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Credit card comparison made easy

Compare credit cards with bonus points, balance transfers, low rates and more from our database of 82 Australian providers.

Amy Bradney-George

Reviewed by

Alanna Glenn

Updated

Jul 26, 2023

Fact checked

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At Credit Card Finder® we’ve been comparing cards for over 15 years. To date, we’ve helped almost 6 million Australians find a credit card.

1 - 11 of 11

Name	Purchase rate p.a.	Bonus points	Points per $ spent	Interest-free period	Balance transfer rate p.a.	Annual fee
Kogan Money Card – Balance Transfer Offer ExclusiveKogan Rewards Program	Purchase rate p.a. 20.99%	Bonus points N/A	Points per $ spent 1	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 18 months with 1% balance transfer fee, then 21.74%	Annual fee $0	Go to site More Info Compare	0% Balance Transfer Offer Get 0% p.a. on balance transfers for 18 months with a 1% balance transfer fee. Plus an ongoing $0 annual fee.
ANZ Low Rate	Purchase rate p.a. 12.49%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 28 months with 2% balance transfer fee, then 21.24%	Annual fee $0 first year ($58 after)	Go to site More Info Compare	0% Balance Transfer Save with a 0% p.a. balance transfer for 28 months (with a one-time 2% BT fee). Plus, a $0 first-year annual fee.
Bankwest Breeze Classic Mastercard	Purchase rate p.a. 0% for 15 months, then 12.99%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 15 months with 2% balance transfer fee, then 12.99%	Annual fee $0 first year ($49 after)	Go to site More Info Compare	0% Interest Offers Save with 0% p.a. on purchases and balance transfers for 15 months (with a 2% BT fee). Plus, a $0 first-year annual fee.
Westpac Low Rate Card	Purchase rate p.a. 13.74%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 28 months, then 21.49%	Annual fee $59	Go to site More Info Compare	0% Balance Transfer Offer Save with a 0% p.a. interest rate on balance transfers for 28 months. Plus, a low 13.74% p.a. purchase interest rate.
Latitude 28° Global Platinum Mastercard	Purchase rate p.a. 26.99%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a.	Annual fee $0	Go to site More Info Compare	$0 Annual Fee Save with 0% international transaction fees on purchases. Plus, complimentary Flight Delay Pass and global data roaming.
ANZ Platinum Credit Card	Purchase rate p.a. 20.24%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 21.24%	Annual fee $0 first year ($87 after)	Go to site More Info Compare	$250 back & $0 First-Year Annual Fee Get $250 back on your card when you spend $1,500 on eligible purchases in the first 3 months and a $0 first-year annual fee. Plus, complimentary overseas travel insurance.
American Express Qantas Business Rewards Card Qantas Business Rewards	Purchase rate p.a. 0%	Bonus points 150,000	Points per $ spent 1.25	Interest-free period Up to 51 days on purchases	Balance transfer rate p.a.	Annual fee $450	Go to site More Info Compare	150,000 Bonus Qantas Points Offer ABN holders w/ $75k revenue. Earn 150,000 bonus Qantas Points when you spend $3,000 in the first 2 months. Ends 08 August 2023.
Qantas American Express Ultimate Card Qantas Frequent Flyer	Purchase rate p.a. 23.99%	Bonus points 60,000	Points per $ spent 1.25	Interest-free period Up to 44 days on purchases	Balance transfer rate p.a.	Annual fee $450	Go to site More Info Compare	60,000 bonus Qantas Points Get 60,000 bonus Qantas Points when you spend $3,000 in the first 3 months. Plus, a yearly $450 Travel Credit.
ANZ Low Rate - Credit Back Offer	Purchase rate p.a. 12.49%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 21.24%	Annual fee $58	Go to site More Info Compare	$250 Credit back Get $250 back on your card when you spend $1,500 on eligible purchases in the first 3 months.
American Express Business Explorer Credit Card Membership Rewards Gateway	Purchase rate p.a. 23.99%	Bonus points N/A	Points per $ spent 2	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a.	Annual fee $0 first year ($149 after)	Go to site More Info Compare	$0 First-Year Annual Fee ABN holders w/ $75,000 revenue. Earn up to 2 points per $1 spent and save with a $0 annual fee in the first year.
Bankwest Breeze Platinum Mastercard	Purchase rate p.a. 0% for 15 months, then 12.99%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 0% for 15 months with 2% balance transfer fee, then 12.99%	Annual fee $0 first year ($69 after)	Go to site More Info Compare	Get 0% p.a. interest on purchases and balance transfers for 15 months (with a 2% BT fee). Plus 0% foreign fees and complimentary overseas travel insurance.

