Compare Australian Credit Cards

Credit cards are a handy way to pay for just about anything, which is why they’re so popular. Everything you need to compare credit cards is right here on Mozo. We compare over 200 credit cards from 60 providers!

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Credit card comparisons on Mozo

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 198 credit cards.
Last updated 22 October 2024 Important disclosures
  • NAB Low Rate Card - Balance Transfer Offer

    Spend with confidence with a low 13.49% p.a. variable purchase rate and 0% p.a. interest on balance transfers for the first 28 months (T&Cs apply). 2% balance transfer fee applies. There’s also up to 55 interest free days on purchases to help you manage your budget better when you make minimum repayments. Minimum credit limit $1,000. No annual fee for the first year (usually $59).

    Purchase rate
    13.49% p.a.
    Balance transfer rate
    0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
    Annual fee
    $59 $0 in the first year
    Rewards program
    -
    Compare
    Details
  • Citi Rewards - Balance Transfer and Purchases offer

    Enjoy 0% p.a. for 15 months on purchases and balance transfers. Balance transfer reverts to cash advance rate. Earn up to 1 Citi reward Point per $1 on eligible transactions. Access up to 3 months complimentary International Travel Insurance and up to 14 days Domestic Travel Insurance with a Citi Rewards Credit Card when meeting eligibility criteria. Apply for a credit limit from $2,000 up to $100,000. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc.

    Purchase rate
    0% p.a. for 15 months then 21.49% p.a.
    Balance transfer rate
    0% p.a. for 15 months and then 22.24% p.a.
    Annual fee
    $199
    Rewards program
    Citi Rewards Program
    Compare
    Details
  • Apply By 14 Jan 2025
    American Express Qantas Ultimate Card

    Receive 50,000 bonus Qantas Points when you apply online by 14 January 2025, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months of your approval date. T&Cs apply. Available for new American Express Card Members only.

    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $450
    Rewards program
    Qantas Frequent Flyer
    Compare
    Details
  • Kogan Money Black Card

    Get 0% p.a. on purchases and balance transfers for 9 months with a 1% balance transfer fee. Reverts to cash advance rate. $0 annual fee to pay. Earn 2 rewards points per dollar on your eligible purchases at Kogan.com & 1 rewards point per dollar on your everyday purchases, almost anywhere (T&Cs apply). FREE Kogan First membership valued at $129/year. Add up to 4 additional cardholders at no cost.

    Purchase rate
    0% p.a. for 9 months then 21.99% p.a.
    Balance transfer rate
    0% p.a. for 9 months and then 22.74% p.a. (1.00% balance transfer fee)
    Annual fee
    $0
    Rewards program
    Kogan Rewards Points
    Compare
    Details
  • American Express Explorer® Credit Card

    Receive 50,000 Bonus Membership Rewards Points when you apply online, are approved, and spend $4,000 on eligible purchases on your new Card within the first 3 months. T&Cs apply. New Card Members only.*

    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $395
    Rewards program
    Membership Rewards
    Compare
    Details
  • Citi Clear Credit Card - Balance Transfer Offer

    0% p.a. for 24 Months on balance transfers. 1.5% balance transfer fee applies. Rate reverts to cash advance rate. $49 annual fee in the first year, reverts to $99 thereafter. Access complimentary insurance for eligible products purchased with your Citi Clear Credit Card, including Extended Warranty Insurance and Purchase Protection Insurance. Enjoy a low ongoing variable purchase rate of 14.99% p.a. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc.

    Purchase rate
    14.99% p.a.
    Balance transfer rate
    0% p.a. for 24 months and then 22.24% p.a. (1.50% balance transfer fee)
    Annual fee
    $99 $49 in the first year
    Rewards program
    -
    Compare
    Details
  • Apply By 28 Jan 2025
    American Express Essential® Rewards Credit Card

    Receive 40,000 Bonus Membership Rewards® Points when you apply online by 28 January 2025, are approved, and spend $3,000 on eligible purchases on your new American Express Essential® Rewards Credit Card within the first 3 months. T&Cs apply. Available to new American Express Card Members only.

