Credit Cards, Insights

Best Credit Cards in Australia in 2022

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Are you looking for the best credit card in Australia? You’ve come to the right place. In this blog post, we will discuss the different types of credit cards available in Australia, and provide a list of the best cards in each category.

We’ll also talk about how to choose the right card for your needs, and offer some tips on how to use your credit card responsibly.

So whether you’re looking for a rewards card, a low-interest card or a card that offers travel benefits, we have you covered!

What Are Credit Cards in Australia?

Credit cards in Australia are a type of plastic card that allows you to make purchases on credit. Credit cards can be used anywhere that accepts credit cards as a form of payment. There are many different types of credit cards available in Australia, each with their own unique benefits and features.

Some of the most popular credit cards in Australia include:

  • ANZ First (no annual fee)
  • Commonwealth Bank Platinum (rewards program)
  • NAB Gold (low interest rate)
  • St.George Vertigo (0% balance transfer for 12 months)

When choosing a credit card, it’s important to compare different features and benefits to find the best one for your needs. Consider things like interest rates, rewards programs, annual fees and credit limits.

What Are The Different Types of Credit Cards in Australia?

There are four main types of credit cards in Australia: standard, low rate, rewards and platinum.

Standard credit cards have no annual fee and offer a relatively low interest rate.

Low rate credit cards have a lower interest rate than standard cards, but they also come with an annual fee.

Rewards credit cards offer points or cash back on every purchase you make.

While platinum cards offer a higher level of perks and privileges, including concierge services and airport lounge access.

What Are The Benefits of Getting Credit Cards in Australia?

There are plenty of benefits that come with getting credit cards in Australia. Firstly, it can help you improve your credit score.

Secondly, you can use credit cards to get rewards points which can be redeemed for cashback or other prizes.

Lastly, having a credit card can provide you with a safety net in case of an emergency.

What Are The Best Credit Cards in Australia and Details of Each Offer?

In order to help you make the best decision for your needs, we have compiled a list of the best credit cards in Australia. We’ve done the research so that you don’t have to and each card is listed with its key features as well as any potential drawbacks.

ANZ First Visa Credit Card

The ANZ First Visa Card offers 0% p.a. on balance transfers for 12 months with a one-time transfer fee of $30. You’ll also enjoy a discounted annual fee of $55 in the first year, plus no foreign transaction fees on overseas purchases.

  • Key Features: 0% p.a. on balance transfers, discounted annual fee, no foreign transaction fees
  • Potential Drawbacks: Requires good credit history

Citi Platinum Visa Credit Card

The Citi Platinum Visa Card comes with 0% p.a. on balance transfers for 18 months and a $49 annual fee. You’ll also get up to 44 days interest free on purchases, plus no foreign transaction fees when you travel overseas.

  • Key Features: 0% p.a. on balance transfers, no foreign transaction fees, up to 44 days interest free on purchases
  • Potential Drawbacks: Annual fee of $49

NAB Low Rate Credit Card

The NAB Low Rate Credit Card has a low ongoing purchase rate of 12.99% p.a., plus a low annual fee of only $45 per year (waived in the first year). You’ll also get up to 55 days interest free on purchases.

  • Key Features: Low ongoing purchase rate, low annual fee, up to 55 days interest free on purchases
  • Potential Drawbacks: Requires good credit history

St.George Vertigo Visa Credit Card

The St.George Vertigo Visa Card has a 0% p.a. balance transfer offer for 18 months with a one-time transfer fee of $49. You’ll also enjoy no annual fee in the first year (normally $99), plus up to 44 days interest free on purchases.

  • Key Features: 0% p.a. balance transfer, no annual fee in the first year, up to 44 days interest free on purchases
  • Potential Drawbacks: One-time transfer fee of $49

Westpac Altitude Black Mastercard Credit Card

The Westpac Altitude Black Mastercard comes with a host of perks, including 0% p.a. on balance transfers for 18 months, no annual fee in the first year (normally $250), and up to 55 days interest free on purchases.

You’ll also earn rewards points for your spending which can be redeemed for flights, merchandise, or cash back.

  • Key Features: 0% p.a. on balance transfers, no annual fee in the first year, up to 55 days interest free on purchases, rewards points program
  • Potential Drawbacks: Requires excellent credit history

How to Decide Which Type of Credit Cards in Australia You Want?

