man looking at a credit card

Compare credit card types

Shopping for a credit card? Compare the nine different card types available and find the right one for you.

There’s a wide array of credit cards in the Australian market for you to choose from. While this means plenty of choice, it also means that it can be difficult to choose one option. If you’re struggling to decide which type of card is right for you, use this guide to weigh up the key features, benefits and costs of the different types of credit cards.

The types of credit cards

No annual fee credit cards

The name says it all: no annual fee credit cards don’t charge a yearly account fee. While this can help you save money on credit card costs, it’s worth noting that these cards often have high standard purchase rates. This means you shouldn’t carry an outstanding balance on a card like this. If you rarely use your credit card or save it for emergencies, a no annual fee credit card could be a worthwhile option to consider. While some cards come with no annual fee for the life of the card, others only offer the $0 annual fee for a promotional period (such as 12 months). Once the promotional period ends, the standard annual fee will apply. Make sure you understand the conditions of the no annual fee before you apply for the card.

Who are no annual fee credit cards suited to?

If the card has a lifetime no annual fee feature, it usually means a higher interest rate, which would be suitable for people who always pay their account balance on time and in full. This card type is also appropriate for you if you rarely use your card and only want to keep one for emergencies or the occasional need. Meanwhile, promotional no annual fee offers work best for people who don’t intend to keep the card beyond its promotional “no annual fee” period.

Compare no annual fee credit cards

Rates last updated May 27th, 2019
Name Product Annual fee Purchase rate (p.a.) Balance transfer rate Product Description
ME frank Credit Card
$0 p.a.
11.99% p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Citi Simplicity Card
$0 p.a.
19.99% p.a.
0% p.a. for 6 months
Get 0% p.a. interest for up to 6 months on balance transfers with no balance transfer fee. Plus, a $0 annual fee for life.
St.George Vertigo Classic - Online 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
Online only: Low rate card offering 0% p.a. interest on purchases for the first 14 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.
28 Degrees 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 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. Ends 31 May 2019.
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.
ANZ Platinum Credit Card
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
19.74% p.a.
0% p.a. for 18 months with 2% balance transfer fee
Receive a 0% p.a. for 18 month balance transfer offer and a $0 first year annual fee. Plus, complimentary overseas travel and medical insurance.
Woolworths Everyday Platinum Credit Card - Finder Only Offer
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
19.99% p.a.
2.99% p.a. for 18 months
Finder only:
Offers a $50 eGift Card, 4,000 bonus Credit Card points and a $0 first year annual fee. Plus, 10% off your shop once a month.
Virgin No Annual Fee Credit Card
$0 p.a.
18.99% p.a.
6.9% p.a. for 36 months
Offers a balance transfer rate of 6.9% p.a. interest for 36 months and up to 44 days interest-free on purchases, all for a $0 annual fee.
Westpac Altitude Platinum Card
$0 p.a. annual fee for the first year ($150 p.a. thereafter)
20.49% p.a.
Earn 60,000 bonus Altitude Points when you spend $3,000 within 90 days of card approval. Plus, a $0 first year annual fee.
St.George Amplify - Online Offer
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
0% for 14 months, reverts to 19.74% p.a.
0% p.a. for 6 months
Online only: Save with $0 first year annual fee and 0% p.a. introductory offers. Plus earn uncapped Amplify or Qantas Pts/$1.
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 a 0% p.a. for 12 months balance transfer, get up to 55 days interest-free on purchases and pay no annual fee for the life of the card.
BankSA No Annual Fee
$0 p.a.
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Offers a 0% p.a. for 12 months balance transfer, up to 55 days interest-free on purchases and an ongoing $0 annual fee.

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Compare no annual fee credit cards here

Low interest rate credit cards

While the average credit card interest rate is around 17-18% (and can be as high as 22% p.a.), low interest rate credit cards offer rates as low as 9.99%. Some cards even offer 0% interest for an introductory period, which reverts to the standard rate when the promotion ends. So if you have some purchases in mind and know you struggle to repay your balance each month, this card could help you save on high costs. Please note that this rate usually only applies to purchases, so cash advances, balance transfers and other transactions will accrue a higher rate. Most low interest cards also charge an annual fee, so you’ll want to make sure the cost of the card doesn’t outweigh the interest savings.

Who are low interest rate credit cards suited to?

