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 different 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.
0% p.a. for 14 months on balance transfers
$0 first year annual fee
Offer ends 31 March 2019
Eligibility criteria, terms and conditions, fees and charges apply
Citi Low Rate Credit Card Offer
Save with a $0 annual fee for the first year and a long-term balance transfer offer. Plus, enjoy complimentary insurance covers.
- $0 p.a. annual fee for the first year ($99 p.a. thereafter).
- 12.99% p.a. on purchases
- 0% p.a. for 14 months with 0% BT fee on balance transfers
- Cash advance rate of 21.74% p.a.
- Up to 55 days interest free
- Minimum income requirement of $35,000 p.a.
Compare some of the best credit cards
* The offers compared on this page are chosen from a range of products finder.com.au has access to and are not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of the terms "best" and "top" are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.
Compare finder's credit cards picks
- Westpac Low Rate Card. A long term balance transfer card with a low annual fee.
- St.George Amplify Signature - Qantas. Earn points and fly further with this frequent flyer credit card.
- Qantas American Express Ultimate Card. Get a generous bonus points offer when you meet the spend requirement.
- American Express Velocity Platinum Card. Earn points, get status credits, lounge passes and a bonus points offer.
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 gold, 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 this guide 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? If you have an existing credit, store or charge card debt that's being charged interest, a balance transfer credit card can help you save money and pay off the debt faster.
How can I find the best balance transfer credit card?
- Compare balance transfer offers. Most balance transfer cards offer an introductory 0% interest rate, so you’ll need to look at how many months this rate applies and what interest rate is charged at the end of the introductory period.
- Check for fees. As well as the annual fee, check to see if a one-off balance transfer fee will apply.
finder.com.au’s pick for balance transfers: HSBC Platinum Credit Card
This card offers 0% p.a. on balance transfers for 22 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 p.a. annual fee that will be refunded each year you spend at least $6,000 on the card.
Interested in other offers? Compare more balance transfer credit cards now.
Frequent flyer credit cards
- What are they? Frequent flyer credit cards give you a way to earn points on your everyday purchases, either directly or by transferring card reward points to your chosen airline loyalty program.
- Who are these cards suited to? If you’re a frequent flyer member and pay the balance off your credit card each month, this type of card will help you earn more frequent flyer points.
How can I find the best frequent flyer credit card?
- What frequent flyer 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 other cards that allow you to transfer credit card reward points to partnered frequent flyer programs, such as American Express Membership Rewards or Westpac Altitude Rewards cards.
- Compare the earn rate. This refers to the number 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 you based on your usual spending.
- Other valuable features. Are there any bonus points on offer, complimentary insurance, airport lounge passes or an annual fee waiver?
finder.com.au’s pick for Qantas Points: ANZ Frequent Flyer Black credit card
The ANZ Frequent Flyer Black credit 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 ANZ Frequent Flyer Black credit card and spend $7,500 on eligible purchases within the first 3 months. This card also offers $150 back to your new card and 75 bonus Status Credits when you meet the relevant spend requirements. This card charges a $425 p.a. annual fee.
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.
Check out more bonus point offers and compare other frequent flyer cards now.
Rewards credit cards
- What are they? These credit cards give you points for your everyday spending, which you can then use to redeem rewards such as travel, frequent flyer points, merchandise and gift cards.
- Who are these cards suited to? If you often pay with a credit card and want to get more value from your account, a rewards credit card offers flexible points without tying you to a single frequent flyer program.
How can I find the best rewards credit card for me?
- What rewards do you want? Each rewards program offers a range of ways you can use points with different partners, ranging from travel booking services to frequent flyer programs, department stores and online reward centres. Make sure the one you choose offers rewards you’ll actually use.
- Compare earn rates and point caps. Look at how many points you’ll earn per $1 spent and whether there is a monthly or yearly points cap that could limit your rewards.
- Look at bonus points, perks and fees. Bonus point offers can give you extra value when you first get a card, while other perks such as complimentary travel insurance or airport lounge passes offer value when you travel. Also check the card’s annual fee to work out if the value of rewards and perks will outweigh it.
finder.com.au's pick for credit card rewards: American Express Explorer card
The American Express Explorer offers new cardholders 50,000 bonus Membership Rewards when you apply online, are approved and spend at least $3,000 in the first three months. You'll also earn 2 points per $1 spent on eligible purchases. This card also offers a $400 Travel Credit, complimentary airport lounge passes and charges a $395 p.a. annual fee.
Want to earn more points per $1 spent? Compare a range of reward credit cards now.
0% foreign transaction fee credit cards
- What are they? These cards don’t charge a transaction fee when you make payments overseas or online with a retailer that’s based overseas. In comparison, most other cards charge a foreign transaction fee of around 2% to 3% each time you make a payment overseas.
- Who are these cards suited to? If you travel a lot or shop at online stores that are based overseas, a 0% foreign transaction fee credit card can help you save on costs.
How can I find the best 0% foreign transaction fee credit card for me?
- Compare the rates and fees. While these cards give you 0% overseas transaction fees, make sure you also look at the annual fee and interest rates that apply so you can decide if the $0 foreign transaction fee is worth it.
