Travel Credit Cards
Travel credit cards let you make transactions overseas and perks like 0% currency conversion fees and complimentary travel insurance.
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Choosing the right way to take money abroad is essential whether you're a regular jet-setter or planning a rare getaway. Travel credit cards allow you to access the daily exchange rate, which may be more competitive than loading currency onto a prepaid travel card, giving you better value for your money.
This guide compares travel credit cards and explains the potential benefits of using one overseas on your next holiday.
$0 annual fee
0% foreign transaction fees
Eligibility criteria, terms and conditions, fees and charges apply
Bankwest Credit Card Offer
Save with a $0 annual fee, 0% foreign transaction fees and a balance transfer offer. Plus, complimentary overseas travel insurance.
- Ongoing $0 annual fee
- 17.99% p.a. purchase rate | 21.99% p.a. cash advance rate
- 0% foreign transaction fees online and overseas
- 2.99% on balance transfers for 9 months, reverts to 17.99% p.a.
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.
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.
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.
Gold, Platinum and Black credit cards
Gold, platinum and black credit cards 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.
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 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. Bear 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.Back to top
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Citi Rewards Card – Bonus Points Offer
Earn flexible rewards points as you spend and enjoy a big 100,000 bonus points offer with the Citi Rewards Credit Card.
HSBC Platinum Credit Card
This card offers 0% interest on balance transfers for 36 months, a discounted $29 first year annual fee and platinum benefits including airport lounge passes and complimentary insurance covers.
Citi Rewards Card – Velocity Points Offer
Enjoy 100,000 bonus Velocity Points, a reduced first-year annual fee and points per $1 spent with the Citi Rewards credit card.
American Express Velocity Business Card
The American Express Velocity Business Card earns points per $1 spent and offers complimentary travel insurance and two complimentary Virgin Australia lounge passes each year.
The American Express Business Card
The American Express Business Card offers reliable service, a wide range of benefits, additional features, and competitive fees.
American Express Qantas Business Rewards Card
The Amex Qantas Business Rewards Card offers 150,000 bonus Qantas Points, no pre-set spending limit and platinum perks including complimentary insurances.
Kogan Money Black Card – Exclusive Offer
Pay 0% interest on balance transfers and get a $50 Kogan.com Credit with a new Kogan Money Black Card.
Citi Rewards Card – Points & Gift Card Offer
Enjoy an introductory 90,000 bonus Citi reward Points, a $100 Coles eGift card, plus a reduced first-year annual fee with this Citi Rewards Card offer.
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