Travel Money Credit Cards

Rates and fees last updated on

Travel Credit Cards let you make transactions overseas and offer various travel perks including no currency conversion fees and complimentary travel insurance. Compare your options today.

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. Travel credit cards allow you to access the daily exchange rate, which may be higher than preloading currency onto a prepaid travel card, giving you more value for your money.

This guide compares travel credit cards and explains the potential benefits of using one overseas on your next holiday.

Bankwest Zero Platinum Mastercard

$0 annual fee
0% foreign transaction fees

Eligibility criteria, terms and conditions, fees and charges apply

Bankwest Zero Platinum Mastercard

A platinum credit card that features 0% foreign transaction fees, complimentary travel insurance covers and no annual fee.

  • $0 p.a. annual fee.
  • 17.99% p.a. on purchases
  • Cash advance rate of 21.99% p.a.
  • Up to 55 days interest free
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Compare Travel Credit Cards

Rates last updated October 21st, 2017
Name Product Foreign Currency Conversion Fee (MC) Foreign Currency Conversion Fee (VISA) Overseas ATM Withdrawal Fee Overseas Cash Advance Fee Annual fee Product Description
Bankwest Zero Platinum Mastercard
0% of transaction value
$5
The greater of 2% or $4
$0 p.a.
Receive complimentary international travel insurance, access to a 24/7 concierge service and 0% foreign transaction fees.
ANZ Rewards Travel Adventures card
0% of transaction value
$0
$225 p.a.
Receive 40,000 bonus Velocity Points when you spend $500 on eligible purchases in the first three months.
28 Degrees Platinum Mastercard
0% of transaction value
$0
3% of the cash advance or $4 (whichever is greater)
$0 p.a.
Designed for travel, benefit from no international transaction fees on purchases and no currency conversion fees.
Bankwest Qantas Platinum Mastercard
0% of transaction value
$5
2% or $4, whichever is greater
$160 p.a.
Enjoy a high credit limit with complimentary travel insurances and earn 0.5 Qantas Points per $1 spent on eligible purchases.
Westpac Lite Card
0% of transaction value
$0
$108 p.a.
Keep credit card costs low with a maximum credit limit of $4,000 and no foreign transaction fees.
Bankwest Breeze Platinum Mastercard
0% of transaction value
$5
Greater of 2% or $4.00
$99 p.a.
Offers an introductory balance transfer rate of 0% p.a. for 13 months with a 2% BT fee, plus platinum perks.
Bankwest More Platinum Mastercard
0% of transaction value
$5
2% or $4, whichever is greater
$160 p.a.
No fees on overseas ATM withdrawal, no foreign transaction fees and earn 75,000 bonus More rewards points.

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Compare different types of travel credit cards


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 could 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.

No Currency Conversion Fee Credit Cards

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

Rates last updated October 21st, 2017
Name Product Foreign Currency Conversion Fee (MC) Foreign Currency Conversion Fee (VISA) Overseas ATM Withdrawal Fee Overseas Cash Advance Fee Annual fee Product Description
Bankwest Zero Platinum Mastercard
0% of transaction value
$5
The greater of 2% or $4
$0 p.a.
Receive complimentary international travel insurance, access to a 24/7 concierge service and 0% foreign transaction fees.
ANZ Rewards Travel Adventures card
0% of transaction value
$0
$225 p.a.
Receive 40,000 bonus Velocity Points when you spend $500 on eligible purchases in the first three months.
28 Degrees Platinum Mastercard
0% of transaction value
$0
3% of the cash advance or $4 (whichever is greater)
$0 p.a.
Designed for travel, benefit from no international transaction fees on purchases and no currency conversion fees.
Bankwest Qantas Platinum Mastercard
0% of transaction value
$5
2% or $4, whichever is greater
$160 p.a.
Enjoy a high credit limit with complimentary travel insurances and earn 0.5 Qantas Points per $1 spent on eligible purchases.
Westpac Lite Card
0% of transaction value
$0
$108 p.a.
Keep credit card costs low with a maximum credit limit of $4,000 and no foreign transaction fees.
Bankwest Breeze Platinum Mastercard
0% of transaction value
$5
Greater of 2% or $4.00
$99 p.a.
Offers an introductory balance transfer rate of 0% p.a. for 13 months with a 2% BT fee, plus platinum perks.
Bankwest More Platinum Mastercard
0% of transaction value
$5
2% or $4, whichever is greater
$160 p.a.
No fees on overseas ATM withdrawal, no foreign transaction fees and earn 75,000 bonus More rewards points.

Compare up to 4 providers

Frequent Flyer and Rewards Credit Cards

Frequent flyer and rewards credit cards are designed with the traveller in mind can enhance your next travel experience. This type of card lets you look forward to frequent flyer program benefits, airport lounge passes, complimentary travel insurance and bonus points offers so you can upgrade your flights and redeem for rewards.

