Travel Money Credit Cards

Rates and Fees verified correct on July 25th, 2016

Travel Credit Cards can change the way you travel. See how this type of travel card can benefit your next trip.

Whether you're a regular traveler or planning a rare getaway, choosing the right way to take money abroad can seem like a daunting task. And let’s face it, the last thing you want to be thinking about while overseas is money woes and credit card fees. Save yourself the hassle. The following page has everything you need to make an informed decision about taking a credit card overseas with you. This is our comparison of credit cards that are suitable for travel.

You’ll find credit cards with low or no international transaction fees, credit cards that offer convenience and ease of use overseas and credit cards with extra perks, like insurance or rewards, listed on this page.

Compare different types of travel money credit cards

Bankwest Zero Platinum MasterCard

Bankwest Zero Platinum MasterCard

$0 foreign transaction fee with a $0 annual fee.

  • $0 p.a. annual fee
  • 17.99% p.a. on purchases
  • 2.99% p.a. for 9 months on balance transfers
  • Cash Advance Rate of 21.99% p.a.
  • Up to 55 days interest free
Rates last updated July 25th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Bankwest Zero Platinum MasterCard
An introductory offer on balance transfers with $0 annual fee. Complimentary travel insurance & 24/7 Concierge service and $0 foreign transaction fees.
17.99% p.a. 2.99% p.a. for 9 months $0 p.a. Go to site More info
Coles Rewards Mastercard
Earn 2 flybuys points for every $1 spent and no foreign transaction fees for online purchases and overseas trips.
19.99% p.a. 0% p.a. for 6 months $89 p.a. Go to site More info
28 Degrees Platinum MasterCard
Benefit from no international transaction fees on purchases, no currency conversion fees and no annual fee. Also enjoy a limited time offer of two waived cash advance fees.
21.99% p.a. $0 p.a. Go to site More info
Bankwest Qantas Platinum MasterCard
Earn 8,000 bonus Qantas Points. Included travel and accident insurance and payment protection. No foreign transaction fees on online or overseas spend.
20.49% p.a. 2.99% p.a. for 9 months $160 p.a. Go to site More info
Bankwest Qantas Gold MasterCard
Earn more points with the Qantas Frequent Flyer rewards program when you make eligible purchases and also get the chance to receive 4,000 bonus Qantas Points when you sign up, plus stay protected with a comprehensive travel insurance.
20.49% p.a. 2.99% p.a. for 9 months $150 p.a. Go to site More info
Bankwest More Platinum Mastercard
$0 foreign transaction fees and complimentary insurance cover.
19.99% p.a. 2.99% p.a. for 9 months $130 p.a. Go to site More info
Coles Rewards Platinum Mastercard
Earn 2 flybuys points for every $1 spent and no foreign transaction fees for online purchases and overseas trips, plus 62 interest-free days on purchases.
19.99% p.a. 0% p.a. for 6 months $89 p.a. Go to site More info
Rates last updated July 25th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) 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.
20.24% p.a. $225 p.a. Go to site More info
Citi Qantas Signature Credit Card
Earn up to 70,000 bonus Qantas Points on eligible spend, plus enjoy a 0% p.a. for 6 months offer on balance transfers.
20.99% p.a. 0% p.a. for 6 months $99 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
HSBC Platinum Qantas Credit Card
Receive 40,000 bonus Qantas Points on eligible spend within 3 months. A balance transfer offer of 0% p.a. for 6 months with access to premium benefits and complimentary insurance.
19.99% p.a. 0% p.a. for 6 months $199 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
A balance transfer offer of 0% p.a. for 18 months. Earn bonus Velocity Points in the first 3 months plus receive a free Virgin Australia $129 Gift Voucher each year. Available from mid-2016.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
American Express Platinum Edge Credit Card - Exclusive Offer
Exclusive Offer to finder.com.au

Receive 30,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Plus, enjoy a complimentary Virgin Australia domestic return flight for each membership year.

