% p.a. after the introductory period

Why we like it

  • A long 0% p.a. balance transfer offer for 28 months with no BT fee means you could transfer debt to this card and repay it with no interest for the first 2 years and 4 months.
  • The relatively low $59 annual fee also helps keep your account costs down.
  • A 13.74% p.a. interest rate for purchases, which is competitive with other low rate cards.

Top pick for rewards

Coles No Annual Fee Mastercard

  • 20,000 Bonus Flybuys Points
  • $0 Annual fee
  • 19.99% Purchase rate
Ends on 31 January 2024

Pros & cons

  • 20,000 bonus Flybuys points
  • 0% p.a. on purchases for 6 months
  • Ongoing $0 annual fee
  • Earn Flybuys points for your spending
  • Flybuys points earn rate is low at the equivalent of 0.5 points per $1 spent
  • 19.99% p.a. interest rate on purchases after the introductory period
  • 2.5% foreign transaction fee

Why we like it

  • The 20,000 bonus Flybuys points on offer is enough for $100 off your shop at Coles or 10,000 Velocity Points.
  • Also offers 0% p.a. interest on purchases for 6 months, which could help you save on upcoming credit card purchases.
  • One of the few rewards credit cards to offer an ongoing $0 annual fee. So you can save on card costs and earn Flybuys points on all your eligible spending (not just Flybuys partners).

Top pick for 0% foreign fee

Latitude 28° Global Platinum Mastercard

  • 0% Foreign Currency Conversion Fees
  • $0 Annual fee
  • 26.99% Purchase rate

Pros & cons

  • Ongoing $0 annual fee
  • 0% foreign currency conversion fees on purchases
  • Free global data roaming with Flexiroam
  • Complimentary Flight Delay Pass
  • High purchase interest rate of 26.99% p.a.
  • Charges a payment handling fee of $0.95 for BPAY payments and $3.95 for payment at Australia Post. You can avoid the fee by using Latitude’s Online Service Centre or via direct debit.

Why we like it

  • 0% international transaction fees on purchases while you travel overseas or shop online.
  • $0 annual fee and no cost to add an additional cardholder.
  • Free data roaming with Flexiroam, which gives you a choice of SIMs and 3GB of free data for 15 days each calendar year to use in over 150 countries.
  • Free lounge access when your flight is delayed with the Flight Delay Pass at select airport lounges.

Top pick for business

American Express Qantas Business Rewards Card

  • 100,000 Bonus Qantas Points Offer
  • $450 Annual fee
  • N/A Purchase rate

Pros & cons

  • 100,000 bonus Qantas Points
  • No pre-set spending limit and up to 51 days cash flow
  • Complimentary travel insurance
  • 2 complimentary domestic Qantas Club lounge passes per card membership year
  • $450 annual fee
  • 3% foreign currency conversion fee

Why we like it

  • Offers 100,000 bonus Qantas Points, which, as an example, you could redeem for a one-way business class flight between Sydney and Tokyo.
  • Up to 2 Qantas Points per $1 spent, and triple Qantas Points on eligible flights booked through Qantas Business Rewards.
  • 2 complimentary Qantas Club lounge invitations per year.
  • Lots of business benefits and offers, including up to $200 back with Dell Technologies each year and up to 99 employee cards.

🧪 Methodology: How we chose our Top Picks

To determine the top picks for different credit card categories, Finder’s experts examine over 250 cards in our database every month. We narrow it down to cards available through Finder and analyse them based on the rates, fees, offer details and other factors specific to the category.

In addition to the factors listed, we may consider any additional features or introductory offers that are relevant and have the potential to offer additional value. All our top picks are from credit card brands Finder has a commercial partnership with and may not always be best for you. Based on your situation, you may find certain features to be more or less important, so compare your options before you apply.

Why you can trust Finder's research

Rates
250+ credit cards compared
Expert
Analysis from the experts
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Picks updated regularly

Read our in-depth methodology

A credit card can be a great tool to help you buy what you need, earn rewards, or pay off other debt. But credit cards aren't right for everyone. If you're carrying a balance from month to month and paying interest, it might be worth comparing personal loans or even a buy now, pay later service for smaller purchases.

