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Credit card offers available for a limited time

Compare promotional offers to find one that saves you money, earns more rewards and more.

PROMOTED
Citi Clear Card - Balance Transfer Offer
Long-Term 0% Balance Transfer Offer & First-Year Annual Fee Discount
  • Low ongoing rate
  • $49 first year fee
  • Ends 31 August 2022
  • Low ongoing rate
  • $49 first year fee
  • Ends 31 August 2022
Eligibility criteria, terms and conditions apply.

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$
% p.a.
Name Product Balance transfer rate p.a. Purchase rate p.a. Bonus points Annual fee Amount saved
Citi Clear Card - Balance Transfer Offer
0% for 36 months
14.99%
N/A
$49 for the first year ($99 thereafter)
Offers 0% p.a. on balance transfers for 36 months with no balance transfer fee. Plus, a first-year annual fee discount and complimentary insurance covers.
Kogan Money Black Card - Exclusive Offer
0% for 30 months
20.99%
N/A
$0
Save with a $0 annual fee and a 0% introductory rate on balance transfers. Plus, earn $30 Kogan.com Credit and uncapped rewards points.
HSBC Platinum Credit Card
0% for 36 months
19.99%
N/A
$29 for the first year ($129 thereafter)
Save money with a 0% balance transfer rate for 36 months (with no BT fee), a first-year annual fee discount and free travel insurance.
Citi Premier Qantas Card
0% for 6 months
0% for 6 months, reverts to 21.49%
80,000
$175 for the first year ($350 thereafter)
Get 80,000 bonus Qantas Points when you spend $4,000 in the first 90 days and a 0% purchase rate offer. Plus, a first-year annual fee discount.
St.George Vertigo Card
0% for 32 months
13.99%
N/A
$0 for the first year ($55 thereafter)
Get a 0% interest rate on balance transfers for 32 months (with no balance transfer fee) and a $0 annual fee for the first year.
Qantas American Express Ultimate Card
20.74%
100,000
$450
Up to 100,000 bonus Qantas Points (75k when you spend $3,000 in the first 3 months and 25k in year 2). Plus, a yearly $450 Travel Credit.
Coles Low Rate Mastercard
0% for 36 months
12.99%
N/A
$58
Enjoy 0% p.a. on balance transfers for the first 36 months (with no balance transfer fee).
Coles No Annual Fee Mastercard
0% for 12 months
19.99%
20,000
$0
Get 20,000 bonus Flybuys points when you spend $3,000 on eligible purchases in the first 90 days. Plus, an ongoing $0 annual fee.
American Express Qantas Business Rewards Card
0%
180,000
$450
ABN holders w/ $75,000 revenue. Get up to 180,000 bonus Qantas Points when you spend $3,000 in the first 2 months. Plus, a $450 Qantas Flight Voucher.
Qantas Premier Platinum
0% for 18 months with 1% balance transfer fee
19.99%
80,000
$225 for the first year ($299 thereafter)
Earn 80,000 bonus Qantas Points when you spend $3,000 in the first 3 months and save with a reduced first-year annual fee.
Qantas American Express Discovery Card
20.74%
N/A
$0
Earn uncapped Qantas Points for every $1 dollar spent, plus an ongoing $0 annual fee.
Westpac Altitude Black
0% for 24 months with 1% balance transfer fee
19.99%
140,000
$99 for the first year ($250 thereafter)
Earn 140,000 bonus Altitude Points when you spend $6,000 in the first 120 days. Plus, save with a reduced first-year annual fee.
Qantas American Express Premium Card
20.74%
30,000
$249
Enjoy 30,000 bonus Qantas Points, 2 complimentary Qantas Club lounge invitations per year and the protection of complimentary insurance covers.
Bank of Melbourne Vertigo Card
0% for 32 months
13.99%
N/A
$0 for the first year ($55 thereafter)
Save with a 0% interest rate on balance transfers for 32 months (with no balance transfer fee) and a $0 annual fee for the first year.
ANZ Low Rate
0% for 30 months
12.49%
N/A
$0 for the first year ($58 thereafter)
Now eligible for Cashrewards Max. Save with 0% p.a. on balance transfers for 30 months (with no BT fee) and $0 first-year annual fee. Plus a 12.49% p.a. purchase interest rate.
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Credit cards with introductory offers

Introductory credit card offers can help you save on fees, earn more points or get cash back to your account when you sign up. Usually, these promotions are only available for a limited time and you'll need to tick a couple of boxes to get the deal.

