Compare cheapest credit cards*

Whether you want to clear your debt, save on fees or cut down on interest costs, compare some of the cheapest credit card offers in Australia.

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Credit cards can be a great way to free up cash flow while building your credit history, but they often come with expensive rates and fees. In this guide, we've rounded up some of the cards with the most competitive interest rates and fees to help you save on standard card costs. So whether you want to consolidate and clear your debt with a 0% balance transfer, pay no annual fee or save with a card with a low interest rate, you can compare and find the cheapest cards for your needs here.

Looking for the cheapest credit card?

There's no single credit card that's cheapest for everyone as all our needs and spending habits are different - and what's cheapest for you might not be cheapest for someone else.

Compare credit cards with low rates and fees

Data indicated here is updated regularly
Name Product Purchase rate Interest-free period Annual fee Balance transfer rate
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$59
0% p.a. for 24 months with 1% balance transfer fee
A low rate card offering 0% p.a. interest on balance transfers for the first 24 months and a $200 cashback offer.
NAB Low Rate Credit Card
12.99% p.a.
Up to 55 days on purchases
$59
0% p.a. for 20 months with 2% balance transfer fee
Get a 0% p.a. interest rate for 20 months on balance transfers, Visa Offers + Perks and a competitive $59 ongoing annual fee.
St.George Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 24 months
Get 0% p.a. promotional balance transfer rate, with no balance transfer fee. Plus, save with a first-year annual fee waiver.
St.George Vertigo Platinum
0% p.a. for 15 months, reverts to 12.99% p.a.
Up to 55 days on purchases
$49 annual fee for the first year ($99 p.a. thereafter)
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.
St.George Rainbow Vertigo Platinum
0% p.a. for 15 months, reverts to 12.99% p.a.
Up to 55 days on purchases
$49 annual fee for the first year ($99 p.a. thereafter)
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.
BankSA Vertigo
13.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 24 months
Enjoy a 0% p.a. for 24 months on balance transfers, with no balance transfer fee. Plus, $0 first-year annual fee.
BankSA No Annual Fee
20.74% p.a.
Up to 55 days on purchases
$0
0% p.a. for 12 months with 1% balance transfer fee
Offers 0% p.a. on balance transfers for 12 months, up to 55 days interest-free on purchases and an ongoing $0 annual fee.
Bank of Melbourne Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 24 months
Save with a 0% p.a. interest for 24 months on balance transfers, with no balance transfer fee. Plus, a $0 first-year annual fee.
St.George Vertigo Platinum - Cashback Offer
12.99% p.a.
Up to 55 days on purchases
$99
6.99% p.a. for 12 months
Get $300 cashback when you spend at least $900 in the first 90 days. Plus, platinum perks and a low variable interest rate on purchases.
BankSA Vertigo Platinum - Cashback Offer
12.99% p.a.
Up to 55 days on purchases
$99
6.99% p.a. for 12 months
Enjoy a $300 cashback when you spend at least $900 in the first 90 days. Plus, a low ongoing 12.99% p.a. purchase interest rate.
Bank of Melbourne Vertigo Platinum - Cashback Offer
12.99% p.a.
Up to 55 days on purchases
$99
6.99% p.a. for 12 months
Enjoy $300 cashback when you spend at least $900 in the first 90 days. Plus, a low ongoing 12.99% p.a. purchase interest rate.
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How to compare the cheapest credit cards* in Australia

The cheapest credit card for you will depend on how you plan to use it. For example, if you want to pay off an existing balance over time, a card with an introductory 0% balance transfer interest rate might be the cheapest option. If you hardly ever use your credit card or always pay your balance in full, it might be less expensive to get a card with a $0 annual fee. If you're travelling overseas or shopping online, a card 0% foreign fees could help you avoid hefty conversion fees. Or if you're using your card for purchases, you could opt for a card with a low or 0% interest rate on purchases or a card that offers interest-free days when you pay your balance in full.

Still not exactly sure what you're looking for? You can compare different types of credit cards to find the right one for you below.

