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Mastercard Credit Cards

A Mastercard credit card offers you global acceptance, shopping protection and access to exclusive deals.

Name Product Purchase rate p.a. Interest-free period Balance transfer rate p.a. Annual fee

Westpac Low Rate Card

Westpac Low Rate Card
Up to 55 days on purchases
0% for 28 months with 2% balance transfer fee, then 21.49%
Save with a 0% p.a. interest rate on balance transfers for 28 months (with a 2% BT fee). Plus, a low 13.74% p.a. purchase interest rate.

Citi Clear Card - Exclusive Offer

Citi Clear Card - Exclusive Offer
Up to 55 days on purchases
0% for 24 months with 1.5% balance transfer fee, then 22.24%
$49 first year ($99 after)
Offers 0% p.a. on balance transfers for 24 months (with 1.5% balance transfer fee) and a $49 first-year annual fee.

Qantas Premier Platinum

Qantas Premier Platinum
Up to 55 days on purchases
0% for 12 months, then 21.99%
$349 first year ($399 after)
Earn up to 80,000 bonus Qantas Points. Plus, save with a reduced first-year annual fee and 0% p.a. for 12 months on balance transfers. Ends on 01 May 2024.

Westpac Low Rate Card - Cashback Offer

Westpac Low Rate Card - Cashback Offer
Up to 55 days on purchases
A no-frills card offering up to $350 cashback: $50 each month you make at least $1,000 of eligible purchases for the first 7 months.

Coles No Annual Fee Mastercard - Bonus Points Offer

Coles No Annual Fee Mastercard - Bonus Points Offer
0% for 6 months, then 19.99%
Up to 55 days on purchases
Get 20,000 bonus Flybuys points (worth $100 Flybuys Dollars) and 0% interest on purchases for the first 6 months.

Westpac Altitude Black

Westpac Altitude Black
Up to 45 days on purchases
$150 first year ($295 after)
Earn up to 150,000 bonus Altitude Rewards Points (100k when you spend $6,000 in the first 120 days and 50k in year 2).

Westpac Lite Card

Westpac Lite Card
Up to 45 days on purchases
Save with 0% foreign transaction fees, a low interest rate for purchases and cashback offers through Westpac Extras.

Citi Premier Card - Cashback Offer

Citi Premier Card - Cashback Offer
Up to 55 days on purchases
0% for 6 months, then 22.24%
Receive $600 cashback when you spend $2,000 through Apple Pay, Google Pay or Samsung Pay in the first 3 months.

Mastercard credit card offers

Many Australian banks and lenders issue Mastercard credit cards and you'll see its logo on the front of them. By itself, Mastercard does not issue credit cards. Instead, it's the third-party payment processor that allows the card to be used.

With major banks and brands including Citi, Bendigo Bank, Bankwest and Westpac offering Mastercard credit cards, you can also compare options with rewards, balance transfers, frequent flyer points, low interest rates and more.

Mastercard credit card benefits

While banks and lenders choose to offer perks like rewards and interest-free periods, here are some of the benefits you'll find on most Mastercard credit cards.

  • Mastercard Priceless

Mastercard Priceless gives you access to offers for travel, dining, shopping and entertainment, with a global network of deals. To give you an idea of the offers available, when we looked in July 2023, you could get up to 10% cashback on accommodation through

Most offers run for a limited time, with the latest deals listed on the Priceless website.

  • Mastercard Travel & Lifestyle Services (World Mastercard benefit)

If you have a World Mastercard, you'll get access to this booking service that offers exclusive deals and perks such as complimentary breakfast, room upgrades and late check-out at partnered hotels. Plus, elite membership status with National Car Rental, Avis and Sixt. The Mastercard Travel & Lifestyle Services website has more details on current offers and how the service works.

  • Global acceptance

Mastercard is accepted in over 200 countries and territories around the world, including almost every business that accepts credit card payments in Australia. So you can use a Mastercard credit card wherever you see the Mastercard logo, including online, at ATMs and EFTPOS terminals.

  • Contactless and mobile payments

Mastercard contactless (sometimes called PayPass) is a payment option that lets you tap to pay for purchases when you're at the shops. In Australia, Mastercard credit cards offer contactless payments as a standard feature, giving you a way to pay without entering a PIN if your purchase is under $200 (or $100 before the coronavirus pandemic).

If your credit card issuer supports Apple Pay, Google Pay, Samsung Pay or another mobile wallet, you can also use your Mastercard credit card for contactless payments from your mobile phone or other device.

Security features of a Mastercard credit card

As well as security features offered by your bank or card issuer, some of the options you can get with a Mastercard include:

  • 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.

  • Mastercard SecureCode

SecureCode is designed to help protect your Mastercard credit card or debit card account from unauthorised transactions by providing an additional layer of security to online payments.

When your card is registered for SecureCode, any transaction you make with a participating merchant will require you to enter a unique code or password before the payment can be processed. You'll usually get the code via a text message to your phone. This helps verify that it is you making the purchase.

  • 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.

How to compare Mastercard credit cards

With so many Mastercard credit cards available in Australia, comparing different options will help you find one that's right for you. Some of the key features to keep in mind include:

  • Annual fees

Most credit cards in Australia charge an annual fee, which typically ranges from $30 to $700 or more depending on the card. There are also some Mastercard credit card accounts that offer no annual fee, either for a promotional period or for life.

When you're comparing Mastercard cards, weigh the annual fee against its features to help decide if it's worth it.

  • Interest rates

Mastercard credit card interest rates typically range from 9.9% to 23.99% for purchases. You can also get 0% interest rate offers for purchases or balance transfers, which helps you save on costs when you open a new account.