How do I find the best credit card for me?

The ideal credit card is different for everyone (which is why there's not a single "best" credit card). But there are a few things that have universal appeal, including:

  • Low fees and interest rates to help you save on credit card costs
  • Rewards, travel perks or other extras that you can use to get more value
  • A long 0% balance transfer period if you want to pay off existing debt without interest
  • A bank you want to deal with (think good service, a cool app or mobile payments)

Types of credit card offers and how to find the right one for you

There are hundreds of credit cards in Australia for both personal and business spending. These cards can be narrowed down into 5 main categories or "types". Different cards will work for different people. Here's how to find one based on your credit card habits:

medal - pay off your balance
If you want to earn points for your spending

If you use your card for everyday spending and want to be rewarded, you could check out frequent flyer, cashback or rewards credit cards that offer extra value per $1 spent. New cards usually offer thousands of bonus points as an incentive for new customers and sometimes discount the annual fee (which can be higher than on some no-frills cards). With these types of cards, always aim to pay off your balance in full every month.

If you only use your credit card for emergencies
If you only use your credit card for emergencies

This is one of the most common reasons Australians get a credit card, with Finder research showing 41% of Australians got their last credit card for emergencies. When that's the case, a no annual fee card costs you nothing to keep. And if you pay it off in full each month, it could cost you nothing at all.

pay off your balance in full
If you carry a balance from month to month

Carrying a balance from month to month can be handy but also expensive, with the average credit card interest rate currently at 19.82% p.a. A card with a low interest rate (typically 8.99% - 14.99% p.a.) would save you money in the long run.

If you already have credit card debt
If you already have credit card debt

A balance transfer credit card can help you save money and simplify your payments by offering a low or 0% interest rate on debt you move to the new card. Balance transfers offers usually last 6-36 months, giving you some time to pay off your debt without having to pay interest. If you have a few debts, combining them can also help you save on rates and fees.

If you want a credit card for your business
If you want a credit card for your business

Some sole traders and small business owners will choose a personal credit card for their work spending. But business credit cards offer you more expense management tools and features such as detailed statement breakdowns, automatic feeds for accounting software and cards for employees. They're also more likely to offer rewards for spending with the ATO and other government bodies.

New to credit cards?

If you're not sure what some of the terms on this page mean, you can check out Finder's guide to credit cards for beginners to learn how they work. It also has a comparison of cards typically suited to new cardholders, including low rate, no annual fee and student credit cards.

