Credit Card Australia
If you’re looking for a credit card in Australia, you’ll want to check out one of the best banks first. There are many different banks that offer credit cards, but not all of them are created equal. Some banks have better interest rates, others have more rewards programs, and still others have more attractive sign-up bonuses. So, which bank is the best for getting a credit card Australia? We’ve compiled a list of the 6 best banks to get credit cards in Australia!
1) Bendigo Bank Low Rate Credit Card
| Key Service | 0.00% p.a. Purchase rate |
| Address | The Bendigo Centre, Bendigo VIC 3550, Australia |
| Website | https://www.bendigobank.com.au/personal/credit-cards/ |
| Phone | 1300 236 344 |
| NIL | |
| Operating Hour | Monday to Friday – 8am to 9pm |
The Low Rate Credit Card from Bendigo has an introductory rate of 0% for the first 18 months, which then falls to a low 11.99% p.a. purchase rate after that. Cardholders have up to 55 interest-free days on purchases, and there is no penalty for early payment. There’s a low $45 annual fee to consider, as well as a $15 late charge if you miss a payment. This offer is subject to change or cancellation at any time, and it is only available on the Low Rate Credit Card.
Key Differentiators:
- 0.00% p.a. Purchase rate
- 0.00% p.a. Balance transfer
- Up to 55 days interest free
2) Bank SA No Annual Fee
| Key Service | Fraud Money Bank Guarantee |
| Address | Locations |
| Website | https://www.banksa.com.au/personal/credit-cards/no-annual-fee |
| Phone | 1800 804 411 |
| NIL | |
| Operating Hour | Monday to Friday 7:30am – 5:30pm |
The Bank of South Australia’s No Annual Fee card comes with a variety of helpful features, such as a 0% p.a. purchasing rate for 12 months and up to 55 interest-free days. However, be aware that the interest rate will increase to 20.74% pa after the first year.. The card also has a $15 late charge if you fall behind on your payments. With its Plan & Pay installment plan, Bank SA makes paying off your debt easy.
Key Differentiators:
- Receive up to 55 days interest free
- Fraud Money Bank Guarantee
- $500 minimum credit limit
3) Great Southern Bank Low Rate Credit Card
| Key Service | Low competitive rate |
| Address | Locations |
| Website | https://www.greatsouthernbank.com.au/bank-and-save/credit-cards |
| Phone | 1300 705 750 |
| NIL | |
| Operating Hour | Mon – Fri: 8:00am – 8:00pm |
The Great Southern Bank Low Rate Credit Card has a 0% p.a balance transfer for 33 months, which might be beneficial to anybody seeking to pay off an old debt. Consider whether you’ll have to pay more interest than the cash advance rate of 21.74 percent p.a., which begins after 28 months and resets to 21.74 percent if you ever still owe money on your card after that time. The card offers a great rate of return with a competitive purchase rate of just 13.99 percent p.a. Furthermore, you’ll have plenty of time to make your payments because the card has a favorable interest free period of 55 days.
Key Differentiators:
- $0 annual fee in first year ($49 thereafter)5
- Low competitive rate
- Minimum credit limit $500
4) Bank of Melbourne Vertigo
| Key Service | 13.99% p.a. |
| Address | Locations |
| Website | https://www.bankofmelbourne.com.au/personal/credit-cards/low-rate |
| Phone | 13 22 66 |
| NIL | |
| Operating Hour | Mon-Sat 8am–8pm |
The Bank of Melbourne offers the Vertigo credit card, which has a very low 0% p.a balance transfer rate for 32 months, making it appealing to anybody wanting to pay off any existing debt. If you don’t pay off the remainder of your card debt within three years, the rate will go back to 21.49 percent per annum. If you’re not interested in a balance transfer, you can get up to $400 cash back.
Key Differentiators:
- 3% of each cash advance amount
- 13.99% p.a. variable interest rate on purchases
- $55 annual card fee
5) American Express Low Rate Credit Card
| Key Service | Refund and Purchase Protection |
| Address | Locations |
| Website | https://www.americanexpress.com/au/credit-cards/low-rate-credit-card/ |
| Phone | 300 882 538 |
| NIL | |
| Operating Hour | Mon to Fri 9AM – 7PM AEST |
The American Express Low Rate Credit Card is another popular credit card because of its purchase rate of 8.99 percent p.a. Cardholders are additionally covered by American Express’s refund and purchase protection, which means that if the food is not as good as it should be, you can get your money back or replace it. This means that, within 90 days of purchase, Amex could replace or refund the cost of eligible items bought on the card if they are damaged or stolen.
Key Differentiators:
- 55 days interest free
- Refund and Purchase Protection
- Up to 4 Additional Cards for family members or friends, at no extra fee
6) Coles No Annual Fee Mastercard
| Key Service | |
| Address | Shopping Centre, Mains Rd & McCullough St Sunnybank Plaza, Sunnybank QLD 4109, Australia |
| Website | https://www.coles.com.au/credit-cards |
| Phone | 1300 306 397 |
| NIL | |
| Operating Hour | Monday to Friday 7:30am – 5:30pm |
The Coles No Annual Fee Mastercard is part of the flybuys program, so you’ll earn 1 point for every $2 spent on eligible purchases, as well as additional points at certain partners. The Coles Mastercard offers a 0% p.a. balance transfer rate for the first 12 months if you want to move debt from one card to another. Keep in mind that after the introductory term, the fee resets to a 19.99 percent p.a. cash advance rate.
Key Differentiators:
- Up to 55 days interest free on purchases
- $0 annual fee
- 1 point per $2 on eligible spend
Credit Card Australia
The credit card industry in Australia is an ever-changing landscape. New credit cards are introduced, rates change and new features are always being added to entice customers away from their old credit cards or get them interested in a credit card they never considered before. The six credit cards we’ve outlined here offer some valuable insights into what you want out of a credit card Australia. Take the time to compare these credit cards and find the one that best suits your needs. You might be surprised at which credit card comes out on top.
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