Whether you want rewards, low rates, $0 annual fees or complimentary extras, compare credit cards so you can find the right one for you.
Here, you can compare credit cards from a range of providers based on the features you want. We also walk you through the different types of credit cards available and important details to remember when comparing your options so that you can apply for one that meets your needs.
What type of credit card are you looking for?
St.George Credit Card Offer
A platinum card from St.George which lets you enjoy a long-term balance transfer offer and a low ongoing interest rate of 12.74% p.a. on purchases.
- $99 p.a. annual fee
- 12.74% p.a. on purchases
- 0% p.a. for 20 months on balance transfers
- Cash Advance Rate of 21.49% p.a.
- Up to 55 days interest free
Compare the latest credit card offers
Compare credit card rates and fees
Compare the rates, features and fees of the credit cards below.
|Credit Card||Purchase Rate||Annual Fee|
|19.74% p.a.||$30 p.a.|
|11.49% p.a.||$49 p.a.|
|13.49% p.a.||$59 p.a.|
|19.99% p.a.||$89 p.a.|
What types of credit cards can I compare?
Different types of credit cards offer specific features and benefits that are designed to suit a variety of needs. When you know what you want from a credit card, you can narrow down your comparison to a few cards by using these categories. To help you do this, we’ve outlined the major credit card categories below:
Balance transfer cards
If you have existing credit card debt, a balance transfer credit card can help you save on interest charges and pay it off faster by offering you a promotional low or 0% interest rate for an introductory period. After the promotional period has ended, any debt remaining from the transfer attracts a higher, standard interest rate.
To compare balance transfer credit cards, make sure you look at the length of the introductory period, the rate of interest applied to any remaining debt after that time and any one-off balance transfer fees that may apply. This will help you choose the right card and budget accordingly.
Rewards credit cards
These credit cards offer you rewards for every $1 spent on eligible purchases, including most everyday transactions. When you compare rewards credit cards, make sure you consider the type of rewards program, the rewards you can redeem and the rate at which you earn rewards (usually points per $1 spent).
It's also important to look at the card's interest rates, annual fee and any complimentary extras, such as travel insurance or airport lounge passes. The goal with a rewards credit card should always be to get more value from the program than what you pay in fees, so make sure you consider the value of the rewards you'll earn based on your average spending.
Frequent flyer credit cards
Some rewards credit cards are linked to popular frequent flyer programs such as Qantas Frequent Flyer and Velocity Frequent Flyer. These cards earn frequent flyer points per $1 spent on the card and may also offer other travel benefits such as complimentary insurance, flights or airport lounge access. As with other rewards credit cards, when you compare frequent flyer cards, you need to look at the rewards program available, the amount of points you earn per $1 spent, the card fees and any complimentary extras to make sure it’s worth it for you.
No annual fee credit cards
These credit cards have a $0 annual account fee, potentially saving you hundreds of dollars. Some no annual fee credit cards only offer a $0 fee for the first year you have a card, while others have no annual fee for life. Make sure you consider both of these options when you compare no annual fee cards, so that you can choose one that offers the most convenient features and greatest savings for your circumstances.
Low interest credit cards
Low interest credit cards are designed to save you money on your balance by offering a competitive rate of interest. Some of these cards may offer a promotional low or 0% interest rate for purchases, while others offer a low ongoing interest rate. If you regularly carry a balance on a credit card, a low rate option could save you hundreds or even thousands of dollars every year.
How much can I save with a low rate card?
To see how much value a low rate card offers, let’s compare a $1,000 debt on a credit card with an interest rate of 18% p.a. and a card with a lower rate of 12% p.a. If you only paid the minimum, it would take 7 years and 9 months to pay off the 18% p.a. card and would cost $861 in interest. With the low rate card, it would take 5 years and 10 months and cost $393 – that’s a saving of 1 year and 11 months and $468 in interest charges.
Student credit cards
If you're studying, you may want to get a credit card to help you manage your finances or build up credit history. As most students don’t earn a lot of money, student credit cards typically have lower minimum income requirements and lower credit limits. These cards offer basic features that can help you with cashflow and can be a good way to learn how credit cards work. If you’re interested in getting a student credit card, make sure you consider the income requirements, credit limit and annual fees to find an option that is both flexible and affordable.
