Travel Credit Cards

Travel credit cards let you make purchases overseas and offer perks like 0% currency conversion fees, rewards points and complimentary travel insurance.

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Travel credit cards are a smart way to spend overseas when compared to a travel money card or cash. This is because they're secure against fraud and allow you to access the daily exchange rate, typically giving you better value for your money. If you like to collect rewards or frequent flyer points while you travel,

Bankwest Credit Card Offer

Bankwest Zero Platinum Mastercard

0% p.a. for 26 months on balance transfers
$0 annual fee

Eligibility criteria, terms and conditions, fees and charges apply

Bankwest Credit Card Offer

Save with a $0 annual fee, 0% foreign transaction fees and a 0% balance transfer offer. Plus, complimentary overseas travel insurance.

  • 0% on balance transfers for 26 months with 2% BT fee, reverts to 14.99% p.a.
  • Ongoing $0 annual fee
  • 14.99% p.a. purchase rate | 21.99% p.a. cash advance rate
  • 0% foreign transaction fees online and overseas
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Compare Travel Credit Cards with 0% Foreign Fees

Name Product Foreign currency conversion fee Interest-free period Purchase rate Annual fee
Bankwest Zero Platinum Mastercard
0%
Up to 55 days on purchases
14.99% p.a.
$0
Get 0% p.a. on balance transfers for 26 months (with a 2% BT fee), ​an ongoing $0 annual fee and 0% foreign transaction fees.
Coles Rewards Mastercard
0%
Up to 55 days on purchases
19.99% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Get 20,000 bonus Flybuys points (worth $100 at Coles), a $0 first-year annual fee and an 18-month balance transfer offer. Ends 30 June 2021.
Bankwest Breeze Platinum Mastercard
0%
Up to 55 days on purchases
0% p.a. for 15 months, reverts to 9.9% p.a.
$0 annual fee for the first year ($69 p.a. thereafter)
Get 0% interest on purchases and balance transfers for 15 months, a $0 first-year annual fee and no foreign transaction fees.
NAB StraightUp Card
0%
N/A
$0
Save with 0% interest charges and 0% foreign transaction fees. Plus, $0 monthly fees when you don't use the card or carry a balance.
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Credit cards for travel

How it works: Credit cards provide more liquidity and access to cash overseas for peace of mind. Credit cards also allow you to access the exchange rate of the day, which may be higher than the rate you could have secured beforehand with prepaid travel cards.

How a credit card can suit your travel money needs.

  • Receive the exchange rate on the day. Not being able to lock in the exchange rate can work to your advantage. If your domestic currency appreciates against the destination's currency when you are travelling, you can exchange your money for a better rate.
  • Travel now, pay later. Credit cards can provide up to 55 days interest-free on purchases and 0% purchase offers. These features provide extra funds and flexibility for your travel money needs.
  • Rewards and frequent flyer points. Earn points with rewards programs and frequent flyer programs while you travel.

Things to note when using credit cards for travel.

  • No backup cards. Credit cards only provide additional cards instead of backup cards. As a result if your credit card is lost overseas it may take 1-2 weeks for a new card to be sent to your whereabouts.

Frequent Flyer Credit Cards

Frequent flyer and rewards credit cards are designed with the traveller in mind and can enhance your next travel experience. This type of card lets you look forward to frequent flyer program benefits, airport lounge passes, complimentary travel insurance and bonus points offers so you can upgrade your flights and redeem for rewards.

Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
NAB Qantas Rewards Signature Card
110,000
Qantas Frequent Flyer
1
19.99% p.a.
$295 annual fee for the first year ($395 p.a. thereafter)
Earn up to 110,000 bonus Qantas Points (90,000 when you spend $3,000 in the first 60 days and 20k after 12 months).
Citi Premier Qantas Card
75,000
Qantas Frequent Flyer
0.5
21.49% p.a.
$175 annual fee for the first year ($350 p.a. thereafter)
Get 75,000 bonus Qantas Points when you meet the spend requirement, a first-year annual fee discount and complimentary travel perks.
St.George Amplify Platinum - Qantas
60,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Earn 60,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 15 months with a 1% BT fee.
Citi Rewards Card - Flybuys Offer
100,000
Citi Rewards Program
1
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Get 100,000 bonus Flybuys points (worth $500 Flybuys dollars) when you spend $3,000 in the first 90 days. Plus, a $49 first-year annual fee.
Qantas Premier Platinum
80,000
Qantas Frequent Flyer
1
19.99% p.a.
$225 annual fee for the first year ($299 p.a. thereafter)
Enjoy 80,000 bonus Qantas Points when you spend at least $4,000 within the first 3 months, 80 bonus Status Credits on eligible spend, plus a discounted $225 first-year annual fee.
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Ultimately, choosing the right credit card for travel means understanding your money personality and choosing a card that suits your budget, your lifestyle, your travel plans, and your spending style. Compare the features available and ask yourself how the card you are looking at would benefit you.


Frequently asked questions about travel credit cards

  • What is a currency conversion fee?

A currency conversion fee (sometimes called a foreign or international transaction fee) is a fee that is normally charged by your bank when you spend money in a foreign currency. Every time you make a transaction in a foreign country with your Australian-issued credit card, the amount you spend needs to be converted to the local currency in order for the payment to be processed. Banks charge a fee for this, usually 2 or 3 percent, every single time you transact.

Over time, this charge can add up, especially if you are using your credit card as your main source of spending money and make frequent payments for things like hotels, restaurants and buying train tickets.

Credit cards that do not charge a fee for currency conversion are very popular with travellers. Bear in mind that while some cards will advertise ‘no currency conversion fee’ as their main selling-point, this feature may also be available on other cards.

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4 Responses

    Default Gravatar
    JenMay 15, 2017

    What does your article mean by “travel credit card”? Is this different from my normal Australian Visa credit card? Can I use my normal credit overseas or do I have to get a “travel” credit card?

      Avatarfinder Customer Care
      DeeMay 16, 2017Staff

      Hi Jen,

      Thanks for your question.

      Yes, generally, you may use your normal or regular credit card overseas. However, most credit cards attract high currency conversion and other international transaction fees. Travel credit cards on the other hand may have features that are ideal for overseas travel such as low or zero foreign transaction fees.

      Cheers,
      Anndy

    Default Gravatar
    AbelMay 4, 2015

    Hi,

    What’s the best 0% credit card for travelling overseas with? I missed out on the BankWest offer which was 12 month 0% interest free and no foreign transaction fees. Is there anyway I can apply for this card with these perks?

      Avatarfinder Customer Care
      ElizabethMay 5, 2015Staff

      Hi Abel,

      Thanks for your question.

      There really is no one ‘best’ credit card, as it depends what features you’re looking for in a travel card, where you’re going, how much you’re going to spend, the financial situation you’re in, etc. As you can see from this page there are a few cards available, some with other features such as complimentary insurances, frequent flyer points and more. It can help tp decode wjay features are important to you and then look at what rates and fees are competitive.

      I hope this has helped.

      Thanks,

      Elizabeth

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