Introductory credit card offers for a limited time

Look forward to bonus points, 0% interest rates or reduced annual fees when you get a credit card with an introductory offer.

From boosting your frequent flyer balance to getting cash back or saving on rates and fees, introductory offers give you a way to get extra value from a new credit card. These deals are usually only available to new customers for a limited time and have specific terms and conditions. So it's important to weigh up whether you can meet the eligibility requirements and compare the introductory offer with the standard fees, rates and features of the card.

Use this guide to compare current introductory offers and learn about the types of deals available. We also share the key details you need to look at so that you can choose the right introductory a.

St.George Vertigo Platinum

St.George Credit Card Offer

A platinum card from St.George which lets you enjoy a long-term balance transfer promotion and a low ongoing interest rate of 12.74% p.a. on purchases.

  • $99 p.a.
  • 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

Rates last updated June 29th, 2017
$
% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved Product Description
ANZ Frequent Flyer Black
19.99% p.a.
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
Receive 75,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases in the first 3 months.
HSBC Platinum Qantas Credit Card
19.99% p.a.
$199 p.a.
Receive 60,000 bonus Qantas Points when you meet the spend requirement and earn up to 1 Qantas Point per $1 spent.
American Express Velocity Platinum Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$375 p.a.
Receive a complimentary Virgin Australia return Economy domestic flight each anniversary year and complimentary travel insurance.
American Express Explorer® Credit Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$395 p.a.
Receive a $400 Travel Credit every year and up to two entries per year to the American Express Lounge at Sydney International Airport.
ANZ Frequent Flyer Platinum
19.99% p.a.
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
Receive 50,000 bonus Qantas Points when you spend $2,500 on eligible purchases for the first three months. Plus, earn additional points per $1 spent on purchases and enjoy a waived annual fee for the first year.
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
1.9% p.a. for 15 months
20.74% p.a.
$144 p.a. annual fee for the first year ($289 p.a. thereafter)
Take off sooner with up to 1 Velocity Point per $1 spent and earn up to 30,000 bonus Velocity Points. Plus, complimentary travel insurance.
Citi Qantas Signature Credit Card
0% p.a. for 6 months
20.99% p.a.
$199 p.a. annual fee for the first year ($395 p.a. thereafter)
Earn from 0.5 Qantas Points per $1 spent on selected purchases and get a 2 airport lounge visits per year.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 6 months
0% p.a. for 12 months (reverts to 20.74% p.a.)
$129 p.a.
Save with 0% p.a. on purchases for 12 months. Plus, up to 0.66 Velocity Points per $1 spent.
Qantas American Express Premium Card - Exclusive Offer
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$249 p.a.
Enjoy two complimentary Qantas Club lounge invitations per year, plus the protection of complimentary travel and purchase insurance.
Citi Rewards Signature Credit Card
0% p.a. for 6 months
20.99% p.a.
$199 p.a. annual fee for the first year ($395 p.a. thereafter)
Earn from 1 Point per $1 spent on selected purchases and receive a complimentary Priority Pass membership with two airport lounge visits per year.
Qantas American Express Ultimate Card
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$450 p.a.
Receive a complimentary Qantas domestic return flight and 2 American Express Airport Lounge entries each calendar year.
ANZ Frequent Flyer
19.99% p.a.
$0 p.a. annual fee for the first year ($95 p.a. thereafter)
Get 25,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months.
Emirates Citi World Mastercard
0% p.a. for 9 months
20.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Earn up to 1.5 Skywards Miles for every $1 spent and indulge in carefully curated local and global experiences.
American Express Platinum Card
$1,200 p.a.
Receive an annual $300 Platinum Travel Credit, membership to an elite tier of partner programs and access to more than 1,000 VIP lounges.
American Express Platinum Business Card
$1,500 p.a.
Provides easy tracking and management of business expenses. Also earn 100,000 bonus points when you meet the minimum spend requirement.
David Jones American Express
20.74% p.a.
$99 p.a.
Receive benefits through David Jones including complimentary standard delivery, gift wrapping and invites to exclusive fashion events.
Citi Prestige Card
0% p.a. for 6 months
20.99% p.a.
$700 p.a.
Earn from 1 Point per $1 spent on selected purchases and enjoy unlimited airport lounge access with a complimentary Priority Pass.
NAB Rewards Platinum Card
0% p.a. for 6 months
19.99% p.a.
$195 p.a.
Collect 50,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening.
Bank of Melbourne Amplify Platinum
19.49% p.a.
$99 p.a.
Earn up to 2 Amplify Rewards Points per $1 spent and receive complimentary travel insurance.
American Express Gold Business Card
$169 p.a.
Apply online to receive 10,000 Membership Rewards Bonus Points. Keep track of your business expenses with a dedicated business credit card.

