What Is The Ideal Credit Card For Me?

Finding the ideal credit card

Last updated:

The ideal credit card for you is going to be one that meets all of your needs and has everything you want all packed into one credit card. Once you have determined what you are looking for in a card, you can start doing a comparison to find the right card.

If you spend a little time doing a credit card comparison you're sure to find the ideal credit card for you. It may take a little bit of digging, but the time is well spent since you will probably have this card for many years.

What to consider what finding the ideal credit card

Look for a card with a low interest rate on purchases

A low interest credit card is always a positive feature of a credit card. If rewards are not of great importance to you, you can find a good no frills low rate credit card between 10%-13%.
Comparison of Low Interest Rate Credit Cards

Can you make the payments?

Finding the ideal credit card for you involves being honest and deciding if you're going to be able to meet your monthly payment obligations regularly. It is easy to say that you will before you get your credit card, but if you have had a problem paying bills on time in the past, it is ideal to address this at the beginning and be completely honest about it.

If you think there are going to be times when you have to carry over a balance from one month to the next you should look for a card with a low interest rate on purchases. This way, you can do your best to make all the payments in full but if you make a mistake one month and can't pay it you won't be stuck paying an enormous interest rate.


You need to make sure that you understand everything that is being offered with the card. Read all the small print and go over it a few times. If you don't know what all the terms such as APR and grace period mean you should find out. Sometimes they are explained on the credit card agreement, but if you can't find them there contact the credit card provider before making a final decision.

You should also clear up your understanding on the following terms when you are searching for the ideal card.

  • Cash advance interest rates
  • Annual fee
  • Penalties
  • Fees for going over the limit
  • Charges for late payments
  • How interest rates can be changed
  • Anything else that you do not fully understand

Cash advances can be very draining on a credit card since the fees and interest rates are very high. Don't count on using your credit card to get money out of the ATM every time you need it. Have a debit card at your disposal to withdraw cash at these times.

Annual fees

The ideal card for you may not be one without an annual fee. If you are going to be carrying over a balance for a month or two you may want to get a card with an annual fee since the interest rate on these cards is usually much lower than cards without this fee.
Comparison of No Annual Fee Credit Cards

Interest rates

It is the same for cards with low interest rates. If you don't plan on using your card too often and want to have it for emergencies only then it doesn't make sense to pay a high annual fee to save on interest rates. If you don't have to use it for an emergency situation, why pay an annual fee when you haven't even used the card?


If you get a rewards card you may have to pay extra for other features and benefits. There may be a higher annual fee, interest-rate or both. It may seem like a good deal at first, but it may not be the ideal card for you. If you are looking for a rewards card make sure that you check out the features available and whether it will cost you more to own the card than the benefits you get out of it.

If you follow the suggestions listed above you will be able to find your ideal credit card much easier. There is a card that is out there just waiting for you to claim it, and all you have to do is look for it.

Comparison of Rewards Credit Cards

Image: Shutterstock

Back to top
Was this content helpful to you? No  Yes

Related Posts

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

8 Responses

  1. Default Gravatar
    AndyJune 7, 2018

    If you call Go mastercard helpline and they say your card is approved with xxx limit, congratulations. What does it mean? Does it mean that I will have the card physically by 10 business days?

    I have applied for the Go mastercard from xxx shop and I received a call saying your card is approved, so what do I do next? Should I go to that store or card will itself be delivered to my postal address?

    What is the meaning that I have to go to the store to sign the paper work?

    Guide me please.

    • Avatarfinder Customer Care
      JeniJune 8, 2018Staff

      Hi Andy,

      Thank you for getting in touch with finder.

      If you got a phone call saying your card is approved then that means that your application has been accepted and you have an account with them. If during the call, the rep mentioned that you need to sign some paperwork then I suggest that you go back to the store that you had your initial application with to complete your application requirement. It is also best that you verify with them if you are receiving your card through the post or should you get that from that store.

      To check if you have been approved for this card, you may also contact Go Mastercard directly at 1300 462 273. They are open from Monday to Friday from 8:30am – 7:00pm and Saturday from 9:00am – 5:00pm.

      I hope this helps.

      If you have any more questions, please feel free to contact us again.

      Have a great day!


  2. Default Gravatar
    melindaOctober 16, 2016

    I am looking at getting a credit card and I want to know what card would best suit me.

    • Avatarfinder Customer Care
      JasonOctober 19, 2016Staff

      Hi Melinda.

      Thank you for your inquiry.

      It’s always useful when choosing a credit card to consider the purpose of the credit card and to factor in how you will use it and how these tie into your financial situation. Unfortunately, we can’t recommend specific cards, however, we can help with guiding you through the process of comparing. Please check out this link to compare and select the credit card that would fit your needs. Alternatively, you can also check out this link for a comprehensive list of credit cards for various purposes.

      I hope this helps.


  3. Default Gravatar
    unknownAugust 4, 2015

    Trying to find best credit card for me. Current balance of $10000. Paying off approx $3000 per month but adding approx $2000 per month. Currently paying interest of approx $150 per month.

    • Avatarfinder Customer Care
      SallyAugust 5, 2015Staff

      Hi unknown,

      Thanks for your inquiry.

      Please note that finder.com.au is an online comparison service and is not in a position to recommend specific products, providers and services.

      For a list of credit cards, you may want to compare from this page. You may also wish to look at our balance transfer credit card comparison.

      I hope this has helped.



  4. Default Gravatar
    ashwaniFebruary 22, 2015

    Hy i am an international student and i am earning good so which credit card i can apply for?

    • Avatarfinder Customer Care
      JonathanFebruary 23, 2015Staff

      Hi Ashwani, thanks for your inquiry!

      Unfortunately credit cards in Australia require permanent residency status and/ or a Working Visa requirement. For a list of student banking accounts which include international students please see this page. Debit card facilities are also available with these accounts, and often include no account fees while you’re student and allow the transfer of balances from your overseas account.



Credit Cards Comparison

Updated December 13th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
Latitude 28° Global Platinum Mastercard
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.
Citi Clear Platinum Credit Card
0% for 9 months, reverts to 14.99% p.a.
0% p.a. for 9 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Enjoy a $0 first year annual fee and a 0% introductory rate on purchases and balance transfers. Plus, complimentary purchase insurance cover.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
Go to site