Compare the top credit card interest rates and deals^

Find a credit card that best suits your needs. Compare interest rates, balance transfer rates, annual fees and more from Australia's leading lenders, big and small.

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Promoted
Platinum Credit Card
Balance Transfer0% p.a. balance transfer for 22 months (with a 2% balance transfer fee). $0 first year annual fee
Purchase Rate
19.99%
Annual Fee
$0
Max Free Days
55
Late Payment Fee
$30
Compare
Promoted
Virgin Australia Velocity Flyer Card (Balance Transfer & Points Offer)
Balance TransferEarn 3 bonus Velocity Points on top of your standard earn rate for each eligible $1 spent per month in the first 3 months and 0% p.a. on balance transfers for 18 months when you apply by 30 April 2018
Purchase Rate
20.74%
Annual Fee
$64for 12 months then $129
Max Free Days
44
Late Payment Fee
$10
Compare
Promoted
Vertigo Platinum
Balance TransferOnline only - 0% p.a. for 24 months on balance transfers requested at card application (1% BT Fee Applies). Rate then switches to applicable variable cash advance rate. $0 annual card fee for the first year (saving you $99).
Purchase Rate
12.74%
Annual Fee
$0for 12 months then $99
Max Free Days
55
Late Payment Fee
$15
Compare
Low Rate Platinum
Balance Transfer0% p.a. on balance transfers for the first 15 months. No Balance Transfer Fee.
Purchase Rate
11.49%
Annual Fee
$99
Max Free Days
55
Late Payment Fee
$20
Compare
Frank Credit Card
Purchase Rate
11.99%
Annual Fee
Max Free Days
55
Late Payment Fee
$10
Compare
Low Rate Mastercard
Special$0 annual fee for the first year when you apply by 30 June 2018
Purchase Rate
11.99%
Annual Fee
$0for 12 months then $45
Max Free Days
55
Late Payment Fee
$15
Compare
Low Rate Platinum Mastercard
Purchase Rate
11.99%
Annual Fee
$89
Max Free Days
55
Late Payment Fee
$15
Compare
Low Rate First Mastercard (ages < 25)
Purchase Rate
11.99%
Annual Fee
$29
Max Free Days
55
Late Payment Fee
$15
Compare
Low Rate Card
CashbackReceive $100 cashback when you apply by 30 April 2018. Offer applies when you spend $500 per month for the first 3 months.
Purchase Rate
11.99%
Annual Fee
$49
Max Free Days
44
Late Payment Fee
$10
Compare
Low Rate
Balance Transfer0% p.a. on balance transfers for the first 15 months. No Balance Transfer Fee.
Purchase Rate
12.49%
Annual Fee
$58
Max Free Days
55
Late Payment Fee
$20
Compare
Vertigo Platinum
Balance TransferOnline only - 0% p.a. for 24 months on balance transfers requested at card application (1% BT Fee Applies). Rate then switches to applicable variable cash advance rate. $0 annual card fee for the first year (saving you $99).
Purchase Rate
12.74%
Annual Fee
$0for 12 months then $99
Max Free Days
55
Late Payment Fee
$15
Compare
Standard Card
Purchase Rate
12.74%
Annual Fee
$55
Max Free Days
0
Late Payment Fee
$10
Compare
Low Rate Credit Card
Balance Transfer0% p.a. balance transfer for 20 months (with a 2% balance transfer fee)
Purchase Rate
13.25%
Annual Fee
$79
Max Free Days
55
Late Payment Fee
$30
Compare
Low Rate Card
Balance TransferExclusive online special: 0% p.a. on balance transfers for 26 months (2% BT fee applies) then reverts to variable cash advance rate. Offer ends 11 June 2018.
Purchase Rate
13.49%
Annual Fee
$0for 12 months then $59
Max Free Days
55
Late Payment Fee
$15
Compare
Low Rate Platinum
Balance Transfer0% p.a. on purchase interest rate for 9 months and 0% p.a. on balance transfers for 6 months
Purchase Rate
0%for 9 months then 13.99%
Annual Fee
$100
Max Free Days
55
Late Payment Fee
$15
Compare

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Transfer your balance to a new 0% card and you could save an average of $1262 in interest and fees and pay your debt off 6 months earlier.

