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How to fund your wedding with a credit card

Learn more about how a credit card could help you say “I do”.

It’s no secret: weddings are expensive. A survey conducted my MoneySmart in 2012 put the average cost of a wedding at $36,200. It also found that about 60% of respondents got a loan to cover the costs and 18% used a credit card.

The cost today could be more or less, but either way, there is a good chance that you’ll need a large sum of money to pay for your big day. If you’re considering using a credit card to help cover the costs, read this guide to learn about your options and the key details you’ll need to consider when deciding if paying with plastic will work for you. If you are looking for a personal loan, you may consider comparing wedding personal loans.

Types of credit cards you could use to fund your wedding

Photography, venue hire, food and flowers are typical wedding expenses. Whether you’re using a low rate credit card so you can buy now and pay later, or a rewards credit card so you can honeymoon on the points, we look at the advantages and disadvantages of each type of card.

Low or no interest credit cards

Low or no interest credit cards are characterised by either a low ongoing purchase rate of interest or low or no interest on purchases for a limited period of time. For expenses relating to a specific event, such as a wedding, you may want to consider credit cards with 0% purchase rate promotional offers for more than one year. This allows you to charge the cost of purchases like catering to the account when you need to and gives you time to pay off the balance without accruing interest.

Keep in mind that some low rate cards don’t offer extras or rewards. So if you want to take advantage of these features for your honeymoon (and beyond), you may want to consider a low rate platinum credit card or look at cards in different categories.

Compare low or no interest credit cards

Data indicated here is updated regularly
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate Balance transfer rate
Bendigo Bank Low Rate Mastercard
0% for 15 months, reverts to 11.99% p.a.
Up to 55 days on purchases
$45 p.a.
11.99% p.a.
11.99% p.a.
Enjoy a 0% p.a. interest rate on purchases for the first 15 months and a $150 Woolworths gift card when you spend $3,000 in the first 90 days.
Coles Low Rate Mastercard
12.99% p.a.
Up to 55 days on purchases
$58 p.a.
0% p.a. for 6 months
0% p.a. for 6 months
Collect 1 flybuys point per $2 spent at Coles supermarkets and get free delivery on orders over $100. Plus, Coles Mobile Wallet.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($58 p.a. thereafter)
0% p.a. for 22 months with 1.5% balance transfer fee
0% p.a. for 22 months with 1.5% balance transfer fee
With a low minimum credit limit of $1,000, this no frills card allows you to add up to 3 additional cardholders for $0.
Virgin No Annual Fee Credit Card - Purchase Offer
0% for 9 months, reverts to 18.99% p.a.
Up to 55 days on purchases
$0 p.a.
0% p.a. for 9 months
0% p.a. for 9 months
Offers an introductory 0% p.a. for 9 months on purchases and balance transfers (with no BT fee) for an ongoing $0 annual fee.
St.George Vertigo Platinum
0% for 15 months, reverts to 12.99% p.a.
Up to 55 days on purchases
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
6.99% p.a. for 12 months
6.99% p.a. for 12 months
Features an introductory 0% p.a. purchase rate, $49 first year annual fee and complimentary travel insurance covers.
Westpac Low Rate Card
Finder Award
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 16 months
0% p.a. for 16 months
A no frills, low rate card offering 0% p.a. interest on balance transfers for the first 16 months, with no balance transfer fee.
BankSA Vertigo
0% for 7 months, reverts to 13.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 22 months with 1.5% balance transfer fee
0% p.a. for 22 months with 1.5% balance transfer fee
A no-frills Visa with the protection of a zero liability policy and a 24/7 fraud monitoring service.
St.George Rainbow Vertigo Platinum
0% for 15 months, reverts to 12.99% p.a.
Up to 55 days on purchases
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
6.99% p.a. for 12 months
6.99% p.a. for 12 months
All the platinum features of the Vertigo Platinum Visa with a rainbow design in support of the LGBT community.
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Compare low or no interest on purchases

Rewards credit cards

If you use a rewards credit card to pay for your wedding, not only could you earn points on your necessary wedding costs, you could then use the points to redeem rewards to pay for the cost of domestic and overseas flights, accommodation and travel packages for your honeymoon. Plus, some cards offer bonus points on signup, which could really help bolster your points balance.

There are two main types of rewards cards on the market: frequent flyer credit cards and rewards credit cards. A frequent flyer credit card gives you frequent flyer points when you make eligible purchases, while a rewards credit card gives you points with a dedicated provider program, such as CommBank Awards.

