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How to fund your student holiday with a credit card

Using your credit card to fund your student holiday has its benefits, but it doesn’t come without some costs. Use this guide to weigh up whether you should pay for your next trip on plastic.

Organising a holiday can be expensive. In between saving for flights, accommodation, travel insurance and spending money, it’s easy for the costs to pile up. If you’re still studying, finding the funds to do this can only make things more difficult. This is where a credit card could come in.

While you shouldn’t charge your entire holiday to a credit card, there are a few ways that paying on plastic could help you manage your cash flow when organising your next trip. Use this guide to compare which cards are suitable for students booking their next holiday, the features to look out for and the mistakes to avoid.

skiingholiday (1)

How can I use a credit card to fund my holiday?

While you shouldn’t pay for your whole holiday on plastic, there are a few different ways you can use a credit card to help manage those travel costs. Whether you want to use your credit card to pay for flights, cover your accommodation or consolidate your post-holiday debt, you can compare some of your options below:

Before your holiday: Managing your prepaid expenses

When you’re planning a holiday, many of the costs come up before you even step on the plane. However, there are a few different credit cards on the Australian market that could help you cover some of these costs while racking up some extra benefits.

0% purchase rate credit cards

If you have some big-ticket purchases in mind, a credit card with a 0% purchase rate might help. 0% purchase rate offers can last anywhere from 3 to 15 months, meaning you can pay off your balance without accruing interest for as long as the promotional period lasts. If you’re trying to save your holiday spending money and organise your prepaid costs, a 0% purchase rate credit card could help you manage some of those on credit without the burden of interest. As these 0% rates are only in place for a set period, make sure you pay off the prepaid purchases before the promotion ends to avoid collecting interest when the revert rate sets in.

Comparison of 0% purchase rate credit cards

Rates last updated November 23rd, 2017
$
Name Product Product Description Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period Amount Saved
Bankwest Breeze Classic Mastercard
Get the security of free worldwide emergency card replacement and the convenience of Mastercard PayPass.
0% p.a. for 13 months (reverts to 12.99% p.a.)
0% p.a. for 13 months with 2% balance transfer fee
$79 p.a.
Up to 55 days on purchases
ANZ Platinum Credit Card - Exclusive Offer
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months with no balance transfer fee.
0% p.a. for 3 months (reverts to 19.74% p.a.)
0% p.a. for 12 months
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Up to 55 days on purchases
Bankwest Breeze Platinum Mastercard
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.
0% p.a. for 13 months (reverts to 12.99% p.a.)
0% p.a. for 13 months with 2% balance transfer fee
$99 p.a.
Up to 55 days on purchases
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Until 30 November 2017 get 0% p.a. on purchases for 12 months. Plus, up to 0.66 Velocity Points per $1 spent.
0% p.a. for 12 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$129 p.a.
Up to 44 days on purchases
NAB Low Rate Platinum Card
A platinum card that offers an introductory rate of 0% p.a. for 9 months on purchases.
0% p.a. for 9 months (reverts to 13.99% p.a.)
4.99% p.a. for 6 months
$100 p.a.
Up to 55 days on purchases
NAB Low Rate Credit Card
Receive up to 55 days interest-free on purchases, special offers from Visa Entertainment and Tap and Pay capabilities.
0% p.a. for 6 months (reverts to 13.99% p.a.)
4.99% p.a. for 6 months
$59 p.a.
Up to 55 days on purchases
Bankwest Low Rate Business Mastercard
Offers an introductory 0% p.a. interest rate on purchases for 12 months. Plus, add up to 3 additional cardholders for $0.
0% p.a. for 12 months (reverts to 11.99% p.a.)
$99 p.a.
Up to 55 days on purchases

Compare up to 4 providers

Cards with complimentary international travel insurance

When you plan an overseas holiday, travel insurance is another cost you’ll need to consider. This is where a credit card with complimentary insurance could come in handy. While some cards will require you to spend a percentage of your holiday costs (such as $500 for flights or accommodation) on the card to activate the policy, it could be a convenient way to receive insurance cover without the time and cost it takes to organise standalone travel insurance. The insurance is often eligible for up to six months worth of travel, though you’ll need to make sure you meet the eligibility requirements before you apply.