If you usually struggle to pay your balance in full each month, a low interest rate credit card could help you save on the interest you would usually pay. If you have a purchase in mind (such as furniture, electronics or airfares), a low interest rate card could help you repay the cost without accruing interest fees. As low interest cards rarely come with extra premium features, it is a good option for those who are looking for a no-frills card to help manage their cash flow.

Compare low interest rate credit cards

Rates last updated May 27th, 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.
ME frank Credit Card
11.99% p.a.
Up to 55 days on purchases
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
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.
Bendigo Bank Low Rate Mastercard
11.99% p.a.
Up to 55 days on purchases
$45 p.a.
A no-frills card with a competitive annual fee, a low variable purchase interest rate of 11.99% p.a. and up to 55 interest-free days on purchases.
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 - Online 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
Online only: Low rate card offering 0% p.a. interest on purchases for the first 14 months. Plus, a $0 first year annual fee.
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 18 months
A low rate card offering 0% p.a. on balance transfers for 18 months and a competitive purchase rate.
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.
NAB Low Rate Platinum Card
0% for 15 months, reverts to 13.99% p.a.
Up to 55 days on purchases
$100 p.a.
0% p.a. for 6 months with 2% balance transfer fee
A platinum card that offers 0% p.a. for 15 months on purchases. Plus 0% p.a. on balance transfers for 6 months.
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
Offers a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and 0% p.a. for 14 months on balance transfers.
NAB Low Rate Credit Card
0% for 6 months, reverts to 13.99% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 6 months with 2% balance transfer fee
This card offers a low introductory rate of 0% p.a. for 6 months on purchases. Plus 0% p.a. on balance transfers for 6 months.
St.George Amplify - Online Offer
0% for 14 months, reverts to 19.74% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
0% p.a. for 6 months
Online only: Save with $0 first year annual fee and 0% p.a. introductory offers. Plus earn uncapped Amplify or Qantas Pts/$1.
Bendigo Bank Low Rate Platinum Mastercard
11.99% p.a.
Up to 55 days on purchases
$89 p.a.
Offers a low variable purchase interest rate of 11.99% p.a., complimentary insurance covers and up to 55 days interest-free on purchases.
Citi Rewards Platinum Credit Card - Exclusive Offer
0% for 13 months, reverts to 20.99% p.a.
Up to 55 days on purchases
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
0% p.a. for 13 months
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.
Bank of Melbourne Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 16 months
Enjoy 0% p.a. interest for up to 16 months on balance transfers. Plus, a low annual fee and competitive purchase rate.
Bank of Melbourne 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
Get a range of complimentary insurance covers, access to a 24/7 concierge and the convenience of Visa payWave contactless technology.
BankSA Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 16 months
A no-frills Visa with the protection of a zero liability policy and a 24/7 fraud monitoring service.

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Learn more about low interest rate credit cards here

Balance transfer credit cards

A balance transfer refers to when you transfer an existing debt that is accruing high interest from one or more credit accounts to another credit card with a 0% promotional balance transfer rate. While the 0% balance transfer is in place, you can consolidate and pay off your debts without the cost of interest. These promotional rates are only in place for an introductory period (of usually 6 to 20 months) and will revert to a higher rate (usually the standard purchase or cash advance rate) when the promotion ends. While you’ll only be required to pay the minimum repayment each month, it’s important to pay as much as you can each statement period to pay off your balance before the promotional period ends. Otherwise, any remaining debt will continue to grow as it starts to attract the revert rate.

Who are balance transfer credit cards suited to?

A balance transfer credit card can be a useful tool for cardholders who are looking to consolidate and pay down their debt without the cost of interest. As these promotional purchases are restricted by the length of the promotional period, balance transfers are good for cardholders who want to pay off their debt before a deadline. If you’re planning to make purchases with your card, a balance transfer credit card isn’t for you. As repayments are allocated to whichever balance is collecting the highest interest, your repayments will go to purchases first if they’re accruing the standard rate. If a promotional balance transfer rate is in place, you should really concentrate on paying off that debt rather than using the card for purchases and racking up more debt.

Compare 0% balance transfer credit cards

Rates last updated May 27th, 2019
$
% p.a.

