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Top 10 credit cards in Australia – Updated March 2020

*Disclaimer: Citi credit card product names have changed effective 20 Jan 2020 as following: Citi Clear Platinum is now Citi Clear; Citi Rewards Platinum is now Citi Rewards; Citi Signature is now referred to as Citi Premier; Citi Signature Qantas now known as Citi Premier Qantas.

Sometimes, when you’re looking for the best credit cards on offer, you can get tied up with all the different types, perks, interest rates and annual fees and end up confused. Don’t be. The best credit card is the one that suits your way of spending and managing money and InfoChoice some great cards for all types of spenders.

Do you pay off your balance each month? Do you use your credit card as a revolving line of credit with a balance that attracts interest? Do you want to earn points and travel overseas?

The best credit cards in Australia have low rates, low or no annual fees, Qantas points or Velocity frequent Flyer points and reasonable rules, interest-free periods and rates.

You might simply be looking for the cheapest credit card in Australia for your way of spending.

Before choosing the best credit card for you, check out these handy guides:

Credit Card Comparison

Best Credit Cards 2019

How do credit cards work?

Cheapest Credit Cards in Australia

Your guide to low-rate credit cards

How to find the best credit card for students?

How to earn QFF points quickly?

Your InfoChoice guide to the Velocity Frequent Flyer program

InfoChoice’s TOP TEN credit card deals for March 2020.

Whatever you want from a credit card, InfoChoice has you covered. We have been comparing and researching credit cards since 1993.

You can compare the cards we have selected below with other top credit cards at InfoChoice:

Top Qantas Frequent Flyer credit card

One of the best Qantas Frequent Flyer linked credit cards now on InfoChoice is the Qantas American Express Ultimate credit card. This card is offering 100,000 bonus Qantas Points when you apply online by 14 April 2020 (are approved) and spend at least $3,000 on your new card within 3 months (Ts & Cs apply and this offer is just for new Amex customers).

Go directly to American Express interest rates and fees information at InfoChoice.

Top Velocity Frequent Flyer credit card

One of InfoChoice’s best Velocity Frequent Flyer credit cards is the Virgin Australia Velocity Flyer card. This card comes with a 20.74 per cent pa interest rate and up to 44 days interest free. There’s a $129 annual fee and an introductory interest–free period of 14 months.

The Virgin velocity Flyer has an ongoing annual fee discount (Ts and Cs) and the opportunity to earn 30,000 bonus Velocity Points if a spending target is reached in the first three months. (other terms and conditions may apply)

Go directly to Virgin Money credit card interest rate and fees information at InfoChoice.

Top Low-Rate credit card

One of InfoChoice’s best low-rate credit cards in March 2020 is the Bankwest Breeze Mastercard credit card with a purchase interest rate of 12.99% pa, up to 55 days interest-free and an annual fee of $99 (discounted to $49 in first year).

Go directly to Bankwest credit card interest rate and fees information at InfoChoice.

Top No Annual Fee credit card

One of the best No Annual Fee credit cards now featured on InfoChoice is the Virgin Money No Annual Fee Visa credit card with a purchase interest rate of 18.99% pa, up to 55 days interest-free and a balance transfer rate of 0% p.a. for 12 months (reverts to cash advance rate, currently 20.99% pa).

Go directly to Virgin Money credit card interest rate and fees information at InfoChoice.

Top Platinum credit card

One of InfoChoice’s best platinum credit cards is the NAB Low Fee Platinum Visa credit card with a purchase interest rate of 19.74% pa, up to 44 days interest-free and an annual fee of $99. There’s a platinum 24/7 concierge service and seven complimentary insurances.

Go directly to National Australia Bank credit card interest rate and fees information at InfoChoice.

Top credit card for travellers

One of InfoChoice’s best credit cards for travellers is the 28 Degrees Platinum Mastercard card. Cardholders get a 21.99 per cent pa interest rate and up to 55 days of zero interest on new purchases. There’s no annual fee and, best of all for regular travellers, no foreign transaction fees on purchases.

It’s a card designed for travellers, as it also features complimentary flight delay passes, a concierge service and global WiFi access. (other terms and conditions may apply).

Go directly to Latitude credit card interest rates and fees information at InfoChoice.

Top balance transfer credit card

The annual fee for the Virgin Australia Velocity Flyer card is $50 and cardholders get a 20.74 per cent pa interest rate, up to 44 days of no interest on new purchases and an interest–free introductory period of 18 months for balance transfers.

Cardholders can also earn up to 20,000 bonus Virgin Velocity points, as well as take advantage of an 18-month balance transfer offer (other terms and conditions may apply).

Go directly to Virgin Money credit card interest rate and fees information at InfoChoice.

Top Business credit card

One of InfoChoice’s best credit cards for business is the NAB Rewards Business Signature Visa credit card with a purchase interest rate of 18.50% pa, up to 44 days interest-free and an annual fee of $175. This card is offering 00,000 Bonus Points when you spend $4,000 on everyday business purchases within 60 days.

Go directly to National Australia Bank credit card interest rate and fees information at InfoChoice.

Top American Express credit card deal, March 2020

The American Express Explorer credit card is offering 50,000 bonus reward points when you apply online. There are plenty of benefits with this card that has an annual fee of $395, 20.74% pa on purchases and up to 55 days interest free.

Go directly to American Express interest rates and fees information at InfoChoice.

The cheapest credit card in Australia (on InfoChoice*)

Among the cheapest credit cards in Australia now listed on InfoChoice (as calculated by our InfoChoice researchers) is the Community First Credit Union McGrath Pink Visa credit card.

The McGrath Pink Visa annual fee is $40, the purchase and cash advance interest rate is 8.99 per cent pa, with up to 55 days interest free (on purchases) and a credit limit from $1,000 to $15,000.

Go directly to Community First credit card interest rate and fees information at InfoChoice.

Compare these credit cards with other credit cards from Australia’s banks, credit unions and other credit card issuers at InfoChoice.


*The products compared in this article are chosen from a range of offers available to us and are not representative of all the products available in the market and influenced by a range of factors including interest rates, product costs and commercial and sponsorship arrangements

InfoChoice compares financial products from 145 banks, credit unions and other financial institutions in Australia. InfoChoice does not compare every product in the market. Some institutions may have a commercial partnership with InfoChoice. Rates are provided by partners and taken from financial institutions websites. We believe all information to be accurate on the date published. InfoChoice strives to update and keep information as accurate as possible.

The information contained on this web site is general in nature and does not take into account your personal situation. Do not interpret the listing order as an endorsement or recommendation from us. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. If you or someone you know is in financial stress, contact the National Debt Helpline on 1800 007 007.

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