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Credit cards for shopping this Christmas

From 0% p.a. interest rates to bonus points, discover how you can make the most of a credit card this Christmas.

Christmas is the season for giving. Unfortunately, it's also the time year when many of us turn to plastic to pay for gifts, food and everything else. But what if you took control of your Christmas spending before it got out of hand?

It is possible and it's simple to do – it just starts with knowing what your options are. So, let's take a look at different credit cards that could suit your goals.

Buy now, pay later: Credit cards with 0% purchase rate offers

These credit cards help you save on interest charges by offering you a 0% p.a. interest rate on purchases during the introductory period. After that, any debt left on the card will be charged interest at a higher standard rate. But if you can pay off the card before the introductory period ends, you may be able to avoid any interest charges on your Christmas shopping.

Rates last updated August 23rd, 2019
$
Name Product Product Description Purchase rate (p.a.) Balance transfer rate Annual fee Interest Free Period Amount Saved
St.George Vertigo Classic - Exclusive Offer
Finder Exclusive:
Low rate card offering 0% p.a. interest on purchases for the first 14 months and on balance transfers for 6 months. Plus, a $0 first year annual fee.
0% for 14 months, reverts to 13.99% p.a.
0% p.a. for 6 months
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Up to 55 days on purchases
Citi Rewards Platinum Credit Card - Exclusive Offer
Finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
0% for 13 months, reverts to 20.99% p.a.
0% p.a. for 13 months
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Up to 55 days on purchases
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Enjoy 0% p.a. interest on purchases for 14 months, a reduced first year annual fee and Velocity Points per $1 spent.
0% for 14 months, reverts to 20.74% p.a.
0% p.a. for 6 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Up to 44 days on purchases
Westpac Low Fee Platinum Card
Save with a $0 first year annual fee and a 0% p.a. interest rate for 9 months on purchases with platinum perks.
0% for 9 months, reverts to 20.09% p.a.
$0 p.a. annual fee for the first year ($90 p.a. thereafter)
Up to 55 days on purchases
HSBC Platinum Credit Card
0% p.a. on purchases and balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
0% for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
$129 p.a.
Up to 55 days on purchases
St.George Amplify
Take advantage of 0% p.a. interest on purchases for the first 14 months. Plus earn uncapped Amplify or Qantas Points per dollar spent.
0% for 14 months, reverts to 19.74% p.a.
$79 p.a.
Up to 55 days on purchases
Bank of Melbourne Amplify Card
Take advantage of 0% p.a. interest on purchases for the first 14 months. Plus, your choice of Amplify or Qantas Points.
0% for 14 months, reverts to 19.74% p.a.
$79 p.a.
Up to 55 days on purchases
BankSA Amplify
Take advantage of 0% p.a. interest on purchases for the first 14 months. Plus, your choice of Amplify or Qantas Points.
0% for 14 months, reverts to 19.74% p.a.
$79 p.a.
Up to 55 days on purchases

Compare up to 4 providers

Earn points as you spend: Frequent flyer and reward credit cards

These credit cards offer you points per $1 spent on eligible purchases, including groceries, petrol and retail spending. If you want to get a new frequent flyer or rewards card before Christmas, you could also collect thousands of bonus points through an introductory offer. Usually, these offers require you to meet a spend requirement – such as $3,000 in the first 3 months – so putting all your holiday spending on the card could help you reach this goal faster.

Save on overseas shopping: Cards with no foreign transaction fees

If you're planning to do a lot of Christmas shopping online or you're heading overseas, these credit cards can help keep your costs down by waiving the usual 2-3% fee that most cards charge for transactions that are made online or overseas with an international retailer.

Rates last updated August 23rd, 2019
Name Product Foreign Currency Conversion Fee Overseas ATM Withdrawal Fee Overseas Cash Advance Fee Annual fee Product Description
Latitude 28° Global Platinum Mastercard
0% of transaction value
$0
3% of the cash advance or $4 (whichever is greater)
$0 p.a.
No foreign transaction fees on international purchases including international purchases online, together with a no annual fee.

Compare up to 4 providers

Shop without the frills: Low rate and $0 annual fee cards

If you want to save on costs and don't need all of the trimmings this Christmas, you might want to consider a credit card that offers a low ongoing interest rate or no annual fee. The competitive rates and fees on these cards can help keep your costs down during the silly season and beyond. Just keep in mind that some low rate and no annual fee cards are also lighter on perks such as rewards or complimentary insurance.

