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Mastercard Credit Cards

mastercard-new-logo-19-may-2017Take 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.

Mastercard Credit Card Comparison

Rates last updated July 29th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Bankwest Zero Platinum Mastercard
17.99% p.a.
2.99% p.a. for 9 months
$0 p.a.
Similar features to the Zero Gold, with added 24/7 concierge service to help you arrange travel, bookings, shopping and medical services.
ANZ Low Rate
12.49% p.a.
0% p.a. for 16 months with 2% balance transfer fee
$58 p.a.
Receive up to 55 days interest-free on purchases, up to 3 additional cardholders at no cost and Mastercard PayPass.
Bankwest Qantas Platinum Mastercard
20.49% p.a.
2.99% p.a. for 9 months
$160 p.a.
Enjoy a high credit limit with complimentary travel insurances and earn 0.5 Qantas Points per $1 spent on eligible purchases.
Emirates Citi World Mastercard
20.99% p.a.
0% p.a. for 9 months
$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.
Bankwest More World Mastercard
19.99% p.a.
0% p.a. for 6 months with 1% balance transfer fee
$270 p.a.
Earn 2.5 More Rewards Points per $1 spent and receive complimentary travel insurance.
Bankwest Qantas World Mastercard
20.49% p.a.
2.99% p.a. for 9 months
$270 p.a.
Earn uncapped Qantas Points per $1 spent on eligible purchases. Also enjoy no foreign transaction fees on online and overseas spend.
Commonwealth Bank Business Interest-Free Days Credit Card
17.57% p.a.
5.99% p.a. for 5 months
$60 p.a.
Extend your cashflow with up to 55 interest-free days on purchases. Also enjoy easy integration into your online accounting software.
Commonwealth Bank Business Gold Awards Credit Card
20.74% p.a.
5.99% p.a. for 5 months
$150 p.a.
Earn up to 2 Awards points per $1 spent, receive an unsecured credit limit of up to $50,000 and up to 55 days interest-free on purchases.
Commonwealth Bank Business Awards Credit Card
20.74% p.a.
5.99% p.a. for 5 months
$100 p.a.
Earn up to 1.5 Awards points per $1 spent, easily integrate your online accounting software, plus complimentary Transit Accident Insurance.
Commonwealth Bank Business Awards Platinum Credit Card
20.74% p.a.
5.99% p.a. for 5 months
$300 p.a.
Earn up to 3 Awards points per $1 spent and receive complimentary travel and unauthorised transaction insurances.
Bendigo Bank Basic Black Credit Card
12.24% p.a.
$45 p.a.
A no-frills card that allows you to receive up to 44 interest-free days on purchases and add an additional cardholder for $0.

Compare up to 4 providers

Mastercard has also issued a new card called the MasterMoney account in the United States. This is an innovative card that combines features of both a debit card and a credit card. It is likely to be launched in Australia soon.

  • ANZ Low Rate - Low Interest Credit Card
  • Bankwest Breeze Mastercard - Low Interest Credit Card
  • Bankwest Breeze Gold Mastercard - Prestige Credit Card
  • Bankwest Zero Mastercard - No Annual Fee Credit Card
  • Bankwest More Mastercard - Rewards Credit Card
  • Bankwest More Gold Mastercard - Rewards Credit Card
  • Bankwest More Platinum Mastercard - Rewards Credit Card
  • Bendigo Basic Black Mastercard - Low Interest Credit Card
  • Bendigo Red Mastercard - Credit Card
  • Emirate Citibank World Mastercard - Credit Card
  • Coles No Annual Fee Mastercard - Credit Card
  • Coles Rewards Mastercard - Credit Card
  • Commonwealth Bank Low Rate Mastercard - Low Interest Credit Card
  • Commonwealth Bank Awards Mastercard - Rewards Credit Card
  • Commonwealth Bank Gold Awards Mastercard - Rewards Credit Card
  • Commonwealth Bank Platinum Awards Mastercard - Rewards Credit Card
  • Commonwealth Bank Student Mastercard - Student Credit Card
  • Latitude Low Rate Mastercard - Low Interest Credit Card
  • Latitude Mastercard - Credit Card
  • Latitude 'GO' Mastercard - Rewards Credit Card
  • Latitude Coles Mastercard - Rewards (Petrol) Credit Card
  • Latitude Coles Platinum Mastercard - Rewards (Petrol) Credit Card
  • ME frank Mastercard - Low Interest Credit Card