Showing 11 of 11 results

Find some of the terms in this table confusing? We get it. Jump down to our glossary to learn about key features and how to compare cards.

My biggest tip for comparing credit cards is to decide what's most important to you at the beginning. Is it a low interest rate? Low annual fee? Big bonus points offer? Maybe a balance transfer deal? For instance, I pay my balance in full each month and never pay interest, so I ignore the interest rates and don’t look at balance transfer offers. Knowing exactly what you want from your card helps you effectively compare and find the right card for you.

Sarah Megginson
Finance expert and head of editorial at Finder

What types of credit cards are there?

Every credit card is slightly different and you should find one that has features that matter to you. There are 5 primary types of credit cards. Here is a quick explanation of each one. Below, we go into more detail and highlight our current top picks.

Card type	Principal use	Pros	Cons
Balance transfer	Pay off existing debt with no / low interest	Save money on interest and pay down debt faster	Minimal perks and no interest-free days on new purchases
Rewards / frequent flyer	Earn points for your spending	Get rewarded for money you’d spend anyway	High interest rates & annual fees
No annual fee	Credit without an upfront cost	Costs nothing if you pay it off in full or don’t use it at all	Minimal perks and higher interest rates
Low rate	Pay off purchases over time while paying less interest	Saves you money if you carry a balance from month to month	Minimal perks
Business	Managing cash flow and separating spending	Offer distinct features for business (like accounting feeds)	Stricter eligibility requirements

What is a credit card?

A credit card lets you spend money that you can pay back over time, usually with interest.

Unlike a debit card – where you need money in the bank – a credit card gives you a set amount you can spend (or borrow), known as your credit limit. You also get regular statements (usually monthly) and need to make repayments by the due date on them.

Want more details? Check out Finder’s guide to how credit cards work.

Pros & cons of credit cards

Pros

Flexibility. If you have a big purchase to make, a credit card can be a financial "buffer" – letting you buy it and then repay it over time. If it’s used wisely, it can be interest free.
Convenience. Credit cards allow you to buy what you need, when you need it. You can use them to shop in-store, online and overseas, with security features to protect against fraud.
Rewards. Everyone loves perks. A credit card can help you get frequent flyer points, cashback on your groceries, flight upgrades or even gift cards.

Cons

Debt. Credit card interest adds up quickly if you don't pay your balance on time, which could cost you hundreds (or thousands) of dollars and take a long time to pay back.
Can be expensive. The average interest rate for an Australian credit card is around 20%. In comparison, the average interest rate for a variable rate personal loan is 14.41%.
Sneaky fees and surcharges. Some businesses add a surcharge to credit card payments, which can be 1–2% of the total purchase cost.

Bottom line? Credit cards have a mix of great perks and understandable risks. A good rule of thumb (if you get a card) is to have a plan for paying it off and using the benefits.

What's happening in credit cards in July 2023?

Cost of living pressures continue, with the latest data from the Australian Bureau of Statistics showing a 5.4% increase in the monthly Consumer Price Index Indicator – including a 10.2% increase in electricity costs and a 7% increase on food costs.

Finder's latest analysis has revealed that Aussies owe a huge $18.6 billion on their plastic, with over half (54%) saying they have a credit card. The survey of 1,079 respondents found that the average Australian has $20,238 in debt spread across their loans and credit cards, not including home loans.