Comparison of credit cards with complimentary insurance covers

Rates last updated November 23rd, 2017
Name Product Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Complimentary Travel Insurance Annual fee Minimum Income Product Description
St.George Vertigo Platinum - Online Offer
Yes
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Platinum card benefits plus 0% p.a. for 24 months on balance transfers (with no BT fee) and $0 annual fee in the first year. Ends 13 December 2017.
NAB Premium Card
0
0
Yes
$90 p.a.
Take advantage of a 0% p.a. for 20 months on balance transfers. Plus, access to a 24/7 concierge service.
Qantas Premier Platinum
75,000 bonus points
1
Yes
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
$35,000
Fly further with 75,000 bonus Qantas points, up to 2 Qantas Points per $1 spent and 2 yearly complimentary Qantas Club lounge invitations.
HSBC Platinum Credit Card
1
Yes
$129 p.a.
$40,000
Take advantage of a 0% p.a. for 22 months on balance transfers offer with a 2% balance transfer fee.
HSBC Platinum Qantas Credit Card
60,000 bonus points
1
Yes
$199 p.a.
$40,000
Enjoy complimentary membership to the Qantas Frequent Flyer program and the ability to pay with Apple Pay.
ANZ Platinum Credit Card - Exclusive Offer
Yes
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
$35,000
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
ANZ Frequent Flyer Black
75,000 bonus points
1
Yes
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
$75,000
Earn 75 Bonus Status Credits when you apply by 24 January 2018, buy and fly return with Qantas by 31 May 2018.
ANZ Low Rate Platinum
Yes
$99 p.a.
$35,000
Get $250 back to your new ANZ Low Rate Platinum when you spend $500 on eligible purchases within the first 60 days from card approval.
ANZ Frequent Flyer Platinum
65,000 bonus points
0.75
Yes
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
$35,000
Enjoy complimentary membership to the Qantas Frequent Flyer program and access to a 24/7 concierge service.
Bankwest Breeze Platinum Mastercard
Yes
$99 p.a.
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.

Compare up to 4 providers

Student credit card

If you’re using a credit card for both everyday and holiday expenses while you’re studying, a student credit card could be another worthwhile option. Only available to applicants who are enrolled in full-time study, student credit cards usually come with lower credit limits, annual fees and interest rates. While they don’t usually offer the same level of features as top-tier cards, they can be a convenient way to manage your costs without the frills.

Comparison of student credit cards

Rates last updated November 23rd, 2017
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
ANZ First Student Card
19.74% p.a.
Up to 44 days on purchases
$0 p.a. annual fee for the first year ($30 p.a. thereafter)
Access your account on the go with the goMoney™ app and have the convenience of Android Pay, Apple Pay or Samsung Pay.
NAB Low Rate Credit Card
0% p.a. for 6 months (reverts to 13.99% p.a.)
Up to 55 days on purchases
$59 p.a.
4.99% p.a. for 6 months
Receive special offers from Visa Entertainment, emergency travel assistance and the convenience of payWave.
Citi Simplicity Card
19.99% p.a.
Up to 55 days on purchases
$0 p.a.
0% p.a. for 15 months with 1.5% balance transfer fee
Earn 5% cashback on eligible purchases (capped at $50 per month) for the first 90 days from card approval.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$58 p.a.
Get access to Mastercard's Priceless Cities and mobile payment technology with Android Pay, Apple Pay or Samsung Pay.
Citi Clear Platinum
14.99% p.a.
Up to 55 days on purchases
$99 p.a.
A platinum card with benefits including complimentary insurance, a 24-hour concierge service and Citi World privileges.
Australian Military Bank Low Rate Visa Credit Card
10.99% p.a.
Up to 55 days on purchases
$49 p.a.
0% p.a. for 12 months
Enjoy up to 55 interest-free days on purchases, add an additional cardholder for $0 and enjoy the convenience of Visa payWave.
Bendigo Bank Low Rate First Mastercard
11.99% p.a.
Up to 55 days on purchases
$29 p.a.
For customers aged 18 to 25 years, this card gives you up to 55 interest-free days and a low variable interest rate on purchases.
bcu Classic Credit Card
11.80% p.a.
Up to 55 days on purchases
$45 p.a.
Enjoy a competitive interest rate of 11.8% p.a. on purchases, plus up to 55 days interest-free on purchases.

Compare up to 4 providers

travelling on a budget

During your holiday: Handling your travel budget

Now that your prepaid expenses are out of the way, it’s time to plan how you’ll manage your travel budget overseas. While you should have some savings to spend overseas, a credit card could be a useful way to balance out your travel budget between cash and credit. If you want to avoid racking up post-holiday debt, you might even want to consider just carrying a credit card in case of emergencies. Either way, you can compare some of your options below:

No foreign currency conversion fee credit card.

