choosing cheapest credit card

Compare the cheapest credit cards*

Information verified correct on January 21st, 2017

Whether you’re looking to pay down debt, shop overseas or cut down on interest costs, compare some of the cheapest credit card offers* on the Australian market.

Value for money comes in many shapes and forms. The credit card with the cheapest interest rate* may not be the cheapest to use abroad, or the cheapest to use for a balance transfer for that matter. It all depends on what you’re looking for. Here, we compare some of the cheapest credit cards* in Australia based on specific features so that you can decide if one will suit your needs.

How to compare the cheapest credit cards* in Australia

With so many different credit cards on the market, finding the cheapest option comes down to individual circumstances and needs. For example, can you pay back what you’ve spent by the end of the credit card statement period, or are you looking for a credit card to use to make a big-ticket purchase and pay back over a couple of months? What about cards that have no fees on foreign currency transactions? How you plan on using the product will determine what the cheapest credit card is for you.

Low- or no-interest credit cards

These credit cards feature a low standard variable rate of interest or a low promotional purchase rate of interest. If the credit card has a promotional offer, at the end of the introductory period, the ongoing purchase rate of interest applies to any purchases you haven’t paid back, as well as any future purchases.

The purchase rate of interest comes into play when you carry a debt from one month to the next. Remember that interest compounds. A credit card with a low rate will cost you less if you carry a balance from month to month, when compared to cards with higher rates.

Note that some transactions aren’t eligible for a low purchase rate (whether standard or promotional). In particular, cash advances accrue interest at the cash advance rate of interest and balance transfers accrue interest at the revert rate following the end of the balance transfer promotional period.

  • Good if: You struggle to repay your balance in full each month.
  • Bad if: You’re an infrequent spender or always pay your balance in full by the end of the statement period.

Compare low- or no- interest credit cards

Rates last updated January 21st, 2017.

ANZ Low Rate Platinum Credit Card

A new offer of $250 Back and 0% p.a. for the first 6 months on purchases.

October 12th, 2016

Bankwest Breeze MasterCard

New balance transfer offer of 0% p.a. for 21 months with 2% BT fee and 12.99% p.a. on purchases

December 12th, 2016

Westpac Low Rate Card - Balance Transfer Offer

ew balance transfer offer of 0% p.a. for 24 months which is valid until 30 January 2017.

December 20th, 2016

View latest updates

Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
NAB Low Fee Card
Enjoy a low introductory rate of 0% p.a. on balance transfers and purchases for 15 months.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $30 p.a. Up to 44 days on purchases Go to site More info
ANZ Low Rate Platinum Credit Card
$250 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $99 p.a. Up to 55 days on purchases Go to site More info
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Up to 55 days on purchases Go to site More info
Westpac Low Rate Card - Balance Transfer Offer
A low interest rate on everyday purchases and a long term balance transfer rate offer of 0% for 24 months.
13.49% p.a. 0% p.a. for 24 months with 2% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
Bankwest Breeze MasterCard
Enjoy an introductory rate of 0% p.a. on balance transfers for 21 months (2% balance transfer fee applies). Limited time only.
12.99% p.a. 0% p.a. for 21 months with 2% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info

Credit cards with interest-free days

Many credit cards offer up to a certain number of interest-free days for each statement period, for example “up to 55 days”. This feature lets you pay back what you’ve spent by the statement due date without incurring additional interest charges. If you have a card that offers an interest-free period and you always pay your balance in full by the due date on your statement, the card’s annual fee could be the only additional cost you have for that account.

There are some requirements if you want to take advantage of interest-free days. If you carry a balance from month to month, for example if you have an active balance transfer promotion, you’re ineligible for interest-free days. Cash advances are also ineligible for interest-free days, so it may be better to find a credit card with a promotion on cash advances if you plan on using your credit card at the ATM.

  • Good if: You always repay your balance each month and make regular purchases on your credit card.
  • Bad if: You often miss repayments or are unable to pay your balance in full.

Compare credit cards with 55 interest-free days on purchases

Rates last updated January 21st, 2017.

Citi Rewards Credit Card - Platinum Card

0% p.a. for 24 months balance transfer offer has been extended until 30 April 2017.