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How do introductory offers work?

Most introductory offers are only available to new customers who apply and are approved for a specific credit card. These deals can provide savings in the form of low or 0% interest rates, waived annual fees and bonus points.

The benefits of introductory offers only last for a limited time, with any promotional interest rates or fee discounts reverting to standard features after the promotional period.

Did you know?

How to qualify for a credit card promotional offer

You usually have to meet specific requirements to be eligible for an introductory offer. These conditions vary but usually include:

  • New customers. You must be a new credit card customer, with no existing credit cards issued by the company you’re applying with. For example, if you have a credit card issued by American Express, you likely won’t be eligible for Amex introductory offers.
  • Credit card approval. You must apply and be approved for the credit card by a certain date in order to take advantage of the introductory offer.
  • Application dates. Some promotional offers may only be available to applicants who apply and are approved by a set date.
  • Spend requirements. When there is a bonus points offer available, often you’ll be required to meet a spend requirement by a set date to receive the points.

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

What types of credit card introductory offers are there?

There is a wide range of different introductory offers available depending on what you want from a credit card. Some of the most popular options include:

0% balance transfer offers

A 0% balance transfer credit card can be a useful tool to consolidate and repay debt without the cost of interest. Balance transfer credit cards usually come with a low or 0% interest rate for a promotional period of 12 to 24 months. This means you can clear your credit card balance faster without accruing any additional interest. Once the promotional offer ends, a standard revert rate applies and any remaining debts will begin to collect interest.

Interest-free balance transfers are usually 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. You can usually request the balance transfer and provide the details of your existing account when you apply.

Low purchase rate promotions

Purchase rate offers help you save on your spending by giving you a low or 0% introductory interest rate 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.

Rates last updated June 29th, 2017
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
ANZ Platinum Credit Card - Exclusive Offer
0% p.a. for 3 months (reverts to 19.74% p.a.)
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
0% p.a. for 12 months
Includes complimentary overseas medical and travel insurance and the ability to use Apple Pay and Android Pay.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 12 months (reverts to 20.74% p.a.)
Up to 44 days on purchases
$129 p.a.
0% p.a. for 6 months
Earn 0.66 Velocity Rewards points per $1 on purchases and receive a $129 Virgin Australia Gift Voucher each year.

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No annual fee offers

This type of introductory offer waives the annual fee of the credit card for a promotional period (usually the first 12 months). Depending on the credit card, no annual fee promotions can save you tens, hundreds or thousands of dollars. You usually need to apply before a specific date to enjoy a no annual fee introductory 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.

