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 December 18th, 2017
Name Product Foreign Currency Conversion Fee Overseas ATM Withdrawal Fee Overseas Cash Advance Fee Annual fee Product Description
Bankwest Zero Platinum Mastercard
0% of transaction value
$0
2% of transaction amount or $4 (whichever is greater)
$0 p.a.
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and access to a 24/7 concierge service.
Bankwest Breeze Platinum Mastercard
0% of transaction value
$0
2% of transaction amount or $4 (whichever is greater)
$99 p.a.
Receive a 0% p.a. interest rate on balance transfers for 24 months, complimentary travel insurance and 0% foreign transaction fees.
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 0% foreign transaction fees on purchases, a $0 annual fee for life and a personal concierge service.
ANZ Rewards Travel Adventures card
0% of transaction value
$0
$0
$225 p.a.
Receive 40,000 bonus Velocity Points, 2 yearly Virgin Australia lounge passes, plus enjoy $0 overseas purchase transaction fees.
Westpac Lite Card
0% of transaction value
2%
$108 p.a.
Keep credit card costs low with a maximum credit limit of $4,000, a 9.9% p.a. purchase interest rate and no foreign transaction fees.
Bankwest Qantas Platinum Mastercard
0% of transaction value
$0
2% or $4, whichever is greater
$160 p.a.
Enjoy 0% foreign transaction fees, complimentary travel insurances and earn 0.5 Qantas Points per $1 spent on eligible purchases.
Bankwest More Platinum Mastercard
0% of transaction value
$0
2% of transaction amount or $4 (whichever is greater)
$160 p.a.
Earn 2 More Rewards Points per $1 spent, 75,000 bonus points when you meet the spend requirement and save with 0% foreign transaction fees.

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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 December 18th, 2017
Name Product Foreign Currency Conversion Fee Overseas ATM Withdrawal Fee Overseas Cash Advance Fee Annual fee Product Description
Bankwest Zero Platinum Mastercard
0% of transaction value
$0
2% of transaction amount or $4 (whichever is greater)
$0 p.a.
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and access to a 24/7 concierge service.
Bankwest Breeze Platinum Mastercard
0% of transaction value
$0
2% of transaction amount or $4 (whichever is greater)
$99 p.a.
Receive a 0% p.a. interest rate on balance transfers for 24 months, complimentary travel insurance and 0% foreign transaction fees.
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 0% foreign transaction fees on purchases, a $0 annual fee for life and a personal concierge service.
ANZ Rewards Travel Adventures card
0% of transaction value
$0
$0
$225 p.a.
Receive 40,000 bonus Velocity Points, 2 yearly Virgin Australia lounge passes, plus enjoy $0 overseas purchase transaction fees.
Westpac Lite Card
0% of transaction value
2%
$108 p.a.
Keep credit card costs low with a maximum credit limit of $4,000, a 9.9% p.a. purchase interest rate and no foreign transaction fees.
Bankwest Qantas Platinum Mastercard
0% of transaction value
$0
2% or $4, whichever is greater
$160 p.a.
Enjoy 0% foreign transaction fees, complimentary travel insurances and earn 0.5 Qantas Points per $1 spent on eligible purchases.
Bankwest More Platinum Mastercard
0% of transaction value
$0
2% of transaction amount or $4 (whichever is greater)
$160 p.a.
Earn 2 More Rewards Points per $1 spent, 75,000 bonus points when you meet the spend requirement and save with 0% foreign transaction fees.

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Frequent Flyer and Rewards Credit Cards

Frequent flyer and rewards credit cards are designed with the traveller in mind and 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 December 18th, 2017
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
Virgin Australia Velocity Flyer Card - Bonus Points Offer
60,000 bonus points
Velocity Frequent Flyer
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 Platinum Credit Card - 100k Bonus Points
100,000 bonus points
Citi Rewards Program
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, enjoy a long-term balance transfer offer, a discounted first year annual fee and complimentary travel insurance.
HSBC Platinum Qantas Credit Card
60,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$199 p.a.
Receive a complimentary Qantas Frequent Flyer membership and take advantage of complimentary international travel insurance.
Citi Rewards Platinum Credit Card
Citi Rewards Program
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 24 month balance transfer offer, plus complimentary international travel insurance.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Velocity Frequent Flyer
0.66
0% p.a. for 14 months (reverts to 20.74% p.a.)
$129 p.a.
Receive a $129 Virgin Australia Gift Voucher each year, save with up to 44 interest-free days and complimentary transit accident insurance.

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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 December 18th, 2017
$
Name Product Product Description Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period Amount Saved
NAB Low Rate Platinum Card
A platinum card that offers an introductory rate of 0% p.a. for 9 months on purchases.
0% p.a. for 9 months (reverts to 13.99% p.a.)
4.99% p.a. for 6 months
$100 p.a.
Up to 55 days on purchases
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Until 31 January 2018 get 0% p.a. on purchases for 14 months. Plus, up to 0.66 Velocity Points per $1 spent.
0% p.a. for 14 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$129 p.a.
Up to 44 days on purchases
NAB Low Rate Credit Card
Receive an introductory 0% p.a. interest rate for 6 months on purchases, Visa Entertainment offers and a competitive $59 ongoing annual fee.
0% p.a. for 6 months (reverts to 13.99% p.a.)
4.99% p.a. for 6 months
$59 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 December 18th, 2017
Name Product Annual fee Purchase rate (p.a.) Balance transfer rate (p.a.) Product Description
American Express Essential Credit Card
$0 p.a.
14.99% p.a.
0% p.a. for 12 months with 3% balance transfer fee
Get Smartphone Screen Insurance of up to $500 when you pay for your phone or contract with this card. Plus, a $0 annual fee for life.
St.George Vertigo Platinum - Online Offer
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
12.74% p.a.
0% p.a. for 24 months
Platinum card benefits plus 0% p.a. for 24 months on balance transfers (with no BT fee) and $0 annual fee in the first year. Ends 14 January 2018.
Greater Bank Visa Credit Card
$40 p.a.
11.95% p.a.
Same low 11.95% p.a. interest rate on purchases and cash advances, plus, up to 55 interest-free days on purchases.
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 meet the offer criteria, a 0% p.a. for 14 month balance transfer offer and a $0 first year annual fee.
ME frank Credit Card
$0 p.a.
11.99% p.a.
Save money with a $0 annual fee for life, the same low 11.99% p.a. interest rate on purchases and balance transfers and up to 55 days interest-free.

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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 December 18th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
$129 p.a.
Take advantage of a 0% p.a. for 22 months on balance transfers offer with a 2% balance transfer fee.
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
Exclusive to finder.com.au, enjoy a no BT fee, 0% balance transfer offer for 25 months and seven complimentary insurance covers.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Platinum card benefits plus 0% p.a. for 24 months on balance transfers (with no BT fee) and $0 annual fee in the first year. Ends 14 January 2018.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you meet the offer criteria, a 0% p.a. for 14 month balance transfer offer and a $0 first year annual fee.
Citi Rewards Platinum Credit Card
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)
Enjoy a long-term balance transfer offer of 0% p.a. for 24 months with a 1.5% balance transfer fee.

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 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 11 December 2017 at 10:47am.

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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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