January 12th, 2017

Citi Rewards Credit Card - Classic Card

BT period changed from 12 to 15 months plus new offer of $50 cash back, valid until 30 June 2017.

January 13th, 2017

Citi Simplicity Card

0% p.a. for 9 months has been updated to 15 mos. on balance transfers. Offer ends 30 June 2017.

January 13th, 2017

View latest updates

Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Up to 55 days on purchases Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Up to 55 days on purchases Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Up to 55 days on purchases Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
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 Go to site More info
Westpac Low Rate Card - Balance Transfer Offer
A simple low interest rate card featuring a low ongoing rate on purchases and 0% p.a. for 24 months on balance transfers.
13.49% p.a. 0% p.a. for 24 months with 2% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
Citi Clear Platinum Card
A platinum credit card with a low interest rate on purchases, a competitive annual fee plus Visa Platinum privileges.
14.99% p.a. $99 p.a. Up to 55 days on purchases Go to site More info
ANZ Low Rate
$100 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $58 p.a. Up to 55 days on purchases Go to site More info
American Express Platinum Edge Credit Card
Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy a $200 travel credit every year and get 0% p.a. for 12 months on balance transfers.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. Up to 55 days on purchases Go to site More info
Bankwest Breeze MasterCard
Enjoy an introductory rate of 0% p.a. on balance transfers for 21 months (2% balance transfer fee applies). Limited time only.
12.99% p.a. 0% p.a. for 21 months with 2% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
ANZ Low Rate Platinum Credit Card
$250 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $99 p.a. Up to 55 days on purchases Go to site More info
Bankwest Breeze Platinum MasterCard
A Platinum card offer with a 0% p.a. for 21 months on balance transfers and $0 on foreign transactions. Limited time only.
12.99% p.a. 0% p.a. for 21 months with 2% balance transfer fee $99 p.a. Up to 55 days on purchases Go to site More info
American Express Explorer Credit Card
Receive 100,000 Membership Rewards Bonus Points on eligible spend within the first 2 months of Card Membership. Also enjoy a $400 travel voucher and two complimentary airline passes per year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $395 p.a. Up to 55 days on purchases Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 18 months and 0% p.a. for up to 6 months on purchases.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
Bank of Melbourne Amplify Signature
Receive 30,000 bonus points when you meet the minimum spend. Also enjoy low introductory offers on purchases and balance transfers.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $279 p.a. Up to 55 days on purchases Go to site More info
Bank of Melbourne Amplify Classic - Amplify Rewards
Enjoy a 0% p.a. interest for 18 months on balance transfers and 0% p.a. for up to 6 months on purchases. Also earn Amplify points on purchases to redeem rewards and travel through Amplify Rewards.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $79 p.a. Up to 55 days on purchases Go to site More info
BankSA Vertigo Visa
A low interest rate card with a low annual fee, a long term balance transfer offer of 0% p.a. for 18 months and an introductory offer of 0% p.a. for 6 months on purchases.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
St.George Amplify Platinum
This card features a 30,000 bonus points offer, introductory interest rates on balance transfers and purchases.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 18 months and an introductory purchase offer of 0% p.a. for 6 months.
0% p.a. for 6 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info
St.George Amplify Classic
A low interest rate of 0% p.a. for 18 months on balance transfers.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $79 p.a. Up to 55 days on purchases Go to site More info
Bank of Melbourne Amplify Platinum
Enjoy introductory offers on purchases and balance transfers with a signup bonus points of 30,000 on eligible spend.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info
St.George Amplify Signature
Receive 30,000 sign-up bonus points with low introductory interest rates on purchases and balance transfers.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $279 p.a. Up to 55 days on purchases Go to site More info
BankSA Amplify Classic
The BankSA Amplify is a brand new rewards credit card that allows you to earn more Qantas Points combined with low purchase and balance transfer offers.
0% p.a. for 6 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $79 p.a. Up to 55 days on purchases Go to site More info
Citi Rewards Credit Card - Platinum Card
Enjoy a reduced annual fee on the first year, 0% p.a. for 24 months balance transfer offer, Citi Reward Points on eligible spend, plus a complimentary travel insurance.
20.99% p.a. 0% p.a. for 24 months with 1.5% balance transfer fee $49 p.a. annual fee for the first year ($149 p.a. thereafter) Up to 55 days on purchases Go to site More info
Citi Simplicity Card
Take advantage of the 0% p.a. for 15 months offer on balance transfers, a low interest rate on purchases, an annual fee waiver for life, plus 5% cash back on retail purchases.
19.99% p.a. 0% p.a. for 15 months with 1.5% balance transfer fee $0 p.a. Up to 55 days on purchases Go to site More info
Citi Rewards Credit Card - Classic Card
Enjoy 0% p.a. on balance transfers for 15 months, up to $50 cash back and a reduced annual fee in the first year.
20.99% p.a. 0% p.a. for 15 months with 1.5% balance transfer fee $49 p.a. annual fee for the first year ($99 p.a. thereafter) Up to 55 days on purchases Go to site More info
ANZ Platinum Credit Card
Enjoy platinum card benefits with $0 annual fee in the first year and complimentary overseas travel and medical insurance.
19.74% p.a. 0% p.a. for 16 months with 2% balance transfer fee $0 p.a. annual fee for the first year ($87 p.a. thereafter) Up to 55 days on purchases Go to site More info