The main difference between these two options is the scope of rewards. Frequent flyer rewards programs such as Qantas or Velocity provide travel-focused rewards whereas rewards programs such as CommBank Awards or Citi Rewards have an equal focus on merchandise rewards as well as flights with a number of partner airlines. So if you’re loyal to one airline, such as Qantas or Virgin, a frequent flyer credit card might be the right choice. If you want more flexibility with your rewards, consider a rewards credit card that you can use to redeem rewards for cashback, merchandise from the online store or flights with one of the bank’s partner airlines.

Some of these cards also include perks such as complimentary international travel insurance, which could save you hundreds of dollars on purchased insurance for your destination wedding or honeymoon. As rewards credit cards tend to have higher annual fees and interest rates, it’s important to make sure that the value of the rewards you redeem outweighs this cost.

Compare rewards credit cards

Data indicated here is updated regularly
Name Product Bonus Points Rewards program Rewards Points per $ spent Purchase rate (p.a.) Annual fee
ANZ Frequent Flyer Black
100,000 bonus points
Qantas Frequent Flyer
Visa/MC
1
20.24% p.a.
$425 p.a.
Earn 100,000 bonus Qantas Points, 75 bonus Status Credits and $150 back when you spend $3,000 in the first 3 months with this premium card.
Qantas Premier Platinum
80,000 bonus points
Qantas Frequent Flyer
Visa/MC
1
19.99% p.a.
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Get up to 80,000 bonus Qantas Points, 75 bonus Status Credits, a discounted first-year annual fee and a 0% p.a. balance transfer rate for 18 months.
American Express Qantas Business Rewards Card
120,000 bonus points
Qantas Business Rewards
Amex
1.25
N/A
$450 p.a.
ABN holders w/ $75,000 revenue. Get 120,000 bonus points, 3x points on eligible Qantas flights & 2 lounge passes per year.
American Express Explorer Credit Card
50,000 bonus points
Membership Rewards
Amex
2
20.74% p.a.
$395 p.a.
Get 50,000 bonus points when you spend $3,000 in the first 3 months, a yearly $400 Travel Credit and 2 entries per year to the Amex Lounge.
Coles Rewards Mastercard
flybuys
Visa/MC
2
19.99% p.a.
$99 p.a.
Earn 2 flybuys points / $1 spent and save with a 0% balance transfer offer. Plus, 0% international transaction fees on purchases.
Qantas Premier Everyday
25,000 bonus points
Qantas Frequent Flyer
Visa/MC
0.75
19.99% p.a.
$49 p.a.
Get up to 25,000 bonus Qantas points, a 0% balance transfer offer and complimentary insurance covers.
Qantas American Express Discovery Card
Qantas Frequent Flyer
Amex
0.75
20.74% p.a.
$0 p.a.
Earn 0.75 Qantas Points for your everyday purchases, uncapped, and pay $0 annual fee for the life of the card on this no-frills frequent flyer card.
St.George Amplify Platinum - Qantas
60,000 bonus points
Qantas Frequent Flyer
Visa/MC
0.5
19.74% p.a.
$99 p.a.
Earn 60,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 6 months and complimentary insurance covers.
American Express Platinum Edge Credit Card
Membership Rewards Ascent
Amex
1
20.74% p.a.
$195 p.a.
Receive a yearly $200 Travel Credit and complimentary domestic and international travel insurance, plus up to 3 Membership Rewards Points / $1.
Westpac Altitude Platinum Qantas
60,000 bonus points
Qantas Frequent Flyer
Visa/MC
0.5
20.49% p.a.
$200 p.a.
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days.
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Maximise points through rewards credit cards

High credit limit credit cards

Rewards, frequent flyer, gold, platinum, diamond, black, Signature and Prestige credit cards typically offer higher credit limits than no annual fee and low rate credit cards. Whichever card you choose, just be sure the credit limit is high enough to cover your expected expenses. You can view the product’s maximum credit limit by reading our credit card review and application pages.

Note that the actual credit limit you get is calculated based on your income and expenses. The more you earn and the lower your expenses, the more you can borrow. If you have other credit cards, the credit limit on these products will reduce your borrowing power if you want to apply for more credit. This is especially important if you’re looking at balance transfer credit cards.

Balance transfer credit cards

If you have already paid for some of your wedding costs with a credit card, you may want to consider a balance transfer credit card. This type of card can save you money on interest repayments by giving you a promotional interest rate for a limited period of time. Use your existing credit card to pay for your wedding expenses and apply for a balance transfer credit card so you can transfer the debt and get a lower interest rate.

The balance transfer period starts from when you activate the card. The balance transfer rate of interest reverts to the purchase rate or cash advance rate of interest, which will be applied to any remaining debt at the end of the promotional period.

