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 April 27th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on 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)
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*
    NAB Low Fee Platinum Card - Exclusive Offer
    NAB Low Fee Platinum Card - Exclusive Offer

    Interest rate

    19.74

    Annual fee

    90
    HSBC Platinum Credit Card
    HSBC Platinum Credit Card

    Interest rate

    19.99

    Annual fee

    129
    Virgin Money Low Rate Credit Card
    Virgin Money Low Rate Credit Card

    Interest rate

    11.99

    Annual fee

    49

    Ask an Expert

    You are about to post a question on finder.com.au:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com.au 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

    Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

    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 .

      • Staff
        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?

      • Staff
        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?

      • 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

    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

      • Staff
        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,

      • Staff
        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?

      • 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

    9. 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

    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

      • 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

    Credit Cards Comparison

    Rates last updated April 27th, 2018
    Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
    NAB Low Fee Platinum Card - Exclusive Offer
    19.74% p.a.
    0% p.a. for 25 months
    $90 p.a.
    Ends 6 May 2018.
    finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee.
    HSBC Platinum Credit Card
    19.99% p.a.
    0% p.a. for 22 months with 2% balance transfer fee
    $129 p.a.
    Offers a 0% p.a. for 22 months balance transfer and an annual fee refund each year when you spend $6,000. Plus, complimentary travel insurance.
    Virgin Money Low Rate Credit Card
    11.99% p.a.
    0% p.a. for 14 months
    $49 p.a.
    Offers a discounted annual fee, $100 cashback when you meet the spend requirement and up to 14 months on balance transfers. Ends 30 June 2018.

    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.

    Ask a question
    Go to site