No annual fee credit cards

There are two different types of no annual fee credit cards. You can pay no annual fee for the life of the credit card or pay no annual fee in the first year.

No annual fee credit cards can charge higher rates of interest than a low-rate credit card and can be light on value-adding features such as complimentary insurance. No annual fee credit cards are usually the cheapest option for people who pay back their card balance by the statement due date. Many no annual fee credit cards also feature up to 55 days interest free. Pay back what you spend by the statement due date and a no annual fee credit card could cost you nothing to own and use.

  • Good if: You rarely use your credit card or want to cut down on extra costs.
  • Bad if: You want to take advantage of extra features such as rewards, complimentary insurance and concierge services.

Compare no annual fee credit cards

Rates last updated January 21st, 2017.

ANZ Frequent Flyer Black

75,000 bonus points extension with $2,500 minimum spend + annual fee waiver for the first year.

November 29th, 2016

HSBC Platinum Credit Card

Annual fee refund + 0% p.a. for 15mos balance transfer offer have been extended until 30 June 2017.

December 27th, 2016

Citi Simplicity Card

0% p.a. for 9 months has been updated to 15 mos. on balance transfers. Offer ends 30 June 2017.

January 13th, 2017

View latest updates

Jonathan Choi Jonathan
Annual fee Purchase rate (p.a.) Balance transfer rate (p.a.)
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
$0 p.a. 14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
$149 p.a. 19.99% p.a. 0% p.a. for 15 months Go to site More info
ANZ Frequent Flyer Black
Earn 75,000 bonus Qantas Points when you spend $2,500 on eligible purchases within the first 3 months plus enjoy $0 annual fee for the first year. Also, receive complimentary airport lounge access and 24/7 concierge service.
$0 p.a. annual fee for the first year ($425 p.a. thereafter) 19.99% p.a. Go to site More info
Citi Simplicity Card
Pay no annual fee to ever, plus receive access to complimentary purchase insurance and the Citibank Dining Program.
$0 p.a. 19.99% p.a. 0% p.a. for 15 months with 1.5% balance transfer fee Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
$0 p.a. annual fee for the first year ($87 p.a. thereafter) 0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months Go to site More info
Virgin No Annual Fee Credit Card
No annual fee credit card with $100 cashback and a long term low rate balance transfer offer of 0% p.a. for 18 months with 2% balance transfer fee. Spend criteria applies for cashback offer.
$0 p.a. 18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee Go to site More info
ANZ Frequent Flyer Platinum
Get 50,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months. Enjoy a waived annual fee for the first year and earn up to 1.5 Qantas Points per dollar spent.
$0 p.a. annual fee for the first year ($295 p.a. thereafter) 19.99% p.a. Go to site More info

0% balance transfer offers

A balance transfer is a money-saving feature you can use to pay down credit card debt. These cards offer a 0% interest rate (or reduced rate) when you move existing debt to the new account. At the end of the balance transfer promotional period, any balance transfer balance you haven’t paid back will accrue interest at the revert rate. This rate varies from card to card but is usually the purchase rate of interest or the cash advance rate.

