Best Credit Cards
Are you searching for the best credit card? Are you looking for a card that can better your financial situation, instead of adding unnecessary stress? With over one hundred credit card offers to consider, finding one that is “best” for you should not be an impossible task. It is important to note that the best credit cards for you are not necessarily the best for someone else. Whereas you may be interested in a 0% interest balance transfer credit card, another person could be focusing on one with a top notch rewards program. There is one thing you can do to ensure yourself of finding the best credit card: compare as many options as possible. Applying for the first card you find is not the best way to make a confident decision. Take some time to compare multiple credit cards, ensuring that you get the one that is best for your finances at the present time.
| credit card details | purchase rate (p.a.) | balance transfer (p.a.) | balance transfer period | annual fee | online application |
|---|
| credit card details | purchase rate (p.a.) | balance transfer (p.a.) | balance transfer period | annual fee | online application | |
|---|---|---|---|---|---|---|
|
Citibank Clear Platinum Credit Card Platinum rewards with 2.9% for 12 months on balance transfers. 1/2 price annual fee 1st year |
11.99% | 2.9% | 12 months | $49 | top choiceApplication |
|
ANZ Low Rate MasterCard Cheap credit card. Save money with the balance transfer & purchases offer. 60 Second decision. |
0% for 3 months (reverts to 13.24%) |
0% | 3 months | $58 | editor's choiceApplication |
|
Westpac Low Rate Credit Card Balance transfer onto a low interest credit card. Fast 60 second approval. |
0% for 6 months (reverts to 13.49%) |
0% | 6 months | $45 | editor's choiceApplication |
|
Aussie MasterCard Very cheap balance transfer rate and purchase rate. Apply for approval within 60 seconds. |
9.99% for 12 months (reverts to 13.29%) |
2.99% | 12 months | $49 | |
|
Bank of Melbourne Vertigo MasterCard Special balance transfer rate available until 29 Feb 2012 and low ongoing interest rate on spending. |
13.24% | 0.99% | 12 months | $55 | |
|
BP-Citibank Credit Card Low 0% balance rates for 6 months! And 10% cash back on petrol at BP. |
20.89% | 0% | 6 months | $89 | |
|
St.George Vertigo MasterCard Low interest rate spending, low balance transfer rate, cheap annual fee. |
13.24% | 0.99% | 12 months | $55 | |
|
ANZ Frequent Flyer Credit Card Earn uncapped Qantas Frequent Flyer points. $1 = 1 QFF point earn rate. Low annual fee. |
19.74% | - | - | $95 | |
|
BankSA Vertigo Credit Card Cheap low interest credit card for residents living in South Australia. |
13.24% | 0.99% | 12 months | $55 | |
|
Bankwest Breeze MasterCard No frills credit card with extremely low interest rate on purchases. |
10.99% | 4.99% | 12 months | $69 | |
|
Suncorp Gold Credit Card 0% on Balance transfers for 6 months. Half price annual fee. |
20.50% | 0% | 6 months | $60 | |
|
Virgin Flyer Credit Card 4 Virgin Australia complimentary flights each year. Pay low interest on bal transfers for 9 months. |
20.99% | 1.9% | 12 months | $99 | |
|
Westpac 55 Day Credit Card Cheap credit card with low ongoing rates and fees. Fast 60 second approval. |
0% for 5 months (reverts to 19.59%) |
3.99% | 6 months | $0 | |
|
Bank of Melbourne Gold Low Rate Credit Card Overseas travel insurance. Shopping protection. Low rate on balance transfers. |
15.99% | 1.99% | 9 months | $79 | |
|
Woolworths Qantas Credit Card Earn 1 Qantas Frequent Flyer point per dollar spent. |
19.99% | - | - | $0 | |
Help with Choosing the Best Credit Card
On the surface, every credit card has something to offer in terms of benefits. Of course, this does not mean that any card is right for you. There is no denying that one card is going to stand out amongst the crowd – this is the one that you want to apply for. Here are three questions to ask as you search for the best credit card.
- What is most important to you? – Some people are searching for the best balance transfer credit card. Others want a rewards program that allows them to earn points with every purchase. Only you know what is most important.
- Which credit cards do I qualify for? – You may not qualify for every credit card because some have more strict requirements than others. You only want to consider the cards that you know you will qualify for.
- Are you willing to pay fees? – Fortunately, Australian credit cards rarely charge fees on balance transfers – unlike in the United Kingdom and United States. However, you may be faced with administrative fees to move your balance. This often goes along with an annual fee.
Benefits to the Consumer
Once you have answered the questions above, it is easier to compare what you currently consider to be the best credit cards. This does not mean you are done with the process just yet.
You must have a clear understanding of which benefits are most important to you. For example, there may come a time when you have to decide between a card with a low balance transfer rate and one with a great rewards program. Every credit card benefits the consumer in some way. It is up to you to decide exactly what you need.
You will never know what the best credit cards offer until you compare multiple options. By asking the right questions and considering all the finer details, you should be able to choose a card that matches your every want and need – both personally and financially.