There are different types of credit cards in Australia, and the best one for you will depend on your spending habits. If you’re a big spender, then you’ll want a card with a high credit limit. If you’re someone who likes to travel, then you might want a card that offers rewards points.

Here’s a quick guide to how to decided between some of the different types of credit cards in Australia:

  • Big spenders: If you spend more than $2000 per month on your credit card, then you’ll want a card with a high credit limit. The best cards for big spenders have limits of $5000 or more.
  • Travelers: If you like to travel, then you might want a credit card that offers rewards points. The best cards for travelers offer points that can be redeemed for flights, hotels, and other travel-related expenses.
  • Students: If you’re a student, then you might want a credit card that has no annual fee. The best cards for students have low interest rates and no annual fees.

How Many Credit Cards in Australia Should Someone Have?

It all depends on your individual circumstances and how you use credit cards. For example, if you’re a big spender who often carries a balance on their card, you might want to have two or more cards so you can spread the cost of repayments. On the other hand, if you’re a more cautious spender who always pays off their balance in full each month, one card might be all you need.

The important thing is to make sure you choose the right credit card for your needs. There are lots of different cards on the market offering different interest rates, rewards programs and features. So take some time to compare your options before deciding which card is best for you.

What Credit Limit Do Credit Cards in Australia Have?

Most credit cards in Australia have a credit limit of between $500 and $5000. However, some cards may have a higher or lower limit depending on the card issuer and your creditworthiness. If you have a good credit history, you may be able to get a card with a higher limit.

Do Credit Cards in Australia Report to The Three Major Credit Bureaus?

The answer is complicated. In Australia, there are four credit reporting bureaus:

  • Equifax
  • Experian
  • TransUnion
  • Illion Bankstatements (formerly Veda)

These companies collect information from financial institutions and report it to creditors. The types of information that is reported includes things like your payment history, account balances, and any derogatory marks (like bankruptcies or foreclosures). So, if you have a Credit Card in Australia, the company will most likely report your activity to at least one of these Credit Bureaus.

One last thing to keep in mind is that even if a Credit Bureau in Australia does report to a Credit Bureau in the US, there’s no guarantee that the information will show up on your US credit report. That’s because each Credit Bureau has its own way of collecting and reporting information.

What is The Best Way to Use Credit Cards in Australia?

There are a few different ways that you can use credit cards in Australia. You can use them for everyday purchases, or you can use them for larger purchases. You can also use them for emergencies.

If you are using your credit card for everyday purchases, it is important to pay off your balance in full each month. This will help you avoid interest charges and keep your debt under control.

If you are using your credit card for larger purchases, it is important to shop around and find the best interest rate possible. You should also try to pay off your balance as quickly as possible to avoid paying interest on the purchase.

If you are using your credit card for an emergency, it is important to have a plan in place to pay off the debt as quickly as possible. You should also try to find a card with a low interest rate so that you can keep your debt under control.

Do The Best Credit Cards in Australia Have Any Annual Fees?

Some of the best credit cards in Australia that don’t charge any annual fees include the ANZ First Credit Card, the Commonwealth Bank Diamond Awards Credit Card, and the NAB Rewards Platinum Credit Card.

Do The Best Credit Cards in Australia Have Rewards Programs?

The best credit cards in Australia usually have rewards programs. These are great for people who travel a lot or make a lot of purchases. Rewards programs can help you save money on your travels and make your life easier.

What Are The Best Credit Cards in Australia For Students?

There are a few different credit cards in Australia that are great for students. These include the Commonwealth Bank of Australia Student MasterCard, the NAB Gold Visa, and the ANZ First Visa. Each of these cards has its own perks and benefits, so it’s important to compare them before you decide which one is right for you.

What Are The Best Credit Cards in Australia For Businesses?

There are a few different credit cards in Australia that are great for businesses. These include the American Express Business Platinum Card, the Commonwealth Bank Business Diamond Awards Credit Card, and the NAB Business Platinum Credit Card.

What Are The Best Credit Cards in Australia For Balance Transfers?

There are a lot of great credit cards out there, but if you’re looking for the best credit card in Australia for balance transfers, there’s really only one option: the ANZ Low Rate Credit Card.

This is because the ANZ Low Rate Credit Card offers a low promotional rate on balance transfers for 12 months. So, if you have a high interest rate on your current credit card and you want to save some money, this is definitely the card for you.