Keep in mind that a balance transfer credit card shouldn’t be used for purchases, which will accrue interest at the purchase rate for that card. Interest-free days also don’t apply if you’re carrying a balance transfer balance from month to month.

  • Good if: You want to consolidate several debts under one card or want to pay off a debt without the burden of interest.
  • Bad if: You plan to use your card for purchases.

0% balance transfer credit cards comparison

Rates last updated January 21st, 2017.

Citi Simplicity Card

0% p.a. for 9 months has been updated to 15 mos. on balance transfers. Offer ends 30 June 2017.

January 13th, 2017

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 18 months balance transfer offer has been extended until 28 February 2017.

January 16th, 2017

Virgin No Annual Fee Credit Card

Balance transfer and $100 cashback offers have been extended until 28 February 2017.

January 16th, 2017

View latest updates

Jonathan Choi Jonathan
$
% p.a.

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Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
0% p.a. for 15 months 19.99% p.a. $149 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
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) Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
0% p.a. for 18 months 20.74% p.a. $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
NAB Premium Card - Balance Transfer Offer
Enjoy a balance transfer offer of 0% p.a. for 24 months with a 3% transfer fee.
0% p.a. for 24 months with 3% balance transfer fee 19.74% p.a. $90 p.a. Go to site More info
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
0% p.a. for 12 months with 1% balance transfer fee 14.99% p.a. $0 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months with a one off 3% balance transfer fee 0% p.a. for 15 months (reverts to 13.99% p.a.) $59 p.a. Go to site More info
NAB Low Fee Card
Enjoy a low introductory rate of 0% p.a. on balance transfers and purchases for 15 months.
0% p.a. for 15 months with a one off 3% balance transfer fee 0% p.a. for 15 months (reverts to 19.74% p.a.) $30 p.a. Go to site More info
NAB Low Rate Platinum Card
Offers a low introductory rate of 0% p.a. on both balance transfers and purchases for 15 months plus enjoy premium benefits including international travel insurance.
0% p.a. for 15 months with 3% balance transfer fee 0% p.a. for 15 months (reverts to 13.99% p.a.) $100 p.a. Go to site More info
Virgin No Annual Fee Credit Card
No annual fee for the life of the card with $100 cashback and a 0% p.a. offer on balance transfers for 18 months. Spend criteria applies for cashback offer.
0% p.a. for 18 months with 2% balance transfer fee 18.99% p.a. $0 p.a. Go to site More info
Citi Simplicity Card
Take advantage of the 0% p.a. for 15 months offer on balance transfers, a low interest rate on purchases, an annual fee waiver for life, plus 5% cash back on retail purchases.
0% p.a. for 15 months with 1.5% balance transfer fee 19.99% p.a. $0 p.a. Go to site More info
Citi Rewards Credit Card - Platinum Card
A long term balance transfer offer with platinum rewards and benefits.
0% p.a. for 24 months with 1.5% balance transfer fee 20.99% p.a. $49 p.a. annual fee for the first year ($149 p.a. thereafter) Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
0% p.a. for 18 months 0% p.a. for 6 months (reverts to 13.24% p.a.) $55 p.a. Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 18 months and 0% p.a. for up to 6 months on purchases.
0% p.a. for 18 months 0% p.a. for 6 months (reverts to 13.24% p.a.) $55 p.a. Go to site More info
ANZ First Visa Credit Card
Enjoy 0% p.a. balance transfer rate for the first 16 months, a low annual fee, interest-free days on purchases and a low minimum credit limit.
0% p.a. for 16 months with 2% balance transfer fee 19.74% p.a. $30 p.a. Go to site More info

Rewards credit cards with no annual fee

These rewards credit cards do not charge an annual fee. A no annual fee rewards credit card can give you added value from the first dollar spent. There’s no break even point – where the value of the rewards is greater than the product’s annual fee. But if you carry a balance and have to deal with interest charges, then these costs will have to be weighed up against the value of the rewards you earn.

Compared to low-rate cards, no annual fee rewards credit cards usually have high rates of interest. But if the card offers interest-free days, you can still avoid the interest charges by paying the outstanding balance in full by the statement due date.

  • Good if: You want to earn rewards while also cutting down on standard card costs.
  • Bad if: You want the no annual fee for the life of the card. These are usually just for a promotional period on rewards cards.

