Best credit card 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. - Last updated on

Cashback credit cards offers
CASHBACKEnjoy 10% cashback on eligible purchases, up to $100 per month, for the first three months. Apply by 31 October 2019.
Low Rate Gold Mastercard

The 10% cashback is based on eligible purchases made on your card in the first three months from activation up to the value of $100 per month (excludes balance transfers, cash advances and any purchase that is reversed or refunded), each month is calculated as a 30 day period. Offer excludes all existing cards, card migrations and is not available to customers who currently hold, or have held, any Low Rate cards types in the 12 months prior. Offer only available on one credit card per customer. Cashback will appear on your statement as ‘cashback’ each month within 90 days of you meeting the monthly eligibility criteria. You will be ineligible for the cashback if your account is closed or switched to another card, or in default at any time prior to the cashback being credited to your account.

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Expiry date: Until Further Notice
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Bonus Points Balance Transfer Other credit cards offers
BONUS POINTS,BALANCE TRANSFER,OTHEREarn up to 200,000 Bonus Amplify Points + reduced annual fee of $179 in the first year. Apply by 2 October 2019.
Amplify Signature (Amplify Rewards)

To be eligible to receive up to 200,000 bonus Amplify points over 2 years, you must apply and be approved for a new Amplify Signature Credit Card between 24th January 2019 and 22nd May 2019. You'll receive 100,000 bonus Amplify points when you spend a minimum amount of $12,000 on eligible purchases on the credit card within the first 12 months from card approval. You'll receive an additional 100,000 bonus Amplify points in the second year of your credit account being open, if you spend a minimum of $12,000 on eligible purchases within the subsequent year. If you do not meet the minimum spend in one year, you forfeit the bonus points for that year only, however you are still eligible for bonus points in subsequent years if you meet the minimum spend in subsequent years during the promotional period. Annual fee reverts to $279 after the first year.

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Expiry date: 02/10/2019
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Balance Transfer Cashback credit cards offers
BALANCE TRANSFER,CASHBACK0% p.a. for 14 months on balance transfers plus receive 10% cashback on spend in the first 3 months (capped at $100 total).
Low Rate Card

Balance transfer rate reverts to cash advance rate thereafter. Enjoy an ongoing half annual fee – saving you $50 each year. T&Cs apply.

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Expiry date: 02/12/2019
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Balance Transfer Other credit cards offers
BALANCE TRANSFER,OTHER$0 Annual Fee in the first year (saving you $79). 0% p.a. balance transfer for 12 months reverting to the variable cash advance rate.
Platinum Qantas Credit Card

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Expiry date: 31/12/2019
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Bonus Points Cashback credit cards offers
BONUS POINTS,CASHBACK100,000 bonus Rewards Points and $100 back to your new ANZ Rewards Black when you spend $4,000 on eligible purchases in the first 3 months from approval.
Rewards Black

Eligibility criteria, T&Cs, fees and charges apply. Must not have opened or closed an ANZ Rewards Platinum, ANZ Rewards Black, ANZ Rewards or ANZ Rewards Travel credit card in the last 12 months.

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Expiry date: Until Further Notice
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Bonus Points Cashback credit cards offers
BONUS POINTS,CASHBACK50,000 bonus Reward Points and $50 back to your new ANZ Rewards Platinum when you spend $2,000 on eligible purchases in the first 3 months from approval.
Rewards Platinum

Eligibility criteria, T&Cs, fees and charges apply. Must not have opened or closed an ANZ Rewards Platinum, ANZ Rewards Black, ANZ Rewards or ANZ Rewards Travel credit card in the last 12 months.

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Expiry date: Until Further Notice
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Special credit cards offers
SPECIAL40,000 bonus Velocity Points when you spend $500 on eligible purchases in the first 3 months. One complimentary return domestic flight each year with Virgin Australia.
Rewards Travel Adventures Card

$0 overseas transaction fee on purchases. Two complimentary single entry Virgin Australia lounge passes each year. Eligibility criteria, T&Cs, fees and charges apply. Must not have opened or closed an ANZ Rewards Platinum, ANZ Rewards Black, ANZ Rewards or ANZ Rewards Travel credit card in the last 12 months.