Plus, after the promotional period ends, the ANZ Low Rate Credit Card still has a very competitive standard interest rate. So, it’s a great choice for people who are looking for a long-term solution to their credit card debt.

Do The Best Credit Cards in Australia Offer 0% APR?

There are a lot of great credit cards out there, but do any of them offer 0% APR? The answer is yes! In fact, there are quite a few cards that offer 0% APR on purchases and balance transfers.

Some of the best 0% APR credit cards in Australia include the following:

Citi Platinum Credit Card

This card offers 0% APR on purchases and balance transfers for 21 months. After that, the APR goes up to 14.49%.

ANZ First Credit Card

This card offers 0% APR on purchases and balance transfers for 12 months. After that, the APR goes up to 13.49%.

NAB Low Rate Credit Card

This card offers 0% APR on purchases and balance transfers for 14 months. After that, the APR goes up to 12.99%.

These are just a few of the great 0% APR credit cards available in Australia. So if you’re looking to save some money on interest, be sure to check out these cards.

Do The Best Credit Cards in Australia Come With Sign-Up Bonuses?

The best credit cards in Australia come with great sign-up bonuses. You can get a free flight or a free hotel stay when you use your card. You can also get cash back and other rewards.

Best Credit Cards in Australia With Bad Credit

There are many people out there who have bad credit and are looking for the best credit cards in Australia to help them improve their financial situation. While it may seem like an impossible task, there are actually a few options available to those with bad credit.

The first option is to get a secured credit card. This type of card requires you to put down a deposit that will be used as collateral in case you default on your payments. The deposit amount will usually be equal to your credit limit. While this may seem like a risky proposition, it can actually be a great way to rebuild your credit score if you use it responsibly.

Another option for those with bad credit is to get a prepaid debit card. These cards work just like a regular debit card, except that you load them up with money in advance. This can be a great option if you don’t want to worry about running up debt on your credit card.

If you’re looking for the best credit cards in Australia, there are a few things to keep in mind. First, make sure that you shop around and compare different offers before applying for any card. Second, remember that your credit score will play a big role in determining which card you’re eligible for. And finally, don’t forget to use your card responsibly so that you can start rebuilding your credit history. Best of luck!

Here are some of the best credit cards for bad credit in Australia:

NAB Classic Credit Card

The NAB Classic Credit Card has no annual fee and offers a low interest rate on purchases.

Westpac Basic Credit Card

The Westpac Basic Credit Card also has no annual fee and offers a low interest rate on purchases.

ANZ Low Rate Credit Card

The ANZ Low Rate Credit Card has an annual fee of $30 and offers a 0% p.a. balance transfer for the first 18 months (with a one-time balance transfer fee of $49). It also comes with complimentary insurance cover.

These are just some of the best credit cards for bad credit in Australia. If you have bad credit, make sure to shop around and compare different offers before applying for any card.

And remember to use your card responsibly so that you can start rebuilding your credit.

Do Amex Have Credit Cards in Australia?

Yes, Amex has credit cards in Australia and they’re one of the best companies to go with if you’re looking for a good deal. They offer a variety of different cards, each with their own set of benefits, so you can find the perfect card for your needs.

For example, the Amex Platinum Card comes with a $200 annual fee and offers a 0% interest rate on purchases for the first 12 months.

It also has a rewards program where you can earn points for every dollar you spend. If you travel often, this card also comes with complimentary travel insurance.

Is It Easy to Qualify for Credit Cards in Australia?

Credit cards are available to just about anyone in Australia. There are a number of banks and credit card providers that offer a variety of credit products, so it shouldn’t be too difficult to find one that suits your needs. However, not all credit cards are created equal. Some have higher interest rates, annual fees, and other charges that can make them more expensive than others.

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About Jermaine Hagan (The Plantsman)

Jermaine Hagan, also known as The Plantsman is the Founder of Flik Eco. Jermaine is the perfect hybrid of personal finance expert and nemophilist. On a mission to make personal finance simple and accessible, Jermaine uses his inside knowledge to help the average Joe, Kwame or Sarah to improve their lives. Before founding Flik Eco, Jermaine managed teams across several large financial companies, including Equifax, Admiral Plc, New Wave Capital & HSBC. He has been featured in several large publications including BBC, The Guardian & The Times.

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