Low or 0% interest rates

If you don't think you can pay off your balance by the statement due date and you regularly carry a balance from month to month, you can compare cards with 0% promotional purchase rates or low standard variable rates of interest. If the card has a 0% purchase rate, it'll usually only apply for a promotional period (which can often vary between 3 to 12 months). After the introductory period ends, the standard purchase rate will apply to any remaining balances.

If you'd prefer a card with a low purchase rate that applies longer than a promotional period, a low standard variable rate of interest might be better for you. These cards usually come with purchase rates starting from 8.99% p.a. and going up to around 14.99% p.a. (although it varies). These rates are much lower than other products, which can have purchase interest rates of up to 22% p.a. or higher. Although you'll still have to pay interest if you're carrying a balance between statement periods, the overall costs will be much lower than if you had a card with a higher compounding interest rate.

Who are low interest credit cards best suited to?

  • Good if: You want to pay off your purchases over time or often carry a balance on your card.
  • Bad if: You’re an infrequent spender or always pay your balance in full by the end of the statement period, as you won't get much benefit from a 0% purchase rate if you don't usually carry a balance from month to month.

Example: How much can I save with a 0% purchase rate credit card?

As an example, let's say you spent $2,000 on a credit card with an interest rate of 21.99% p.a. and planned to pay $200 off it each month. At this rate, it would take you 12 months to pay off the debt and cost you $229.66 in interest.

In comparison, if you spent $2,000 on a credit card with a promotional 0% p.a. on purchases for 12 months and made the same $200 payments each month, you'd clear the debt in 10 months and pay $0 in interest.

Credit cards with 0% p.a. on purchases

Data indicated here is updated regularly
$
Name Product Purchase rate Balance transfer rate Annual fee Interest-free period Amount saved
Bendigo Bank Low Rate Credit Card
0% p.a. for 15 months, reverts to 11.99% p.a.
13.99% p.a.
$45
Up to 55 days on purchases
Get 0% p.a. on purchases for 15 months and a $150 Woolworths Supermarket gift card when you spend $1,000 in the first 90 days. Ends 31 Jan 2021.
Coles No Annual Fee Mastercard
0% p.a. for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
$0
Up to 55 days on purchases
Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months. Ends 31 January 2021.
Citi Clear Card
0.9% p.a. for 15 months, reverts to 14.99% p.a.
0.9% p.a. for 15 months
$99
Up to 55 days on purchases
Save with 0.9% p.a. for 15 months on purchases and balance transfers. Plus, complimentary purchase insurance cover.
St.George Vertigo Platinum
0% p.a. for 15 months, reverts to 12.99% p.a.
6.99% p.a. for 12 months
$49 annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Features an introductory 0% p.a. purchase rate, $49 first year annual fee and complimentary travel insurance covers.
Citi Simplicity Card
0% p.a. for 6 months, reverts to 21.49% p.a.
0% p.a. for 6 months
$0
Up to 55 days on purchases
Get 0% p.a. interest for up to 6 months on purchases and balance transfers. Plus, a $0 annual fee for life.
NAB StraightUp Card
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.
Bank of Melbourne Amplify Platinum
0% p.a. for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Enjoy 0% p.a. on purchases and balance transfers along with a $0 first year annual fee waiver.
St.George Rainbow Vertigo Platinum
0% p.a. for 15 months, reverts to 12.99% p.a.
6.99% p.a. for 12 months
$49 annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
All the platinum features of the Vertigo Platinum Visa with a rainbow design in support of the LGBT community.
St.George Amplify Platinum
0% p.a. for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Save with 0% p.a. interest rates on purchases and balance transfers. Plus a $0 first-year annual fee.
BankSA Amplify Platinum
0% p.a. for 7 months, reverts to 19.74% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 annual fee for the first year ($99 p.a. thereafter)
Up to 55 days on purchases
Save with a 0% p.a. for up to 22 months on balance transfers and up to 7 months on purchases. Plus a $0 first-year annual fee.
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Credit cards with interest-free days

Many credit cards offer up to 44 or up to 55 interest-free days for new purchases made during your statement period. This interest-free period is usually only available when you pay your balance in full by the due date listed on your statement. If you meet the requirements, you'll get the maximum number of interest-free days for purchases made on the first day of your next statement period (i.e. the day after your statement is issued). The number of interest-free days then goes down day by day, until your next statement due date.

