credit cards

Compare Australian Credit Cards

Credit cards are a handy way to pay for just about anything, which is why they’re so popular. Unlike a debit card, where you need funds in your bank account to make each purchase, a credit card lets you borrow money from an accredited lender. This money is paid back over a scheduled period, usually with interest applied.

Everything you need to compare credit cards is right here on Mozo. We compare over 200 credit cards from 60 providers to help you find the latest and some of the greatest credit card deals in Australia.

Credit card comparisons on Mozo - last updated 22 June 2021

Search promoted credit cards below or do a full Mozo database search. Advertiser disclosure.
  • Apply By 30 June 2021
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    Bendigo Bank Low Rate Credit Card

    0% p.a. balance transfer for 24 months (Reverts to 11.99% p.a). Low annual fee of $45 and no fees for additional cardholders.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    11.99% p.a.
    0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
    $45
    -
    Compare
    Go to site
    Details
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    St.George Vertigo

    0% p.a. for 28 months on balance transfers requested at card application. 0% balance transfer fee applies. Rate then switches to applicable variable cash advance rate. New cards only, Eligibility criteria and T&Cs apply. Offer ends September 28th 2021.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    13.99% p.a.
    0% p.a. for 28 months and then 21.49% p.a.
    $55
    -
    Compare
    Go to site
    Details
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    Mozo Experts Choice 2020
    American Express Qantas Ultimate Card

    Receive 120,000 bonus Qantas Points plus 120 Status Credits when you apply, are approved, and meet the minimum spend criteria of $4,500 in the first 3 months. T&Cs apply. Available to new Card Members only.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    20.74% p.a.
    No current offer
    $450
    Qantas Frequent Flyer
    Compare
    Go to site
    Details
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    Great Southern Bank Low Rate Credit Card

    0% balance transfer rate for 20 months and up to 55 interest free days. No annual fee for the first year and $49 after. Mozo Experts Choice Balance Transfer Platinum Credit Card Winner 2020^

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    11.99% p.a.
    0% p.a. for 25 months and then 21.74% p.a.
    $49 $0 in the first year
    -
    Compare
    Go to site
    Details
  • Apply By 7 September 2021
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    Westpac Low Rate

    Enjoy a super low rate of 13.74% with 55 days interest free plus 0% balance transfer for up to 28 months at 1% BT fee. No annual card fee for the first year, $59 thereafter.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    13.74% p.a.
    0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
    $59 $0 in the first year
    -
    Compare
    Go to site
    Details
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    Bankwest Breeze Mastercard

    Enjoy 0% p.a on balance transfers for 15 months then 9.90% thereafter. No annual fee for the first year. Limited time only. Other fees, T&Cs apply. New Breeze Mastercard customers only.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    0% p.a. for 15 months then 9.90% p.a.
    0% p.a. for 15 months and then 9.90% p.a.
    $49 $0 in the first year
    -
    Compare
    Go to site
    Details
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    MoneyMe Freestyle Virtual Mastercard

    A virtual card that’s available to use instantly once approved (approvals typically within 60 minutes). Tap n Pay, transfer money to friends and get awesome credit back offers from over 1,400 stores.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    16.99% p.a.
    No current offer
    $209 Annual fee may vary.
    -
    Compare
    Go to site
    Details
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    HSBC Platinum Credit Card

    0%p.a. on balance transfers for 36 months with no balance transfer fee. Terms and Conditions apply. Mozo Experts Choice Premium Rewards and Balance Transfer Platinum Credit Card Winner 2020.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    19.99% p.a.
    0% p.a. for 36 months and then 21.99% p.a.
    $129 $29 in the first year
    Rewards Plus
    Compare
    Go to site
    Details
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    NAB StraightUp Card

    $10/month - $1,000 Credit Limit

    Pay no interest and no late payment fees, just a $10 monthly fee for a $1,000 credit limit. Plus, if you don't make any purchases and have an outstanding balance of $0 during the whole statement period, the monthly fee will be reversed. Also pay no foreign currency fees when you shop online or overseas. Mozo Experts Choice Credit Card Innovation Winner 2020^.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    0% p.a.
    No current offer
    $120 $10/month - waived if no spend & no balance owing
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    Compare
    Go to site
    Details
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    Bankwest Zero Mastercard

    No annual fee and up to 55 days interest free on purchases. 0% p.a. on balance transfers for 26 months and then 14.99% p.a. thereafter (2% BT fee applies).