Business credit cards
Business credit cards offer specific features designed to make financial management easier across the company, such as additional credit cards for employees, individual pre-set spending limits and itemised statements. If you’re comparing business credit cards, make sure you consider which extra features you want (including rewards programs) as well as the interest rates and fees so that you can get an option that’s affordable and convenient for your finance and accounting needs.
Travel credit cards
You can use almost any credit card when travelling but some cards come with specialised features and benefits to help you save you money on every trip you take. Depending on the card you choose, perks could include complimentary overseas insurance, domestic flight inconvenience insurance, car hire coverage, frequent flyer points, hotel offers, airport lounge access and no foreign transaction fees. To compare travel credit cards, make sure you consider how often you’ll use these features, as well as the ongoing card costs, so that you can find one that offers value for money and covers your travel needs.
Gold, platinum and black credit cards
Gold, platinum and black credit cards are premium options designed for bigger spenders. They have higher credit limits and more additional benefits such as complimentary insurance, higher reward point earn rates and shopping and travel perks. It’s important to check the minimum income requirements when comparing gold, platinum and black credit cards, as they are often higher than standard cards. Also make sure you consider whether the benefits available will outweigh the cost of interest charges and annual fees – both of which may be higher on a premium card.
Other credit cards
Most credit cards fall into one or more of the categories above. But if you’re looking for a specific feature, you may also want to consider comparing credit cards listed in the following niche categories:
- Cashback credit cards. This type of credit card rewards you with cashback or a credit on your account when you meet specific spending requirements. Some cashback credit cards offer a percentage back for each $1 you spend (similar to rewards credit cards), while others offer a fixed rate of cashback, usually as an introductory promotion.
- 0% foreign fees. These credit cards don’t charge a fee for transactions made in an international currency or with an overseas retailer, potentially saving you 2% to 3.5% per purchase.
- 0% purchase and balance transfer cards. Some credit cards offer 0% interest for both purchases and balance transfers. These cards allow you to save money on both old and new credit card debt for a limited amount of time before standard interest rates kick in.
- Credit cards with introductory offers. Many credit cards come with introductory offers, such as 0% interest, reduced or $0 annual fees and bonus points. These deals are designed to give you more value when you choose a particular card, but only for the short-term.
- Credit union credit cards. The credit cards provided by credit unions offer competitive value through lower rates, fees and other features.
- Debt consolidation credit cards. These balance transfer cards can provide you with an affordable option when you have several debts that you would like to combine and pay off on one account.
You can also check out our exclusive credit card deals for the latest introductory and signup offers that aren’t available anywhere else.
How to compare credit cards
Regardless of the type of credit card you’re looking for, it’s important to consider a range of factors to find a card that’s right for you. Here, we’ve outlined the key features you should look at when you compare credit cards.
Credit cards often come with promotional features for new customers that are designed to add upfront value to the card you choose. Some of the most popular introductory offers include:
- Bonus points
- 0% balance transfer interest rates
- 0% purchase rates
- Reduced or $0 annual fees in the first year
- Cashback, gift cards or flight vouchers
If you’re comparing credit cards with introductory offers, make sure you look at the ongoing features to get a true sense of the value the card will provide in the long run. Also check the length of the introductory period and any other conditions you need to meet to claim the offer available. For example, a reward card offering bonus points might require you to spend a certain amount of money in the first few months you have it, while a balance transfer offer might only be available if you include your transfer request when you apply.
Credit cards offer a wide range of complimentary features and benefits that can add value to the card you choose. Some of the most popular options include:
- Travel insurance
- Airport lounge passes
- Flight and travel vouchers
- Concierge services
- Ticket and event offers
- Purchase protection insurance covers
These perks can add up to hundreds of dollars of extra value, but only if you use them. When you’re looking at the complimentary extras during your credit card comparison, be realistic about whether or not you will be able to get value from these features so that they offset the cost of any fees.
If you want to earn rewards for your credit card spending, pay attention to the type of rewards program available. Some credit cards have their own rewards programs, such as ANZ Rewards or American Express Membership Rewards. Others are linked to existing programs, such as Qantas Frequent Flyer, Velocity Frequent Flyer or the Coles flybuys program.
