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

Updated December 7th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
0% for 9 months, reverts to 14.99% p.a.
0% p.a. for 9 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Platinum Credit Card with a Low Interest Rate*
Enjoy a $0 first year annual fee and a 0% introductory rate on purchases and balance transfers. Plus, complimentary purchase insurance cover.
Westpac Low Rate Card
2019 Winner
13.74% p.a.
0% p.a. for 16 months
$59 p.a.
0% p.a. Balance Transfer Offer
A no frills, low rate card offering 0% p.a. interest on balance transfers for the first 16 months, with no balance transfer fee.
0% for 13 months, reverts to 21.49% p.a.
0% p.a. for 13 months
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
0% p.a. Purchase & Balance Transfer Offers
Finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
11.99% p.a.
0% p.a. for 14 months
$49 p.a.
Low Purchase Rate and Balance Transfer Offer
Get a $49 annual fee, 10% cashback on purchases made in the first 3 months (capped at $100) and a 14-month balance transfer.
9.89% p.a.
$69 p.a.
Low Rate Credit Card Offer
Offers a competitively low interest rate and up to 55 days interest-free on purchases. Plus, price and purchase protection covers.
19.99% p.a.
0% p.a. for 12 months
$29 p.a. annual fee for the first year ($49 p.a. thereafter)

0% Balance Transfer & Bonus Points Offer

Get up to 25,000 bonus Qantas points, a discounted first year annual fee and complimentary insurance covers.
0% for 15 months, reverts to 12.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Low Rate Platinum Card with Discounted First Year Annual Fee
Features an introductory 0% p.a. purchase rate, $49 first year annual fee and complimentary travel insurance covers.
11.99% p.a.
$0 p.a.
No Annual Fee & Low Interest Rate Credit Card
Keep costs low with $0 annual fee and 100% foreign transaction fee rebates. Available when you hold or open an Orange Everyday account.
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Bonus Qantas Points Offer
Collect up to 120,000 bonus Qantas Points. Get 90k when you spend $3,000 on eligible purchases in the first 60 days and 30k after 12 months.
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
No Annual Fee Offer with Uncapped Velocity Points
Earn uncapped Velocity Points on purchases and save with a $0 annual fee for life and a 0% p.a. for 12 months balance transfer offer.
0% for 14 months, reverts to 13.99% p.a.
0% p.a. for 6 months
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
First Year Annual Fee & 0% Purchase Offer
Finder Exclusive:
Low rate card offering 0% p.a. interest on purchases for the first 14 months and on balance transfers for 6 months. Plus, a $0 first year annual fee.
20.24% p.a. (AMEX)

20.49% p.a. (Visa/MC)
$399 p.a. annual fee for the first year ($499 p.a. thereafter)
Up to 100,000 bonus Velocity Points with Mastercard (issued by Westpac) & Amex (issued & serviced by Amex). T&Cs apply.
20.49% p.a.
$300 p.a.
Earn 80,000 bonus Velocity Points when you meet the spend requirement. Plus, complimentary seat upgrades and lounge passes.
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
No Annual Fee Credit Card
Receive up to 55 days interest-free on purchases, a low minimum credit limit of $500 and a long-term balance transfer offer.
0% for 15 months, reverts to 11.99% p.a.
0% p.a. for 6 months
$45 p.a.
Long-Term Purchase Rate Offer
A no-frills credit card with a competitive annual fee and 0% p.a. on purchases for 15 months. Plus, a 0% balance transfer offer for 6 months.
17.99% p.a.
2.99% p.a. for 9 months
$0 p.a.
$0 Annual Fee with 0% Foreign Transaction Fees
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
13.99% p.a.
0% p.a. for 18 months
$55 p.a.

Low Annual Fee with Balance Transfer Offer

Get 0% p.a. interest for up to 18 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
21.49% p.a.
0% p.a. for 26 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
0% p.a. Balance Transfer Offer
Earn reward Points per $1 spent and take advantage of a 0% p.a. for 26 month balance transfer offer and a discounted $49 first year annual fee.
20.49% p.a.
$200 p.a.
Platinum Credit Card with 60,000 Bonus Qantas Points
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days of approval. Plus, complimentary insurances and a concierge service.
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Balance Transfer Offer & up to 70,000 bonus Velocity Points
Earn up to 70,000 bonus Velocity Points (60,000 in 3 months and 10,000 after first year). Plus, save with 0% p.a. for 18 months on balance transfers.
20.24% p.a. (AMEX)

20.49% p.a. (Visa/MC)
$200 p.a. annual fee for the first year ($249 p.a. thereafter)

Platinum Card with Bonus Velocity Points Offer

Earn up to 75,000 bonus Velocity Points when you meet the criteria with this dual Mastercard (issued by Westpac) & Amex (issued by Amex).
20.49% p.a.
$200 p.a.
Platinum Credit Card with 60,000 Bonus Velocity Points
Receive 60,000 bonus Velocity Points when you spend $3,000 within 90 days of card approval. Plus, 2 complimentary Economy X Seat Upgrade Vouchers each year.
19.74% p.a.
0% p.a. for 6 months
$99 p.a.
Bonus Qantas Points Offer
Receive 60,000 bonus Qantas Points when you spend $2,000 within 90 days and earn 0.5 Qantas points per $1 spent.
13.99% p.a.
0% p.a. for 18 months
$55 p.a.
Balance Transfer Offer
Enjoy a 0% p.a. interest rate for up to 18 months on balance transfers. Plus, a low annual fee and purchase interest rate.
13.99% p.a.
0% p.a. for 18 months
$55 p.a.

Low Interest Rate Offer with Balance Transfer Offer

Enjoy 0% p.a. interest for up to 18 months on balance transfers. Plus, a low annual fee and competitive purchase rate.
18.99% p.a.
0% p.a. for 12 months
$0 p.a.
No Annual Fee with Balance Transfer Offer
Offers 0% p.a. for 12 months on balance transfers and up to 55 days interest-free on purchases, all for a $0 annual fee.

Compare up to 4 providers

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

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

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.

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.

Frequently Asked Questions

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9 Responses

  1. Default Gravatar
    CaroleJanuary 9, 2017

    Can I apply for a balance transfer from a Go MasterCard

    • Avatarfinder Customer Care
      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

    • Avatarfinder Customer Care
      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

    • Avatarfinder Customer Care
      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
    TandeltaNovember 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

    • Avatarfinder Customer Care
      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
    KateOctober 10, 2014

    Hello,

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

    • Avatarfinder Customer Care
      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

Updated December 7th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.
19.99% p.a.
0% p.a. for 18 months
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Get 20,000 bonus Qantas Points per month for the first 6 months when you spend $1,500/month. Total of up to 120,000 bonus Qantas Points.
0% for 9 months, reverts to 14.99% p.a.
0% p.a. for 9 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Enjoy a $0 first year annual fee and a 0% introductory rate on purchases and balance transfers. Plus, complimentary purchase insurance cover.

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.

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