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Name Product Balance transfer rate Purchase rate (p.a.) Annual fee Amount Saved Product Description
Citi Clear Platinum Credit Card
0% p.a. for 14 months
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Westpac Low Rate Card
0% p.a. for 18 months
13.74% p.a.
$59 p.a.
A low rate card offering 0% p.a. on balance transfers for 18 months and a competitive purchase rate.
Citi Rewards Platinum Credit Card - Exclusive Bonus Points Offer
0% p.a. for 15 months with 1% balance transfer fee
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Enjoy 100,000 bonus Citi reward Points when you spend $3,000 within the first 90 days. Plus, save with a $49 first year annual fee.
ANZ Low Rate
0% p.a. for 15 months
12.49% p.a.
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
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.
Virgin Money Low Rate Credit Card
0% p.a. for 14 months
11.99% p.a.
$49 p.a.
Offers a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and 0% p.a. for 14 months on balance transfers.
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. Ends 31 May 2019.
Citi Simplicity Card
0% p.a. for 6 months
19.99% p.a.
$0 p.a.
Get 0% p.a. interest for up to 6 months on balance transfers with no balance transfer fee. Plus, a $0 annual fee for life.
Qantas Premier Platinum
0% p.a. for 18 months
19.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Get 70,000 bonus Qantas points when you meet the spend criteria and 30,000 more after the first year (100,000 total). Ends 30 May 2019.
Suncorp Clear Options Platinum Credit Card - Online Offer
0% p.a. for 18 months
20.74% p.a.
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% balance transfer offer and get up to 60,000 bonus points. Plus, a $49 first year annual fee when you apply online.

Compare up to 4 providers

Compare balance transfer credit cards here

Rewards credit cards

Rewards credit cards let you earn points as you spend, which you can then redeem for rewards including flights and frequent flyer points transfers, hotel accommodation, gift cards and shopping vouchers, lifestyle products and entertainment events. Many of these cards also come with travel and lifestyle perks tailored for frequent travellers, including airport lounge access and complimentary travel insurance. Rewards cards usually charge a premium, such as higher interest rates and annual fees, for these benefits. This makes it important to consider whether or not the value of the rewards you earn will offset your card costs. Also bear in mind the points caps and point expiry conditions that apply to some of these cards.

Who are rewards credit cards suited to?

Rewards credit cards are most suitable for people who charge a lot of expenses to their credit cards, but who are disciplined enough to pay off their account balances monthly. The high spending requirements of most of these cards also make them better suited to people who are high-income earners, big spenders and genuinely geared towards earning and redeeming rewards.

Compare rewards credit cards

Rates last updated May 27th, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
Virgin Australia Velocity Flyer Card - Bonus Points Offer
75,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 75,000 bonus points in the first 3 months and save with a $64 first year annual fee. Plus, a long-term balance transfer offer.
Qantas Premier Platinum
100,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Get 70,000 bonus Qantas points when you meet the spend criteria and 30,000 more after the first year (100,000 total). Ends 30 May 2019.
Citi Rewards Platinum Credit Card - Exclusive Bonus Points Offer
100,000 bonus points
Citi Rewards Program
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Enjoy 100,000 bonus Citi reward Points when you spend $3,000 within the first 90 days. Plus, save with a $49 first year annual fee.
Commonwealth Bank Platinum Awards Credit Card
100,000 bonus points
CommBank Awards
1
20.24% p.a.
$249 p.a.
Get 100,000 bonus CommBank Awards points when you spend $4,000 on eligible purchases with your new card by 31 October 2019.
NAB Qantas Rewards Signature Card
90,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 90,000 bonus Qantas Points when you spend $4,000 within 60 days of account opening. Plus, a $295 annual fee in the first year.
Westpac Altitude Platinum Card - Qantas
60,000 bonus points
Qantas Frequent Flyer
0.5
20.49% p.a.
$50 p.a. annual fee for the first year ($200 p.a. thereafter)
Earn 60,000 bonus Qantas Points when you spend $3,000 within 90 days of card approval. Plus, a $50 first year annual fee.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Commonwealth Bank Awards Credit Card
30,000 bonus points
CommBank Awards
1
20.24% p.a.
$59 p.a.
Get 30,000 bonus CommBank Awards points when you spend $2,000 on eligible purchases with your new card by 31 October 2019.
St.George Amplify Signature - Qantas
90,000 bonus points
Qantas Frequent Flyer
0.75
19.74% p.a.
$179 p.a. annual fee for the first year ($279 p.a. thereafter)
Get 90,000 bonus Qantas Points when you spend $4,000 in 90 days and 2 complimentary Qantas Club lounge invitations per year.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Velocity Frequent Flyer
0.66
0% for 14 months, reverts to 20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Enjoy 0% p.a. interest on purchases for 14 months, a reduced first year annual fee and Velocity Points per $1 spent.

