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Mastercard Credit Cards

Take advantage of global acceptance and exclusive perks with a Mastercard credit card.

A large number of credit card issuers in Australia provide credit cards that come with a Mastercard connect. Mastercard, by itself, is not an issuer of credit, but functions as a third party payment processor.

It is not very different from its main competitor, Visa, given that credit cards affiliated with both find acceptance in most countries around the world.

The kind of Mastercard that is right for you depends on your particular requirements, and if you don’t pay attention to key aspects, you could end up regretting your choice. This is simply because Mastercard features with tend to have a bearing on the interest and fees you end up paying.

Bendigo Bank Credit Card Offer

Bendigo Bank Low Rate Mastercard

$0 annual fee for the first year

Offer ends 30 June 2018

Eligibility criteria, terms and conditions, fees and charges apply

Bendigo Bank Credit Card Offer

Bendigo Bank offers a low ongoing purchase interest rate, a $0 annual fee for the first year and a long interest-free period.

  • $0 p.a. annual fee for the first year ($45 p.a. thereafter).
  • 11.99% p.a. on purchases
  • Cash advance rate of 13.99% p.a.
  • Up to 55 days interest free
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Mastercard Credit Card Comparison

Rates last updated June 22nd, 2018
$
% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
Bendigo Bank Low Rate Mastercard
11.99% p.a.
$0 p.a. annual fee for the first year ($45 p.a. thereafter)
A no-frills card with a first year annual fee waiver, a low variable purchase interest rate of 11.99% p.a. and up to 55 interest-free days on purchases.
Qantas Premier Everyday
4.9% p.a. for 24 months
19.99% p.a.
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Take advantage of up to 40,000 bonus Qantas Points, a $0 first year annual fee plus complimentary overseas travel insurance.
28 Degrees Platinum Mastercard
4.99% p.a. for 6 months
21.99% p.a.
$0 p.a.
No annual fee to pay ever and up to 55 days interest-free on purchases.
Qantas Premier Platinum
0% p.a. for 15 months
19.99% p.a.
$299 p.a.
Get 40,000 bonus Qantas points each month (up to 80,000 pts) for the first 2 months when you spend at least $3,500. Plus, a long-term BT offer.
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)
Receive up to 60,000 bonus Skywards Miles, pay half the annual fee for the first year and indulge in curated local and global experiences.

Compare up to 4 providers

What are the benefits of using a Mastercard?

  • Global acceptance

Mastercard is accepted in hundreds of countries and millions of locations around the world. You can use your Mastercard wherever the Mastercard symbol is displayed, including at ATMs, EFTPOS terminals and online.

  • Mastercard PayPass

Just about all newly issued Mastercard credit cards make use of this technology that enables cardholders to make contactless payments for purchases under $100.

  • Emergency Services

You can contact Mastercard's 24/7 customer service team on 1800 120 113 within Australia. This service can help you with the reporting of lost or stolen cards, it can provide emergency replacement cards and cash advances, it can help you find the nearest Mastercard or Cirrus ATM, and it can provide information related to your account.

  • Mastercard World

With Mastercard World, cardholders can take advantage Mastercard wine privileges at participating restaurants, complimentary meals at partnered hotels plus exclusive dining and travelling experiences.

  • Mastercard Priceless Cities

Mastercard Priceless Cities offers cardholders access to a variety of unique and exclusive experiences ranging across realms like dining, shopping, entertainment, travelling, and golfing.

  • Currency conversion

When you use your Mastercard overseas, you don’t have to worry about making confusing currency conversion calculations. When you use your Mastercard to make a payment, it pays the merchant in the local currency, and bills you in Australian dollars.

What are the features of a Mastercard credit card?

  • Easy access to funds. While you can use your Mastercard to make in-store, online, and over the phone purchases, you can also use it for cash advances at ATMs and supporting financial institutions.
  • Mastercard SecureCode. This online program provides additional security when your credit card details make it to the online marketplace, minimising the possibility of unauthorised usage. Close to 600,000 online merchants support transactions made using SecureCode.
  • Zero Liability. Mastercard’s Zero Liability policy protects cardholders from unauthorised and fraudulent charges made using their cards. You can receive protection though this policy if you meet certain criteria, which include exercising due diligence in keeping your card safe, and reporting theft, loss, or unauthorised use as soon as you find out.