Compare credit cards with balance transfer offer

Data indicated here is updated regularly
$
% p.a.
Name Product Balance transfer rate Purchase rate (p.a.) Annual fee Amount saved
HSBC Platinum Credit Card - Balance Transfer Offer
0% p.a. for 22 months
19.99% p.a.
$129 p.a.
Save with a 22-month balance transfer offer. Plus, lounge passes, travel insurance and an annual fee refund when you spend an eligible $6k/year.
ANZ Low Rate
0% p.a. for 22 months with 1.5% balance transfer fee
12.49% p.a.
$0 p.a. annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a on balance transfers for 22 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Coles No Annual Fee Mastercard
0% p.a. for 18 months with 1.5% balance transfer fee
19.99% p.a.
$0 p.a.
Earn flybuys points for your spending and save with an ongoing $0 annual fee and 0% p.a. on balance transfers for 18 months.
Westpac Low Rate Card
Finder Award
Westpac Low Rate Card
0% p.a. for 16 months
13.74% p.a.
$59 p.a.
A no frills, low rate card offering 0% p.a. interest on balance transfers for the first 16 months, with no balance transfer fee.
Citi Rewards Card
0% p.a. for 26 months with 1.5% balance transfer fee
21.49% p.a.
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
Save with 0% interest on balance transfers for the first 26 months (with a 1.5% BT fee) and a $0 annual fee for the first year.
Virgin No Annual Fee Credit Card - Purchase Offer
0% p.a. for 9 months
0% for 9 months, reverts to 18.99% p.a.
$0 p.a.
Offers an introductory 0% p.a. for 9 months on purchases and balance transfers (with no BT fee) for an ongoing $0 annual fee.
Coles Low Rate Mastercard
0% p.a. for 6 months
12.99% p.a.
$58 p.a.
Save with a low purchase interest rate, earn flybuys points as you spend and get up to 55 days interest-free.
BankSA Vertigo
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 13.99% p.a.
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Enjoy a 0% p.a. interest rate for up to 22 months on balance transfers and up to 7 months on purchases. Plus, $0 first-year annual fee.
Bankwest Zero Platinum Mastercard
2.99% p.a. for 9 months
17.99% p.a.
$0 p.a.
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
St.George Amplify Platinum - Qantas
0% p.a. for 6 months
19.74% p.a.
$99 p.a.
Earn 60,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 6 months and complimentary insurance covers.
St.George Amplify Platinum
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 19.74% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Save with 0% p.a. interest rates on purchases and balance transfers. Plus a $0 first-year annual fee.
Westpac Altitude Platinum Qantas
6.99% p.a. for 12 months
20.49% p.a.
$200 p.a.
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days.
Westpac Altitude Platinum Card
6.99% p.a. for 12 months
20.49% p.a.
$150 p.a.
Earn 80,000 bonus Altitude Points when you spend $3,000 within 90 days. Plus, complimentary travel insurance covers.
Bank of Melbourne Amplify Platinum
0% p.a. for 22 months with 1.5% balance transfer fee
0% for 7 months, reverts to 19.74% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Enjoy 0% p.a. on purchases and balance transfers along with a $0 first year annual fee waiver.
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Balance transfer credit cards with rewards programs

Mistakes to avoid when using a credit card for your wedding

  • Spending more than you can afford to repay. Budgets do get blown; in fact, 35% of respondents to an ASIC wedding survey said they spent above their budget for their big day. Credit cards can make it easy to forget about debt, but charging more to the card than you can afford to repay is going to put you on the financial back foot down the track.
  • Late repayments. Late payment fees are the obvious consequence of late credit card repayments, but think about your credit history and standing with the bank too. If you have a history of missed credit card repayments, financial institutions will be reluctant to give you other forms of finance such as a home loan.
  • High interest charges. If you use your credit card to finance your wedding and carry a balance, you may end up with a bigger debt due to interest charges. Keep this in mind when considering your budget and comparing credit card options so that you can choose a card or other payment method that’s affordable for your circumstances.

A credit card is a short-term cash flow tool that could help finance your wedding. Features such as interest-free periods, rewards and balance transfers can help take the financial burden off your special day. But remember to consider the ongoing costs of the card, and the standard rates and fees that could apply at the end of promotional periods so that you can decide if this is an affordable way to fund your special day.
Images: Shutterstock

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Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Save with a 22-month balance transfer offer. Plus, lounge passes, travel insurance and an annual fee refund when you spend an eligible $6k/year.
ANZ Low Rate
12.49% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 p.a. annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a on balance transfers for 22 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Bankwest Zero Platinum Mastercard
17.99% p.a.
2.99% p.a. for 9 months
$0 p.a.
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
ANZ Frequent Flyer Black
20.24% p.a.
20.24% p.a.
$425 p.a.
Earn 100,000 bonus Qantas Points, 75 bonus Status Credits and $150 back when you spend $3,000 in the first 3 months with this premium card.
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* 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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