Credit Cards for Average Income Earners

Various Options to Consider

Many Australians prefer the use of a credit card as it frees them from having to carry cash on hand, and when used responsibly, could remarkably improve their credit ratings. There is a wide variety of choices available from 10 renowned Australian banks with many designed to cater towards specific financial and personal circumstances. For the average individual earning at least $20,000 per annum, this is good news as credit card offerings are highly competitive in interest rates, rewards, balance transfers and added benefits. We have taken the headache of finding and comparing different credit cards from you with the simply credit card comparison table provided in on this website. Take note to scrutinise each option carefully and determine which credit card will provide the most value over the long term and not just during promotional periods only.

Credit Cards for Average Income Earners Comparison

Rates last updated January 17th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
Westpac Low Rate Card
A no frills credit card with an introductory rate of 0% p.a. for 16 months on balance transfers and 1% p.a. for 12 months on purchases.
1% p.a. for 12 months (reverts to 13.49% p.a.) 0% p.a. for 16 months $59 p.a. Go to site More info
ANZ Low Rate
$100 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $58 p.a. Go to site More info
ANZ First Visa Credit Card
Enjoy 0% p.a. balance transfer rate for the first 18 months, a low annual fee, interest-free days on purchases and a low minimum credit limit.
19.74% p.a. 0% p.a. for 18 months with 3% balance transfer fee $30 p.a. Go to site More info
ANZ Frequent Flyer
Receive 25,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months. Plus enjoy a waived annual fee for the first year.
19.99% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) Go to site More info
ANZ Rewards Credit Card
Get 25,000 bonus Reward Points after your first eligible purchase is made within 3 months of card approval and earn 1.5 points per dollar spent.
18.79% p.a. $80 p.a. Go to site More info
Virgin No Annual Fee Credit Card
No annual fee for the life of the card with $100 cashback and a 0% p.a. offer on balance transfers for 18 months. Spend criteria applies for cashback offer. Plus $100 cashback offer when spend criteria is met.
18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee $0 p.a. Go to site More info
St.George Amplify Classic
A low interest rate of 0% p.a. for 18 months on balance transfers.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $79 p.a. Go to site More info

Factors to Consider When Choosing an Average Income Earners Credit Card

  1. Is an Average Income Credit Card the correct choice for me?

    Credit cards for average income earners should be selected according to personal and financial circumstances. In order to qualify for this type of credit card, an annual minimum income of $20,000 should be earned. If you earn an annual income over $30,000 per annum, you will qualify for a gold or platinum credit card which will possibly provide better benefits than the standard credit cards on offer here.

  2. Besides the income requirements, what other important factors should be considered?

    First of all, it is important that you thoroughly compare the different credit cards on offer. Look at the following:

    • Interest rates (both promotional and long term)
    • Rewards offered
    • Possible fees charged
    • Balance transfer implications and rewards
    • Spending habits
    • Purpose of use i.e. for business or frequent travelling
  3. How should I go about to apply for my credit card?

    After comparing the credit cards and identifying the right credit card for you, click on the 'Apply' button and continue to complete the form where after the banks will immediately notify you of your qualification.

  4. Once approved, how long does it take before I can receive the Credit Card?

    After approval, the specific bank will post your new Credit Card and you should receive it within a week. For security purposes, the credit cards are not activated until they are safely received. As soon as it has been activated you will be able to immediately use your credit card and earn rewards.

  5. How can I go about to improve the chances for a successful application?

    There are various factors to consider. First of all, ensure that the application form is correctly completed. Secondly, make sure that all existing liabilities and creditors are paid up to date as this will improve your overall credit score.

Back to top
Was this content helpful to you? No  Yes

American Express Essential Credit Card
American Express Essential Credit Card

Interest rate


Annual fee

HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate


Annual fee


Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy, receive follow up emails related to and to create a user account where further replies to your questions will be sent.

Ask a question