20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 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.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Receive an exclusive Virgin Australia Gift Voucher each year and benefit from an interest-free offer for the first 12 months.
0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Go to site More info
ANZ Frequent Flyer Platinum
Earn up to 1.5 Qantas Frequent Flyer points per $1 spent on purchases. Plus 50,000 Qantas Points after your first eligible purchase is made within 3 months of card approval.
19.99% p.a. $295 p.a. Go to site More info
American Express Velocity Platinum Card
Receive 50,000 bonus Velocity Rewards points if you spend $500 within the first 3 months.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $349 p.a. Go to site More info
American Express Velocity Escape Card
No annual fee card. Earn 2 Velocity Points per dollar spent on Virgin Australia flights or products and 1 point spent on all other purchases. Also receive 7,500 bonus Velocity Points.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
NAB Velocity Rewards Premium Card
A Velocity Rewards card with complimentary overseas travel insurance and 20,000 bonus points on signup. Low interest rate offer on balance transfers.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2%% balance transfer fee $150 p.a. Go to site More info
ANZ Frequent Flyer
Get 25,000 Qantas Points after you make an eligible purchase within the first 3 months and earn up to 1 points per $1 spent on purchases.
19.99% p.a. $95 p.a. Go to site More info
NAB Qantas Rewards Premium Card
Earn 1.5 points per $1 spent on eligible purchases. Also includes the added benefits of a premium card.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $250 p.a. Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Receive 30,000 bonus Velocity Points and earn 1 Velocity Points per $1 spent. Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
20.74% p.a. 0% p.a. for 6 months $144 p.a. annual fee for the first year ($289 p.a. thereafter) Go to site More info
American Express Qantas Premium Card
Earn Qantas Points for every dollar spent and earn more spending on associated Qantas Services. Travel insurance included. Earn 30,000 bonus Qantas Points when you make your first purchase on your Qantas Premium card.
20.74% p.a. $249 p.a. Go to site More info
ANZ Frequent Flyer Black
Earn up to 75,000 bonus Qantas Points after you make your first eligible purchase within 3 months of card approval plus earn 1.5 points per $1 spent. Easier payments with Apple Pay.
19.99% p.a. $425 p.a. Go to site More info
American Express Qantas Ultimate Card
Receive 50,000 bonus Qantas Points. Plus earn up to 1 points per $1 spend.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
American Express Qantas Discovery Card
A no annual fee frequent flyer credit card with 1 Qantas Point earned per $1 spend. Also you can earn up to 7,500 extra Qantas Points on signup.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
Bankwest Qantas Platinum MasterCard
Earn 8,000 bonus Qantas Points. Plus free travel and accident insurance and payment protection and $0 foreign transaction fees.
20.49% p.a. 2.99% p.a. for 9 months $160 p.a. Go to site More info
Bankwest Qantas MasterCard
Earn 2,000 bonus Qantas Points.
20.49% p.a. 2.99% p.a. for 9 months $100 p.a. Go to site More info
Citi Rewards Credit Card - Signature
Receive 75,000 bonus Reward Points. Plus earn 1.5 Reward Points per $1 spent on eligible purchases.
20.99% p.a. 0% p.a. for 6 months $199 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
Rates last updated July 25th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
NAB Low Rate Credit Card
The NAB Low Interest Visa Card offers 0% p.a. purchase and balance transfer offers for 15 months. 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 2% balance transfer fee $59 p.a. Go to site More info
NAB Low Fee Card
Get 0% p.a. on purchases and balance transfers 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 2% balance transfer fee $30 p.a. Go to site More info
ANZ First Visa Credit Card - Exclusive Offer
Exclusive Offer to finder.com.au

Enjoy 0% p.a. for the first 12 months on balance transfers and 0% p.a. for the first 3 on purchases.