How can I get a promotional credit card offer?

You usually have to meet a set of requirements to be eligible for an introductory offer on a credit card. These conditions vary but can include:

  • New customers. Introductory offers are usually reserved for new credit card customers. For example, if you have a card issued by American Express, you likely won't be eligible for another Amex introductory offer.
  • Application dates. Many promotional offers are only available to applicants who apply and are approved by a set date.
  • Application details. With balance transfer offers, you usually need to request the balance transfer (and include details of the debt you want to transfer) when you apply for the card. With frequent flyer bonus points offers, you need to include your frequent flyer membership details on your application to be able to collect the points.
  • Spend requirements. When a bonus points offer is available, often you'll be required to meet a spend requirement by a set date to receive the points. For example, you may need to spend $3,000 in the first 90 days of card approval to earn your bonus points.

Before you apply for a card with an introductory offer, make sure you fully understand the terms and conditions to ensure you can get the full value from the offer.

What types of introductory credit card offers can I get?

With so many different introductory credit card deals in Australia, here we've summarised some of the most popular options you can compare:

Balance transfer

0% balance transfer

A 0% balance transfer credit card can be a useful tool to consolidate and repay debt without the cost of interest for 12 to 36 months. Once the promotional offer ends, a standard revert rate applies and any remaining debts will begin to collect interest, often at the higher cash advance rate.

Interest-free balance transfers are only available for a limited time, so you'll be required to apply and receive approval before the offer end date to take advantage of the promotional 0% interest rate.

0% interest

0% interest on purchases

You can save by paying a low or 0% introductory interest rate on your purchases during the honeymoon period. At the end of the introductory period, the promotional rate reverts to a standard interest rate that applies to any balance carried from these purchases.

Purchase rate offers can be useful if you have a lot of planned expenses coming up and want a flexible and affordable way to pay them off over time. To get the most out of low or 0% purchase rate deals, you should aim to pay off the new charges before the end of the introductory period.

No annual fee

Reduced or no annual fee

This type of introductory offer charges a $0 annual fee or reduces the annual fee for a promotional period (usually the first 12 months). Depending on the credit card, these promotions can save you tens or hundreds of dollars. You usually need to apply before a specific date to enjoy an introductory annual fee offer.

After the introductory period, the standard annual fee will be applied to the account. So, if you plan to use your credit card beyond the promotional period, you should pay attention to the standard annual fee when comparing credit cards.

Reward points

Bonus reward points

Many rewards credit cards offer bonus points for new cardholders. The number of bonus points you get depends on the offer, but typically ranges from 30,000 to 200,000 points.

Bonus points offers are usually only available when you apply by a certain date and meet the spend criteria. For example, you may need to spend a set amount of money in the first few months to collect the bonus points.

Frequent flyer rewards

Bonus frequent flyer points

Many frequent flyer credit cards also offer bonus points on sign-up. Most cards offer either Qantas Frequent Flyer or Velocity Frequent Flyer points but many other rewards cards also let you transfer your bonus points to other programs such as Emirates Skywards, KrisFlyer or Asia Miles. Again, you usually need to apply by a certain date and spend a minimum amount within a set period of time to qualify for the bonus points offer.

Cashback

Cashback

This type of introductory offer gives you cashback when you get a new credit card. You usually need to spend a minimum amount of money on the card before you can enjoy the cashback offer. For example, an offer might give you $200 cashback if you spend $500 in the first 3 months you have the card.

Some cashback offers also require you to spend the minimum amount in a specific way. For example, by making contactless payments.

Offers

Other introductory credit card offers

As well as the major introductory offers outlined above, some credit card companies may offer other more unique deals for new customers, such as complimentary gift cards or discounted purchases.