If you’re spending overseas, a regular credit card will quickly rack up foreign currency conversion fees when you pay in the local currency. If you plan to make regular purchases overseas on your credit card, a card with no foreign currency conversion fees can help you save on those costs. These cards generally come with higher annual fees, though, so you’ll want to make sure the interest savings outweigh the standard costs before you apply.

Comparison of no foreign currency conversion fee credit cards

Rates last updated November 23rd, 2017
Name Product Foreign Currency Conversion Fee Overseas ATM Withdrawal Fee Overseas Cash Advance Fee Annual fee Product Description
Bankwest Zero Platinum Mastercard
0% of transaction value
$0
The greater of 2% or $4
$0 p.a.
Receive complimentary international travel insurance, access to a 24/7 concierge service and 0% foreign transaction fees.
Bankwest Breeze Platinum Mastercard
0% of transaction value
$0
Greater of 2% or $4.00
$99 p.a.
Offers an introductory balance transfer rate of 0% p.a. for 13 months with a 2% BT fee, plus platinum perks.
ANZ Rewards Travel Adventures card
0% of transaction value
$0
$0
$225 p.a.
Receive 40,000 bonus Velocity Points when you spend $500 on eligible purchases in the first three months.
Westpac Lite Card
0% of transaction value
$0
$108 p.a.
Keep credit card costs low with a maximum credit limit of $4,000 and no foreign transaction fees.
Bankwest Qantas Platinum Mastercard
0% of transaction value
$0
2% or $4, whichever is greater
$160 p.a.
Enjoy a high credit limit with complimentary travel insurances and earn 0.5 Qantas Points per $1 spent on eligible purchases.
Bankwest More Platinum Mastercard
0% of transaction value
$0
2% or $4, whichever is greater
$160 p.a.
No fees on overseas ATM withdrawal, no foreign transaction fees and earn 75,000 bonus More rewards points.

Compare up to 4 providers

Rewards credit card

If you’re planning to pay on plastic frequently throughout your holiday, you might want to increase the value you get from your purchases with a rewards credit card. These cards let you earn rewards points per $1 spent, which you can then redeem for flight rewards, travel packages, merchandise, cashback and more. Some cards even offer bonus points for purchases made overseas, which could come in handy on your trip. Again, these cards usually come with higher annual fees and interest rates, so don’t let the promise of rewards sway you. Instead, make sure you compare the other features, fees and costs involved before applying.

Comparison of rewards credit cards

Rates last updated November 23rd, 2017
Name Product Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee Product Description
NAB Qantas Rewards Signature Card
100,000 bonus points
1
19.99% p.a.
$395 p.a.
Earn Qantas Points for your spending combined with overseas travel insurance and a balance transfer rate of 4.99% p.a. for 6 months.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
60,000 bonus points
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.
Qantas Premier Platinum
75,000 bonus points
1
19.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly faster with up to 2 Qantas Points per $1 spent, receive 2 yearly complimentary Qantas Club lounge invitations, plus, included travel insurance.
Citi Platinum Credit Card - 100k Bonus Points
100,000 bonus points
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, take advantage of a long-term balance transfer offer and receive complimentary travel insurance.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0.66
0% p.a. for 12 months (reverts to 20.74% p.a.)
$129 p.a.
Save with 0% p.a. on purchases for 12 months. Plus, a $129 Virgin Australia Gift Voucher every year you hold the card.
ANZ Frequent Flyer Platinum
65,000 bonus points
0.75
19.99% p.a.
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
Get 65,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months.
HSBC Platinum Qantas Credit Card
60,000 bonus points
1
19.99% p.a.
$199 p.a.
Offers complimentary membership to the Qantas Frequent Flyer Program and international travel insurance included.
ANZ Frequent Flyer Black
75,000 bonus points
1
19.99% p.a.
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
Take advantage of 75 Bonus Status Credits when you apply by 24 January 2018, and buy and fly return with Qantas by 31 May 2018.
Qantas American Express Discovery Card
1
20.74% p.a.
$0 p.a.
Earn Qantas points that can be redeemed for a one way, return or multi-destination Classic Flight Reward on over 50 partner airlines.
NAB Rewards Signature Card
100,000 bonus points
1.25
19.99% p.a.
$295 p.a.
Receive 100,000 bonus NAB Rewards points when you spend $3,000 on everyday purchases in the first 60 days of account opening.