    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $108
    Rewards program
    Membership Rewards
    Compare
    Details
  • Citi Rewards - Rewards Points Offer

    100,000 bonus Citi reward Points when you spend $5,000 on eligible purchases within 3 months from approval. That’s $400 when you Pay with Points! Earn up to 1 Citi reward Point per $1 on eligible transactions. Access up to 3 months complimentary International Travel Insurance and up to 14 days Domestic Travel Insurance with a Citi Rewards Credit Card when meeting eligibility criteria. Apply for a credit limit from $2,000 up to $100,000. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under licence from Citigroup Inc.

    Purchase rate
    21.49% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $199 $99 in the first year
    Rewards program
    Citi Rewards Program
    Compare
    Details
Search now

Compare other borrowing options

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 248 personal loans.
Last updated 22 October 2024 Important disclosures and comparison rate warning*
  • Low Rate Personal Loan

    Excellent Credit, $5,000 - $75,000

    interest rate
    comparison rate
    Monthly repayment
    6.57% p.a.to 8.39% p.a.
    7.19% p.a.to 8.75% p.a.based on $30,000
    over 5 years

    Competitive low rates for borrowers with excellent credit on 1-7 year loans from $5,000 up to $75,000, plus free extra repayments. Winner of Mozo's Experts Choice Excellent Credit Unsecured Personal Loan 2024 and Excellent Credit Secured Personal Loan 2024 awards ^. Min. income of 25k after tax, to apply.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.

    Compare
    Details
  • Unsecured Personal Loan

    Fixed

    interest rate
    comparison rate
    Monthly repayment
    6.75% p.a.to 26.95% p.a.
    6.75% p.a.to 26.95% p.a.based on $30,000
    over 5 years

    Borrow up to $50,000 unsecured. Perfect if you earn more than $22,100 p.a. and have good to excellent credit. Multi-year winner of Mozo’s Experts Choice Unsecured Personal Loan Award, 2021, 2022, 2023 & 2024^'

    Repayment terms from 2 years to 7 years. Representative example: a 5 year $30,000 loan at 6.75% would cost $35,430.23 including fees.

    Compare
    Details
  • Debt Consolidation Loan

    $5,000-$75,000

    interest rate
    comparison rate
    Monthly repayment
    6.57% p.a.to 18.99% p.a.
    7.19% p.a.to 19.39% p.a.based on $30,000
    over 5 years

    Competitive fixed rates on loans up to $75,000 depending on your credit score. Zero monthly account keeping fees, no exit fees and no early repayment fees. Make weekly, fortnightly or monthly repayments, over 1 to 7 years managed entirely online, at any time. Fast and easy, 100% online application.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.

    Compare
    Details
  • Unsecured Personal Loan

    interest rate
    comparison rate
    Monthly repayment
    6.99% p.a.to 24.99% p.a.
    6.99% p.a.to 22.79% p.a.based on $30,000
    over 5 years

    Competitive fixed rates for borrowers on 1-7 year loans from $5,000 up to $50,000. $0 monthly fees and no early repayment fees to pay. Fast application process on the Revolut app. According to Revolut and subject to loan approval, you'll receive your money into your Revolut account straight away.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.99% would cost $36,132.67 including fees.

    Compare
    Details

Personal loan lenders we compare at Mozo

Save with deals from the following well-known brands and many more...

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Credit card resources

Reviews, news, tips and guides to help find the best credit card for you.

Credit Card Monthly Snapshot: October 2024

The average credit card purchase by Australian card holders has fallen by 23% over the last 10 years, according to data released by the Reserve Bank of Australia (RBA).

Mozo’s analysis of the RBA’s data over the last decade reveals that the average value of a credit card purchase has gone from $118 in 2014 down to $90 in 2024.

On top of this, credit card balances accruing interest have also dropped by a whopping 45% over the past decade.