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FAQs

Strapped for cash but only have your credit card available? You may be wondering if you can withdraw money from your credit card. The short answer is yes, but it will cost you.

Withdrawing money from a credit card is called a cash advance, as it operates more as a loan than a simple cash withdrawal. Because it is a loan, you will be charged interest on your cash advance as soon as you make the withdrawal. Interest rates are also usually much higher for cash advances than standard credit card purchases.

In addition to the interest rate, you will also be charged a cash advance fee. This could be a flat rate, or a percentage of your total cash advance. If you are considering a cash advance, make sure to add up how much it will cost you before committing.

The only way to find out which is the right credit card for you is to carry out a comprehensive comparison. For most people, the thought of wading through website after website is hardly appealing, which is why we offer a credit card comparison service.

We can take a closer look at around 200 different products, before presenting you with the various options that meet the criteria you provide. It is then up to you to decide whether you want to focus on a rewards credit card, a balance transfer deal, or another type of credit card entirely.

The different types of credit cards

There's no shortage of products to include in your credit card comparison. The one you choose will ultimately depend on what you want to use it for, and the perks you'll receive whenever you do.

There’s a wide range of card types available, with the most popular credit card types being:

  • Low rate credit cards
  • Low fee credit cards
  • Balance transfer cards
  • Rewards credit cards
  • Frequent flyer cards

Although there are some other variables you will have to take into account, but these are some of the main categories you might want to consider. If you regularly use your credit card overseas for example, then this will be something you should factor into your credit card comparison.

The great credit card tradeoff

Most of the time, there’s some major trade-offs you need to make when choosing a card. If you want low rates (a great idea if you don’t pay your card off), then it’s unlikely you’ll find card with rewards, and vice versa. You’ll also find that the card with rewards, frequent flyer points or perks generally come with higher rates and annual fees. Like many things in life, you can’t have it all in the one card, but by using our credit card comparison you can find some of the best deals if you choose your priorities wisely.

Carrying out an interest rate comparison

One feature of a credit card that can make a big difference to your final decision is the interest charged on balances. Simply put, when you spend money on a credit card, you're essentially borrowing money from the company. If you don't repay this amount on time, then you will be charged interest.

This shouldn't, however, be confused with the annual percentage rate (APR) that is charged by your provider. This is a key piece of information you should think about when performing an interest rate comparison.

Instead, the APR is the yearly interest rate that is applied to your credit card. It's not uncommon for providers to offer a different APR for any purchases you make, and a separate one for any balance transfers you carry out.

When you carry out a credit card comparison, make sure you take into consideration any introductory rates that are on offer. Some companies will give a low rate credit card when you first open the account, which then shifts after a certain period of time.

Understanding rewards credit cards

If you plan on using your credit card on a regular basis, then it might be worth your while to look into one that offers rewards. Many of the biggest providers will give cashback on certain purchases, or allow you to accumulate points that can be used in certain stores.

One of the most popular types of rewards credit cards are those that provide frequent flyer points. You'll be awarded points based on the amount you spend, which can then be built up and eventually spent on flights with major airlines.

If you are interested in rewards credit cards, then be sure to read the terms and conditions linked to these accounts. As with any financial product, it's a good idea to be fully aware of what you are signing up for well in advance.

Choosing your next credit card

No matter what you want from your credit card, it's essential to carry out an interest rate comparison and see which products are out there. If you do need more information on what's available, then be sure to read the RateCity Credit Cards Guide.

It provides an insight into what the different types of credit card are all about, as well as handy tips to help find the right one for your specific requirements.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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