Compare up to 4 providers

Credit cards with purchase protection

Shopping with a credit card overseas can help you make more secure purchases. Many credit cards offer purchase protection cover, which can protect you from fraudulent transactions, replacement or a refund of the purchase price if an item is lost, damaged or stolen and extended warranty protection. In the case of an emergency, make sure you understand what you’re covered for under the policy and the contact details you’ll need to report an issue or make a claim.

Comparison of credit cards with purchase protection

Rates last updated November 23rd, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card
19.74% p.a.
0% p.a. for 20 months with 2% balance transfer fee
$90 p.a.
Offers 7 complimentary insurance covers, access to a 24/7 concierge service and special offers through Visa Entertainment.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Platinum card benefits plus 0% p.a. for 24 months on balance transfers (with no BT fee) and $0 annual fee in the first year. Ends 13 December 2017.
American Express Essential Credit Card
14.99% p.a.
0% p.a. for 12 months with 3% balance transfer fee
$0 p.a.
Get Smartphone Screen Insurance of up to $500 when you pay for your phone or contract with your Essential Credit Card.
Qantas American Express Discovery Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Take advantage of purchase protection repairs or replacements on eligible items if they are accidentally broken or stolen within 90 days of purchase.
Westpac Low Rate Card - Online Only Balance Transfer Offer
13.49% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$59 p.a.
Take advantage of 0% p.a. for 24 months on balance transfers with a 2% balance transfer fee when you apply online by 31 January 2018.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
$129 p.a.
The HSBC Platinum Credit Card offers purchase protection cover for eligible purchases.
American Express Velocity Escape Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Earn uncapped Velocity points on purchases and redeem for a range of rewards including flights, accommodation, car hire and gift cards.
American Express Platinum Edge Credit Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$195 p.a.
Receive a $200 Travel Credit every year and complimentary domestic and international travel insurance.
ANZ Frequent Flyer Platinum
19.99% p.a.
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
Get 65,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months.
Bankwest Breeze Platinum Mastercard
0% p.a. for 13 months (reverts to 12.99% p.a.)
0% p.a. for 13 months with 2% balance transfer fee
$99 p.a.
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.

Compare up to 4 providers

Happy woman buying online with a smart phone

After your holiday: Consolidating any post-holiday debts

In 2015, finder.com.au reported that more than 2 million travellers were hit with debt lag when they returned from their holiday. According to the survey, one in three Australians who used their credit card on holiday failed to pay off their accumulated debt, worth a total of $139 million, in time to avoid interest. So, while a credit card can be a useful way to manage your costs, it can also be an easy way to fall into debt if you’re not careful. If you have overspent and are struggling to pay off your post-holiday debt, it might be time to consider a balance transfer.

Balance transfer

If you’re struggling to repay your holiday debt due to interest, a 0% balance transfer credit card could help you pay off your debt faster without the cost of interest. 0% balance transfer offers are only available for a promotional period and generally last from 6 to 20 months. When the promotional offer ends, a standard balance transfer interest rate will apply and your debt will continue to grow with interest. So if you really want to et your post-holiday debt under control, be sure to pay the debt off in full before the offer ends.

Comparison of balance transfer credit cards

Rates last updated November 23rd, 2017
$
% p.a.

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Name Product Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Amount Saved Product Description
St.George Vertigo Platinum - Online Offer
0% p.a. for 24 months
12.74% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Platinum card benefits plus 0% p.a. for 24 months on balance transfers (with no BT fee) and $0 annual fee in the first year. Ends 13 December 2017.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 18 months
20.74% p.a.
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
NAB Premium Card
0% p.a. for 20 months with 2% balance transfer fee
19.74% p.a.
$90 p.a.
Benefit from premium perks including travel insurance, Platinum Concierge Service plus 0% p.a. for 20 months on balance transfers.
Citi Platinum Credit Card - 100k Bonus Points
0% p.a. for 15 months with 1% balance transfer fee
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, take advantage of a long-term balance transfer offer and receive complimentary travel insurance.
ANZ Platinum Credit Card - Exclusive Offer
0% p.a. for 12 months
0% p.a. for 3 months (reverts to 19.74% p.a.)
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months with no balance transfer fee.
HSBC Platinum Credit Card
0% p.a. for 22 months with 2% balance transfer fee
19.99% p.a.
$129 p.a.
Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
Bankwest Breeze Classic Mastercard
0% p.a. for 13 months with 2% balance transfer fee
0% p.a. for 13 months (reverts to 12.99% p.a.)
$79 p.a.
Receive 0% interest offers on purchases & balance transfers, up to 55 days interest-free on purchases and free emergency card replacement.
St.George Vertigo Visa - Online Offer
0% p.a. for 18 months
13.24% p.a.
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Take advantage of 0% p.a. for 18 months on balance transfers (with no BT fee). Plus, $0 annual fee in the first year. Ends 13 December 2017.
Westpac Low Rate Card - Online Only Balance Transfer Offer
0% p.a. for 24 months with 2% balance transfer fee
13.49% p.a.
$59 p.a.
Take advantage of 0% p.a. for 24 months on balance transfers with a 2% balance transfer fee when you apply online by 31 January 2018.
NAB Low Fee Card
0% p.a. for 16 months with 2% balance transfer fee
19.74% p.a.
$30 p.a.
Receive complimentary purchase protection insurance, special offers from Visa Entertainment and up to 44 days interest-free on purchases.