Rates last updated June 29th, 2017
Name Product Annual fee Purchase rate (p.a.) Balance transfer rate (p.a.) Product Description
American Express Essential®  Credit Card
$0 p.a.
14.99% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Receive a $50 credit on eligible spend and get Smartphone screen insurance when you pay for your phone or contract.
Citi Simplicity Card
$0 p.a.
19.99% p.a.
0% p.a. for 6 months
Receive access to complimentary purchase insurance and free bottles of wine with the Citibank Dining Program.
St.George Vertigo Visa
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
13.24% p.a.
0% p.a. for 14 months
Get up to 55 interest-free days on purchases and an additional card for $0.
Coles Platinum No Annual Fee Mastercard
$0 p.a.
19.99% p.a.
0% p.a. for 6 months
Receive 0.50 flybuys points for every $1 spent everywhere, plus up to 62 days interest-free on purchases with a higher credit limit.
BankSA Vertigo Visa
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
13.24% p.a.
0% p.a. for 14 months
Get up to 55 interest-free days on purchases and an additional card for $0.
ANZ Platinum Credit Card - Exclusive Offer
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
0% p.a. for 3 months (reverts to 19.74% p.a.)
0% p.a. for 12 months
Pay 0% p.a. for 3 months on purchases and receive platinum perks including complimentary travel and purchase insurance.
ANZ Frequent Flyer Black
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
19.99% p.a.
Receive 75,000 bonus Qantas Points when you spend $2,500 on eligible purchases within the first 3 months.
Qantas American Express Discovery Card
$0 p.a.
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Earn an uncapped 1 Qantas Frequent Flyer point per $1 spent, plus complimentary purchase insurance.
HSBC Platinum Credit Card
$99 p.a.
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
Earn 1.00 Reward Point per $1 spent and gain access to the Visa Platinum concierge service and Visa Entertainment.
ANZ Frequent Flyer Platinum
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
19.99% p.a.
Get 50,000 bonus points when you apply online, are approved and spend $2,500 on eligible purchases in the first 3 months.

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Reduced annual fee

Instead of waiving the annual fee completely, some credit cards offer a reduced annual fee for promotional period. You'll still have to pay an annual fee, but these cards can help you save on costs.

The waived annual fee usually only applies for the first year and you may be required to meet a minimum spend requirement or apply before a specific date to take advantage of the lower annual fee.

Rates last updated June 29th, 2017
Name Product Annual fee Purchase rate (p.a.) Balance transfer rate (p.a.) Product Description
ANZ Frequent Flyer
$0 p.a. annual fee for the first year ($95 p.a. thereafter)
19.99% p.a.
Get 25,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months.
ANZ Platinum Credit Card - Exclusive Offer
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
0% p.a. for 3 months (reverts to 19.74% p.a.)
0% p.a. for 12 months
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
ANZ Frequent Flyer Black
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
19.99% p.a.
Receive 75,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases in the first 3 months.
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 16 months with 2% balance transfer fee
Enjoy platinum card benefits with a 24/7 personal concierge and complimentary overseas travel and medical insurance.
ANZ First Student Card
$0 p.a. annual fee for the first year ($30 p.a. thereafter)
19.74% p.a.
An ideal credit card for students with up to 44 days interest-free on purchases. Access your account on the go with the goMoney™ app.
American Express Platinum Edge Credit Card
$0 p.a. annual fee for the first year ($195 p.a. thereafter)
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Receive a $200 Travel Credit every year and complimentary domestic and international travel insurance.
NAB Rewards Platinum Card
$195 p.a.
19.99% p.a.
0% p.a. for 6 months
Collect 50,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening.
ANZ Rewards Black Credit Card
$0 p.a. annual fee for the first year ($375 p.a. thereafter)
18.79% p.a.
Receive 75,000 bonus points when you spend $2,500 on eligible purchases within first 3 months and complimentary travel insurance.
Woolworths Everyday Platinum Credit Card
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
19.99% p.a.
0% p.a. for 14 months
Receive a $100 eGift Card when you apply by 30 June 2017 and make an eligible purchase by 31 July 2017.

