Home loan and credit card packages

These packages offer discounted rates and fees for your home loan, credit card and more. So, how much could you save?

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

A home loan or mortgage package gives you a way to bundle accounts together for a single annual fee. Each package is different, but you can usually get your a waived credit card annual fee when it's part of the bundle.

Depending on the card, that benefit alone could save you hundreds of dollars each year. But there are other features and costs you'll need to weigh up first.

What are mortgage and credit card packages?

A mortgage or home loan package offers discounts and other benefits when you bundle different accounts together. Instead of paying multiple fees for multiple products, you pay just one annual fee for a home loan package, which usually ranges from $150-$400.

Most home loan packages offer to waive the annual fee for a credit card that you add to the bundle. Other benefits can include no loan establishment fee, waived fees for offset accounts and other bank accounts, plus discounted interest rates on the home loan.

While you can save money and get other value from mortgage packages, they also benefit banks by encouraging you to do more business with them.

Banks that offer home loan and credit card packages

The table below includes some of the biggest lenders in Australia that offer credit cards as part of a mortgage package. We've also included key details about the benefits you can get from each package.

BankKey features
ANZ
  • Credit card annual fee waived and additional cardholder fee waived
  • Interest rate discount and fee waivers on eligible home loans
  • Monthly account service fee waived on one everyday account
  • Discounts on select insurance premiums and one-off financial planning fees
Bank Australia
Bankwest
  • Waived annual fee for an eligible Bankwest credit card
  • $0 monthly fees for offset accounts
  • $0 home loan application fee and property valuation fees
  • Discounted home loan rate
  • Available for fixed rate or variable rate loans
Citi
  • Credit card annual fee reduction or waiver
  • Complimentary international travel insurance
  • Lower interest rates and monthly account fee waivers on eligible home loans
  • Free everyday account, ATM withdrawals and instant global transfers
CommBank
  • $0 annual fee on an eligible credit card
  • $0 upfront home loan establishment fee
  • $0 monthly home loan service fee
  • Discounted rates for home loans
Macquarie Bank
  • Credit card annual fee waivers for the duration of the home loan
  • Up to 10 offset accounts and unlimited loan accounts
  • Lower variable and/or fixed interest rates
NAB
  • Waived credit card annual fee
  • Discounts on home loan variable or fixed interest rates, plus application and monthly service fee waivers
  • Discounts on select insurance products
  • Margin loan interest rate discounts
  • Offset account
Newcastle Permanent
  • $0 annual fee for the Newcastle Permanent Value+ credit card
  • $0 application fees for personal loans and car loans
  • Discounted home loan rates
  • Discounts on car, landlord or home and contents insurance
Suncorp Bank
  • Credit card annual fee and additional cardholder fee waivers for duration of home loan
  • Home loan discounted interest rates, and service and establishment fee waivers
  • Personal loan establishment and account service fee waivers
  • Discounts on home and content insurance
  • Discounted brokerage rates for online share trading
  • Interest rate discounts on margin loans
  • Free consultation with bank’s financial planner
Westpac
  • Credit card annual fee waiver
  • Discounted fixed or variable interest rates on home loans, as well as loan establishment and service fee reductions or waivers
  • Discounts on select insurance items
  • Bank account-keeping fee waivers
  • Discounts and bonuses on select wealth products

Tips to help you apply for a home loan and credit card package

  • Compare. As with all financial products, make sure to still compare other available options before committing to the one lender. This is because other credit card/mortgage providers may be able to offer you a better deal or feature than this seemingly attractive loan package.
  • Consider all inclusions. Make sure that everything included in the package is useful to you, because you might not get full value for your package fee if you’re not utilising the entire package.
  • Check minimum requirements. Some requirements may apply. For instance, some loan packages may stipulate that your home loan be in excess of $750,000.
  • Read all the terms and conditions. Make sure to familiarise yourself with all the details of the package, since some finer print may reduce the suitability of the package. For example, you cannot refinance a loan internally, or enjoy currently advertised discounts on an older loan.

Pictures: Shutterstock

Back to top

More guides on Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site