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Expiry date: Until Further Notice
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Bonus Points Cashback credit cards offers
BONUS POINTS,CASHBACK100,000 bonus Qantas Points and $200 back to your new ANZ Frequent Flyer Black when you spend $4,000 on eligible purchases in the first 3 months from approval.
Frequent Flyer Black

Eligibility criteria, T&Cs, fees and charges apply. Must not have opened or closed an ANZ Rewards Platinum, ANZ Rewards Black, ANZ Rewards or ANZ Rewards Travel credit card in the last 12 months.

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Expiry date: Until Further Notice
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Bonus Points Cashback credit cards offers
BONUS POINTS,CASHBACK50,000 bonus Qantas Points and $100 back to your new ANZ Frequent Flyer Platinum when you spend $2,000 on eligible purchases in the first 3 months.
Frequent Flyer Platinum

Eligibility criteria, T&Cs, fees and charges apply. Must not have opened or closed an ANZ Rewards Platinum, ANZ Rewards Black, ANZ Rewards or ANZ Rewards Travel credit card in the last 12 months.

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Expiry date: Until Further Notice
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Cashback credit cards offers
CASHBACKEnjoy 10% cashback on eligible purchases, up to $100 per month, for the first three months. Apply by 31 October 2019.
Low Rate Mastercard

The 10% cashback is based on eligible purchases made on your card in the first three months from activation up to the value of $100 per month (excludes balance transfers, cash advances and any purchase that is reversed or refunded), each month is calculated as a 30 day period. Offer excludes all existing cards, card migrations and is not available to customers who currently hold, or have held, any Low Rate cards types in the 12 months prior. Offer only available on one credit card per customer. Cashback will appear on your statement as ‘cashback’ each month within 90 days of you meeting the monthly eligibility criteria. You will be ineligible for the cashback if your account is closed or switched to another card, or in default at any time prior to the cashback being credited to your account.

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Expiry date: Until Further Notice
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Cashback credit cards offers
CASHBACKGet $250 cash back to your account when you spend $800 or more on eligible purchases within 90 days of card approval
Low Rate Card

Offer available until 15th October 2019. New cards only.

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Expiry date: 15/10/2019
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Bonus Points Balance Transfer Other credit cards offers
BONUS POINTS,BALANCE TRANSFER,OTHERReceive 60,000 bonus Macquarie Reward points, 0% p.a. balance transfer for 14 months and 20% off Concierge Service limousine travel
Black Card (Macquarie Rewards)

Offer applies when you spend $3,000 on eligible within 60 days of approval. The bonus points offer is not available to applicants who have applied for a credit card as part of a home loan package. Book a limousine transfer with your 24/7 Concierge Service and receive 20% off your booking, up to $100 in discounts per year.

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Expiry date: Until Further Notice
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Bonus Points Balance Transfer Other credit cards offers
BONUS POINTS,BALANCE TRANSFER,OTHERReceive 40,000 bonus Qantas points, 0% p.a. balance transfer for 14 months and 20% off Concierge Service limousine travel
Black Card (Qantas Rewards)

Offer applies when you spend $3,000 on eligible purchases within 60 days of approval. The bonus points offer is not available to applicants who have applied for a credit card as part of a home loan package. Book a limousine transfer with your 24/7 Concierge Service and receive 20% off your booking, up to $100 in discounts per year.

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Expiry date: Until Further Notice
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Special credit cards offers
SPECIALPurchase rate discounted to 10.74% for cardholders with an ongoing Northern Inland CU Home Loan.
Visa Classic Credit Card

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Expiry date: Until Further Notice
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Purchase Offers Balance Transfer Other credit cards offers
PURCHASE OFFERS,BALANCE TRANSFER,OTHERA discounted rate of 12.99% p.a. on retail purchases, 0% p.a. on balance transfers for 14 months, and no annual fee for the first year.
Clear Platinum Visa

Eligibility for the discounted rate will continue whilst the account remains open.