Mozo’s spokesperson, Rachel Wastell, says the drop could indicate a shift toward more responsible spending in the face of cost of living pressures, but it could also be driven by a newfound reliance on buy now pay later (BNPL) services such as Afterpay.

Research by Mozo found that 54% of Australian credit card holders also have a BNPL account, suggesting there could be a significant amount of debt that exists we are not able to see in the RBA retail payments data.

If you have a credit card or a BNPL account, it’s important to compare what you have with other options, as switching to a different card or service may provide better rewards or help you spend less on interest.

Noteworthy credit card moves last month

September saw several more hikes to credit card interest rates in the Mozo database, including from a major bank – here’s an overview.

  • Bendigo Bank increased the purchase rate on its lowest rate Bright credit card, going up by 2% p.a. to 11.99% p.a.
  • Kogan Money lowered its $400 shopping credit offer to $250. It also requires a $3,000 spend in the first 3 months.
  • Latitude increased purchase rates across several of its cards by half a percent, bringing them to 27.99% p.a. and introduced an $8 monthly fee on the 28° card.
  • NAB hiked the Low Fee Card’s purchase rate to 20.99% p.a., an increase of 1.25% p.a. It also raised the annual fees on the Qantas Rewards Premium (+$45) and Signature Cards (+$25).

Best credit card deals in October

Here are some of the best credit card offers available this month.

Longest 0% balance transfer offers:

Longest 0% introductory purchase rate offer:

  • Citi Rewards Credit Card – 0.00% p.a. for 15 months

Lowest purchase rate:

Best introductory bonus point offers:

Choosing your credit card match

Show transcript

From balance transfer cards that can help you ditch debt through to rewards credit cards offering a range of freebies to entice any big spender's appetite, there's never a shortage of plastic to choose from in the bustling credit card market.

But what type of card is right for you and what are the features to consider and the fees to watch out for?

choosing the right credit card

We're here to answer those questions in this tell all guide, aimed at helping you choose your perfect credit card match. Starting from the top:

What are the main types of credit cards?

As mentioned above, there's plenty of choice when it comes to choosing a credit card. So check out our list of card types below to decide which plastic is worthy of a spot in your wallet:

  • Balance transfer credit card: Have you racked up some debt on your current plastic? Then you could apply for a balance transfer credit card. This would allow you to roll your existing debt over to a new balance transfer card with a zero percent interest rate. Just remember, the 0% balance transfer rate offer will only be available for a set period of time from 6 to 36 months according to the Mozo database. Also keep in mind, if you still have debt to repay after this 0% period the rate will revert back to the standard purchase rate or even the cash advance rate, which can sometimes be higher than 25% (ouch). So make sure you work out how much you will need to repay each month, using Mozo's credit card debt payments calculator, to set yourself up to  blast the debt within the balance transfer term. Be aware that the balance transfer rate only applies to the existing debt you transfer to the card, not to any new purchases you make using the card. And if you have taken advantage of a BT offer to transfer debt, you won't get the advantage of any interest free days on new purchases until your balance is completely paid off. For this reason balance transfer credit cards are often best used only to pay off an existing debt, not for new spending.

  • Low interest rate credit card: If you're the type of person who sometimes carries a balance on your card rather than paying it off in full every month, a credit card with a low interest rate (starting from below 10% and no higher than 14%) could be on your shopping list. That way, if you do have the odd big expense like a holiday or a big ticket purchase that you need a couple of months to pay off, you won't be hit with an excessive interest rate for the privilege. Low interest rate cards generally don't come with frills like rewards programs, travel insurance or other perks, but with the average credit card rate stuck above 17% they are significantly cheaper pieces of plastic. While most low interest credit cards require you to pay an annual fee, it will generally be much lower than an annual fee for a fancier platinum or rewards card, and the cost of the annual fee is likely to be far lower than paying a high interest rate on your spending each month.