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    14.99% p.a.
    0% p.a. for 26 months and then 14.99% p.a. (2.00% balance transfer fee)
    $0
    -
    Compare
    Go to site
    Details
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    ME frank Credit Card

    Meet Frank, a low rate credit card with up to 55 interest free days and no annual fee. If simple, hassle free spending is your goal, you and Frank might be a match made in heaven.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    11.99% p.a.
    No current offer
    $0
    -
    Compare
    Go to site
    Details
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    NAB Qantas Rewards Premium Card

    65,000 bonus Qantas Points when you spend $2,500 within 60 days (T&Cs apply).

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    19.99% p.a.
    0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
    $250
    Qantas Frequent Flyer
    Compare
    Go to site
    Details
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    Mozo Experts Choice 2020
    American Express Qantas Discovery Card

    Receive up to 1.75 Qantas Points for every $1 spent on Card purchases (T&Cs apply). No annual fee for the life of the card. T&C’s apply. Mozo Experts Choice Qantas Frequent Flyer Credit Card Winner 2020.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    20.74% p.a.
    No current offer
    $0
    Qantas Frequent Flyer
    Compare
    Go to site
    Details
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    Bank of Melbourne Vertigo

    0% p.a. for 28 months on balance transfers requested at card application. 0% balance transfer fee applies. Rate then switches to applicable variable cash advance rate. New cards only, Eligibility criteria and T&Cs apply. Offer ends September 28th 2021.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    13.99% p.a.
    0% p.a. for 28 months and then 21.49% p.a.
    $55
    -
    Compare
    Go to site
    Details

^See information about the Mozo Experts Choice Credit cards Awards

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Credit Card Resources

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

FAQ

June market update: Credit Cards

As we enter June, we inch closer and closer to a new financial year. Over the past month, we’ve seen a slight dip in the number of changes within the credit card sphere. Here were those worth noting:

Following the opening of the NZ travel bubble, we’ve seen travel spending start to pick up. In fact, recent research from Citi has revealed a 61% increase in airline spending and a 23% increase in consumer spending.

“Spending is now slightly higher year on year compared to 2020. This strong rebound post-COVID is a pleasant surprise that speaks to the return of consumer confidence in the Australian economy,” said Choong Yu Lum, head of credit cards at Citi Australia.

Credit cards offer changes:

Here are some of the credit card offer changes that have taken place since last month’s check-in:

  • American Express recently reduced the number of bonus Membership Rewards points offered on its Explorer Credit Card from 90,000 to 50,000. Additionally, the number of bonus Qantas Points on offer with its Qantas Ultimate Card went up from 55,000 to 120,000, and the spend criteria increased from $3,000 to $4,500 in the first 3 months.

  • ANZ extended the 0% balance transfer period on its Low Rate card from 20 to 30 months.

  • CUA increased the interest-free balance transfer period on both its Low Rate and Platinum Credit Cards from 20 to 25 months.

  • Kogan Money increased the bonus credit on its Black Card from $300 for spending $1,500 in the first 90 days to $50 paid on the first eligible append within 30 days plus $350 when $2,500 is spent in the first 90 days.

  • Qantas Money decreased the number of bonus points available on its Qantas Premier Platinum card from 100,000 to 80,000, with no change in the qualifying criteria of spending $4,000 on the card in the first 3 months.

Which providers stand out?

This month the credit card providers offering some of the most value-packed products in the Mozo database include G&C Mutual Bank, HSBC, ANZ, Citi, Qantas Money and Westpac.

Another recent standout offer came from American Express with its Cashback Credit Card. As the name suggests, the card offers 1% cashback per $1 spent on eligible purchases, plus an extra 5% cashback per $1 for the first three months of owning the card (up to $200 cashback). 

Other notable movements were from Bankwest, slashing the interest rate on its Breeze Mastercard and Platinum Breeze Mastercard by 109 basis points to 9.90% p.a. Both cards now also feature a 0% p.a. purchase rate offer for 15 months.

