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Compare RACQ Credit Cards

Get a low ongoing interest rate for purchases or earn rewards for your spending with one of these RACQ credit cards.


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RACQ credit cards no longer offered

RACQ is not offering credit cards at this time. This information has been kept for historical purposes and for those who already have an RACQ credit card.

RACQ Credit Cards offers two different products to suit different spending foals. The Low Rate card is designed to help you save on interest costs, while the Platinum Rewards card offers you points per $1 spent, complimentary travel insurance and other perks.

The RACQ Bank brand was launched in September 2017, following a merger between the RACQ (Royal Automobile Club of Queensland) and QT Mutual Bank. It also offers other products including insurance, loans and savings accounts.

What types of credit cards does RACQ Bank offer?

RACQ Bank gives you the choice of a card with a low standard variable interest rate for purchases or a card that earns rewards and offers platinum perks. These cards are offered in partnership with Card Services, which is a division of Citigroup Pty Ltd (the parent company of Citi). You can learn more about each card below.

  • Low rate credit card

The RACQ Bank Low Rate Credit Card offers a competitive interest rate of 12.99% p.a. on purchases. It also charges a competitive annual fee of $49 p.a. and offers up to 55 interest-free days if you pay your balance in full by the statement due date. Cardholders can take advantage of complimentary purchase insurance that covers against theft, loss or damage of eligible purchases you make with the card both in Australia and overseas.

  • Platinum credit card

You can use the RACQ Platinum Rewards Credit Card to earn points on eligible transactions. You can redeem your points for rewards including travel, frequent flyer points, merchandise and gift cards through the Card Services Rewards Program. This card also offers complimentary international travel insurance, interstate flight inconvenience insurance and purchase cover insurance, as well as a 24/7 concierge service.

The benefits of an RACQ Bank credit card

Getting an RACQ credit card gives you access to the following features and benefits:

  • Interest-free days on purchases

Both RACQ credit cards offer up to 55 days interest-free on purchases when you have paid off your account balance in full for at least two statement periods. This gives you a way to make purchases and save on interest charges.

  • Complimentary insurance

The RACQ Platinum Rewards offers complimentary international travel insurance, interstate flight inconvenience insurance and purchase cover insurance to help give you peace of mind on eligible trips and purchases made with your card. The RACQ Low Rate also offers purchase cover insurance for eligible items you buy with your card. As with any insurance cover, terms and conditions apply, so refer to the insurance booklet available via the RACQ Bank website for full details.

  • RACQ member benefits

When you get an RACQ Bank credit card, you also become a member of RACQ. This means you can access a range of other member benefits, including motoring advice, discounted movie tickets in Queensland and seasonal entertainment offers.

  • Mastercard benefits

Get access to exclusive travel, shopping and lifestyle offers through the Mastercard Priceless Cities program. Plus, enjoy the convenience of contactless payments with Mastercard PayPass.

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More guides on Finder

  • RACQ Low Rate Credit Card

    The Royal Automobile Club of Queensland's Low Rate Mastercard offers a low interest rate, balance transfer offer and complimentary insurance protections.

  • RACQ Platinum Rewards Credit Card

    Rewards points, a balance transfer offer and interest-free days make the RACQ Platinum Rewards credit card worth considering. Read our complete review for all the important details.

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Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate Balance transfer rate Annual fee
Coles No Annual Fee Mastercard - Exclusive Offer
0% for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
Finder Exclusive. Ends 29 October 2020
Save on new and existing interest charges with 0% interest on both balance transfers and purchases for the first 12 months.
ANZ Low Rate
12.49% p.a.
0% p.a. for 25 months with 1.5% balance transfer fee
$0 annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a on balance transfers for 25 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Qantas American Express Premium Card
20.74% p.a.
Enjoy 100,000 bonus Qantas Points, 50 bonus Status Credits and 2 complimentary Qantas Club lounge invitations per year.
Citi Rewards Card - $500 Voucher Offer
21.49% p.a.
0% p.a. for 12 months
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards 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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