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Expiry date: Until Further Notice
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Special credit cards offers
SPECIALNo foreign transaction fees
Skye Mastercard

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Expiry date: Until Further Notice
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Special credit cards offers
SPECIALEnjoy complimentary insurance benefits, including Price Protection, Purchase Protection and Extended Warranty
Latitude Low Rate Mastercard

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Expiry date: Until Further Notice
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Special credit cards offers
SPECIALGet international transaction fees waived and a global ATM rebate. T&Cs apply.
Orange One

Get international transaction fees waived and a global ATM rebate if you deposit at least $1,000 from an external bank account to your Orange Everyday bank account in your name and make at least 5 card purchases using your ING debit or credit card

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Expiry date: Until Further Notice
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Special credit cards offers
SPECIALGet international transaction fees waived and a global ATM rebate. T&Cs apply.
Orange One Platinum

Get international transaction fees waived and a global ATM rebate if you deposit at least $1,000 from an external bank account to your Orange Everyday bank account in your name and make at least 5 card purchases using your ING debit or credit card

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Expiry date: Until Further Notice
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Special credit cards offers
SPECIAL$0 Annual Fee for the First Year
First Student

Eligibility criteria, T&Cs, fees and charges apply. After the first year, an annual fee of $30 applies.

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Expiry date: Until Further Notice
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Everything you need to know about credit card deals

Most Australian adults have credit cards. Few Australians, though, can say they have one of the best credit cards on the market. That’s because a surprisingly high number of people have opted for accounts that charge high interest rates and impose high annual fees.

If you’re wondering whether you can find a better credit card than the one you currently own, the answer is almost certainly yes. That’s because there are about 200 credit cards on the market.

Time, then, to begin your research.

The first place to start is with this credit card deals page. With dozens of different credit card providers in the market, you’ll generally find that at least some of them are running a range of short-term special offers. These might include reduced interest rates, longer interest-free terms, lower annual fees, more generous rewards, balance transfer deals (see below) or free incentive gifts.

The reason credit card providers offer special deals is the same reason businesses in other industries do it – to attract more customers and generate more revenue. The credit card market is very competitive, so sometimes lenders feel like they need to do something different to stand out.

Once you’ve explored this deals page, make sure you visit RateCity’s credit card comparison site as well. This page features about 200 different credit card products, so it’s possible that one provider’s regular offer will be even better than another provider’s special deal.

Interest rates

Credit card interest can be extremely costly. At the time of writing, the average interest rate was 16.74 per cent. If you had a card at that rate, here’s how much interest you might have to pay, based on four different spending profiles:

  • Interest on $5,000 spending per year = $837
  • Interest on $10,000 spending per year = $1,674
  • Interest on $15,000 spending per year = $2,511
  • Interest on $20,000 spending per year = $3,348

Imagine, though, that you were able to switch from a card charging 16.74 per cent interest to one charging 10.00 per cent. Here’s how the numbers would now look:

  • Interest on $5,000 spending per year = $500
  • Interest on $10,000 spending per year = $1,000
  • Interest on $15,000 spending per year = $1,500
  • Interest on $20,000 spending per year = $2,000

Of course, there’s a way you could reduce your interest charges down to $0. If you pay off your credit card bill in full each month, you’ll never have to pay a cent of interest.

Annual fees

Annual fees are another important thing to consider when comparing credit cards. At the time of writing, the average annual fee was $111 – yet there were many credit cards on the market with an annual fee of $0.

That means that if you choose the right card and pay your bills on time, you’ll never have to pay a cent in annual fees and never have to pay a cent in interest.

So don’t just look at interest rates when comparing credit cards – also pay close attention to the annual fees.

Rewards

You should also look at what rewards program, if any, a particular credit card offers. A rewards program is basically free money – assuming you don’t fall into the trap of making purchases you wouldn’t otherwise make, just so you can accumulate points.

Unfortunately, rewards programs and annual fees usually go hand in hand, because credit card providers generally use the latter to fund the former. However, if you shop around, there’s a good chance you’ll be able to find at least provider offering rewards without an annual fee.

Balance transfers

A lot of credit card providers offer balance transfers, which involves transferring your debt from one credit card to another.

Sometimes, credit card providers will offer special balance transfer deals to entice people to switch from a rival credit card to one of theirs. These deals typically involve temporary interest-rate holidays. To give a hypothetical example, a credit card that typically charges 14.99 per cent interest might drop the rate to 0 per cent for 10 months. Please note that at the end of the balance transfer period, the interest rate would revert to the normal level – in this case, from 0 per cent to 14.99 per cent.

^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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