How can I compare Mastercard credit cards?

  • Fees. The fees you end up paying depend on the credit card issuer you choose to go with as well as the card you get. While a basic no-frills Mastercard might require you to pay little or no annual fees, you might have to pay a noticeably higher annual fee if you get a gold or platinum Mastercard.
  • Interest rate offers. As well as standard purchase or cash advance rates, you can also compare Mastercard products based on any promotional interest rates that can help you cut costs with 0% purchase and balance transfer offers.
  • Credit card issuer. Mastercard products are available through a variety of Australian credit card issuers. As they determine many of the features and fees that come with the card, it's important to consider which company issues the card when comparing your options.
  • Rewards. While Mastercard does not provide a rewards program, you can find several Mastercard credit cards linked to various rewards and frequent flyer programs. This is something you should consider if you're looking to earn points as you spend.
  • Complimentary insurance covers. Some Mastercard products offer complimentary insurance covers including transit accident insurance, interstate flight inconvenience insurance, international travel insurance, purchase cover insurance, and extended warranty insurance.

While Mastercard products offer a variety of benefits, it's important to compare the different products offered by Australian issuers to find the right card for you.

History of Mastercard

Mastercard began operations in the late 1940s, at a time when a number of American banks gave their customers specially issued paper that they could use in the form of cash at local establishments. Mastercard issued its first batch of credit cards in California, to serve as direct competition to the Bank of America card that later went on to become Visa.

With time, a number of franchises evolved in several cities, and in 1966, one such group formed the Interbank Card Association (ICA). No single bank dominated the running of this organisation and member committees came into effect for this very purpose. ICA went on to become Mastercard in 1979.

History of Mastercard in Australia

By the late 1960s, ICA started spreading its wings outside the US, and its initial affiliations were with Banco Nacional in Mexico and the European Eurocard. Japanese members entered the picture in the same year. By the late 1970s, it had members from Japan and Africa. A further expansion in the 1980s saw it entering Asia, Latin America, and Australia.

As of now, Mastercard has over 30 offices around the world, with a particularly strong presence in the Asia-Pacific region. Its Australian headquarters is in North Sydney, NSW. The ‘big four’ banks all offer credit cards affiliated to Mastercard, as do a number of other smaller and regional banks.

Frequently asked questions

Credit Card Offers

Important Information*
Westpac Low Rate Card
Westpac Low Rate Card

Interest rate

13.49

Annual fee

59
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

129
St.George Vertigo Platinum - Online Offer
St.George Vertigo Platinum - Online Offer

Interest rate

12.74

Annual fee

99

Ask an Expert

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51 Responses

  1. Default Gravatar
    bertgMarch 30, 2018

    I need to cancel my MasterCard and get an email confirming this, I note ,there is NO repeat NO email address for this .

    • finder Customer Care
      JeniMarch 30, 2018Staff

      Hi Bertg

      Thank you for getting in touch with finder.
      For any card cancellation request, you must either call or visit the bank issuer of your MasterCard. You may ask them to send you the email about this request as well.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  2. Default Gravatar
    EliasDecember 26, 2017

    Hi I am looking for Platinum MC with rewards and no interest on balance transfer and no international transaction fee with complimentary Travel Insurance can you suggest few for me thanks

  3. Default Gravatar
    ZhiAugust 19, 2017

    I have a Westpac Earth platinum Master card. Does it come with free travel insurance?

    • finder Customer Care
      ArnoldAugust 19, 2017Staff

      Hi Zhi,

      Thanks for your inquiry.

      Yes, your Westpac Earth Platinum Card comes with a complimentary travel insurance, but I’m afraid that the policy does not include cruise cover. You might like to compare travel insurance options which include cover for cruises here.

      Hope this information helped.

      Cheers,
      Arnold

  4. Default Gravatar
    BarbaraApril 12, 2017

    How do I find out if my Woolworths Rewards Card is connected to my Qantas Frequent Flyer account?

    • finder Customer Care
      JasonApril 13, 2017Staff

      Hi Barbara,

      Thank you for your enquiry.

      You may check online if your Woolworths Rewards card is linked to your Qantas Frequent Flyer account by signing into your Woolworths Rewards account, select ‘My Account’ in the top right corner, then ‘Cards & accounts’ and scroll down to check your linked Qantas Frequent Flyer account.