  • Interest free credit card: If you intend to purchase some big ticket items in the near future and need some breathing space to pay them off,  you could opt for a credit card with a zero interest “honeymoon” period. Interest free credit cards usually mean you'll get a 0% interest rate on purchases for an introductory period of anywhere between 6 - 17 months, according to the Mozo database. However, once the intro term has come to an end the purchase interest rate will then revert to a higher rate. So if you go for an intro rate card make sure it not only has a competitive “honeymoon” rate but a low revert rate as well. That being said, interest free credit cards are generally well-suited to conscientious spenders who can commit to paying off their purchases before the interest free period ends and who won't be tempted by the 0% rate into buying more things than they really need.

  • No annual fee credit card: If you're someone who really only uses your credit card as a convenient payment method, doesn't value perks like rewards programs and diligently pays off your card balance in full each month, your credit card match could be a no annual fee credit card. You won't need to ensure the interest rate is also ultra-low, because there's no need to worry about being hit with interest when you pay your credit card bill in full and on time each month. There are some no annual fee credit cards on the market that do offer rewards programs and other perks, but for the most part these cards are no frills options suitable for those who don't want to have to pay a fee for the privilege of owning a credit card.

  • Rewards credit cards: Looking for a card that lets you earn rewards points on your spend? Then you're in the market for a rewards credit card. Rewards cards can either be directly linked to frequent flyer programs to let you earn Qantas Frequent Flyer, Virgin Velocity or other airline points on your spend, or they can be linked to a more general rewards program that lets you earn and redeem points for everything from gift cards to discounts on retail purchases to travel. The downside to rewards credit cards is that they generally come with higher annual fees and higher interest rates than no frills credit cards. This means you'll need to be sure that you'll earn and redeem enough rewards each year to make up for the annual fee and you'll also need to pay off your credit card balance in full each month to avoid interest charges that could negate the value of the rewards. Use Mozo's Rewards Revealer tool to find the perfect rewards card for your spend.

  • Platinum credit cards: Want to supersize the amount of rewards you can earn and the freebies you gain? A platinum credit card generally comes with all the perks of a standard rewards card but just more of them, as you'll typically gain bigger bonus points, more rewards points per dollar spent, exclusive entertainment offers and of course more privileges like inbuilt travel insurance, concierge and purchase protection. The catch to all this is higher interest rates and fees, so platinum cards are really suited to people who never miss a payment and always pay their balance in full each month. You'll generally need to meet some strict lending criteria to get a piece of platinum plastic in your wallet, like a minimum income amount, and in any case you'll likely need to be a big spender to be able to earn enough rewards to offset the higher annual fees that come with platinum cards.

  • Travel credit cards: Holidaying overseas is expensive enough with everything from flights to accommodation to factor into your budget - so don't add pricey currency conversion fees to that list! By searching Mozo's travel credit card hub for some plastic specifically designed for overseas use, you could save yourself big bucks. Let this example speak for itself: Say you went overseas with a standard credit card and spent $5,000 on the card, a currency conversion fee of 3% would set you back $150. But if you searched the travel money market for a competitive deal with no foreign exchange fee, you could keep that $150 in your pocket.


travel credit card or regular credit card

What are the features of credit cards?

Whether you're a no frills kind of borrower or a big spender looking to rack up rewards points, you should always compare the credit card market to ensure you sign up with the right deal for you. Here are some features to look out for:

Interest free days: As the name suggests, your interest free days is the amount of time you will pay no interest on your purchases, which is usually 44 or 55 days and starts at the beginning of your statement period and ends on your credit card due date. Big catch coming up: If you fail to pay off your statement balance in full by the due date, you will no longer receive those interest free days for your next statement period. To start receiving interest free days again, you'll need to reduce your balance back down to zero first. 

The best way to ensure you never miss a credit card monthly payment is to set up a direct deposit from your bank account to your credit card provider, so you can clear your balance in full by the due date each month and continue to enjoy interest free spending during the next period.