Compare low rate credit cards

Rates last updated August 23rd, 2019
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate Product Description
Latitude Low Rate Mastercard
11.99% p.a.
Up to 55 days on purchases
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.
Citi Clear Platinum Credit Card
12.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
0% p.a. for 14 months
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
St.George Vertigo Classic - Exclusive Offer
0% for 14 months, reverts to 13.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 6 months
Finder Exclusive:
Low rate card offering 0% p.a. interest on purchases for the first 14 months and on balance transfers for 6 months. Plus, a $0 first year annual fee.
Bendigo Bank Low Rate Mastercard
11.99% p.a.
Up to 55 days on purchases
$45 p.a.
0% p.a. for 18 months with 2% balance transfer fee
Take advantage of 0% p.a. for 18 months on balance transfers, plus a low variable purchase interest rate of 11.99% p.a. on purchases.
St.George Vertigo Platinum
12.99% p.a.
Up to 55 days on purchases
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
0% p.a. for 18 months
Features a long-term 0% balance transfer offer, $49 first year annual fee and access to a 24/7 personal concierge service.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$58 p.a.
0% p.a. for 15 months
With a low minimum credit limit of $1,000, this no frills card allows you to add up to 3 additional cardholders for $0.
St.George Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 16 months
Get 0% p.a. interest for up to 16 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
BOQ Low Rate Visa Credit Card
13.49% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 14 months
A no-frills card offering 0% on balance transfers for the first 14 months with no balance transfer fee. Plus, a competitive purchase interest rate.
Virgin Money Low Rate Credit Card
11.99% p.a.
Up to 44 days on purchases
$49 p.a.
0% p.a. for 14 months
Get a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and a 14-month balance transfer.
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 16 months
A no frills, low rate card offering 0% p.a. interest on balance transfers for the first 16 months, with no balance transfer fee.

Compare up to 4 providers

Compare credit cards with no annual fees

Rates last updated August 23rd, 2019
Name Product Annual fee Purchase rate (p.a.) Balance transfer rate Product Description
Latitude 28° Global Platinum Mastercard
$0 p.a.
21.99% p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes, global wifi access and a concierge service.
St.George Vertigo Classic - Exclusive Offer
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% for 14 months, reverts to 13.99% p.a.
0% p.a. for 6 months
Finder Exclusive:
Low rate card offering 0% p.a. interest on purchases for the first 14 months and on balance transfers for 6 months. Plus, a $0 first year annual fee.
Citi Clear Platinum Credit Card
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
12.99% p.a.
0% p.a. for 14 months
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
St.George No Annual Fee
$0 p.a.
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Receive up to 55 days interest-free on purchases, a low minimum credit limit of $500 and a long-term balance transfer offer.
HSBC Platinum Qantas Credit Card
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
19.99% p.a.
0% p.a. for 12 months
Save with a $0 first year annual fee and a long-term balance transfer offer. Plus, complimentary travel insurance.
Citi Rewards Platinum Credit Card - Balance Transfer Offer
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
20.99% p.a.
0% p.a. for 26 months with 1.5% balance transfer fee
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 26 month balance transfer offer, plus $0 first year annual fee.
BOQ Platinum Visa Credit Card
$0 p.a. annual fee for the first year ($129 p.a. thereafter)
20.74% p.a.
0% p.a. for 12 months
Enjoy 1,000 bonus Q Rewards points monthly when you meet the spend requirement, a 12-month balance transfer offer and $0 first year annual fee.
Westpac Low Fee Platinum Card
$0 p.a. annual fee for the first year ($90 p.a. thereafter)
0% for 9 months, reverts to 20.09% p.a.
Save with a $0 first year annual fee and a 0% p.a. interest rate for 9 months on purchases with platinum perks.
Virgin No Annual Fee Credit Card
$0 p.a.
18.99% p.a.
6.9% p.a. for 36 months
Offers 6.9% p.a. for 36 months on balance transfers and up to 44 days interest-free on purchases, all for a $0 annual fee.
Bank of Melbourne No Annual Fee Card
$0 p.a.
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Take advantage of 0% p.a. for 12 months on balance transfers, up to 55 days interest-free on purchases and no annual fee for the life of the card.

Compare up to 4 providers

Deal with Christmas credit card debt: Balance transfer cards

If you're planning to pay on plastic over Christmas, a balance transfer credit card could help you manage your debt in the new year. These cards offer an introductory low or 0% interest rate when you transfer debt from your existing card over to the new one. At the end of the introductory period, a higher standard interest rate applies for any debt remaining from the transfer. But with introductory periods usually ranging from 12 to 24 months, these cards can help you save on interest costs and clear your debt faster.

Rates last updated August 23rd, 2019
$
% p.a.