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Bonus reward points promotions

Many reward credit cards include bonus points when you apply and are approved for the card. Depending on the offer, you could be able to get up to 100,000 bonus points. Bonus points offers are usually only available when you apply by a certain date and meet the spend criteria. This means you may need to spend a certain amount within a specific period (such as $1,500 in the first three months) to collect the bonus points. As long as the spend requirement fits within your budget and don't outweigh the value of your bonus points, it can be an easy way to boost your points balance as soon as you apply for the card.

Rates last updated June 29th, 2017
Name Product Product Description Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Bonus Points
ANZ Rewards Black Credit Card
Receive complimentary overseas travel and medical insurance, unlimited airport lounge access and a 24/7 personal concierge.
18.79% p.a.
$0 p.a. annual fee for the first year ($375 p.a. thereafter)
75,000 bonus points
ANZ Frequent Flyer Black
Receive 75,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases in the first 3 months.
19.99% p.a.
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
75,000 bonus points
Citi Rewards Platinum Credit Card
Consolidate your debt with a low balance transfer offer of 0% p.a. for 24 months and a host of platinum privileges.
0% p.a. for 24 months with 1.5% balance transfer fee
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points when you meet the spend requirement and earn up to 1 Qantas Point per $1 spent.
19.99% p.a.
$199 p.a.
60,000 bonus points
American Express Velocity Platinum Card
Receive a complimentary Virgin Australia return Economy domestic flight each anniversary year and complimentary travel insurance.
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$375 p.a.
100,000 bonus points
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Earn Velocity Points plus enjoy an introductory interest-free offer of 0% p.a. on purchases for 12 months, and 0% p.a. for 6 months on balance transfers.
0% p.a. for 6 months
0% p.a. for 12 months (reverts to 20.74% p.a.)
$129 p.a.
American Express Explorer® Credit Card
Receive a $400 Travel Credit every year and up to two entries per year to the American Express Lounge at Sydney International Airport.
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$395 p.a.
50,000 bonus points
HSBC Platinum Credit Card
Enjoy an annual fee refund every year if you meet the spend requirement, plus prestige services including a personal concierge service.
0% p.a. for 22 months with 2% balance transfer fee
19.99% p.a.
$99 p.a.
Virgin Australia Velocity Flyer Card - Exclusive Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent in the first 3 months, plus a $129 Virgin Australia Gift Voucher each year.
0% p.a. for 18 months
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
St.George Amplify Signature
Receive up to 60,000 bonus Amplify points on eligible spend and earn up to 3 reward points per $1 spent on eligible purchases.
19.49% p.a.
$279 p.a.
60,000 bonus points

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Bonus frequent flyer points promotions

Similar to bonus reward point promotions, many frequent flyer credit cards also offer bonus points on sign up. Whether you're a Qantas frequent flyer or Velocity member, there are bonus points credit cards to suit both of Australia's most popular frequent flyer programs. Again, you're usually required to spend a minimum amount within a set period to qualify for the bonus points. Make sure you know what these terms and conditions are and ensure that they align with your budget before you apply.

While the bonus points offer can be inviting, make sure to compare how many points you'll usually earn per dollar as well as any rates, fees and extra features that come with the card.

