Top 10 credit cards in Australia
*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 even after an hour on your favourite credit card comparison site.
Thankfully, there are some kind souls out there who understand this and who are happy to compile a list of some of the best credit cards in Australia for you. All you have to do is pick one and apply.
Of course the best credit card for you may be different from the best credit card for someone else.
[Related Reading: How do credit cards work?]
There is not one best credit card for everybody. So make sure you know what you need in a credit card when you're comparing the great deals on offer now.
To cut to the chase, here are InfoChoice’s ten great credit card deals for the month of August 2019.
The Virgin Australia Velocity Flyer Card Annual Fee Offer
The Virgin Australia Velocity Flyer 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.
Users will also benefit from an ongoing annual fee discount to keep this cost down, as well as bonus points. There’s also 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)
The Qantas Premier Platinum Card
With this card you get an attractive interest rate of 19.99 per cent and up to 55 days free of interest on purchases. The introductory interest–free period lasts for 18 months and the annual fee for the first year is $199 ($299 a year thereafter).
Card users also get the chance to earn up to 120,000 bonus Qantas Points (at a rate of 20,000 per month) if they spend $1,500 or more each month for the first six months. This card also offers holders complimentary travel lounge passes. (other terms and conditions may apply)
HSBC Platinum Credit Card with its Balance Transfer Offer
Like the Qantas Premier Platinum Card, the HSBC Platinum Credit Card has an interest rate of 19.99 per cent pa and up to 55 days of no interest on new purchases.
The introductory interest – free period, however, is zero per cent interest for 22 months and the annual fee is $129. You can take advantage of an annual fee refund offer if you meet the criteria, as well as balance transfer offers, airport lounge passes and complimentary insurance cover. (other terms and conditions may apply)
The Citi Clear Platinum Credit Card
The Citi Clear Platinum credit card has an especially low interest rate of 12.99 per cent pa and up to 55 days of no interest on new purchases. The first year carries no annual fee and the annual fee is $99 pa thereafter.
The interest–free period is only 14 months, but the low revert rate is certainly a draw, considering the fact it’s a platinum card. Cardholders can also make use of a long–term balance transfer offer, as well as insurance cover and Citibank Dining Programme perks. (other terms and conditions may apply)
The 28 Degrees Platinum Mastercard
With the 28 Degrees Platinum Mastercard card, holders 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)
The Virgin Australia Velocity Flyer Card with Bonus Points Offer
Cardholders get a 20.74 per cent pa interest rate and up to 44 days of no interest on new purchases. The interest–free introductory period is 18 months.
The annual fee for the Virgin Australia Velocity Flyer card is $50.
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)
The St.George Vertigo Classic
The St. George Vertigo Classic card offers holders an attractive interest rate of 13.74 per cent pa after the introductory period of 14 months ends. The interest – free period for balance transfers is six months, and there’s no annual fee for the first year ($55 thereafter).
This is a useful card for anyone who’s new to using a credit card and who might not be able to clear their balance every month. (other terms and conditions may apply)
The Westpac Low Rate Card
Another basic credit card, with a 13.74 per cent interest rate and up to 55 days of no interest on new purchases. The annual fee is a very competitive $59 and the interest–free introductory period is 16 months.
For customers looking for a good balance transfer deal, This Westpac Low Rate card also offers a zero per cent interest balance transfer option for 16 months. (other terms and conditions may apply)
The HSBC Platinum Credit Card
Cardholders get zero per cent interest for 12 months and then this card reverts to 19.99 per cent. There’s also zero interest for up to 55 days on new purchases and an annual fee of $129.
If you’re comparing credit cards with extra perks then this card can offer you zero per cent on balance transfers, as well as no balance transfer fee. You’ll also get your annual fee refunded if you spend $6,000 within 12 months and two complimentary lounge passes each year. (other terms and conditions may apply)
The St.George Amplify Platinum with Qantas
The St. George Amplify Platinum with Qantas credit card offers holders a 19.49 per cent interest rate and a zero per cent introductory rate for six months. There’s also up to 55 days of no interest on new purchases and a $99 annual fee.
If you spend $2,000 within 90 days, you could also earn 60,000 Qantas Points and there’s also 0.5 Qantas Points per dollar spent. (other terms and conditions may apply)
The information contained on this web site is general in nature and does not take into account your personal situation. 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.