Depending on the credit card, you may be able to take advantage of more than one of these offers at a time. For example, a card that offers a 0% balance transfer rate could also have a discounted annual fee for the first year, while a card with bonus points may also offer 0% interest on purchases during the honeymoon period.

Woman with credit card and laptop

How to compare credit card introductory offers

While introductory offers can sweeten the deal when you sign up for a credit card, you should also look at the card's other features. Thinking about the following factors will help you find an introductory offer that suits your needs in the short-term and a credit card that fits your circumstances in the long-term.

Interest rates

  • The promotional interest rate. Depending on the card, the promotional offer may have a low or 0% interest rate. Usually, the lower the interest rate, the more savings you'll make. However, you should compare this against the length of the offer and other costs.
  • The length of the introductory period. With a low purchase rate or balance transfer offer, the promotional rate applies as soon as your card is activated. It's important you calculate how much you need to pay each month to repay the entire balance before the introductory period ends. Any remaining balance will attract the standard interest rate and begin to cancel out your savings.
  • The promotional offer end date. Credit card offers are only available for a limited time, so you need to apply before the end date to take advantage of them.
  • The standard interest rates. If you have a card with a low or 0% purchase or balance transfer deal, the standard interest rates will apply to any balances remaining at the end of the introductory period. These rates are generally much higher than those of the introductory offer.

Fees

  • Standard annual fees. If you get a credit card that offers a reduced or waived annual fee, check the standard annual fee so you know how much you will have to pay after the first 12 months. If you only plan to use the card while the waived annual fee is in place, make sure you know when the standard annual fee will apply and close your card before that date to avoid paying extra.
  • Other fees and charges. Look for balance transfer fees, cash advance fees, foreign transaction fees and late payment costs.
  • Interest charges. If you have to meet a spend requirement to earn bonus points or redeem an introductory offer, remember that these purchases will collect interest (unless they are eligible for an interest-free period).

Rewards and extras

  • Bonus points requirements. Most cashback and bonus points offers require you to spend a minimum amount in a set timeframe. This could be as little as $100 or as much as $10,000, so check before you apply to make sure you can afford to take advantage of the offer. Some bonus points offers require you to keep the card for at least 12 months, offering bonus points to you after you've paid the annual fee for a second year. If that's the case, check how much this fee will cost before deciding if the points are worth it.
  • Standard rewards points. As well as the bonus points, make sure the regular rewards program (including the earn rate and how you can redeem your rewards) suits your spending behaviours and rewards goals.
  • Complimentary extras. Additional, ongoing perks such as international travel insurance, extended warranties and concierge services can contribute to higher annual fees, so make sure these are features you'd take advantage of before you apply.

Is it worth getting a new credit card just because it has an introductory offer?

Even when you're happy with your existing card, bonus points and introductory interest rates can be tempting – but that doesn't always make it worth applying for a new credit card.

Beyond the promise of sweet, sweet bonus points or 0% interest savings lies the fine print for these offers. With bonus points offers, for instance, you usually need to spend a set amount of money in a fixed period of time – such as $5,000 in the first 3 months you have the new card, while with 0% p.a. purchase rate offers you need to check what transactions are eligible.

Regardless of the type of offer, you also need to apply during the offer's promotional period. On top of the offer details and requirements, there are also ongoing features to think about, including the annual fee and interest rates.

For example, some rewards cards (and other premium credit cards) charge hundreds of dollars each year in the form of an annual fee. And most 0% p.a. balance transfer offers revert to the card's purchase or cash advance rate, which usually ranges between 12% p.a. and 21% p.a. or more. If you're still paying off debt at the end of the introductory period, charges from the card's revert rate could quickly add up.

So before you decide whether or not to switch cards because of an introductory offer, take a look at whether or not you're getting enough value from your current card.

This could be as simple as asking yourself the following questions:

  • How much is your current annual fee?
  • What do you pay in interest charges each month?
  • Does your card have any extras or perks, such as rewards points or travel insurance? If so, do you use them?

If you're happy with the answers to these questions, you might decide to stick with your current card.

But if something isn't quite right – for example, the annual fee or the perks you're getting – you can compare your card to other options and see if you can get a better deal. Just remember to look at both introductory offers and ongoing features.

Pictures: Getty Images, Freepik

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