0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $30 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Earn Velocity Rewards points with your purchases and pay no interest with 0% p.a. for 12 months on purchases and 0% p.a. for 6 months on balance transfers.
0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Go to site More info
NAB Premium Card
Benefit from Premium credit card advantages including travel insurance, higher credit limits and VIP Lost card cover. 0% p.a. for 15 months on purchases and balance transfers.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $90 p.a. Go to site More info
Citi Clear Platinum Card
A low rate platinum credit card with a low interest rate on purchases and balance transfers.
0% p.a. for 9 months (reverts to 14.99% p.a.) 0% p.a. for 9 months $99 p.a. Go to site More info
NAB flybuys Rewards Card
Earn flybuys rewards points on eligible purchases. Also enjoy a 0% rate on purchases and balance transfers for 15 months.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2%% balance transfer fee $95 p.a. Go to site More info
NAB Velocity Rewards Premium Card
0% p.a. on purchases and balance transfers for 15 months and 20,000 bonus Velocity Points when you make an everyday purchase. You gain both Visa and American Express cards which are linked to one single account and annual fee.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2%% balance transfer fee $150 p.a. Go to site More info
NAB Velocity Rewards Card
Low interest rate offer on purchases and balance transfers. A 10,000 bonus Velocity Points.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $95 p.a. Go to site More info
NAB Qantas Rewards Card
Enjoy an introductory offer of 0% p.a. for 15 months for balance transfers and purchases, plus 10,000 bonus Qantas Points on sign up.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $95 p.a. Go to site More info
NAB Qantas Rewards Premium Card
Get 20,000 bonus Qantas Points plus enjoy a low promotional offer of 0% p.a. for 15 months on purchases and balance transfers.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $250 p.a. Go to site More info
Rates last updated July 25th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Coles No Annual Fee MasterCard - Exclusive Offer
Exclusive Offer to finder.com.au
Earn 20,000 bonus points, enjoy no annual fee for the life of the card and earn 1 flybuys point for every $2 spent.
19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
ME Bank frank Credit Card
A low interest rate on purchases and cash advances with $0 annual fee for the life of the card.
9.99% p.a. $0 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.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. 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.
18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee $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.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
Bankwest Zero Platinum MasterCard
Complimentary travel insurance and 24/7 Concierge service and $0 foreign transaction fees. Plus enjoy a $0 annual fee.
17.99% p.a. 2.99% p.a. for 9 months $0 p.a. Go to site More info
ANZ Platinum Credit Card
Receive $200 back when you spend $500 in the first 3 months. Also enjoy a $0 annual fee for the first year with platinum card benefits.
19.74% p.a. $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
ANZ First Student Card
An ideal credit card for students with 44 days interest-free on purchases with $0 annual fee in the first year. Access your account on the go with the goMoney™ app.
19.74% p.a. $0 p.a. annual fee for the first year ($30 p.a. thereafter) Go to site More info
American Express Qantas Discovery Card
Earn up to 7,500 bonus Qantas Frequent Flyer points, plus take advantage of no annual fee for the life of the card. Earn 1 Qantas Frequent Flyer point per $1 spend.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
28 Degrees Platinum MasterCard
No annual fee for life, up to 55 days interest-free on purchases and no foreign transaction fees.
21.99% p.a. $0 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.
11.99% p.a. for 24 months (reverts to 19.99% p.a.) $0 p.a. Go to site More info
American Express Velocity Escape Card
$0 annual fee for life, earn 7,500 bonus Velocity points when you spend $300 in the first 3 months.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
Coles Platinum No Annual Fee MasterCard - Exclusive Offer
Exclusive Offer to finder.com.au

Enjoy 20,000 bonus points, a low balance transfer offer, no annual fee and 24/7 platinum concierge service.