Plenty of people are also looking at overseas holidays. Redeeming points can help you save on flights or other costs. Right now, you could get over 100,000 bonus Velocity or Qantas Points – and up to 200,000 credit card reward points – with some of the current rewards and frequent flyer bonus points offers.

If you're among those with credit card debt and are looking to pay it down, you might consider moving your debt to a 0% balance transfer credit card, with some of the current offers on the market lasting for up to 36 months.

Updated by Elizabeth Barry on 26 July 2023.

How to compare credit cards

Here's a breakdown of features and charges you should know about.

Fee or feature	What is it?	What you should know
Annual fee	The amount you'll have to pay each year just to use the card.	Higher annual fees usually mean more perks and rewards.
Purchase interest rate	The amount of interest you'll pay if you don’t pay your card off in full.	The lower the interest rate, the less you’ll pay in potential interest.
p.a.	This abbreviation of “per annum” is used for credit card interest rates, because the annual (or yearly) value is shown.	As an example, the interest you’d be charged over 12 months would be about 20% of your balance on a credit card with a 20% p.a. interest rate.
Interest-free period	The amount of time you'll get before you're charged interest on your purchases.	More days give you more time to pay off your balance so you won’t be charged interest.
Balance transfer rate	The interest rate you’ll pay if you transfer a balance from another card.	The lower the interest rate, the better. Most introductory offers are for 0% p.a. on your balance, but you may pay a one-time fee.
Cash advance rate	The higher interest rate you’ll pay if you take cash out or make an equivalent transaction.	Avoid cash advances unless it's an emergency.
Foreign transaction fee	The fee you'll be charged on purchases made in a foreign currency overseas or online.	There are plenty of cards on the market with 0% foreign fees.
Rewards program	Offers points and perks that you can earn for your spending.	Common features include points, insurance, lounge passes and premium services.
Minimum repayment	The lowest amount you need to pay by the due date to keep your account in good standing.	You can always (and should try to) pay more than the minimum amount. But paying less can lead to late payment fees and hurt your credit score.

Should I get a credit card?

For many Australians, using a credit card is an everyday part of life. But not everyone needs a credit card.

In fact, Finder research has found that 72% of Australians could manage their money without a credit card. So they don't technically need a card but still choose have one for different reasons, including:

For emergencies
To earn rewards or frequent flyer points (which are not offered by most other accounts)
To make big purchases
To build credit history
To pay off debt and/or get a balance transfer

Some people also like the security of knowing that a credit card uses the bank's money, especially when it comes to fraud. It means you're not directly out-of-pocket when suspicious transactions are investigated.

On the other hand, you don’t want to take on debt you don't need, especially if you're paying interest on it.

There are also some people who might be more susceptible to credit card debt. For example, people who tend to impulse shop could end up with a big balance and interest charges, which can take years to pay off.

Bottom line? You should weigh up the pros and cons of getting a credit card based on what you would use it for and how you'd pay it off. That way, you can decide if it's worth it for you – and see if there's a card you want.

Did you know? 2022 Finder research shows credit card loyalty could cost the average cardholder $153 a year. It pays to compare, and to switch when you find a better offer.

How to use a credit card (and avoid debt)

A credit card is convenient, but it also comes with a risk of debt. Here are 4 tips to help you stay on top of payments and make the most of your credit card.

Ask for a credit limit you can manage. Credit card companies must determine your limit based on what you could "reasonably" afford to pay off over 3 years. But if the credit limit you're offered is higher than what you need, you can request a lower limit so you have more control.
Pay more than the minimum. Only paying the minimum amount listed on your credit card statement can lead to years of debt and interest charges. So, aim to pay off the total balance – or as much as possible – by the statement's due date.
Plan repayments. Set a monthly calendar reminder for the payment due date, or set up automated payments. Finder's credit card repayment calculator can also help you budget.
Get help if you need it. If you’re struggling with your credit card, call your bank or provider to see what support is available. You can also get free financial advice by calling the National Debt Helpline on 1800 007 007.