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

You can apply for Mastercard credit cards through the issuing institutions online or in-branch. Just make sure you've compared your options and confirmed you meet the eligibility requirements before apply.

If you begin the application process with all the required information nearby, the application should take no more than 10 to 15 minutes to complete. After the card issuer approves your application, it can take up to 10 business days for you to receive your card.

You should be at least 18 years old, may need to be a permanent resident of Australia, and will need to have a good credit history.

This depends on the credit card issuer, and your options can include direct debits, cash, cheques, BPAY, and Australia Post outlets.

NAB Premium Card - Exclusive Offer
NAB Premium Card - Exclusive Offer

Interest rate

19.74

Annual fee

90
St.George Vertigo Platinum Credit Card
St.George Vertigo Platinum Credit Card

Interest rate

12.74

Annual fee

99

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45 Responses

  1. Default Gravatar
    BarbaraApril 12, 2017

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

    • Staff
      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

  2. 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

  3. Default Gravatar
    RicardoNovember 17, 2016

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

    • Staff
      AnndyNovember 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

  4. 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,

    • Staff
      AnndyNovember 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

  5. Default Gravatar
    September 25, 2016

    Hi,

    Why the Citibank CC is not available in your list?

    • Staff
      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

  6. Default Gravatar
    WilliamJanuary 9, 2016

    How do I report a lost Mastercard

    • Staff
      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

  7. 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

    • Staff
      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

  8. Default Gravatar
    Sheila.harrisAugust 20, 2015

    What kind of credit score do you have to have to apply

    • Staff
      SallyAugust 20, 2015Staff

      Hi Sheila,

      The eligibility requirements and required credit score will vary from card to card.

      Also, most credit card issuers don’t provide a set credit score under their eligibility requirements as they take this into account in conjunction with a number of other factors.

      If you have a particular card in mind, you may benefit from contacting the issuer directly to speak with a member of their customer service team to confirm your options.

      Our pages on how to check your credit score online or how to improve your credit score could be of interest as well.

      I hope this has helped.

      Thanks,

      Sally

  9. Default Gravatar
    ChristineJune 9, 2015

    Why can’t I make a general transaction with my GE MasterCard when I have my own money in the account?

    • Staff
      JonathanJune 10, 2015Staff

      Hi Christine, thanks for your inquiry!

      Please note that finder.com.au is a comparison service and is not directly affiliated with Latitude Financial Services. It would be best to contact them in regards to your account and general transaction query. I have sent the contact details to your email.

      Cheers,

      Jonathan

  10. Default Gravatar
    FMay 3, 2015

    How do I get a balance on my Ignite Credit Card?

    • Staff
      JonathanMay 4, 2015Staff

      Hi F, thanks for your inquiry!

      Checking your balance can be completed by registering for a Westpac personal credit card account. Please refer to the link I have sent to your email to apply.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated July 29th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
NAB Premium Card - Exclusive Offer
Exclusive to finder.com.au, enjoy a no BT fee, long-term balance transfer offer with platinum privileges, including travel insurance.
19.74% p.a. 0% p.a. for 24 months $90 p.a. Go to site More info
Qantas American Express Ultimate Card - Online Offer
Apply by 31 July 2017 to earn 100,000 bonus Qantas Points and get 2 American Express Airport Lounge entries each calendar year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
St.George Vertigo Platinum
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
12.74% p.a. 0% p.a. for 20 months $99 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Exclusive Offer
Apply by 31 July 2017 to receive a long-term, no fee balance transfer and 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

* 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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