Is it time we give credit card interest rates the chop?

Victorian Treasurer Tim Pallas has asked Federal Treasurer Josh Frydenberg to reduce credit card interest rates to keep up with the plummeting cash rate. He also asked for a full investigation into how credit card rates are set and regulated so interest rates remain under control.

And if recent Mozo research is anything to go by, his argument might not be that extreme. Our research from November last year revealed that by not passing on 4.40% in cash rate cuts over the last eight years, credit card providers have profited $6.4 million. 

Credit card deals of note in June: 

Written by: Rhianna Dews, Credit Cards writer, 3 June 2021.

Choosing your credit card match

Show transcript

Getting the best deal on your credit card

Option overload, it’s definitely a thing in the modern world, especially if you’re thinking of getting one of these puppies.

So, how do you find the best deal on a credit card? Did you know there are more than 200 credit card choices on the Australian market? Look, so, so many. Low interest rate, low fee, balance transfer, rewards. With all those options finding the card that’s right for you can be really hard work. Luckily there’s a place where you can save all that time and effort and see and compare a bunch of different options.

Depending on your financial circumstances, you may want a low rate card to keep your payments manageable, a card with flyer rewards to help you on your big escape, or other platinum perks, like concierge or travel insurance. It could be handy if you need it. Balance transfer cards with a 0% transfer rate help you get a handle on expensive credit card debt. Or, if you pay out your balance each month, a card with no annual fee to help keep costs down.

With so many options out there, doing the research to find the credit card that’s right for you will be worth it.

Head to Mozo.com.au to find out how you can get the best deal on your credit card.

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%

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.

Picture of JP Pelosi
JP Pelosi
Managing editor

Jean-Paul (JP) Pelosi is an experienced journalist and editor who has contributed to many of Australia's leading media outlets including The Guardian, News.com.au, Domain.com.au, Investment Magazine and ANZ's Bluenotes. He has also edited news and communications for large financial services companies such as CommBank, Suncorp, Allianz and Amex. He loves a well told story and applying his editorial experience to content that readers both care about and enjoy. JP heads up our writing team.

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They store my money and allow me access to it. What more can one expect from any bank with interest rates at rock bottom.

Price
5/10
Features
5/10
Customer service
5/10
Convenience
5/10
Trust
5/10
Less
David, Queensland, reviewed 29 days ago
ANZ Credit Card review
Overall 1/10
Unreasonable account blocking

ANZ have flawed processes. I always paid off my credit card in full. In the last 2-3 years I have had to be reminded that I had missed a payment In the first instance I was not in a position to pay the outstanding amount until the evening, which I did, in the latest incident I paid immediately. In both situations my card was blocked. In neither situation was I advised that there was a block on the account. In the first occurrence I was in rural nsw and needed to pay for petrol prior to catching a plane. Had I not had a card from another institution it is unlikely that the service station would havegiven credit. As a result of these two instances I cancelled my card. This apparently blocks on line access to the account so couldn’t check my balance nor did I receive any direct communication from Anz I have now been told what my balance is but have incurred penalties for late payment. They will not reinstate on line access. Which is entirely unreasonable as it is my data and i require access for accounting and taxation purposes

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ANZ have flawed processes. I always paid off my credit card in full. In the last 2-3 years I have had to be reminded that I had missed a payment In the first instance I was not in a position to pay the outstanding amount until the evening, which I did, in the latest incident I paid immediately. In both situations my card was blocked. In neither situation was I advised that there was a block on the account. In the first occurrence I was in rural nsw and needed to pay for petrol prior to catching a plane. Had I not had a card from another institution it is unlikely that the service station would havegiven credit. As a result of these two instances I cancelled my card. This apparently blocks on line access to the account so couldn’t check my balance nor did I receive any direct communication from Anz I have now been told what my balance is but have incurred penalties for late payment. They will not reinstate on line access. Which is entirely unreasonable as it is my data and i require access for accounting and taxation purposes

Customer service
2/10
Convenience
5/10
Trust
2/10
Less
Jim, Victoria, reviewed 29 days ago

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