Complimentary insurance: As mentioned above, many reward and platinum credit cards come with some great complementary features including:

  • Purchase protection: If you’re a big spender who makes big purchases on a regular basis, purchase protection is probably a credit card feature that you should look for. The insurance works by protecting you for a set timeframe after you have made a purchase (around 90 days) against theft, accidental damage or may even cover you if you have lost the item.

  • Extended warranty: When you purchase a big ticket item, it will usually come with a warranty but did you know some rewards and platinum credit cards offer complimentary extended warranty insurance? This means that your precious goods will be covered for an extended period. Just keep in mind, to be eligible for the extended warranty, you will need to make the purchase on your credit card.

  • Price protection: Retailers are constantly slashing prices, so while you may purchase an item for $1,000 you could come back just a few weeks later to find it is now just $700. That’s where price protection insurance could save you big bucks by refunding you the difference as long as you’ve used your card for the original purchase.

  • Overseas travel insurance: With inbuilt travel insurance you can save yourself the headache of searching for a good travel insurance deal and of course the cost of a standalone policy. But keep in mind that to activate the complimentary travel insurance, card providers often require you to pay part of your travel expenses on the card and have a return ticket (You can find the provider’s specific conditions in their product disclosure statement).

Card scheme: When you start looking for a credit card you will find there are three main schemes to choose from - Mastercard, Visa or American Express. But will choosing one from the other make a difference to your experience? Here's a quick comparison:

  • Zero liability policy: All schemes come with protection from unauthorised transactions, so if someone has fraudulently charged purchases to your card you should be able to get your money back as long as you haven’t been careless with your card or PIN.

  • “Tap and go”: You can make contactless payments for purchases under $100 with VISA Paywave, Mastercard PayPass or AMEX Contactless.

  • Worldwide access: Both Mastercard and Visa have large worldwide access at over 30 million locations. While we couldn’t find a statement by AMEX confirming the exact number of worldwide locations where AMEX cards are accepted, AMEX is generally known to have less locations than Mastercard and Visa.

  • Rewards points and freebies: While the card scheme doesn’t necessarily determine the rewards and features you receive - as the individual bank or card provider will decide on the offerings - standalone AMEX cards issued directly by AMEX generally have more generous rewards programs than bank branded AMEX, Mastercard and Visa cards. But we suggest if rewards points are high on your priority list, one great way to decide between the three is to punch in your details into our rewards revealer.

  • Surcharge fees: Whether you’re picking up the groceries from the local shops or filling up at the bowser, you probably have been charged a surcharge fee for paying with a credit card at some point. This is because the merchant has to pay a fee to their bank to access the card scheme, which the merchant then decides to pass onto you. While merchant service fees for Mastercard and Visa are generally quite similar, AMEX is known to charge higher fees to merchants, thus the merchant may pass on a higher surcharge to the customer. Luckily, new rules have come into force in Australia banning excessive surcharges on credit card transactions.

What are common credit card fees?

Credit cards are a great convenience, as they allow you to spend in-store, online and overseas and take advantage of features like interest free days and rewards points, but this convenience can come at a price. So watch out for these fees that could end up costing you big bucks:

look out for common credit card fees
  • Annual fee: Each year you may be charged a fee for using the credit card, which could be anywhere from $0 to $1,450 according to the Mozo database. If you're paying a high annual fee, you should make sure it is worth your while with generous rewards points and other perks that you can make regular use of like international travel insurance. But if you're a no frills type of person who pays your credit card bill on time each month and doesn't use credit card perks like rewards, there's no reason you should be forking out money for an annual fee. Look for a no annual fee credit card instead.

  • Cash advance fee: Withdrawing cash on your credit card is a major money drain, as you will not only be charged the cash withdrawal fee (usually a percentage amount around 3% of what you withdraw) but will also incur a high cash advance rate that can soar over 20%. And unlike purchases, interest free periods don't apply for cash advances so you'll be charged interest from the day you make the cash advance until the day you clear your credit card balance.