19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
Commonwealth Bank Business Gold Awards credit card
A business credit card with $0 annual fee for the first year, a range of complimentary insurances and up to 2 Awards points per $1 spent on your purchases.
20.74% p.a. $0 p.a. annual fee for the first year ($150 p.a. thereafter) Go to site More info
Commonwealth Bank Business Interest Free Days credit card
Take advantage of this card's $0 annual fee for the first year, plus up to 55 interest-free days and a complimentary transit accident insurance.
17.57% p.a. $0 p.a. annual fee for the first year ($60 p.a. thereafter) Go to site More info
Commonwealth Bank Business Platinum Awards credit card
A business credit card with up to 3 Awards points per dollar spent, complimentary insurances and $0 annual fee for the first year.
20.74% p.a. $0 p.a. annual fee for the first year ($300 p.a. thereafter) Go to site More info
Commonwealth Bank Business Awards credit card
Receive an annual fee waiver in the first year and enjoy up to 1.5 Awards points for every dollar spent, plus 55 days interest-free on purchases.
20.74% p.a. $0 p.a. annual fee for the first year ($100 p.a. thereafter) Go to site More info
Rates last updated July 25th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn bonus Velocity Points in the first 3 months plus enjoy a low 0% p.a. for 18 months on balance transfers. Plus receive a free Virgin Australia $129 Gift Voucher each year. Available from mid-2016.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
Citi Qantas Signature Credit Card
Earn up to 70,000 bonus Qantas Points, complimentary access to over 850 airport lounges worldwide and 0% p.a. for 6 months on balance transfers.
20.99% p.a. 0% p.a. for 6 months $99 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
HSBC Platinum Qantas Credit Card
Receive 40,000 bonus Qantas Points on eligible spend within 3 months. A balance transfer offer of 0% p.a. for 6 months with access to premium benefits and complimentary insurance.
19.99% p.a. 0% p.a. for 6 months $199 p.a. Go to site More info
American Express Platinum Edge Credit Card - Exclusive Offer
Receive 30,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Also receive a complimentary Virgin Blue domestic economy return flight every year and complimentary insurances.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 20 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. Go to site More info
American Express Velocity Platinum Card
Receive 50,000 bonus Velocity Rewards points, get complimentary travel insurance and a free domestic return flight every year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $349 p.a. Go to site More info
ANZ Platinum Credit Card
Enjoy platinum benefits including Overseas Travel and Medical Insurance and Domestic Interstate Flight Inconvenience Insurance, plus $0 annual for the first year with $200 back when you spend $500 in the first 3 months.
19.74% p.a. $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
ANZ Frequent Flyer Platinum
Earn 50,000 Qantas Points after your first eligible purchase is made within 3 months of card approval. Enjoy complimentary insurances and earn up to 1.5 Qantas Points per $1 spent.
19.99% p.a. $295 p.a. Go to site More info
Bank of Melbourne Vertigo Platinum
A platinum card with a low balance transfer offer of 0% p.a. interest for 20 months and 1% p.a. for 12 months on purchases combined with complimentary insurance covers.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. Go to site More info
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.
20.24% p.a. $225 p.a. Go to site More info
ANZ Frequent Flyer Black
Earn up to 75,000 bonus Qantas Points after you make your first eligible purchase within 3 months of card approval plus earn 1.5 points per $1 spent. Easier payments with Apple Pay.
19.99% p.a. $425 p.a. Go to site More info
NAB Premium Card
Enjoy a low rate offer on balance transfers and purchases. Platinum advantages including travel insurance, higher credit limits and VIP Lost card cover.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $90 p.a. Go to site More info
Bankwest Zero Platinum MasterCard
This card comes with a 2.99% p.a. for 9 months on balance transfer offer, $0 foreign transaction fee, plus a $0 annual fee and complimentary travel insurance.
17.99% p.a. 2.99% p.a. for 9 months $0 p.a. Go to site More info
Coles Platinum No Annual Fee MasterCard - Exclusive Offer
Exclusive Offer to finder.com.au

Enjoy 20,000 bonus points, a low balance transfer offer, no annual fee and 24/7 platinum concierge service.