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Name Product Balance transfer rate Purchase rate (p.a.) Annual fee Amount Saved Product Description
HSBC Platinum Credit Card
0% p.a. for 12 months
0% for 12 months, reverts to 19.99% p.a.
$129 p.a.
0% p.a. on purchases and balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
Westpac Low Rate Card
0% p.a. for 16 months
13.74% p.a.
$59 p.a.
A no frills, low rate card offering 0% p.a. interest on balance transfers for the first 16 months, with no balance transfer fee.
Citi Rewards Platinum Credit Card - Balance Transfer Offer
0% p.a. for 26 months with 1.5% balance transfer fee
20.99% p.a.
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 26 month balance transfer offer, plus $0 first year annual fee.
Virgin Money Low Rate Credit Card
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Get a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and a 14-month balance transfer.
Suncorp Clear Options Platinum Credit Card - Exclusive Offer
0% p.a. for 20 months
20.74% p.a.
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Finder Exclusive ends 31 August 2019:
Save with a 0% balance transfer offer and a $49 first year annual fee when you apply online.
Bendigo Bank Low Rate Mastercard
0% p.a. for 18 months with 2% balance transfer fee
11.99% p.a.
$45 p.a.
Take advantage of 0% p.a. for 18 months on balance transfers, plus a low variable purchase interest rate of 11.99% p.a. on purchases.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
0% p.a. for 18 months
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 75,000 bonus Velocity Points and save with a $64 first year annual fee. Plus, a long-term balance transfer offer.
St.George Vertigo Classic
0% p.a. for 16 months
13.99% p.a.
$55 p.a.
Get 0% p.a. interest for up to 16 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
St.George Vertigo Platinum
0% p.a. for 18 months
12.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Features a long-term 0% balance transfer offer, $49 first year annual fee and access to a 24/7 personal concierge service.
ANZ First Visa Credit Card
0% p.a. for 18 months with 2% balance transfer fee
20.24% p.a.
$30 p.a.
Get up to 18 months interest-free on balance transfers and save with a low $30 annual fee. Plus, up to 55 days interest-free on purchases.

Compare up to 4 providers

How can I compare credit cards this Christmas?

family shopping with credit card on Christmas day

If you're looking for a new credit card this Christmas, here are the key details to keep in mind when you're comparing different options:

  • Introductory 0% interest offers. Many of these cards will offer you an introductory 0% on purchases, balance transfers or both. Remember to check the length of the introductory offer, so you know how long your balance will be interest-free.
  • Standard interest rates. It's essential you check the card's standard variable interest rates for purchases, balance transfers and cash advances. These rates will apply as soon as any 0% p.a. interest period ends and could add a lot to your balance.
  • Annual fee. Make sure you check this cost before you apply, keeping in mind that some cards offer a reduced or $0 annual fee in the first year before the standard fee applies.
  • Bonus points. The bonus point offers available on some reward and frequent flyer credit cards can give you hundreds of dollars extra value when you first sign up. Just remember to check the offer requirements, as you'll usually need to spend a set amount in the first few months before you'll get the points.
  • Rewards. If you want a card that rewards you for your spending, make sure you look at the standard number of points you'll earn per $1 spent and check for any points caps. It's also a good idea to browse the rewards website and get an idea of how many points you'll need to redeem different items so you can find a program that's worth it for you.
  • Extras. Complimentary perks such as travel insurance, extended warranty cover, airport lounge access and concierge services can help you get more value from a credit card. But think carefully about whether you'll use these extras and weigh them against the cost of the card to decide if it's worth it.

Three tips for using a credit card this Christmas

Whether you're getting a new card or using one you already have, these tips can help you manage your balance:

  1. Keep track of your balance. It's easy to overspend when you're shopping for presents, food, drinks and everything else at this time of year. But taking a moment to log in to your credit card's mobile or Internet banking app and check the balance can help you stick to your budget.
  2. Plan your repayments. credit card repayment calculatorUse the to work out how much you can afford to pay off the card each month. This will give you a clear goal for paying off your account and can help you reduce interest charges.
  3. Compare other cards. Before you start shopping, take a moment to check if your credit card has competitive rates, fees and perks compared to other options. This could help you save on interest charges or get extra perks, such as points or refund insurance, as you shop. Meanwhile, if you've spent way more than expected and are being charged interest on your balance after Christmas, you could also look at moving the debt to a credit card that offers 0% p.a. interest on balance transfers to help you save on interest charges.

It's easy to get carried away with a credit card at this time of year but that doesn't have to mean running up a huge debt. Taking some time to compare different Christmas credit card offers based on your budget and needs will help you find a card that works for you.

Pictures: Shutterstock

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