Compare to find the best credit card for you

Name Purchase rate p.a. Bonus points Points per $ spent Interest-free period Balance transfer rate p.a. Annual fee
Kogan Money Card – Exclusive Offer
ExclusiveKogan Rewards Program
Purchase rate p.a.
20.99%
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 1% balance transfer fee, then 21.74%
Annual fee
$0
Go to siteMore Info
0% Balance Transfer Offer
Get 0% p.a. on balance transfers for 18 months with a 1% balance transfer fee. Plus an ongoing $0 annual fee.
Bankwest Breeze Classic Mastercard
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
$49
Go to siteMore Info
0% Interest Offers
Save with 0% p.a. on purchases and balance transfers for 12 months (with a 2% BT fee).
Latitude 28° Global Platinum Mastercard
Purchase rate p.a.
26.99%
Bonus points
N/A
Points per $ spent
N/A
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
Annual fee
$0
Go to siteMore Info
0% Foreign Currency Conversion Fees
Save with 0% international transaction fees on purchases. Plus, complimentary Flight Delay Pass and global data roaming.
Coles No Annual Fee Mastercard
Flybuys
Purchase rate p.a.
0% for 6 months, then 19.99%
Bonus points
20,000
Points per $ spent
0.5
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
19.99%
Annual fee
$0
Go to siteMore Info
20,000 Bonus Flybuys Points
Get 20,000 bonus Flybuys points (worth $100 Flybuys Dollars) and 0% interest on purchases for the first 6 months.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
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 ($129 after)
Go to siteMore Info
0% Balance Transfer Offer
Get 0% p.a. on balance transfers for 24 months (with no BT fee) and a $0 annual fee in the first year.
NAB Low Rate Credit Card
Purchase rate p.a.
12.49%
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
0% Balance Transfer Offer
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.
Qantas Premier Platinum
Qantas Frequent Flyer
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 21.99%
Annual fee
$349 first year ($399 after)
Go to siteMore Info
Up to 80,000 Bonus Points
Earn up to 80,000 bonus Qantas Points. Plus, save with a reduced first-year annual fee and 0% p.a. for 12 months on balance transfers.
Westpac Low Rate Card
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.
0% for 28 months, then 21.49%
Annual fee
$59
Go to siteMore Info
0% Balance Transfer Offer
Save with a 0% p.a. interest rate on balance transfers for 28 months. Plus, a low 13.74% p.a. purchase interest rate.
Bankwest Breeze Platinum Mastercard
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
0% Interest Offers
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.
Qantas Premier Everyday
Qantas Frequent Flyer
Purchase rate p.a.
19.99%
Bonus points
8,000
Points per $ spent
0.75
Interest-free period
Up to 55 days on purchases
Balance transfer rate p.a.
0% for 12 months, then 21.99%
Annual fee
$49
Go to siteMore Info
Balance Transfer & Bonus Points
Get 2 bonus Qantas Points per $1 spent on eligible purchases in the first 4 months (up to 8,000 points), plus complimentary insurance.
NAB Qantas Business Signature Card
Qantas Business Rewards
Purchase rate p.a.
18.5%
Bonus points
150,000
Points per $ spent
0.66
Interest-free period
Up to 44 days on purchases
Balance transfer rate p.a.
Annual fee
$295
Go to siteMore Info
150,000 Bonus Points Offer
Receive 150,000 bonus Qantas Points when you spend $4,000 on everyday business purchases in the first 60 days. ABN required.
Qantas American Express Ultimate Card
Qantas Frequent Flyer
Purchase rate p.a.
23.99%
Bonus points
60,000
Points per $ spent
1.25
Interest-free period
Up to 44 days on purchases
Balance transfer rate p.a.
Annual fee
$450
Go to siteMore Info
60,000 bonus Qantas Points
Get 60,000 bonus Qantas Points when you spend $3,000 in the first 3 months. Plus, a yearly $450 Travel Credit.
American Express Qantas Business Rewards Card
Qantas Business Rewards
Purchase rate p.a.
0%
Bonus points
100,000
Points per $ spent
1.25
Interest-free period
Up to 51 days on purchases
Balance transfer rate p.a.
Annual fee
$450
Go to siteMore Info
100,000 Bonus Qantas Points Offer
ABN holders w/ $75k revenue. Earn 100,000 bonus Qantas Points when you spend $3,000 in the first 2 months.
NAB Rewards Business Signature Card
NAB Rewards
Purchase rate p.a.
18.5%
Bonus points
100,000
Points per $ spent
1.25
Interest-free period
Up to 44 days on purchases
Balance transfer rate p.a.
Annual fee
$175
Go to siteMore Info
100,000 Bonus Points
Get 100,000 bonus NAB Rewards points when you spend $4,000 on everyday business purchases in the first 60 days. ABN required.
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Why you can trust Finder's credit card experts

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We're free

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Unlike other comparison sites, we're not owned by a bank or lender. That means our opinions are our own and you can compare nearly every credit card in Australia on Finder.
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We're here to help

Since 2012, we've helped almost 6 million people find a credit card by comprehensively comparing offers. We'll never ask for your personal information. We're here to help you make a decision.

Frequently asked questions

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But Finder may receive compensation when you click links on our site. Learn more about how we make money from our partners.

2023 Finder Award winners and finalists

Find out which brands took first place at the 2023 Finder Awards.

Every year the Finder Credit Card Awards celebrate Australia's top credit cards, with expert analysis on rates, fees and offers based on 12 months' worth of data. The awards cover categories including balance transfers, travel and frequent flyer rewards – with separate categories for cards that earn Qantas and Velocity Points.

As offers change frequently, these cards might not currently have the most competitive deals but you can use them as a benchmark against current offers.

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