stack-of-credit-cards

Top Credit Cards*

What you need to consider when looking for your credit card

If you’ve used or compared credit cards in the past you’re probably well aware that they come with different features, and while some basic features remain the same, some can vary significantly. What makes for a top credit card*, as a result, depends on the kind of credit card you’re looking for, which can include features such as a low rate on purchases, a low annual fee, balance transfer offers, frequent flyer and rewards points or platinum privileges.

While the qualities of one card may work for one type of cardholder, it may not be compatible with another user. Consider your own personal circumstances when choosing which card is best for you. This table provides a cross-section of offers on our website to help you with your comparison.

Competitive Credit Card Offers

Rates last updated February 19th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
25 Month Balance Transfer Offer
Exclusive to finder.com.au, enjoy a no BT fee, 0% balance transfer offer for 25 months and seven complimentary insurance covers.
Westpac Low Rate Card - Online Only Balance Transfer Offer
13.49% p.a.
0% p.a. for 30 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Low Rate Card with Long-Term Balance Transfer Offer
Take advantage of 0% p.a. for 30 months on balance transfers with a 2% balance transfer fee when you apply online by 28 February 2018.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$99 p.a.
Low Rate Platinum Card with No Fee Balance Transfer Offer
Platinum card benefits including complimentary insurance, plus 0% p.a. for 24 months on balance transfers (with no BT fee). Ends 28 February 2018.
Bankwest Breeze Classic Mastercard
12.99% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$79 p.a.
Low Rate Credit Card Offer
Receive a long-term balance transfer offer of 0% p.a. for 24 months, a low ongoing purchase rate and up to 55 interest-free days on purchases.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
First Year Annual Fee Waiver and Balance Transfer Offer
Receive a $50 eGift Card when you meet the offer criteria, a 0% p.a. for 14 month balance transfer offer and a $0 first year annual fee.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
$129 p.a.
Balance Transfer Offer and Annual Fee Refund
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.
Citi Rewards Platinum Credit Card
20.99% p.a.
0% p.a. for 26 months with 2.5% balance transfer fee
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Platinum Card with 0% p.a. for 26 months Balance Transfer offer
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 26 month balance transfer offer, plus complimentary international travel insurance.
Qantas American Express Ultimate Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$450 p.a.
Qantas Frequent Flyer Credit Card with Bonus Points Offer
Take advantage of 100,000 bonus Qantas Points, a $450 Qantas Travel Credit each year and 2 yearly complimentary Qantas Club lounge invitations.
HSBC Low Rate Credit Card
13.25% p.a.
0% p.a. for 20 months with 2% balance transfer fee
$79 p.a.
0% p.a. Balance Transfer Offer
Receive up to 20 months interest-free on balance transfers with a 2% BT fee. Also enjoy exclusive offers with the home&Away Privilege Program.
St.George Vertigo Visa
13.24% p.a.
0% p.a. for 18 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($55 p.a. thereafter)