Interest-free days only apply to purchases, so you can't take advantage of this perk if you're carrying a balance from cash advance transactions such as ATM withdrawals and balance transfers. Check out Finder's guide to interest-free days for more details on how to make the most of them.

Who are credit cards with interest-free days best suited to?

  • 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 up to 55 interest-free days on purchases

Data indicated here is updated regularly
Name Product Purchase rate Interest-free period Annual fee Balance transfer rate
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$59
0% p.a. for 24 months with 1% balance transfer fee
A low rate card offering 0% p.a. interest on balance transfers for the first 24 months and a $200 cashback offer.
Citi Rewards Card
21.49% p.a.
Up to 55 days on purchases
$49 annual fee for the first year ($149 p.a. thereafter)
0% p.a. for 30 months
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee.
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 26 months with 1% balance transfer fee
Enjoy a 26-month balance transfer offer, a first-year annual fee waiver and complimentary travel insurance.
Bankwest Breeze Classic Mastercard
10.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($49 p.a. thereafter)
0% p.a. for 26 months with 2% balance transfer fee
Save with 0% p.a. on balance transfers for 26 months (with a 2% BT fee) and $0 first-year annual fee. Plus, a 10.99% p.a. purchase interest rate.
Qantas Premier Platinum
19.99% p.a.
Up to 55 days on purchases
$199 annual fee for the first year ($299 p.a. thereafter)
0% p.a. for 18 months with 1% balance transfer fee
Get 100,000 bonus Qantas Points, 75 bonus Status Credits and a 0% p.a. balance transfer rate for 18 months (with a one-time 1% BT fee).
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
Up to 55 days on purchases
$64 annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 26 months
Get 0% p.a. for 26 months on balance transfers and a reduced first-year annual fee. Plus, $129 Virgin Australia Gift Voucher per year.
Bendigo Bank Low Rate Credit Card
0% p.a. for 15 months, reverts to 11.99% p.a.
Up to 55 days on purchases
$45
13.99% p.a.
Get 0% p.a. on purchases for 15 months and a $150 Woolworths Supermarket gift card when you spend $1,000 in the first 90 days. Ends 31 Jan 2021.
Coles Low Rate Mastercard
12.99% p.a.
Up to 55 days on purchases
$58
0% p.a. for 6 months
Enjoy $100 off a Coles Supermarket shop and a 0% balance transfer for 6 months. Plus, earn Flybuys points as you spend. Ends 31 January 2021.
Citi Clear Card
0.9% p.a. for 15 months, reverts to 14.99% p.a.
Up to 55 days on purchases
$99
0.9% p.a. for 15 months
Save with 0.9% p.a. for 15 months on purchases and balance transfers. Plus, complimentary purchase insurance cover.
Citi Simplicity Card
0% p.a. for 6 months, reverts to 21.49% p.a.
Up to 55 days on purchases
$0
0% p.a. for 6 months
Get 0% p.a. interest for up to 6 months on purchases and balance transfers. Plus, a $0 annual fee for life.
St.George Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 24 months
Get 0% p.a. promotional balance transfer rate, with no balance transfer fee. Plus, save with a first-year annual fee waiver.
St.George Vertigo Platinum
0% p.a. for 15 months, reverts to 12.99% p.a.
Up to 55 days on purchases
$49 annual fee for the first year ($99 p.a. thereafter)
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.
American Express Platinum Edge Credit Card
20.74% p.a.
Up to 55 days on purchases
$195
Receive 50,000 bonus points when you spend at least $1,500 within the first 3 months. Plus, receive $200 travel credit each year. Ends 27 Jan 2021.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($58 p.a. thereafter)
0% p.a. for 25 months with 1.5% balance transfer fee
Save with 0% p.a. on balance transfers for 25 months (with a 1.5% BT fee) and $0 first-year annual fee. Plus a 12.49% p.a. purchase interest rate.
Bank of Melbourne Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 24 months
Save with a 0% p.a. interest for 24 months on balance transfers, with no balance transfer fee. Plus, a $0 first-year annual fee.