Have questions about credit cards? We have answers

You need to be over the age of 18 and meet the eligibility requirements, which include income details, identification, Australian residency status and credit history. If you're looking at a card with more perks and features, there will typically be stricter requirements than more basic cards. When you're applying, you also need to include details about your income, assets, expenses and liabilities.
If you want to check your credit score before applying, you can do it for free on Finder or via the app. You'll get your Experian credit report, credit score and monthly updates. Find out more here.
Applying, getting approved or being rejected for a credit card affects your credit score. Each time you apply, it’s recorded on your credit file. Your score may go down if you have a few applications in a short period of time. If you miss repayments, it could also lower your score. But regular payments and responsible use of a credit card can raise your credit score. It's all in how you use the card.
The discussion around credit cards vs Afterpay has been going on for years, but both cards and buy now pay later (BNPL) services have different features. Here's a basic breakdown:
- Credit cards: You can use a credit card almost everywhere: shops, cafes, online. They just need to accept the type of card you have (Amex, Mastercard, Visa). If you don't pay off your balance in full each month, you'll be charged interest. When you apply, the bank will check your credit score to decide what limit to give you.
- Buy now pay later: Most BNPL services let you buy items from partnered stores, then pay them off in fixed instalments over a few weeks or months. They don't typically charge interest but may have other fees, especially for late payments. Your credit history isn't usually checked when you apply and your limit will increase with responsible use.
The easiest way to apply for a new credit card is online. Click the "Apply" button, agree to some standard terms and conditions and go through a few pages of a form. The whole process takes about 15 minutes and you’ll answer basic questions about your address, job, living costs and other credit products (if you have any). You'll be asked to submit some documents to prove your identity and address as well. Your driver's licence, passport or Medicare card, plus a recent payslip, will do the job.
Credit Card Finder® is a free, Australian-owned service that you can use to compare credit card offers from banks, credit unions and other financial institutions. We've been around since 2006 and keep a database of virtually every credit card on the market in Australia. You can compare cards by bank or brand, read credit card reviews and check out the latest introductory offers. You can use Finder's guides and tables to inform your decision and find the best credit card for you.
When you do find a credit card that you want to apply for, just click the "Go to site" button in the table or review. This takes you to the official application page where you can read the full terms and conditions before starting a secure online application with the bank or lender. This also means that Finder doesn't collect your personal details or information during the application process.

Why you can trust Finder's credit card experts

We're free

Our comparison tables are completely free to use. We link you directly to the lender's secure application page. Better still, we regularly have exclusive offers that you won't find on any other site.

We're experts

We've researched and rated hundreds of cards as part of our Finder Awards. We've published 200+ guides and our in-house experts regularly appear on Sunrise, 7News and SBS News.

We're independent

Unlike other comparison sites, we're not owned by a bank or lender. That means our opinions are our own and you can compare nearly every credit card in Australia on Finder.

Amy Bradney-George

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Amy Bradney-George is the senior writer for credit cards at Finder, and acting editor for Finder X and Finder Green. She has over 14 years’ experience as a journalist, with a particular focus on personal finance, and has been featured in publications including ABC News, Money Magazine and The Sydney Morning Herald.

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89 Responses

JimboJuly 6, 2023

The address on my driver’s licence is different to the address where I’m staying. Will that mean my credit card application will be rejected?

finder Customer Care

ElizabethJuly 13, 2023Staff

Hi Jimbo,

Thanks for your question.

Banks and credit card companies ask for certain documents like your driver’s licence to be able to verify your identity (a process known as KYC, or Know Your Customer). As long as your driver’s licence matches up with the other documents you provide on your application you will be able to be verified.