No First Year Annual Fee with Balance Transfer Offer

Save with a $0 first year annual fee and a 0% p.a. for 18 months balance transfer offer. Plus, up to 55 days interest-free on purchases.
NAB Low Rate Credit Card
0% p.a. for 6 months (reverts to 13.99% p.a.)
4.99% p.a. for 6 months
$59 p.a.
Low Rate Balance Transfer Offer
Receive an introductory 0% p.a. interest rate for 6 months on purchases, Visa Entertainment offers and a competitive $59 ongoing annual fee.
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)
Bonus Points & Balance Transfer Offer
Earn 100,000 reward Points, enjoy a long-term balance transfer offer, a discounted first year annual fee and complimentary travel insurance.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
60,000 Bonus Points Offer
Earn up to 60,000 bonus Velocity Points in the first 3 months and enjoy a discounted annual fee of $64 for the first year. Ends 28 February 2018.
Bank of Melbourne Vertigo Platinum
12.74% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$99 p.a.
Low Rate Platinum Card
Offers a long-term balance transfer, low ongoing purchase rate, complimentary travel insurance and access to a 24/7 personal concierge service.
Virgin Money Low Rate Credit Card
11.99% p.a.
0% p.a. for 14 months
$49 p.a.
Low Purchase Rate and Balance Transfer Offer
Receive a discounted annual fee, $100 cashback when you meet the spend requirement and up to 14 months interest-free on balance transfers.
Citi Simplicity Card
19.99% p.a.
0% p.a. for 15 months with 1.5% balance transfer fee
$0 p.a.
No Annual Fee Card with Low Balance Transfer Offer
Earn 5% cashback on eligible purchases (capped at $50 per month) for the first 90 days from card approval. Plus, a 15 month balance transfer offer.
American Express Explorer Credit Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$395 p.a.
100,000 Membership Rewards Bonus Points
Receive a yearly $400 Travel Credit, 100,000 bonus points and 2 entries per year to the American Express Lounge at Sydney International Airport.
Bankwest Breeze Platinum Mastercard
12.99% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$99 p.a.
Low Rate Platinum Credit Card Offer
Receive a 0% p.a. interest rate on balance transfers for 24 months, complimentary travel insurance and 0% foreign transaction fees.
HSBC Platinum Qantas Credit Card
19.99% p.a.
0% p.a. for 12 months
$199 p.a.
Qantas Frequent Flyer Credit Card
Receive 60,000 bonus Qantas Points when you spend $3,000 within 3 months of card approval, plus enjoy complimentary travel insurance.
Bankwest Zero Platinum Mastercard
17.99% p.a.
2.99% p.a. for 9 months
$0 p.a.
$0 Annual Fee Platinum Card with 9-month Balance Transfer Offer
Complimentary travel insurance, 24/7 Concierge service. Plus no foreign transaction fees for online and overseas purchases.
ANZ Frequent Flyer Black
19.99% p.a.
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
75,000 Bonus Qantas Points Offer
Get 75,000 bonus Qantas Points when you meet the spend requirement, a $0 first year annual fee & 2 yearly complimentary Qantas Club invitations.
BankSA Vertigo Visa
13.24% p.a.
0% p.a. for 18 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% Balance Transfer Offer
Save with a $0 first year annual fee and a 0% p.a. for 18 months balance transfer offer. Plus, up to 55 days interest-free on purchases.
ANZ Frequent Flyer Platinum
19.99% p.a.
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
Platinum Qantas Frequent Flyer Credit Card with Bonus Points Offer
Receive 65,000 bonus Qantas Points when you spend $2,500 on eligible purchases within the first 3 months. Plus, a $0 annual fee for the first year.

Compare up to 4 providers

* The offers compared on this page are chosen from a range of products 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 personal financial circumstances when comparing products.

Some of the top types of credit cards listed

  • Low rate cards
  • No annual fee credit cards
  • Balance transfer credit cards
  • Rewards credit cards
  • Credit cards with introductory offers

What are some of the credit card types to choose from?
Credit cards can broadly fit into the following categories:

Low rate cards

Low rate credit cards charge a low rate of interest on purchases you make relative to other credit card types. Low rate cards typically offer an interest free period with which to repay the balance of any purchases made.

Compare Low Rate credit card options

No annual fee and discounted annual fee cards

These include cards that don’t charge any ongoing annual fees and cards that don’t charge annual fees for the first year. No annual fee cards typically charge higher rates on interest on purchases than a typical low rate credit card.

Compare $0 Annual Fee and $0 First Year Annual Fee credit cards

Balance transfer credit cards

These cards come with 0% p.a. or low balance transfer rates for an introductory period. You should be aware that any balance not repaid will incur interest charges at the end of the introductory period. The rate at which the unpaid balance is charged ('revert rate') is either set at the purchase or cash advance rate on the card. Determine the revert rate of the card you select when looking to do a balance transfer.

Compare Balance Transfer credit card offers

Introductory purchase rate cards

These cards charge 0% p.a. or low interest on purchases for a given time period, giving cardholders the ability to save some money on interest during the introductory period

Compare Introductory Purchase Rate credit card options

Rewards cards

Rewards cards are ones that reward you for your spending in the form of frequent flyer points, vouchers and cashback. Be aware that the annual fees vary and these fees need to be weighed up against the value of the rewards you will earn with the card. Interest rates on purchases are typically charged at a higher rate than a low rate card. If you are not in a position to pay off your balance, consider a low rate credit card instead, as interest charges will be lower.

Compare Rewards Credit Cards

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Pros and cons

Each of the different card types represented have their own advantages and disadvantages, so be sure to research the card type to find out more information.

Pros

  • Competitive features. Cards that come with some of the most competitive offers in their respective realms.
  • Low annual fees. They can charge no, low, or discounted annual fees
  • Value. Some provide great value even after the end of promotional offers
  • Variety. You get a variety of card types from which to choose

Cons

  • High income requirements. Platinum and premium cards come with high minimum income requirements
  • Limitations. Many credit cards pose limitations, whether this refers to how you can earn or redeem rewards points or in regards to how much you can balance transfer.
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What should I avoid?

No matter which credit card you use, there are several things you should try to avoid for as long as you continue using the card in question:

  • A card that doesn’t benefit you financially
    If you’re paying high annual fees but aren’t making use of features like rewards and other added benefits, using the card in question does not make financial sense.
  • Overextending yourself
    Overextending your means just to make the most of your card is not a good idea. You should not, for example, increase your spending just to earn more reward points.
  • Carrying a balance
    Carrying an outstanding balance from one billing cycle to the next will have you paying interest, which can add up to a tidy sum over time. This can be a particular problem if your card attracts a high purchase rate.