19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
Citi Rewards Platinum Card - Cashback Offer
Earn $250 cashback on eligible spend, plus enjoy 0% p.a. balance transfer offer for 12 months, discounted annual fees for the life of the card and a complimentary travel insurance.
20.99% p.a. 0% p.a. for 12 months $99 p.a. annual fee for the first year ($199 p.a. thereafter) Go to site More info
American Express Platinum Card
Receive 100,000 Membership Rewards Bonus Points and earn up to 3 points per dollar spent. Gain access to travel insurance, $300 Platinum Travel Credit every year and access to 800 VIP airport lounges.
$1,200 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
An interest-free offer on purchases and balance transfers. Earn Velocity Points on everyday spend.
0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Go to site More info
Citi Rewards Credit Card - Platinum Card
Consolidate your debt with a balance transfer offer of 0% p.a. for 24 months and a host of platinum privileges to enjoy including 1.25 Reward Points per $1 spent and complimentary insurance.
20.99% p.a. 0% p.a. for 24 months with 1.5% balance transfer fee $199 p.a. annual fee for the first year ($249 p.a. thereafter) Go to site More info
ANZ Rewards Platinum
Enjoy accelerated points earning and great Platinum features with ANZ Rewards Platinum. You'll also receive 50,000 Reward Points after your first eligible purchase is made within 3 months of card approval.
18.79% p.a. $95 p.a. Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Receive 30,000 bonus Velocity Points and earn 1 Velocity Points per $1 spent. Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
20.74% p.a. 0% p.a. for 6 months $144 p.a. annual fee for the first year ($289 p.a. thereafter) Go to site More info
American Express Qantas Premium Card
Earn as much as 22,500 bonus Qantas Points when you spend $500 on eligible purchases within the first three months of card membership or 5,000 bonus Qantas Points when you make your first purchase on your new card, and 2,500 bonus Qantas Points after your first card spend in Australia on selected Qantas products and services.
20.74% p.a. $249 p.a. Go to site More info
American Express Qantas Ultimate Card
Receive 50,000 bonus Qantas Points and earn 1 points per $1 spend. Benefit from complimentary insurance covers and transfer your credit card debt with 0% p.a. for 12 months on balance transfers.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
Bankwest Breeze Platinum MasterCard
Enjoy no foreign transaction fees on online and overseas purchases, complimentary travel insurance and enjoy 5% cash back* (up to $300) on eligible purchases. Terms and conditions apply.
12.99% p.a. 2.99% p.a. for 9 months $99 p.a. Go to site More info
Citi Rewards Credit Card - Signature
Receive 75,000 bonus points and access to a range of complimentary insurances.
20.99% p.a. 0% p.a. for 6 months $199 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
Coles Rewards Platinum Mastercard
Enjoy 2 flybuys points for every $1 spent and pay a low annual fee.
19.99% p.a. 0% p.a. for 6 months $89 p.a. Go to site More info
BankSA Vertigo Platinum
Enjoy 0% balance transfer rate for 20 months and 1% purchase rate for 12 months if you apply and are approved by 29 September 2016.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. Go to site More info
Citi Clear Platinum Card
Platinum benefits including Visa Concierge service and extended warranty insurance. Transfer your debt with 0% p.a. for 9 months on balance transfers and make purchases with 0% p.a. interest for 9 months.
0% p.a. for 9 months (reverts to 14.99% p.a.) 0% p.a. for 9 months $99 p.a. Go to site More info
NAB Velocity Rewards Premium Card
Enjoy 20,000 bonus Velocity points and complimentary insurances plus 0% p.a. on balance transfers for 15 months.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2%% balance transfer fee $150 p.a. Go to site More info
NAB Qantas Rewards Premium Card
Low purchase and balance transfer offers. Also comes with a Visa and American Express card, both linked to one account and annual fee.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $250 p.a. Go to site More info
David Jones American Express Platinum Card
Receive 40,000 Membership Rewards points or 30,000 Qantas Points and earn up to 4 rewards point per $1 spend. Also enjoy complimentary travel insurance and transferring points into various frequent flyer programs.
20.74% p.a. $295 p.a. Go to site More info
Citi Simplicity Card
Enjoy up to 55 interest-free days and a low interest rate on purchases plus enjoy free bottles of wine from Citibank Dining Program. Offer ends on 31 March 2017.
11.99% p.a. for 24 months (reverts to 19.99% p.a.) $0 p.a. Go to site More info
Emirates Citi World MasterCard
Receive up to 10% Emirates flight discounts, earn 1 frequent flyer point per $1 spent and a low balance transfer offer.
20.99% p.a. 0% p.a. for 9 months $149 p.a. annual fee for the first year ($299 p.a. thereafter) Go to site More info
Commonwealth Bank Business Platinum Awards credit card
A business credit card with up to 3 Awards points per dollar spent, complimentary insurances and $0 annual fee for the first year.
20.74% p.a. $0 p.a. annual fee for the first year ($300 p.a. thereafter) Go to site More info