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Compare rewards credit cards

Frequent flyer credit cards

Frequent flyer credit cards are a type of reward credit card that is linked to a specific frequent flyer program, such as Qantas Frequent Flyer or Velocity Frequent Flyer. These cards strictly earn and redeem that program’s rewards points. Depending on the frequent flyer program, your redemption possibilities with this type of credit card are similar to other rewards cards: you may use your points for flights and seat upgrades, to book hotel stays and car rentals, or exchange them for gift cards, shopping vouchers, electronics or other products. These cards may also have other perks associated with the airline, such as lounge passes, priority check-in or complimentary upgrades.

Who are frequent flyer credit cards suited to?

This type of card is most appropriate if you are a frequent flyer and have a preferred airline you’d like to be able to fly with using points. Just as with rewards credit cards though, frequent flyer credit cards generally come with high annual fees and interest rates, so you should get this type of card only if you’ll benefit from the perks and can be disciplined to pay your monthly balance in full.

Compare frequent flyer credit cards

Rates last updated May 27th, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
Virgin Australia Velocity Flyer Card - Bonus Points Offer
75,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 75,000 bonus points in the first 3 months and save with a $64 first year annual fee. Plus, a long-term balance transfer offer.
Qantas Premier Platinum
100,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Get 70,000 bonus Qantas points when you meet the spend criteria and 30,000 more after the first year (100,000 total). Ends 30 May 2019.
Citi Rewards Platinum Credit Card - Exclusive Bonus Points Offer
100,000 bonus points
Citi Rewards Program
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Enjoy 100,000 bonus Citi reward Points when you spend $3,000 within the first 90 days. Plus, save with a $49 first year annual fee.
Commonwealth Bank Platinum Awards Credit Card
100,000 bonus points
CommBank Awards
1
20.24% p.a.
$249 p.a.
Get 100,000 bonus CommBank Awards points when you spend $4,000 on eligible purchases with your new card by 31 October 2019.
NAB Qantas Rewards Signature Card
90,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Earn Qantas Points on your everyday spending, take advantage of complimentary overseas travel insurance and a 24/7 concierge service.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Westpac Altitude Platinum Card - Qantas
60,000 bonus points
Qantas Frequent Flyer
0.5
20.49% p.a.
$50 p.a. annual fee for the first year ($200 p.a. thereafter)
Earn 60,000 bonus Qantas Points when you spend $3,000 within 90 days of card approval. Plus, a $50 first year annual fee.
Commonwealth Bank Awards Credit Card
30,000 bonus points
CommBank Awards
1
20.24% p.a.
$59 p.a.
Get 30,000 bonus CommBank Awards points when you spend $2,000 on eligible purchases with your new card by 31 October 2019.
American Express Velocity Platinum Card
100,000 bonus points
Velocity Frequent Flyer
1.25
20.74% p.a.
$375 p.a.
Receive up to 100,000 bonus Velocity Points and enjoy complimentary lounge passes, a domestic return flight and insurance covers.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Velocity Frequent Flyer
0.66
0% for 14 months, reverts to 20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Enjoy 0% p.a. interest on purchases for 14 months, a reduced first year annual fee and Velocity Points per $1 spent.

Compare up to 4 providers

Compare frequent flyer credit cards here

Gold, platinum and black cards

These cards represent an elite subset of credit cards catering to the higher income demographic. They have higher minimum credit limits and offer more luxury benefits, such as travel insurance, business class lounge access, concierge services, or higher reward point earning rates. They also charge higher annual fees in exchange for these benefits. As premium options, the eligibility criteria for gold, platinum and black credit cards are stricter when it comes to your credit score and minimum income requirements.

Who are gold, platinum and black credit cards suited to?

These cards can be ideal for you if your yearly income meets their approval requirement, and if you’re a frequent traveller looking to ramp up your points-earning potential and enjoy some complimentary extras at the same time. Since they usually also charge high interest rates, this type of card is probably not for people who wish to carry a balance from month-to-month.