I hope this helps,

Elizabeth

martinMay 19, 2023

I have been in Australia since 2002, I have permanent residency, although I pay my taxes to the ATO, my 3 sources of income are all from the UK. I have applied for credit cards recently – I supply my ATO notice of assessment showing a taxable income of over $69K, I have supplied them with 3 yearsworth of bank statements, but I don’t think they’re geared up to deal with customers whose income is from overseas. Are there any financial institutions who would look upon me kindly?

finder Customer Care

AmyMay 23, 2023Staff

Hi Martin,
Thanks for getting in touch. It sounds like you’ve already done a lot of research on credit card eligibility requirements in Australia. Please be aware that we can only provide general information, not personal advice based on your unique circumstances. If you have history with an Australian bank (i.e. through transaction and savings accounts), you could discuss credit card options with them to see what’s possible.

While not specific to your situation, these guides may also be of assistance:

I hope that helps.

AndrewApril 28, 2023

Looking to activate a CommBank Ultimate Awards Card with Qantas Points. The terms stipulate that I have to be a new cardholder… “To be eligible for any bonus points, you must apply as a new cardholder. This means you cannot hold or have held any Awards card types in the last 12 months.”
Q1: I am currently a Qantas Premier Platinum Cardholder – does this preclude me from applying for the new card and getting bonus awards?
Q2: If the answer to Q1 is that I cannot apply for the new card, my wife is an additional cardholder on my Platinum card mentioned in Q1. Is she is disqualified from applying for the new Ultimate Awards card too?
Thank you, Andrew

finder Customer Care

AmyMay 4, 2023Staff

Hi Andrew,
Thanks for your questions. The offer terms you have mentioned only apply to other CommBank Awards credit cards. As the Qantas Premier Platinum Credit Card is from Qantas Money, it doesn’t preclude you (or your wife) from applying and getting bonus points, providing you meet the other requirements. I hope that helps.

KoreyApril 13, 2023

Hi there,
What are the banks that offer credit cards where you only need $20,000 annual income?
Regards,
Korey.

finder Customer Care

AmyApril 14, 2023Staff

Hi Korey,
You can compare credit cards with income requirements from $15,000 to $30,000 on Finder. Just keep in mind that there are other credit card eligibility requirements to meet, which we’ve also outlined in that guide. I hope that helps.

HectorMarch 28, 2023

How can I find some statements from June 2022 ? Thanks

finder Customer Care

AmyMarch 31, 2023Staff

Hi Hector,
You can typically view old statements through your Internet or mobile banking services. Otherwise, call your credit card provider so they can help you find the statements. I hope that helps.

Credit card comparison made easy

Compare credit cards with bonus points, balance transfers, low rates and more from our database of 82 Australian providers.

Start your credit card comparison here

Cards from

What types of credit cards are there?

What is a credit card?

Pros & cons of credit cards

Pros

Cons

What's happening in credit cards in July 2023?

How to compare credit cards

Should I get a credit card?

How to use a credit card (and avoid debt)

Have questions about credit cards? We have answers

Why you can trust Finder's credit card experts

We're free

We're experts

We're independent

We're here to help

Sources

Amy Bradney-George

Read more on this topic

Ask an Expert

89 Responses

Credit card comparison made easy

Compare credit cards with bonus points, balance transfers, low rates and more from our database of 82 Australian providers.

Start your credit card comparison here

Cards from

What types of credit cards are there?

What is a credit card?

Pros & cons of credit cards

Pros

Cons

What's happening in credit cards in July 2023?

How to compare credit cards

Should I get a credit card?

How to use a credit card (and avoid debt)

Have questions about credit cards? We have answers

What do I need to get a credit card?

What will getting a credit card do to my credit score?

Can I get a credit card if I have a bad credit history?

How do credit cards compare to Afterpay and other buy now pay later services?

How do I actually apply for a credit card?

What is Credit Card Finder® and how can I use it?

Why you can trust Finder's credit card experts

We're free

We're experts

We're independent

We're here to help

Sources

Amy Bradney-George

Read more on this topic

Ask an Expert

89 Responses

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