 Credit cards for travel

How it works: Credit cards provide more liquidity and access to cash overseas for peace of mind. Credit cards also allow you to access the exchange rate of the day, which may be higher than the rate you have secured beforehand with prepaid travel cards.

How a credit card can suit your travel money needs.

  • Receive the exchange rate on the day. Not being able to lock in the exchange rate can work to your advantage. If your domestic currency appreciates against the destination's currency when you are travelling, you can exchange your money for a better rate.
  • Travel now, pay later. Credit cards can provide up to 55 days interest-free on purchases and 0% purchase offers. These features provide extra funds and flexibility for your travel money needs.
  • Rewards and frequent flyer points. Earn points with rewards programs and frequent flyer programs while you travel.

Things to note when using credit cards for travel.

  • No backup cards. Credit cards only provide additional cards instead of backup cards. As a result if your credit card is lost overseas it may take 1-2 weeks for a new card to be sent to your whereabouts.
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More information on different types of travel credit cards

  • No Currency Conversion Fee Credit Cards
  • Frequent Flyer and Rewards Credit Cards
  • 0% Purchase Credit Cards
  • No annual fee credit cards
  • Gold, Platinum and Black credit cards

No Currency Conversion Fee Credit Cards

Benefits.

  • Avoid getting charged a fee for currency conversion when making purchases overseas or online.

Frequent Flyer and Rewards Credit Cards

Benefits.

  • Some cards offer bonus points when you spend overseas.
  • Make good use of a rewards card and you could be entitled to discounts on air tickets, access to services and perks like airline lounges or enjoy a cash back for every dollar spent.

Considerations.

  • Make sure you’re actually going to benefit from a rewards card before you sign up, or it could fall into one of those ‘seemed like a good idea at the time’ moments. Generally, you need to pay your balance in full (so you get interest free days) to see any net value from the rewards on offer. You also need to spend a certain amount on the product so the rewards cover the cost of the product’s annual fee (if applicable).
  • And then there’s the currency conversion fee to consider. While rewards cards might seem sweet, check how much your are getting charged for other things like currency conversion. For example, if your rewards cards offers a %2 cash back, but charges %3 for international transaction fee, and doesn’t offer anything else in the way of rewards, you might want to look elsewhere.
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 Purchase Credit Cards

0% purchase credit cards give the holder an interest-free period when you first open the account. It is an introductory offer, designed to draw new customers in. After the interest free period is over, the interest rate jumps back to an interest rate which will last the life of the card. The second interest rate is typically quite high.

Wise use of a 0% purchase credit card can provide interest-free financing for short term expenses, like travel.

Benefits.

  • If you make good use of the card’s features, terms and conditions, there is no reason why a 0% purchase credit card can’t be used to as a form of interest free finance for your holiday. Make your minimum payments and pay your balance off at the end of the introductory period, and you’ve given yourself an short-term, interest-free loan.

Considerations.