Compare rewards credit cards with no annual fee

Rates last updated January 21st, 2017.

American Express Essential Credit Card

$50 credit + 0% p.a. for 12 mos. on balance transfers w/ a one-off 1% credit plan establishment fee

July 5th, 2016

American Express Qantas Discovery Card

The spend criteria for the bonus points has been changed from $300 to $750.

October 4th, 2016

ANZ Frequent Flyer Platinum

50,000 bonus points offer has been extended, plus a new offer of $0 annual fee for the first year.

November 29th, 2016

View latest updates

Jonathan Choi Jonathan
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
1 $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
0 1 $149 p.a. Go to site More info
American Express Velocity Escape Card
Enjoy 7,500 bonus Velocity Points when you meet the minimum spend requirement and earn up to 2 points for every $1 you spend, together with a $0 annual fee.
1 0 7,500 bonus points $0 p.a. Go to site More info
American Express Qantas Discovery Card
Enjoy up to 7,500 bonus Qantas Frequent Flyer Points and 1 point per $1 spent, plus 0% p.a. on balance transfers for 12 months, all for a $0 annual fee.
1 0 7,500 bonus points $0 p.a. Go to site More info
ANZ Frequent Flyer Platinum
Get 50,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months. Enjoy a waived annual fee for the first year and earn up to 1.5 Qantas Points per dollar spent.
1.5 0.5 50,000 bonus points $0 p.a. annual fee for the first year ($295 p.a. thereafter) Go to site More info

Credit cards with $0 foreign transaction fees

These credit cards are the cheapest to use if you want to make purchases and ATM withdrawals abroad. You can use a credit card with no foreign transaction fees to spend overseas or online with international retailers without paying the extra 2-4% for currency conversion that most cards charge. To put this in perspective, if a card charged you 3% for a foreign transaction worth AUD$500, it would cost you an extra $15. These fees can quickly add up when you’re overseas, so 0% foreign fee cards offer a cheaper alternative.

Some of these credit cards also include complimentary international travel insurance. This is another way to potentially save money on costs when you go overseas.

  • Good if: You regularly shop online or have an overseas trip coming up.
  • Bad if: You don’t regularly spend in foreign currencies and want to save on other standard fees such as interest rates on purchases.

Compare credit cards with no foreign transaction fees

Rates last updated January 21st, 2017.

Bankwest Breeze Platinum MasterCard

New balance transfer offer of 0% p.a. for 21 months with 2% BT fee and 12.99% p.a. on purchases

December 12th, 2016

Coles Rewards MasterCard

New offer of $100 off a single Coles Supermarket shop which is valid until 28 February 2017

January 4th, 2017

View latest updates

Jonathan Choi Jonathan
Foreign Currency Conversion Fee (MC) Foreign Currency Conversion Fee (VISA) Overseas ATM Withdrawal Fee Annual fee
ANZ Rewards Travel Adventures card
Pay no overseas transaction fee on purchases and receive complimentary domestic return flight and lounge passes each year you hold the card when you spend $500 on eligible purchases within the first three months.
0% of transaction value $225 p.a. Go to site More info
Bankwest Breeze Platinum MasterCard
A Platinum card offer with a 0% p.a. for 21 months on balance transfers and $0 on foreign transactions. Limited time only.
0% of transaction value $99 p.a. Go to site More info
Bankwest Qantas Platinum MasterCard
Enjoy a high credit limit with complimentary travel insurances and up to 0.50 Qantas Point per $1 spent on eligible purchases.
0% of transaction value $160 p.a. Go to site More info
Coles Rewards MasterCard
Earn 2 flybuys points for every $1 spent, pay no foreign transaction fees on online and international purchases and receive $100 off a single Coles Supermarket shop.
0% of transaction value $4 $89 p.a. Go to site More info

The difference between a cheap credit card and an expensive one comes down to how you spend and repay your credit card balance. A no annual fee rewards credit card represents good value for money if you can pay your balance back in full each month, while a low rate credit card will be cheaper if you carry a balance. If you need help with your comparison of the cheapest credit cards*, get in touch with us using the form at the bottom of this page.

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American Express Essential Credit Card
American Express Essential Credit Card

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14.99

Annual fee

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HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

149

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