The Australian credit card industry is awash with options, and when it comes to applying for a new card it’s only natural for people to want what’s ideal for them. The top credit card*, in essence, depends on the specific features you’re after, and once you know what you need, take some time to compare offerings by credit card issuers.

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Frequently Asked Questions

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Credit Card Offers

Important Information*
NAB Premium Card - Exclusive Offer
NAB Premium Card - Exclusive Offer

Interest rate

19.74

Annual fee

90
St.George Vertigo Platinum - Online Offer
St.George Vertigo Platinum - Online Offer

Interest rate

12.74

Annual fee

99
Woolworths Everyday Platinum Credit Card
Woolworths Everyday Platinum Credit Card

Interest rate

19.99

Annual fee

49

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9 Responses

  1. Default Gravatar
    CaroleJanuary 9, 2017

    Can I apply for a balance transfer from a Go MasterCard

    • Staff
      MayJanuary 9, 2017Staff

      Hi Carole,

      Thank you for your inquiry.

      Yes, you can conduct a balance transfer from a Go MasterCard to new card so long that you are transferring the balance to a credit card that is not underwritten by Latitude Financial Services. For a guide on which card you can transfer a balance to and from, please refer to this page.

      Also, keep in mind that the total amount you can transfer to a new card should not exceed the credit limit you’ll be approved for the new card. If you have chosen a card that you are eligible for, simply click on the ‘Go to site’ button to apply.

      Hope this helps.

      Cheers,
      May

  2. Default Gravatar
    EveDecember 11, 2015

    I want a credit card will 0 interest and 0 cost per year

    • Staff
      SallyDecember 14, 2015Staff

      Hello Eve,

      Thanks for getting in touch.

      You can compare credit cards with no annual fee and 0% interest rates here.

      I hope this has helped.

      Cheers,

      Sally

    • Staff
      YsaDecember 14, 2015Staff

      Hi Eve,

      Thanks for your inquiry.
      Please note that you have come through finder.com.au, an online comparison service, and is not in the position to recommend any specific products, providers and services.
      However, you may wish to compare your options on these pages for 0% Purchase Credit Cards and No Annual Fee Credit Cards.
      I hope this helps.

      Cheers,
      Ysa

  3. Default Gravatar
    November 6, 2014

    Hello,
    I signed up to a Citibank platinum visa card when I was working on an on going line of credit. However,last year I was placed on Disability Pension due to an accident. Now I find that the overall annual fee, cash advance,Purchase fee and a number of other fee is impractical to continue with it. Have tried many banks trying to change to a lower overall fees but so far haven’t found any bank to give me a fair go. What do you recommend I do or which bank do you recommend that will help people in my situation who haven’t missed a payment, get a low rate/low fee visa card.
    Regards, Tony

    • Staff
      ElizabethNovember 7, 2014Staff

      Hi Tony,

      Thanks for your question.

      You can compare a range of low and no annual fee credit cards on this page, and low rate credit cards on this page. These type of cards may better suit your situation. Be sure to check the minimum income requirements before you apply to help your chances of being approved.

      I hope this has helped.

      Thanks,

      Elizabeth

  4. Default Gravatar
    October 10, 2014

    Hello,

    I want a low interest credit card that I can use for overseas purchases and travelling. Can you please recommend one?

    • Staff
      ElizabethOctober 10, 2014Staff

      Hi Kate,

      Thanks for your question.

      Unfortunately I’m unable to recommend a specific credit card for you. The right credit card will depend on your financial situation and needs, but we have a page where you can compare a range of travel credit cards. You can sort the cards on the table by interest rate and find the ones with the lowest interest, then choose the one that best suits your needs.

      Hope this has helped.

      Thanks,

      Elizabeth

Credit Cards Comparison

Rates last updated February 19th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
Exclusive to finder.com.au, enjoy a no BT fee, 0% balance transfer offer for 25 months and seven complimentary insurance covers.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$99 p.a.
Platinum card benefits including complimentary insurance, plus 0% p.a. for 24 months on balance transfers (with no BT fee). Ends 28 February 2018.
Westpac Low Rate Card - Online Only Balance Transfer Offer
13.49% p.a.
0% p.a. for 30 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Take advantage of 0% p.a. for 30 months on balance transfers with a 2% balance transfer fee when you apply online by 28 February 2018.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you meet the offer criteria, a 0% p.a. for 14 month balance transfer offer and a $0 first year annual fee.

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