  • If you are unable to make the minimum monthly repayment or pay off your balance at the end of the interest-free period, you could find yourself paying back your loan on higher than average interest rates.
  • The feature of an interest free period can be available on other cards, typically platinum, gold cards.
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No annual fee credit cards

These cards are pretty self-explanatory, and tend to also be described as no-frills cards, or everyday days. No annual fee cards do not charge the cardholder an annual account or card holding fee. They also come without ‘bells and whistles’ and will tend not to have features which are useful for travel.

Typically, no annual fee credit cards will charge for currency conversion and will not entitle the user to rewards or come with travellers freebies. On the other hand, if you are only taking your credit card as an emergency card, don’t plan to use it frequently, or think that you won't benefit from rewards, not having to pay a high annual fee could be enough incentive to take this type of credit card with you on holiday.

Benefits.

  • No annual fee. Pay nothing to keep this card in your wallet.
  • No annual fee credit cards also come with up to a number of interest free days if you pay your account in full each month. This means you can make interest free purchases between statement periods. Some no annual fee credit cards also feature a low ongoing purchase rate of interest or purchase rate promotion when the account in opened.

Considerations.

  • If you are planning a trip away and will be transacting overseas, make sure you are aware of the charges for international transaction on your no annual fee card. Because these cards are ‘no frills’, often they don’t offer features or entitle the cardholder to benefits that are useful when abroad.
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Gold, Platinum and Black credit cards

On the other side of the spectrum to ‘no annual fee’ credit cards are gold, platinum and black credit cards, which offer the holder a range of freebies, features, extras and benefits, usually in exchange for a high annual fee.

Often complimentary international travel insurance is included with these products, which is money saved before you’ve even left the country.

Benefits.

  • Many of the features previously mentioned in this article will be included with the use of one of these ‘high-end’ credit cards, like admission to a rewards’ programs, no fee for currency conversion, and an interest free introductory period.
  • Other features which are also commonly included are complimentary travel insurance, personal shoppers and travel agents on call. Good use of these features could save you time and money.

Considerations.

Consider carefully the costs vs the benefits. A good credit for you will reward you more than its costs you. If you don’t have need or want for the benefits on offer, the annual high might not be worth it.

Ultimately, choosing the right credit card for travel means understanding your money personality and choosing a card that suits your budget, your lifestyle, your travel plans, and your spending style. Compare the features available and ask yourself how the card you are looking at would benefit you.

Frequently asked questions about travel credit cards

What is a currency conversion fee?

A currency conversion fee (sometimes called a foreign or international transaction fee) is a fee that is normally charged by your bank when you spend money in a foreign currency. Every time you make a transaction in a foreign country with your Australian issued credit card, the amount you spend needs to be converted to the local currency in order for the payment to be processed. Banks charge a fee for this, usually around 2 or 3 percent, every single time you transact.

Overtime, this charge can add up, especially if you are using your credit card as your main source of spending money and make frequent payments for things like hotels, restaurants and buying train tickets.

Credit cards that do not charge a fee for currency conversion are very popular with travellers. Bare in mind that while some cards will advertise ‘no currency conversion fee’ as their main selling-point, this feature may be available on other cards, also.

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This page was last modified on 14 April 2016 at 13:08.

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2 Responses to Travel Money Credit Cards

  1. Default Gravatar
    | May 4, 2015

    Hi,

    What’s the best 0% credit card for travelling overseas with? I missed out on the BankWest offer which was 12 month 0% interest free and no foreign transaction fees. Is there anyway I can apply for this card with these perks?

    • Staff
      Elizabeth | May 5, 2015

      Hi Abel,

      Thanks for your question.

      There really is no one ‘best’ credit card, as it depends what features you’re looking for in a travel card, where you’re going, how much you’re going to spend, the financial situation you’re in, etc. As you can see from this page there are a few cards available, some with other features such as complimentary insurances, frequent flyer points and more. It can help tp decode wjay features are important to you and then look at what rates and fees are competitive.

      I hope this has helped.

      Thanks,

      Elizabeth

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