  • Bank or brand

A lot of Australian banks and financial institutions offer Mastercard credit cards. 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

If your goal is to earn points with a credit card, you can compare frequent flyer and rewards cards to find a Mastercard with the features that you want.

  • Complimentary insurance and other perks

Some Mastercard credit cards offer complimentary insurance for travel and shopping, as well as perks like airport lounge access and concierge services. These features can help you get value from your card, but only if you use them.

Tip: You'll find Mastercard options for just about any type of credit card available in Australia. So if you're looking for a particular feature, you could start there and then focus your comparison based on which cards have the Mastercard logo on them.

Frequently asked questions

How can I apply for a Mastercard credit card?

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 applying.

How can I set up Mastercard SecureCode?

If your credit card provider offers SecureCode, you can start using it in just a few steps:

    1. Go to your card provider's website. This will have a link to SecureCode enrolment for your card or cards.
    2. Setup your verification method. The most common verification options are SMS codes or passwords. Depending on your provider, you may be prompted to enter your mobile phone number or create a password that you will use for the service.
    3. Shop online. After completing this process, just look for retailers that display the Mastercard SecureCode logo and begin shopping online.

Note that some financial institutions may automatically enrol you in SecureCode as an added layer of protection. When that's the case, there may be times when your bank will request additional information during the online checkout process to validate your purchase and ensure you are the person making the transaction.

What hotel benefits can I get with a Mastercard?

These hotel offers vary based on the type of Mastercard you have and when you're looking for deals. But some of the popular perks you could enjoy include:

      • Discounts on your hotel bookings
      • Additional nights at no extra charge
      • Complimentary breakfast
      • Complimentary room upgrades
      • Early check-in and late check-out
      • Discounts or credit for additional hotel services, such as dining or spa packages

In general, you'll get fewer premium perks through a Mastercard debit card or an entry-level credit card. But if you have a premium Mastercard credit card, such as a Platinum or World Mastercard, you'll have access to more of the high-value offers.

To see the latest offers, go to the Mastercard Priceless website. Or, if you have a Mastercard credit card with a concierge service, you could call them to find out what hotel benefits are available based on your travel plans.

How does a Mastercard credit card transaction work?

When you buy something using a Mastercard, several processes happen in the time between the purchase being made and the transaction showing up in your account (or on your statement).

What you usually see as a customer is the payment terminal or online shopping cart. Behind the scenes, there are three key roles:

  1. Merchant bank/acquirer. This is the establishment that is licensed by Mastercard to accept consumer payments on behalf of the merchant. To process a Mastercard transaction, the merchant must establish a relationship with an acquirer.
  2. Card issuer. The issuer is the bank, credit union, government entity, savings and loan association or retailer that issues the Mastercard to the consumer.
  3. Technology and network provider. In this case, the provider is Mastercard.

When you pay with a Mastercard, you go through a process of Authorisation, Clearing and Settlement:




The following steps occur when a payment is being authorised. While it happens instantly, there is a lot of information exchanged within this process:

  1. The customer pays for their goods/services using a Mastercard credit card, debit card or prepaid card at a merchant EFTPOS (electronic funds transfer at point of sale) system.
  2. The Mastercard's security features are checked by the Mastercard authorisation system and securely sent for approval to the customer's bank.
  3. Approval is then sent by Mastercard to the merchant's bank and to the merchant.
Clearing is usually accomplished within one day and follows three steps:

  1. The Mastercard network receives the purchase information sent to them from the merchant's bank.
  2. The information is validated by the Mastercard clearing system, which then sends this purchase information over to the customer's bank.
  3. Data is then prepared for the cardholder's statement.
Settlement of the purchase usually occurs within two days:

  1. Payment is sent from the cardholder's bank to the Mastercard network.
  2. Payment is sent from the Mastercard network to the merchant's bank.
  3. The merchant is paid by the merchant's bank for the customer's transaction.

Does Mastercard charge any fees?

Mastercard does not charge cardholders a fee for using its network. But you could pay a surcharge when you use your Mastercard at some businesses, plus other account fees depending on your credit card provider.

How does Mastercard make money?

Mastercard makes money by charging fees to banks and other financial institutions, including:

    • Gross dollar volume fee. A fee based on the gross dollar volume (GDV) of account holder activity.
    • Domestic assessments. These are fees charged to cardholders' and merchants' financial institutions for domestic transactions.
    • Cross-border volume fees. These are fees charged to cardholders' and merchants' financial institutions for international transactions.
    • Transaction processing fees. These are fees charged to merchants' financial institutions for participating in the Mastercard network and for every transaction that's approved.

    While many of these fees are relatively small, Mastercard's large global presence means that they add up. In fact, Mastercard's gross net revenue was US$22.23 billion for the 2022 financial year.

What's the difference between Mastercard credit and debit card payments?

The main difference between how debit and credit card transactions work is that money from a debit card is taken from your personal bank account, whereas money from a credit card is lent to you by a company.

As well as that, there is a difference in the way the payments are processed – but it depends on how you pay.

When you use a debit card, if you select "Cheque" or "Savings" when prompted, your payment will be processed by EFTPOS rather than Mastercard. When you use a credit card or make a contactless payment, the payment is always processed through the Mastercard network.

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51 Responses

    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 .

      JeniMarch 30, 2018Finder

      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!


    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

    Default Gravatar
    ZhiAugust 19, 2017

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

      Default Gravatar
      ArnoldAugust 19, 2017

      Hi Zhi,

      Thanks for your inquiry.

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

      Hope this information helped.


    Default Gravatar
    BarbaraApril 12, 2017

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

    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

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