      Please check out this link for a guide on how to link your Woolworths Rewards card to your Qantas Frequent Flyer account, if you have not linked the two accounts yet.

      I hope this helps.

      Kind regards,
      Jason

  5. Default Gravatar
    BobNovember 23, 2016

    Can you tell me if any master card have rewards or frequent flyer points please? I have 2 visa cards which both have rewards and woulike a MC to replace my Amex card.
    Thank you for your time with this email
    Regards Bob

  6. Default Gravatar
    RicardoNovember 17, 2016

    Can you please give me a active credit card to shop tomorrow, i love the site is the best

    • finder Customer Care
      LouNovember 17, 2016Staff

      Hi Ricardo,

      Thanks for reaching out.

      Please note that finder.com.au is a financial comparison and information website that helps users make better decisions. We are not a credit card company.

      Generally, if you apply for a credit card online and are approved, it would take around two weeks for you to receive your card through mail.

      Cheers,
      Anndy

  7. Default Gravatar
    ChrisOctober 28, 2016

    Hi,

    When I use the Platinum card overseas (say USA) what exchange rate is applied to convert the transaction to AUD? What is the transaction cost relative to the prevailing market rate?

    Cheers,

    • finder Customer Care
      LouNovember 2, 2016Staff

      Hi Chris,

      Thanks for your question.

      If you have a Mastercard credit card, the conversion rate that will be used will be that of Mastercard’s. You can find out the conversion rate for the day by visiting Mastercard’s website.

      The transaction costs for using a credit card overseas vary among Mastercard credit cards. When you click the name of the credit card in the above comparison table, you will be redirected to its review page where you can check the ‘Fees & Repayments’ for a particular card.

      I hope this helps.

      Cheers,
      Anndy

  8. Default Gravatar
    September 25, 2016

    Hi,

    Why the Citibank CC is not available in your list?

    • finder Customer Care
      DebbieSeptember 26, 2016Staff

      Hi Roy,

      Thanks for your question.

      Most of the available Citibank credit cards are Visa so we’ve listed some of them under our Visa credit cards comparison page.

      Although we cover a wide range of products, providers and services we don’t cover every product, provider or service available in the market so there may be other options available to you.

      If you would like to see how Citibank compares, you can see review and comparison page for Citibank.

      I hope this helps.

      Cheers,
      Debbie

  9. Default Gravatar
    WilliamJanuary 9, 2016

    How do I report a lost Mastercard

    • finder Customer Care
      YsaJanuary 9, 2016Staff

      Hi William,

      Thanks for your inquiry.
      You can contact MasterCard’s round-the-clock Emergency Services to report any lost or stolen cards.
      I’ve emailed you the relevant contact details for your convenience.
      I hope this helps.

      Cheers,
      Ysa

  10. Default Gravatar
    felixSeptember 23, 2015

    i might have given out my master card front face information to unknown person. please advice on what to do

    • finder Customer Care
      JonathanSeptember 24, 2015Staff

      Hi Felix, thanks for your inquiry!

      In the event that your card information may have been compromised, it would be recommended to contact your bank as soon as possible to replace your credit card’s number and information.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated June 22nd, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Westpac Low Rate Card
13.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
American Express Westpac Altitude Platinum Bundle - Qantas - Exclusive Offer
20.24% p.a.
$50 p.a. annual fee for the first year ($249 p.a. thereafter)
Up to 90,000 bonus Qantas Points when you meet the criteria with this dual Visa (issued & serviced by Westpac) & Amex (issued & serviced by Amex).
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($129 p.a. thereafter)
Offers a 0% p.a. for 22 months balance transfer, $0 annual fee for the first year and an annual fee refund each year when you spend $6,000.
NAB Low Fee Card
19.74% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$30 p.a.
Receive complimentary purchase protection insurance, a 18 month balance transfer offer and special offers from Visa Entertainment.
Citi Platinum Credit Card - 100k Bonus Points
20.99% p.a.
0% p.a. for 15 months with 1% balance transfer fee
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, enjoy a long-term balance transfer offer, a discounted first year annual fee and complimentary travel insurance.

Compare up to 4 providers

* 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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