Featured credit card offer.
Get 100,000 Bonus Citi Reward Points
On Citi's website
This product is provided by National Australia Bank Limited, using certain trademarks under license from Citigroup Inc.
Highlights
- Receive 100,000 bonus Citi reward Points after spending $5,000 on eligible purchases within the initial 3 months days from approval. Terms and Conditions apply.
- The initial year presents a discounted annual fee of $99 ($199 p.a. thereafter).
- Comes with complimentary mobile phone insurance. See Terms and Conditions here.
Pros
Cons
Turn everyday spend into points.
Frequent flyer credit cards
On Qantas Money's website
Highlights
- Get up to 100,000 bonus Qantas Points. Get 70,000 bonus Qantas Points upon spending $3,000 or more on eligible purchases within 3 months from card approval. Plus, an extra 30,000 bonus points if you haven't earned Qantas Points with a credit card in the past 12 months. Terms and Conditions apply.
- Benefit from 0% on Balance Transfer for 12 months with a 2% Balance Transfer fee. Returns to Cash Advance rate thereafter. No interest-free days are applicable on retail purchases with an outstanding balance transfer.
- Benefit from the reduced annual fee of $349 p.a. for the initial year. An ongoing annual fee of $399 p.a. is applicable in the 2nd year.
Pros
Cons
On BankVic's website
Highlights
- 8.99% p.a. for 6 months on purchases and balance. Reverts to 18.95% p.a. after the promotional period.
- Experience $0 p.a. annual fee.
- Comes with complimentary Qantas Frequent Flyer membership
- Includes complimentary overseas travel insurance.
Pros
Cons
Transfer debt to a 0% credit card.
0% balance transfer cards
On Citi's website
This product is provided by National Australia Bank Limited, using certain trademarks under license from Citigroup Inc.
Highlights
- Benefit from 0% p.a. for 24 months on Balance Transfers (with a 1.5% Balance Transfer fee). The rate reverts to the cash advance rate.
- Get a discounted first-year annual fee of $49 ($99 p.a. thereafter)
- Enjoy a low ongoing variable purchase rate of 14.99% p.a.
- Access to complimentary insurances including Extended Warranty Insurance and Purchase Protection Insurance. See Terms and Conditions here.
Pros
Cons
On Citi's website
This product is provided by National Australia Bank Limited, using certain trademarks under license from Citigroup Inc.
Highlights
- 0% p.a. for 15 months on purchases and balance transfers. Balance transfer reverts to cash advance rate.
- Complimentary mobile phone insurance when you pay your monthly mobile plan bill with your Citi Rewards Credit Card . See Terms and Conditions here.
- Earn up to 1 Citi reward point for every $1 spent.
Pros
Cons
On Bankwest's website
Highlights
- Experience 0% p.a. interest on balance transfers for 12 months (with a 2% BT fee, then 12.99% p.a.).
- 0% p.a. for 12 months on purchases (reverting to 12.99% p.a.).
- Benefit from up to 55 interest-free days.
- Offer exclusively for new customers within a specified period. Additional charges, along with terms and conditions, apply.
Pros
Cons
Get a card with no annual fee.
No annual fee cards
On Coles' website
Highlights
- Enjoy 10,000 Flybuys bonus points when you spend $3,000 on eligible purchases within 3 months from card approval.
- No annual fee.
- Earn 1 Flybuys point per $2 spent on qualifying purchases.
Pros
Cons
On Westpac's website
Highlights
- Get up to $350 cashback when you apply online by 30 November 2024. Receive a $50 cashback monthly for spending over $1,000 in the first 7 statement periods.
- Enjoy a low ongoing 13.74% p.a. interest rate on purchases.
- Annual fee of $59 p.a. applies.
Pros
Cons
On St.George's website
Highlights
- No annual fee requirement for the duration of card ownership.
- Experience up to 55 days interest-free on purchases.
- Benefit from a low minimum credit limit.
Pros
Cons
On ANZ's website
Highlights
- Enjoy 0% p.a. for 28 months on balance transfers with a 3% balance transfer fee (then reverts to 21.99% p.a.) Terms and Conditions apply.
- First-year annual fee waived ($58 subsequently).
- Continuous low rate of 13.74% p.a. on purchases.
- Enjoy up to 55 days interest-free on purchases by settling your account completely each month.
Pros
Cons
On Bankwest's website
Highlights
- Avoid annual fees for the duration of card ownership.