Compare up to 4 providers

For more tips, see our guide on how to use a credit card for your next holiday.

What are the benefits of using a credit card to fund your student holiday?

  • Security of credit. Credit cards give you access to an emergency line of credit and their purchase protection features could give you extra peace of mind when shopping overseas.
  • Travel-centric extras. Some credit cards offer extra features designed for frequent travellers including rewards programs, complimentary airline lounge access and included international travel insurance.
  • Manage prepaid cash flow. Using a credit card to pay for expenses such as flights can free up your savings for incidental expenses and holiday spending.
  • Debt consolidation tool. If you return from holiday with a debt, a balance transfer credit card can help you consolidate your balance in a credit card with 0% on balance transfers for a set period. Not only will you be able to pay off your debt quicker, but you can do so without the burden of interest.

What are the downfalls of using a credit card to fund your student holiday?

  • Temptation to spend. Unlike when you’re spending to a budget with your debit card, a credit card can tempt you to spend more than you have. Remember that you have to repay everything you charge (plus interest) and stick to a budget whenever you can.
  • Come with extra costs. Unlike a debit card, credit cards come with extra costs such as annual fees, interest charges and late payment fees.
  • Shouldn’t be used for ATM withdrawals. Using your credit card at an ATM is considered a cash advance. Unfortunately, cash advances collect a higher interest rate and can also incur a cash advance fee. You might want to consider a debit card or prepaid travel card for withdrawals instead.
  • Eligibility requirements. Credit cards also come with stricter eligibility requirements than debit cards or prepaid cards. This means you’ll need to meet a minimum income requirement, have a good credit history and meet the age restriction to receive approval.

How do I apply for a credit card to fund my student holiday?

If you’ve decided to use a credit card to fund your student holiday and have compared your options, you’ll need to make sure you meet the eligibility requirements and have prepared the necessary documents before you apply:

Eligibility requirements

  • Age. All Australian credit cards require cardholders to be at least 18 years old.
  • Minimum income. Most credit cards come with a minimum income requirement. If you’re studying full-time, you might want to consider comparing low income credit cards (which usually start at around $15,000 p.a.) to ensure you meet the minimum requirement.
  • Credit history. Credit card issuers require applicants to have a good credit history. If you’ve never had a credit card before, it’s likely that you’ll have no activity on your credit history. If this is the case, you might need to get in touch with the issuer directly to see if there are any other details you need to provide to improve your chances of approval if you don’t have a credit score.
  • Residential status. Many credit cards require cardholders to be permanent Australian residents.
  • Full-time enrolment. If you’re applying for a student credit card, you’ll need to be enrolled full-time at an eligible university, TAFE or other education institution.

Required documents

  • Proof of identity. You’ll need to provide proof of identity such as your birth certificate, passport or driver’s licence.
  • Proof of income. You’ll need to include proof of income such as recent payslips, Centrelink payments and even student scholarships if relevant.
  • Student information. You’ll need to also provide proof of your full-time enrolment.
  • Co-signer. If you’ve never had a credit card, you might be required to have a co-signer when you sign up for the card. The co-signer is usually your parent or guardian and will be responsible for your debt if you’re unable to make repayments.

A credit card can come in handy whether you’re planning for your holiday, managing your travel spending budget or consolidating your post-holiday debt. However, it’s important to remember that you have to repay everything you charge and you don’t want to rack up debt and get your credit history off to a bad start while you’re still studying. Above all, be sure to compare your options and ensure you can afford the card before you apply.

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