  • Overseas currency conversion fees: If you regularly jetset overseas, a standard credit card could see your overseas travel money bills soar, as every time you spend on the card you could be hit up with a pricey currency conversion or foreign exchange fee which can be anywhere between 0%-4%. So when you're planning your next international vacay, search Mozo's travel credit card section for some plastic that has low or no foreign currency conversion fees whatsoever.

  • Late payment fee: When you don't pay your balance by the due date you could be hit up with a late payment fee of around $10-$30 on top of the interest charged. So as suggested above, set up automatic repayments so you never miss the due date.

Which is better a credit card or personal loan? 

Ah, the age old debate of plastic versus personal loans. The truth if there are pros and cons to both options - it all depends on what type of borrower you are. 

Credit Card Pros 

  • Provides you with the flexibility to pay as you please

  • Potential honeymoon period if you opt for an interest free intro offer or take advantage of interest-free days 

  • Option to earn points for your spending through a rewards program

Personal Loan Pros 

  • Set borrowing amount

  • Consistent repayments, with the option to make additional contributions in some instances 

  • In some cases, borrowers with a good credit score can receive lower rates, sometimes as low as 3% 

Credit Card Cons 

  • Standard credit card interest rate sitting at a hefty 17%  

  • Annual fees can go up to $900 or more

  • No enforced payment plan, only requires minimum monthly repayment that is generally around 2% - 3>#/p###

Personal Loan Cons 

  • Some loans come with hefty application or upfront costs when you first sign up 

  • You could face application, ongoing service, or early repayment fees 

  • Set repayments can sometimes be tricky to pay back, not as much flexibility when it comes to paying down debt

How do I compare credit card deals?

Ready to start comparing? Our credit card comparison table at the top of the page can help you see some great-value deals in the market right now and comparing on the features that are most important to you, whether that be low interest rates or 0% balance transfer offers or rewards programs. Once you've found a card offering a great deal on the feature most important to you, be sure to check the other features of the card to make sure you're not going to get stung by a huge annual fee or a hefty purchase rate.

Alternatively you can use our credit card search tool to punch in your details for a personalised search result. And if you're looking to save on interest by switching from your current card to a card with a lower rate, our Switch & Save Calculator will show you how much you could save by finding a cheaper card.

What will I need to apply?

There are two main things you will usually need to apply for a credit card in Australia:

1. Identification: The bank or credit card provider will ask for details of your identification like your Australian driver's licence number. You will also need to be an Australian resident and usually over the age of 18.

2. Financial details: They'll also want to know details of your employment and how much you earn. Each provider will have their own income requirements, for example if you're applying for a basic credit card you may only need to earn a minimum of $15,000 each year, compared to a premium card that will have a higher income requirement of generally over $65,000 per annum.

Could my credit card application be rejected?

Credit card providers can, and commonly do, reject applications for a number of reasons. When assessing your application, the provider will take into account a number of factors including your job stability, earnings, expenses and credit history. Any of these areas can be grounds for rejection, as can other more basic issues such as not meeting citizenship or residency requirements, being under the minimum age limit and not earning enough to meet  the minimum income requirement for the card.

A card provider may also reject your application if you've applied for several credit cards in a short space of time, as this may indicate that you are struggling financially. To maximise your chance of being approved, don't apply for a credit card without first checking that you can meet the application requirements and don't apply for a credit card unless you seriously intend to use it.

Finally, even something as simple as entering incorrect information on your application can be grounds for rejection, as a something like an incorrectly entered driver's licence number for instance can make it difficult for the card provider to verify your identity. Always read over your application before you submit it and double check that all the information you've entered is correct.

What should I do if I've been declined?

If you've been rejected for a credit card, don't make the problem any worse by immediately applying for another card. This could more than likely add another black mark on your credit record, as any credit card rejection will show up on your report.

