If you have been searching for cheap credit cards in Australia, you can compare low rate and no-annual fee credit cards from Australia’s banks, credit unions and other credit card issuers at InfoChoice's Credit Card Comparison page. On the InfoChoice platform, if you are searching for a card that will give you rewards, QFF points, Velocity points, complementary insurances, concierge service or other features, you may prefer to compare cashback & rewards cards or platinum & gold level credit cards. Cheap credit cards in Australia are known to have low purchase interest rates, reasonable interest-free period, no monthly fees and no annual fee. This makes a credit card potentially free or very cheap, when used as directed. Related Reading: – Who has the lowest credit card rates– Australia's cheapest credit cards Low Interest rate or low annual fee? When searching for a cheap credit card, most consumers don’t know which item should be of more concern, the interest on the card, or the fees. The answer depends on how you are going to use the card. If you only want a credit card for the security of knowing you have it, and you don’t plan to use it very often, the interest rate may not concern you. You won’t be paying much interest because you won’t be using it very often. If this is you, you may want to compare credit cards with no annual fee. If you plan on using your card quite a bit, you should be more concerned with the interest rate. You will be making purchases and hopefully paying them off by the end of the month. If you don’t pay them all off, you may be paying interest so you may like to compare credit cards with a low rate. Great credit cards with No Annual Fee Have you compared the following credit cards with no annual fee? The Virgin Money No Annual Fee Visa credit card has a purchase interest rate of 18.99 per cent pa, a cash advance rate of 20.99 per cent pa and up to 44 days interest-free. There is no annual fee on this card and a balance transfer deal offering a rate of 6.90 per cent pa for 36 months on balances transferred from other institutions. The frank Mastercard credit card from ME has a purchase interest rate of 11.99 per cent pa with up to 55 days interest free. This card also has a low cash advance rate – the same as the purchase interest rate. Frank also has no overseas ATM withdrawal fees. Bank Australia’s Visa credit card has a purchase rate and a cash advance rate of 12.39 per cent pa with up to 55 days interest free and no annual fee. Great low rate credit cards Have you compared the following low rate credit cards? The McGrath Pink Visa Credit Card The Community First Credit Union McGrath Pink Visa credit card has one of Australia’s lowest credit card purchase rates at 8.99 per cent pa, an annual fee of $40 and up to 55 days interest-free. The McGrath Visa supports breast cancer charities. Latitude Low Rate Mastercard credit card The Latitude Low Rate Mastercard credit card has a purchase rate of 9.89 per cent pa, up to 55 days interest-free, annual fee of $69 and cash advance rate of 18.89 per cent pa. Virgin Money Low Rate Visa credit card The Virgin Money Low Rate Visa credit card has a purchase interest rate of 11.99 per cent pa, up to 44 days interest-free, an annual fee of $49 and cash advance rate of 21.69 per cent pa. *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 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.