- Are there other travel benefits? Some of these cards offer extras such as complimentary international travel insurance, airport lounge passes or rewards that can help you save even more on your trip.
finder.com.au’s pick for no foreign transaction fees: Bankwest Zero Platinum Mastercard
As well as no foreign transaction fees, the Bankwest Zero Platinum Mastercard also comes with a $0 p.a. annual fee and up to 55 interest-free days on purchases. You can also travel with peace of mind thanks to complimentary international travel insurance and free worldwide emergency card replacement.
Check out other 0% foreign transaction fee credit cards, including options with $0 annual fee and rewards.
Cards with low or 0% purchase rates
- What are they? These credit cards offer a lower ongoing, variable interest rate on purchases when compared to other cards.
- Who are these cards suited to? If you plan on paying off purchases over time and want to keep your interest charges to a minimum, a low rate credit card could be a good option.
How can I find the best low rate 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. Also check the cash advance rate and when that will apply.
- 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 0% purchase interest rates: Virgin Australia Velocity Flyer card (Exclusive to Finder)
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. Exclusive to applicants who apply through Finder by 31 March 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.
Compare more low rate credit cards to find one that’s right for you.
No annual fee credit cards
- What are they? These cards charge no annual fee.
- Who are these credit cards suited to? If you regularly pay off your balance each month, a $0 annual fee card will keep your costs to a minimum. This type of card is also practical if you rarely pay with plastic as the maintenance fees won’t burn a hole in your pocket while you’re not using it.
How can I find the right low or no annual fee credit card?
- Compare the annual fee details. Some $0 annual fees will last for life but others only apply for a promotional period, such as the first year.
- Interest rates. You should also check the interest rates and ensure that the interest costs won’t outweigh the low-fee benefit if you’re planning to carry a balance.
finder.com.au’s pick for no annual fee: Citi Simplicity card
The Citi Simplicity Card boasts no annual fee for life. You can also save with 0% p.a. for 6 months on balance transfers. A a one-time balance transfer fee applies. At the end of the promotional period, any remaining balances will attract the cash advance rate.
Want to save on card costs? Compare other cards with no annual fees.
Student credit cards
- What are they? Low-cost credit card options that are available for students who need a convenient line of credit.
- Who are these credit cards suited to? Students who are looking for affordable credit card options and who may not qualify for other cards. They're also a good way to build credit history and learn the responsibilities of debt.
Which student credit card is right for me?
- Are you eligible? Like most credit cards, these products have minimum income, employment and residency criteria you have to meet in order to be eligible. For example, most cards have a minimum income requirement of $15,000 p.a. or will need a guarantor (such as a parent) to share the financial responsibilities of the card.
- Compare key features. Although you should aim to pay your balance in full each month, you need to consider the interest rate that will apply to your purchases. You should also compare the annual fee and foreign transaction fees if you plan to use the card overseas.
finder.com.au’s pick for students: ANZ Low Rate card
The ANZ Low Rate credit card has a low 12.49% p.a. purchase rate and competitive $58 p.a. annual fee. It also has a low minimum income of $15,000, which could be suitable if you have a part time or casual job while you’re studying.
Want to compare other cards you might be eligible for? See our guide to student credit cards for more.
Business credit cards
- What are they? A business credit card can offer a convenient line of credit to help manage fluctuations in cash flow. You can also easily manage employee spending by requesting additional cards and linking it with your accounting software. Some cards also allow you to earn reward points on eligible business purchases.
- Who are these cards suited to? Depending on the card, they are suited to sole traders, small-to-medium businesses and corporate entities. You must have an ABN to apply.
How can I find the best credit card for my business?
- Consider the card features. Some business credit cards are linked to rewards or frequent flyer programs, offer complimentary insurance or can be linked with your business’s accounting software.
- Assess the costs. If cash flow issues mean you won’t always pay your card in full by the end of the statement period, consider a card with a 0% or low purchase rate. Otherwise, you may want to consider a card with a low annual fee.
finder.com.au’s pick for businesses: NAB Rewards Business Signature card
The NAB Rewards Business Signature card offers new cardholders 100,000 bonus NAB Rewards points when they apply and spend $4,000 in the first 60 days. You’ll also continue to earn NAB Rewards on eligible purchases, which you can redeem for travel with Webjet, gift cards and frequent flyer points with Velocity, Asia Miles or Air New Zealand Airpoints. This card also offers complimentary insurance and a personal concierge service with an annual fee of $175 per card.
Compare other credit cards suited to business card holders.
Credit cards with contactless mobile payments
- What are they? These cards are linked to mobile wallets such as Apple Pay, Samsung Pay and Google Pay, allowing you to tap and pay with your smartphone at the checkout.
- Who are these cards suited to? Cardholders who want to cut their time at the checkout and spend without their card.
Some banks have their own mobile wallets and others are partnered with Apple Pay, Samsung Pay or Google Pay. Check out our comparison of cards with contactless payments to weigh up your options.
finder.com.au's pick for mobile wallets: American Express Essential card
Not only is the Amex Essential card one of the few that's linked with Samsung Pay, Google Pay and Apple Pay, it also comes with $500 worth of smartphone screen insurance each year. This will come in handy if you drop your phone on the go and need to send it in for repairs. This card also charges a annual fee and is linked to the Membership Rewards program.
Get more value from a credit card by comparing the latest offers and applying now. Or leave a question for us below if you want to know more!