Credit Cards

Credit Cards are similar to debit cards albeit the main difference being that debit cards do not carry a line of credit, as credit cards do.

With credit cards, you are offered a credit limit by the financial institution, and you are allowed to make purchases up to that amount. Credit card repayments are usually made monthly. An advantage of credit cards is that if you do not have the money in your account, you can still make a purchase using your credit card as long as your limit has not be exceeded. however this can, of course be a disadvantage. It means you are not spending youre own money - rather relying on credit from your provider. Whilst this is not necessarily a problem per se, without financial discipline credit card holders can easly get in trouble as credit card interest charges and late payment charges quickly add up.

One way to get the best of both worlds (the features & cash flow that a credit card provides, together with the 'safety' of a debit card) is to organise for an automatic sweep of your credit card when payment is due. As long as you have money in your account to make this payment, this should eliminate credit card interest charges (which can be expensive). Please also read up on the latest credit card news.

Compare Australian Credit Cards

So if you are looking for a new Australian Credit Card, check out our card comparison table below. We've picked what we believe to be the best credit card product from each of the major providers. So rather than going round in circles comparing dozens of different products, check out the features, benefits, fees & charges of each of the credit cards below and choose from the best of the best!

Available Credit Cards	Interest Rate	Balance Transfer Rate	Interest Free Days (up to)	Annual Fee	Apply	Credit Card Type	Annual Fee	Interest Rate
IMB Gold Rewards Mastercard	19.24% p.a.	2.9% for 9 months	55 days	$99 p.a.	apply more info	Mastercard	Medium	High
Aussie Mastercard	12.99% p.a.	2.99% for 6 months	55 days	$49 p.a.	apply more info	Mastercard	Low	Low
Citibank Platinum	20.74% p.a.	1.9% for 9 months	55 days	$250 p.a.	apply more info	VISA	High	High
CUA Gold Rewards Mastercard	19.24% p.a.	2.9% for 9 months	55 days	$85 p.a.	apply more info	Mastercard	Medium	Medium
St George Vertigo Mastercard	12.74% p.a.	2.99% for 6 months	55 days	$55 p.a.	apply more info	Mastercard	Medium	Low
Suncorp Gold Card	20.25% p.a.	N/A	55 days	$99 p.a.	apply more info	VISA	Medium	High
ANZ First Visa Card	18.99% p.a.	7.99% for 6 months	44 days	$30 p.a. ($0 first year)	apply more info	VISA	Low	High
ANZ Balance Card	14.24% p.a.	0% for first 6 months	55 days	$79 p.a.	apply more info	VISA	Low	Low
ANZ Frequent Flyer Credit Card	19.49% p.a.	2.9% for 12 months	44 days	$95 p.a.	apply more info	VISA	Medium	High
ANZ Gold Credit Card	18.99% p.a.	7.99% for 6 months	55 days	$87 p.a.	apply more info	VISA	Medium	Medium
Citibank BP MasterCard	20.89% p.a.	2.9% for 12 months	55 days	$79 p.a.	apply more info	Mastercard	Low	High
Citibank Clear Credit Card	11.99% first 12 mths thereafter 15.49% p.a.	1.9% for 6 months	55 days	$65 p.a.	apply more info	VISA	Low	Low
Citibank Emirates Credit Card	20.74% p.a.	2.9% for 12 months	55 days	$229 p.a.	apply more info	Mastercard	High	High
Citibank Gold Credit Card	20.74% p.a. Discontinued...	2.9% for 12 months	55 days	$149 p.a.	apply more info	VISA	High	High
Citibank Silver Credit Card	20.74% p.a.	2.9% for 12 months	55 days	$89 p.a.	apply more info	VISA	Medium	High
HSBC AU - Credit Card	16.99% p.a.	0% for 6 months	55 days	$0 p.a.	apply more info	VISA	Low	Medium
Suncorp Standard Card	12.74% p.a.	N/A	0 days	$0 first year then $39 p.a.	apply more info	VISA	Low	Low
Suncorp Plus Card	20.49% p.a.	N/A	55 days	$63 p.a.	apply more info	VISA	Low	High
Suncorp Platinum Card	20.49% p.a.	N/A	55 days	$205 p.a.	apply more info	VISA	High	High