Rates last updated June 29th, 2017
Name Product Product Description Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Bonus Points
NAB Rewards Platinum Card
Collect 50,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening.
0% p.a. for 6 months
19.99% p.a.
$195 p.a.
50,000 bonus points
ANZ Frequent Flyer Black
Receive 75,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases in the first 3 months.
19.99% p.a.
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
75,000 bonus points
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points when you meet the spend requirement and earn up to 1 Qantas Point per $1 spent.
19.99% p.a.
$199 p.a.
60,000 bonus points
Virgin Australia Velocity Flyer Card - Exclusive Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent in the first 3 months, plus a $129 Virgin Australia Gift Voucher each year.
0% p.a. for 18 months
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
American Express Velocity Platinum Card
Receive a complimentary Virgin Australia return Economy domestic flight each anniversary year and complimentary travel insurance.
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$375 p.a.
100,000 bonus points
American Express Explorer® Credit Card
Receive a $400 Travel Credit every year and up to two entries per year to the American Express Lounge at Sydney International Airport.
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$395 p.a.
50,000 bonus points
St.George Amplify Signature
Earn up to 3 Amplify Rewards Points per $1 spent and receive two complimentary airport lounge passes per year.
19.49% p.a.
$279 p.a.
60,000 bonus points
Qantas American Express Premium Card - Exclusive Offer
Enjoy two complimentary Qantas Club lounge invitations per year, plus the protection of complimentary travel and purchase insurance.
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$249 p.a.
50,000 bonus points
ANZ Frequent Flyer Platinum
Receive 50,000 bonus Qantas Points when you spend $2,500 on eligible purchases for the first three months. Plus, earn additional points per $1 spent on purchases and enjoy a waived annual fee for the first year.
19.99% p.a.
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
50,000 bonus points
Qantas American Express Ultimate Card
Receive a complimentary Qantas domestic return flight and 2 American Express Airport Lounge entries each calendar year.
0% p.a. for 12 months with 1% balance transfer fee
20.74% p.a.
$450 p.a.
55,000 bonus points

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Cashback credit card offers

This type of introductory offer provides new credit card customers with cashback. Like bonus point promotions, most cashback offers require you to spend a specific amount of money in the first few months you have a card. For example, an offer might give you $200 cash back if you spend $500 in the first 3 months you have the card.

Rates last updated June 29th, 2017
Name Product Product Description Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Essential®  Credit Card
Receive a $50 credit when you apply online, are approved and spend $750 within the first 3 months of card membership.
14.99% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Citi Rewards Classic Credit Card
Receive up to 5% cash back on all retail purchases, up to $1,000 in your first 90 days from card approval (capped at $50).
20.99% p.a.
0% p.a. for 15 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Citi Simplicity Card
Receive 10% cashback on eligible purchases (capped at $50 per month for 4 months from card approval).
19.99% p.a.
0% p.a. for 6 months
$0 p.a.

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Some cashback offers also require you to spend the minimum amount in a specific way, such as on phone screen insurance or by making contactless payments. This type of offer can give you extra value if you have planned purchases you want to make on your credit card, but may not be worth it otherwise.

Other introductory offers

As well as the major introductory offers outlined above, some credit card companies may offer other, more unique deals for new customers. These introductory offers could include:

  • Gift cards. Some credit cards offer complimentary gift cards to new customers, usually for an affiliated store or brand. To be eligible, you usually have to apply during the promotional period, and may need to enter a promotional code online.
  • Discounted purchases. Some credit cards may offer you a discount on specific transactions. For example, a frequent flyer credit card could offer 10% off flight bookings made with the affiliated airline during the promotional period.

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.

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How to compare credit card introductory offers

While introductory offers can sweeten the deal when you sign up for a credit card, it’s essential to consider the ongoing features of the card as well. Considering 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 also weigh up the promotional interest rate with the annual fee and the length of the promotional offer to determine which card offers the most savings.
  • The length of the introductory period. With low purchase rate or balance transfer rate offers, it’s important that you calculate how much you’ll need to pay each month to repay the entire balance before the promotional period ends. Otherwise, any remaining balance will collect the standard interest and begin to counteract your savings.
  • The promotional offer end date. These offers are only available for a limited time, so you will need to apply before the end date to take advantage of them. Check the terms and conditions to make sure any offers you want are still available before you apply.
  • 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, so considering them before you apply will help you avoid any nasty surprises when the promotion ends.