Rates last updated October 21st, 2017
Name Product Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee Product Description
Westpac Altitude Black - Altitude Qantas 100k Bonus Points
100,000 bonus points
0.625
1.25
20.24% p.a.
$195 p.a. annual fee for the first year ($395 p.a. thereafter)
Earn 20,000 points on approval and an additional 80,000 bonus Qantas Points when you meet the spend requirement. Ends 26 October 2017.
Citi Platinum Credit Card - 100k Bonus Points
100,000 bonus points
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, take advantage of a long-term balance transfer offer and receive complimentary travel insurance.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
60,000 bonus points
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.
Citi Rewards Platinum Credit Card
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn Reward Points per $1 spent as part of the Citi Rewards Program, plus receive complimentary international travel insurance.
Westpac Altitude Black - 100k Bonus Points
100,000 bonus points
1.25
2.5
20.24% p.a.
$195 p.a. annual fee for the first year ($395 p.a. thereafter)
Earn 20,000 points on approval and an additional 80,000 bonus Altitude Points when you meet the spend requirement. Ends 26 October 2017.

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Purchase Credit Cards

Interest free purchase credit cards provide you with an interest-free period upon account activation, allowing you to make purchases now and repay later. This type of credit card can provide you with extra spending power for your holiday. After the purchase promotion has ended the revert purchase interest rate will take effect.

Rates last updated October 21st, 2017
$
Name Product Product Description Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period Amount Saved
ANZ Platinum Credit Card - Exclusive Offer
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months with no balance transfer fee.
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
Bankwest Breeze Classic Mastercard
Get the security of free worldwide emergency card replacement and the convenience of Mastercard PayPass.
0% p.a. for 13 months (reverts to 12.99% p.a.)
0% p.a. for 13 months with 2% balance transfer fee
$79 p.a.
Up to 55 days on purchases
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Until 31 October 2017 get 0% p.a. on purchases for 12 months. Plus, up to 0.66 Velocity Points per $1 spent.
0% p.a. for 12 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$129 p.a.
Up to 44 days on purchases
Bankwest Breeze Platinum Mastercard
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.
0% p.a. for 13 months (reverts to 12.99% p.a.)
0% p.a. for 13 months with 2% balance transfer fee
$99 p.a.
Up to 55 days on purchases

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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 cards. 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.

Rates last updated October 21st, 2017
Name Product Annual fee Purchase rate (p.a.) Balance transfer rate (p.a.) Product Description
ANZ Platinum Credit Card - Exclusive Offer
$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
Pay 0% p.a. for 3 months on purchases and receive platinum perks including complimentary travel and purchase insurance.
Woolworths Everyday Platinum Credit Card
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
19.99% p.a.
0% p.a. for 14 months
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Qantas American Express Discovery Card
$0 p.a.
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Earn an uncapped 1 Qantas Frequent Flyer point per $1 spent, plus complimentary purchase insurance.
Citi Simplicity Card
$0 p.a.
19.99% p.a.
0% p.a. for 15 months with 1.5% balance transfer fee
Earn 5% cashback on eligible purchases (capped at $50 per month) for the first 90 days from card approval.
American Express Velocity Escape Card
$0 p.a.
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
Earn uncapped Velocity points on purchases and redeem for a range of rewards including flights, accommodation, car hire and gift cards.

Compare up to 4 providers

Benefits.

  • No annual fee. Pay nothing to keep this card in your wallet.
  • Interest free days. 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 during your holiday. 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 transactions 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 abroad.

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. These types of cards offer the holder a range of premium benefits including large bonus points offers, higher rewards points earnings per $1 spent, free flights and complimentary travel insurance in exchange for a higher annual fee.

Rates last updated October 21st, 2017
Name Product Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
0
0
19.74% p.a.
$90 p.a.
Exclusive to finder.com.au and available until 12 November 2017, enjoy a no BT fee, long-term balance transfer offer and complimentary insurances.
HSBC Platinum Credit Card
1
0
19.99% p.a.
$99 p.a.
Take advantage of a 0% p.a. for 22 months on balance transfers offer with a 2% balance transfer fee.
St.George Vertigo Platinum
0
0
12.74% p.a.
$99 p.a.
Take advantage of a 0% p.a. for 24 months on balance transfers offer with 2% balance transfer fee.
Westpac Altitude Black - Altitude Qantas 100k Bonus Points
100,000 bonus points
0.625
1.25
20.24% p.a.
$195 p.a. annual fee for the first year ($395 p.a. thereafter)
Earn 20,000 points on approval and an additional 80,000 bonus Qantas Points when you meet the spend requirement. Ends 26 October 2017.
HSBC Platinum Qantas Credit Card
60,000 bonus points
1
19.99% p.a.
$199 p.a.
Enjoy complimentary membership to the Qantas Frequent Flyer program and international travel insurance.

Compare up to 4 providers

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

  • Q. 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.

Over time, 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 also be available on other cards.

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This page was last modified on 18 October 2017 at 1:56pm.

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4 Responses

  1. Default Gravatar
    JenMay 15, 2017

    What does your article mean by “travel credit card”? Is this different from my normal Australian Visa credit card? Can I use my normal credit overseas or do I have to get a “travel” credit card?

    • Staff
      AnndyMay 16, 2017Staff

      Hi Jen,

      Thanks for your question.

      Yes, generally, you may use your normal or regular credit card overseas. However, most credit cards attract high currency conversion and other international transaction fees. Travel credit cards on the other hand may have features that are ideal for overseas travel such as low or zero foreign transaction fees.

      Cheers,
      Anndy

  2. 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
      ElizabethMay 5, 2015Staff

      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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