The first thing to do is get in touch with a credit bureau to request a copy of your credit report. This will tell you if your credit rating needs improving, or if there are any mistakes on your report that could have led to your rejection. If your credit rating is less than stellar, make a plan to try and improve it. This could include consolidating outstanding loans or cards into a debt consolidation loan to help you pay off the debt faster. If you've spotted an error on your report, you can contact the credit agency to try and get it fixed. 

The other area to review is your monthly expenses. See if there are big expenses you can cut down and set a simple budget to try and reduce your everyday spending.

Once a bit of time has gone by and you've been able to fix some of the above issues, you could try applying for another credit card again. Just because you've been declined once doesn't necessarily mean you will always be declined.

What is the future of credit cards?

It's clear that customers are now wanting more from their credit cards and payment methods. For example, recent Mozo research shows a shifting interest toward buy now pay later products instead of traditional cards. Of course, these new platforms are not a replacement for a credit card, our report concluded, but rather are simply seen as a good way to manage payments by instalments. 

New technology affords a fresh take on what is essentially borrowing money. So, credit remains important to consumers but maybe the delivery of that credit is equally important. Increasingly we have been wondering about the future of credit cards here at Mozo, which culminated in a special investigative feature that you can read here, entitled 'What is the future of credit cards?'

Picture of JP Pelosi
JP Pelosi
RG146
Managing editor

Managing Editor Jean-Paul (JP) Pelosi leads the editorial team, with over 20 years of experience writing for top outlets like The Guardian, The Sydney Morning Herald and News.com.au. JP's expertise in home loans and property is complemented by his rich background at major financial firms including CommBank, Suncorp and Amex. Holding a Master's in Communications and international experience in journalism, JP combines passion with skill and has a unique ability to apply this editorial experience and financial knowledge to advise the team on how to create engaging financial content for Australian consumers.

Credit Card Reviews

28 Degrees Credit Card
Overall 1/10
Do NOT open a 28 Degrees Card

If you are considering opening a 28 degrees account, do not. Every interaction with their customer service representatives has been infuriating, they have given incorrect information, their go to action is to transfer you to someone else so you can start the conversation all over again, and closing your account is proving to be near impossible. While their communication when it comes to closing your account is non-existent (customer service emails never answered, 'error' messages every time you attempt to close your account), they are extremely punctual when it comes to charging you fees.

Read full review

If you are considering opening a 28 degrees account, do not. Every interaction with their customer service representatives has been infuriating, they have given incorrect information, their go to action is to transfer you to someone else so you can start the conversation all over again, and closing your account is proving to be near impossible. While their communication when it comes to closing your account is non-existent (customer service emails never answered, 'error' messages every time you attempt to close your account), they are extremely punctual when it comes to charging you fees.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Jodie, Victoria, reviewed 14 days ago
Commonwealth Bank Low Rate Credit Card
Overall 2/10
Banks can't be trusted in the interest of customer

They will not go out of their way to help their customers If there is a problem or a better method or way of paying that would save you money they never tell you In fact unless you find out yourself they will keep you in ignorance

Read full review

They will not go out of their way to help their customers If there is a problem or a better method or way of paying that would save you money they never tell you In fact unless you find out yourself they will keep you in ignorance

Price
3/10
Features
4/10
Customer service
3/10
Convenience
6/10
Trust
1/10
Less
Christina, Queensland, reviewed 14 days ago
Commonwealth Bank Smart Awards Credit Card
Overall 10/10
Really good company great cards great service.

I love Commonwealth Bank. It’s so easy to use and support team are very kind. Some pros are that the app is really easy to use and the cards came at a very appropriate time. Some cons contactless cash is a little bit hard to use. Overall it’s a really great service.

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I love Commonwealth Bank. It’s so easy to use and support team are very kind. Some pros are that the app is really easy to use and the cards came at a very appropriate time. Some cons contactless cash is a little bit hard to use. Overall it’s a really great service.

Price
7/10
Features
8/10
Convenience
7/10
Trust
10/10
Less
Ben, Victoria, reviewed 14 days ago

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