Fees

  • Standard annual fees. If you get a reduced or waived annual fee offer, make sure you check the standard annual fee so that you know how much you will have to pay after the first 12 months. If you only intend 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 then to avoid paying extra.
  • Other fees and charges. As well as the annual fee, the card may come with other rates and fees such as balance transfer fees, cash advance fees, foreign transaction fees and late payment costs. You can use the reviews on finder to browse a full list of rates and fees associated with a product to understand exactly how much you'll have to pay when you use the card.
  • Interest charges. If you have to meet a minimum spend to earn bonus points or redeem your introductory offer, remember that these purchases will collect interest. This is why it's important to ensure that the spend requirement fits within your budget, otherwise the interest costs could easily outweigh the value of the points or bonus offer.

Rewards and extras

  • Spending requirements. Some cashback and bonus point offers require you to spend a minimum amount in an introductory period of a few months. It could be as little as $100 or as much as $10,000 depending on the card, so it’s important to check before you apply to make sure you can afford to take advantage of the offer.
  • 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 bring more value to the card that you choose. However they can also attribute to higher annual fees, so make sure these are features you'd take advantage of before you apply.

Mistakes to avoid with a credit card with an introductory offersmartphone-credit-card-250x250-Shutterstock

While credit card introductory offers can help you get more value from your card, there are some mistakes to avoid to ensure the card costs don't outweigh the benefits of the offer. Here are some of the common mistakes cardholders make and how you can avoid them:

  • Ignoring the offer terms and conditions. Introductory offers have specific eligibility requirements you have to meet, so make sure you understand the fine print before you apply.
  • Wasting the promotional offer time period. With a balance transfer or purchase rate offer, the promotional period (such as 12 months) will begin as soon as you apply for the card, rather than when you make the transfer or your first purchase. To avoid wasting the valuable offer, make sure you start consolidating your debt or paying off your purchases as soon as possible to take advantage of the full offer.
  • Not looking at the ongoing features of the card. While introductory offers can give you short-term benefits, the standard features of a credit card determine its ongoing value. Always check these features before you apply for a credit card to decide if it’s worth it for you.
  • Not checking the end date of the offer. To get a specific credit card offer, you must apply before the end of the promotional period. Regularly comparing credit cards can help you stay up-to-date with all the offers available when you’re considering a new card.
  • Not using the card after the introductory period. If you decide you don’t want the card you applied for after getting an introductory offer, you could end up paying more credit card fees and adding to your debt. Make sure you consider this before you apply, choose an appropriate card, or cancel the account if you no longer want to use it.

Introductory offers have the potential to provide you with more value when you get a new credit card. While almost anyone can benefit from these deals, the value they provide really depends on your individual circumstances.

It’s also important to remember that these benefits only last for a set amount of time before reverting to the standard features of the card. So being aware of how credit card offers work and considering both the introductory offer and the ongoing card features means you can choose a card that offers you value now and in the future.

Frequently asked questions

The value of an introductory offer depends on your financial situation and your spending habits. Please note that the information on this page is general advice only and does not take into account your personal situation.
The banks provide us with credit card offer updates. We try to the best of our ability to keep the rates up to date – but if you’ve noticed a discrepancy then please tell us by posting a query on the bottom of this page.
Sometimes comparison websites like finder.com.au receive exclusive offers and deals which are not available through the bank’s website. In this case, you'll need to apply for the card via finder to take advantage of the offer.
If you change your mind about a credit card offer during the application process, you can cancel your application by calling the issuer. If you decide you don’t like a card after you have been approved and activated it, you can cancel it at any time, even if you have used the credit card offer. Note that you must repay your balance before you can close the card.
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American Express Velocity Platinum Card
American Express Velocity Platinum Card

Interest rate

20.74

Annual fee

375
ANZ Platinum Credit Card - Exclusive Offer
ANZ Platinum Credit Card - Exclusive Offer

Interest rate

19.74

Annual fee

87
St.George Vertigo Platinum
St.George Vertigo Platinum

Interest rate

12.74

Annual fee

99

Credit Cards Comparison

Rates last updated June 29th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Exclusive Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent in the first 3 months, plus a $129 Virgin Australia Gift Voucher each year.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 p.a. Go to site More info
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.
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

* 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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