Compare gold, platinum and black credit cards

Rates last updated May 27th, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
Qantas Premier Platinum
100,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Get 70,000 bonus Qantas points when you meet the spend criteria and 30,000 more after the first year (100,000 total). Ends 30 May 2019.
Commonwealth Bank Platinum Awards Credit Card
100,000 bonus points
CommBank Awards
1
20.24% p.a.
$249 p.a.
Get 100,000 bonus CommBank Awards points when you spend $4,000 on eligible purchases with your new card by 31 October 2019.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
75,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 75,000 bonus points in the first 3 months and save with a $64 first year annual fee. Plus, a long-term balance transfer offer.
Citi Rewards Platinum Credit Card - Exclusive Bonus Points Offer
100,000 bonus points
Citi Rewards Program
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Enjoy 100,000 bonus Citi reward Points when you spend $3,000 within the first 90 days. Plus, save with a $49 first year annual fee.
NAB Qantas Rewards Signature Card
90,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 90,000 bonus Qantas Points when you spend $4,000 within 60 days of account opening. Plus, a $295 annual fee in the first year.
28 Degrees Platinum Mastercard
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes, global wifi access and a concierge service.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Commonwealth Bank Diamond Awards Credit Card
120,000 bonus points
CommBank Awards
1.25
20.24% p.a.
$349 p.a.
Get 120,000 bonus CommBank Awards points when you spend $6,000 on eligible purchases with your new card by 31 October 2019.
American Express Velocity Platinum Card
100,000 bonus points
Velocity Frequent Flyer
1.25
20.74% p.a.
$375 p.a.
Receive up to 100,000 bonus Velocity Points and enjoy complimentary lounge passes, a domestic return flight and insurance covers.
St.George Amplify Signature - Qantas
90,000 bonus points
Qantas Frequent Flyer
0.75
19.74% p.a.
$179 p.a. annual fee for the first year ($279 p.a. thereafter)
Get 90,000 bonus Qantas Points when you spend $4,000 in 90 days and 2 complimentary Qantas Club lounge invitations per year.

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Compare gold, platinum and black credit cards here

Student credit cards

Student credit cards are designed specifically for people studying at an accredited university or educational institution. They usually have low annual fees that may be waived completely if you meet the eligibility requirements. As students usually don’t have high incomes, these cards typically offer low credit limits, which could start from as little as $200. Also, if you don’t meet the income requirement, you will need a cosigner to bear the liability for any debt you might fail to repay.

Who are student credit cards suited to?

Student credit cards are perfect for students who want more flexibility with their cash flow or who want to start building up good credit history. These cards can be a great way to practise money management and can give you access to extra freebies like purchase protection and extended warranties on purchases.

Compare student credit cards

Rates last updated May 27th, 2019
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate Product Description
ME frank Credit Card
11.99% p.a.
Up to 55 days on purchases
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Bendigo Bank Low Rate Mastercard
11.99% p.a.
Up to 55 days on purchases
$45 p.a.
A no-frills card with a competitive annual fee, a low variable purchase interest rate of 11.99% p.a. and up to 55 interest-free days on purchases.
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.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$58 p.a.
0% p.a. for 15 months
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
ANZ First Student Card
19.74% p.a.
Up to 44 days on purchases
$0 p.a. annual fee for the first year ($30 p.a. thereafter)
An ideal, low limit credit card for full-time tertiary students with up to 44 days interest-free on purchases and a $0 annual fee for the first year.
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 18 months
A low rate card offering 0% p.a. on balance transfers for 18 months and a competitive purchase rate.
St.George Vertigo Classic - Online 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
Online only: Low rate card offering 0% p.a. interest on purchases for the first 14 months. Plus, a $0 first year annual fee.
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
Offers a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and 0% p.a. for 14 months on balance transfers.
NAB Low Rate Credit Card
0% for 6 months, reverts to 13.99% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 6 months with 2% balance transfer fee
Receive an introductory 0% p.a. interest rate for 6 months on purchases, Visa Entertainment offers and a competitive $59 ongoing annual fee.