As well as deciding which rewards program you want, think about the amount of points you will need to redeem rewards and how often you will use your credit card. This will help you choose a credit card with a rewards program that is right for you.
Rates and fees
When you compare credit cards, the rates and fees will help you work out the overall cost of each option. Here are the key features to look at:
- Annual fees
Credit card annual fees can range from $25 up to $700 or more. This fee is usually charged when you first activate your account, then once a year on the anniversary of your account activation.
When you’re comparing cards, think about what features will offset the cost of the annual fee so you can find one that is affordable for you. Remember some credit cards offer a $0 or lower annual fee in the first year, so check the ongoing features of the cards you compare to avoid any nasty surprises after the first year.
- Purchase rate
This is the interest rate that’s charged for most of the transactions you make using your credit card. Standard purchase rates range from around 10% p.a. to 22% p.a. (variable) depending on the card you choose. If you regularly pay your balance in full, the purchase rate may not be a major concern, but if think you’ll carry a balance, then choosing a card with a lower interest rate will help keep the cost down.
- Interest-free days
If you pay your balance in full each month, you can usually get up to a certain number of interest-free days on purchases during each statement period. This can help you avoid interest charges during your statement period. Usually, interest-free credit cards will offer somewhere between 25 and 62 days on new purchases.
If you plan to pay off the balance in full for every statement cycle, the number of interest-free days available could be an important factor for your credit card comparison. But remember that this feature won’t be much use if you carry a balance.
- Cash advance rate
This interest rate is applied to “cash advance transactions” including ATM withdrawals, foreign currency exchange, bets and other gambling charges. It is usually around 19% p.a. to 22% p.a. (variable) and always applies from the time you make a cash advance transaction. While it’s a good idea to avoid making cash advances with a credit card, it’s important to consider this factor in your comparison so that you know what the potential costs will be for these types of transactions.
- Cash advance fee
As well as applying interest to cash advance transactions, credit cards charge a one-off fee. This is usually around 2% to 3.5% of the total transaction cost, and should be checked before you get a card or use it for a cash advance. As with the cash advance interest rate, it’s good to check this fee when comparing cards so you’re aware of the cost of cash advances for any option you choose.
- Balance transfer rate
The balance transfer interest rate applies to debts you have moved from old accounts onto your new card. Usually, a low or 0% promotional rate is offered when you transfer your balance onto a new card. When the promotional period ends, a higher, standard balance transfer rate applies. It’s important to check both the introductory rate and the standard rate when you’re comparing balance transfer credit cards so that you are aware of the costs that may apply over the short-term and the long-term.
Balance transfer fees
Some credit cards charge a one-off processing fee for balance transfers. This fee could be between 1% and 3% of the total debt you want to move to a new card. As not all cards apply this charge, it’s important to consider it when comparing balance transfer offers to make sure you find an option that’s affordable for you.
- International transaction fee
Most credit cards apply a fee for transactions made in a foreign currency or with an overseas merchant. This fee usually adds 2% to 3.5% to international transactions. If you plan to travel with a credit card or want to use one to shop online with overseas retailers, it’s a good idea to look at cards that waive this cost or at least have a lower fee than other options you’re considering.
- Late payment fee
Some credit card companies charge you a fee if you don’t make a payment by the due date on your statement. This charge ranges from $5 to $30 and will be added to your account balance if your payment is late. While you should always aim to pay your credit card off by the due date, checking this fee when you’re comparing credit cards can give you an idea of how each option treats late payments and may want to factor this into your final decision.
- Overlimit fee
If you max out your credit card, you could be charged a fee of around $10 to $30. It’s important to consider this cost when comparing different cards so that you know what penalties could apply for different options. It may also help you decide on a sensible credit limit when you apply.
- Other fees and charges
Credit cards may charge a range of other fees for different features and services, including:
- Additional cardholder fees
- Printed statement fees
- Optional rewards program enrolment (i.e. for Qantas rewards)
- Emergency card replacement
Make sure you consider these charges and when they could apply so that you know what other potential costs you may have to pay for any card you choose.
From low rate and balance transfer options to rewards credit cards, super-premium platinum and black cards or those with no fees, there are credit cards available to suit almost anyone’s needs. Now that you understand more about the different factors that need to be considered, you can start comparing credit cards and apply for one that really works for you.
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