- 0% p.a. for 28 months on transferred balances (with a 3% balance transfer fee). Returns to 14.99% p.a. thereafter.
- Enjoy up to 55 days interest-free on purchases.
- Offer exclusive to new customers for a limited time. Additional fees and charges, as well as terms and conditions, apply.
Pros
Cons
Maximise rewards and savings for your business expenses.
Business credit cards
Highlights
- Get 350,000 bonus Membership Rewards points by applying before 5 November 2024, getting approved, and spending $12,000 on your card within the initial 3 months. Exclusive to New American Express Card Members.
- Earn up to 2.25 pts per $1 spent.
- Enjoy exclusive Platinum travel, experience, and dining privileges.
Pros
Cons
Highlights
- Get 130,000 bonus Qantas Points with the American Express Qantas Business Rewards Card when applying by 14 January 2025, getting approved, and spending at least $3,000 within 2 months of approval. Exclusive to new American Express Card Members.
- Earn 2 Qantas Points per $1 spent on Qantas products and services, up to 1.25 points per $1 spent on everyday spend, and 0.5 Qantas Points per $1 spent on government spend, utilities, and insurance.
- Once a total of 500,000 Qantas Points is earned in a calendar year, the everyday business earn rate will change from 1.25 to 0.75 Qantas Points per $1 spent. *For Card Members who applied for the Card between July 1, 2023, and January 9, 2024, this change will take effect from July 10, 2024.
Pros
Cons
Highlights
- Earn 50,000 Bonus Membership Rewards Points when you apply online, are approved, and spend at least $3,000 within 3 months of approval. Exclusive to new American Express Card Members.
- Benefit from two Centurion Lounge passes per year at Sydney and Melbourne airports.
- Receive Complimentary Travel Insurance when paying for your return trip with your Card.
Pros
Cons
Helping Australians compare credit cards since 2008
1. Compare
Our well-established partnerships with providers allow us to offer you excellent value through a wide selection of deals and cards.*
2. Choose
Review offers, compare credit cards, and options from our selection of card issuers* and narrow down your choices based on your needs.
3. Save
Compare our range of issuers and card types* to determine if you can find a more suitable card.
Credit card comparison made simple
David Boyd, co-founder of Credit Card Compare, explains, "With hundreds of credit cards on the market offering a dizzying array of rates, fees and features, finding the right product for your spending habits and financial situation is challenging. Here at Credit Card Compare, we want to make it easier to cut through these complexities and provide Aussie consumers and businesses with a credit card comparison service to find their next credit card.”
What is a credit card?
A credit card represents a banking instrument that offers a pre-approved credit limit by a financial institution, enabling expenditures and bill payments. Issuers typically provide it in dual formats: a tangible card for physical transaction needs and a virtual version for seamless online usage. The issuer can make an instant approval credit card decision within 60 seconds.
How credit cards work
Credit cards work on a principle of borrowed financial capacity from a bank. A credit card facilitates the acquisition of goods and services like fuel, foodstuff, and utility settlements, positioning itself as a viable substitute to direct cash or savings through a bank card.
Credit cards are issued with specific spending caps, tailored by individual eligibility and vary across different offers and financial entities. Borrowers must settle expended credits, with accruing interest applied to any residual amount monthly.
What's the best credit card type for you?
Banks and alternative financial institutions in Australia offer numerous credit card types. Here are the types of credit card available.
How to manage a credit card responsibly
One of the main problems with credit cards is that it's possible to get into debt that's hard to get out of without concerted effort, but there are practical steps to avoid this and use a credit card responsibly.
- Pay in full: Whenever possible, make payments in full each cycle before interest accrues. Consider lower-limit cards to encourage manageable spending.
- Avoid compounding debt: Start with reasonable initial limits. Temporarily switching to debit transactions can provide a needed spending reset.
- Seek help if needed: Reputable charities like the National Debt Helpline offer anonymous assistance in creating workable budgets and discussing card obligations.
- Talk with your lender: Issuers may permit structured payment plans allowing large yet navigable debt to be repaid over a more appropriate timeframe. It's best to contact them early.
Expert's opinion on whether a credit card is worth it
Andrew Boyd, co-founder of Credit Card Compare, explains, "Don't rush into it if you are unsure whether you need a credit card. Take time before making an informed decision."
"Credit cards require financial diligence but, when managed responsibly, can unlock useful benefits from rewards points to consumer protections. However, borrowing beyond your means can risk credit rating damage and spiralling debt." Before deciding, here are some questions to ask yourself.