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Compare student credit cards here

Business credit cards

Business credit cards are tailored for businesses, with features that are designed to keep track of company expenses, manage cash flow and maximise rewards earning. Business credit cards essentially operate the same way as personal credit cards with credit limits, annual fees and interest rates, except they come with specific features to aid business management. These features include the ability to customise spending limits on different employee cards, the ability to track expenses, as well as complimentary analytics tools designed to help with business reporting and budgeting. Some business credit cards also give you the ability to earn rewards for your spending.

Who are business credit cards suited to?

If you run a business, this can be an ideal way to stay abreast of business expenses and streamline your accounting processes. As with personal credit cards, there are a number of different types of business credit cards, so you should compare them before choosing the most appropriate one for your business.

Compare business credit cards

Rates last updated May 27th, 2019
Name Product Bonus Points Rewards Points per $ spent Complimentary Travel Insurance Annual fee Minimum Income Product Description
NAB Qantas Business Signature Card
100,000 bonus points
0.66
No
$295 p.a.
Receive 100,000 bonus Qantas Points and earn points on everyday business purchases. Also get up to 44 days interest-free and multiple cards.
American Express Qantas Business Rewards Card
120,000 bonus points
1.25
Yes
$450 p.a.
$24,000
Earn 120,000 bonus Qantas Points, 2 points per $1 spent on eligible purchases plus 2 domestic Qantas Club lounge passes.
American Express Gold Business Card
1.5
Yes
$169 p.a.
$24,000
Take advantage of a no pre-set spending limit, data that feeds to MYOB and up to 51 days interest-free on purchases.
NAB Rewards Business Signature Card
100,000 bonus points
1.25
No
$175 p.a.
Earn 100,000 bonus points when you spend $4,000 on everyday business purchases in the first 60 days of account opening.
NAB Low Rate Business Card
$0 p.a. annual fee for the first year ($60 p.a. thereafter)
Manage your cashflow with up to 55 days interest-free on business purchases and receive complimentary unauthorised transaction insurance.
American Express Platinum Business Card
100,000 bonus points
2.25
Yes
$1,750 p.a.
$75,000
Get 100,000 bonus points, platinum concierge, complimentary lounge passes, overseas travel insurance and luxury hotel benefits.
American Express Velocity Business Card
1
Yes
$249 p.a.
$24,000
Take advantage of Velocity Points per $1 spent, no pre-set spending limit, data that feeds into MYOB and up to 51 days interest-free on purchases.
American Express Business Card
1.5
Yes
$109 p.a.
$24,000
Earn up to 1.5 Membership Rewards point per $1 spent and extend your cashflow with up to 51 interest-free days on purchases.

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Compare business credit cards

Travel credit cards

Travel credit cards are designed for overseas use, and offer such perks as 0% foreign transaction fees or free international ATM withdrawals. They may also offer 0% purchase interest rates for a period of time, which allows you to make repayments without having to worry about interest. A key benefit of using travel credit cards as opposed to cash or traveller’s cheques is the safety and convenience of carrying plastic instead of wads of cash. Another potential benefit is the ability to tap into the day’s current exchange rate instead of being locked into an exchange rate.

Who are travel credit cards suited to?

Travel credit cards could be handy for frequent travellers or cardholders with an upcoming holiday. When compared to using your regular credit card abroad, having a travel credit card can save you substantial fees on currency exchange and ATM withdrawals. Remember that even if your card has a 0% promotional purchase rate, this will not apply to amounts you withdraw from the ATM. Cash withdrawals will be levied with a cash advance fee and charged interest at the higher cash advance interest rate immediately. If you plan on making international cash withdrawals, making a prepayment on your account or using a debit card can help you avoid interest fees.

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Rates last updated May 27th, 2019
Name Product Foreign Currency Conversion Fee Overseas ATM Withdrawal Fee Overseas Cash Advance Fee Annual fee Product Description
28 Degrees 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.
ANZ Rewards Travel Adventures card
0% of transaction value
$0
$225 p.a.
Receive 40,000 bonus Velocity Points, 2 yearly Virgin Australia lounge passes, plus enjoy $0 overseas purchase transaction fees.

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Compare travel credit cards here

There is no better or worse type of credit card. Each option is suitable for a different kind of spender or borrower. This is what you should figure out about yourself before deciding what sort of credit card to get: which type of spender or borrower are you?
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Credit Cards Comparison

Rates last updated May 27th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
ME frank Credit Card
11.99% p.a.
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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