Best Australian Credit Cards

June 2nd, 2010

0% p.a. for 6 months with 2% handling fee

Determining the Best Australian Credit Cards

Asking someone which they think are the best Australian credit cards will get you a different response, depending on who you ask. Not all credit cards will have the same attractions for all customers.

You might be searching for the best balance transfer rate, while another customer might prefer to build up rewards points or aim at a zero annual fee and low purchase interest rate.

The best Australian credit cards to suit one customer may be the worst options available for another.

Best Balance Transfer Credit Cards

If you’re after a credit card that can allow you to reduce the amount of interest you pay on your outstanding balance, then you could benefit from searching for the best balance transfer rate.

Keep in mind that you want the low rate to last for however long it will take you to realistically repay the balance. This is so you don’t end up with a debt when the rate reverts to the higher purchase rate after the introductory cheap rate expires.

Best Low Rate Credit Cards

Some customers may find that they are better off aiming at a credit card with a low ongoing rate on purchases. Recent competition between credit card providers is seeing more offers with low ongoing rates that could really help you save money.

Best Rewards Credit Cards

Frequent credit card users can often benefit by accumulating rewards points that can be redeemed for merchandise, shopping vouchers or air miles.

Best Platinum Credit Cards

Some customers can really benefit from the perks offered to Platinum credit card customers. The perks can include things like International Travel insurance, extended warranty on purchases, purchase protection insurance and access to a concierge, among other benefits.

Which Credit Card is Right for You?

Regardless of which credit card you choose, it’s important you don’t simply take the easy option of accepting whatever card your own bank offers you. It’s been proven during recent surveys that around 50% of people simply walk into their own bank branch when they want a credit card.

Your own bank might be happy to offer you a credit card, but it might not be the best Australian credit card to suit your needs and your own personal financial situation.

Editors Choice: Featured Credit Card Deals

	Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
Westpac 55 Day Credit Card	0% for 5 months (reverts to 19.59% )	3.99% for 6 months	$0	21.49%
Citibank Clear Platinum Card	11.99%	2.9% for 12 months	$99	21.74%