5 credit card features you may not know about (and might save you money)

woman researching credit card features on her laptop

When it comes to a credit card, hefty interest rates and annual fees might spring to mind. 

And while it’s true that some cards do have high interest rates and fees attached to them, it may be because they come with a bunch of bonus features. 

Credit card providers include these benefits in their products to help customers save on things like interest and travel insurance, or offer up protections on purchases for a more secure shopping experience. 

While bonus features can sound fun, it is worth considering if you’ll actually take advantage of them. In other words, is the cost of the card (such as the interest rate and fees) worth its benefits?

So what are some of these credit card bonus features? Read on and find out … 

1. Interest-free days 

Currently on the Mozo database, the average credit card interest rate sits at 16.88%. However, over 200 credit cards on the Mozo database offer up interest-free days, from up to 44 all the way to 110. 

What are credit card interest-free days? 


In a nutshell, interest-free days is the period of time after you make an eligible purchase that you won’t be charged interest on that transaction. But the catch is, you don’t receive the maximum amount of interest-free days on every purchase you make. It all depends when in the statement period the transaction occurs. 

Take this example:
Let’s say your card offers 55 interest-free days. Here’s a breakdown of how many interest-free days you’d receive when you make purchases on particular days.

interest free days credit card explainer graphic

Ultimately, the more interest-free days you have the better, as it’ll mean you have longer to pay down your debt without being charged interest. Just remember though, you need to pay down your balance in full by the due date to avoid interest charges. 

2. Purchase protection 

Some credit cards come with a feature called purchase protection. This is where something you buy may be covered under your card’s purchase protection policy if it is lost, stolen or accidentally damaged. 

Depending on the provider and the policy, there are different terms and conditions of purchase protection from credit card to credit card. So while one option may cover a cracked screen on a brand new iPhone, others may not … so it’s worth reading over the policy before signing the dotted line so you know what you’re covered for. 

3. Extended warranty

Many Aussie retailers offer manufacturer’s warranties on their products, and some platinum and rewards credit cards offer extended warranties. What this means is, the warranty on the item you buy is extended, so it’s protected for longer.  

4. Price protection 

It can be frustrating when you buy a product from one retailer and find it cheaper somewhere else. But that’s where price protection on your credit card can come in handy. 

Some credit card providers offer this type of guarantee, where if a consumer purchases an item using the card but finds it cheaper somewhere else, they can be refunded the difference. In this instance, cardholders must alert their credit card provider of the cheaper item and meet any conditions under the cover (such as a time limit or minimum price difference). With that in mind, make sure you read through the price protection policy so you are aware of all the T&Cs. 

5. Travel insurance 

Another big bonus feature that is available on some rewards and travel credit cards, is complimentary travel insurance. This may come in the form of international travel insurance, interstate flight insurance or transport accident insurance. These types of insurances cover things like flight cancellations or delays, emergency cover, luggage loss or travel accidents. 

Bear in mind, in most cases you need to activate your travel insurance before your trip in order to be covered by the time you leave. This usually involves spending a certain amount on travel expenses prior to your departure, such as flights or accommodation. 

There may also be limits on the amount of cover you receive and other T&Cs, so you may need to take out additional travel insurance outside of your credit card to be fully covered. 

Want to compare credit card options? Take a look at these hot offers below or jump over to our credit card comparison table for even more!

Compare credit cards - last updated 27 November 2021

Search promoted credit cards below or do a full Mozo database search. Advertiser disclosure
  • Apply By 28 Feb 2022
    Bendigo Bank Low Rate Credit Card

    0% p.a. on purchases for up to 18 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
    0% p.a. for 18 months then 11.99% p.a.
    No current offer
    $45
    -
    Details
  • humm90 Mastercard

    With up to 110 days interest free on your spending, this card is pretty unique in the market, and great for managing your daily spend. Plus, no foreign transaction fees overseas or online. Plus $400 cash back when you spend $4,000 on eligible purchases within first 120 days (T&Cs apply).

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    23.99% p.a.
    No current offer
    $99 $0 in the first year
    -
    Details
  • Latitude Gem Visa

    Enjoy now. Pay later with Latitude. 0% interest for 6 months (purchases over $250). 0% interest payment plans at selected retailers. Up to 55 interest free days. Apply in less than 10 minutes. Must be over 18 to apply.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    19.95% p.a.
    No current offer
    $107 $8.95 monthly fee waived if outstanding balance less than $10
    -
    Details
  • Apply By 30 Nov 2021
    Mozo Expert Choice Badge
    American Express Explorer® Credit Card

    Receive 240,000 Bonus Membership Rewards Points when you apply online by 30 November 2021, are approved and spend $3,000 on your new Card within the first 3 months. T&Cs apply. New Card Members only.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    20.74% p.a.
    No current offer
    $395
    Membership Rewards
    Details
  • 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
    Details
  • NAB StraightUp Card

    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
    -
    Details
  • St.George No Annual Fee

    0% p.a. for 12 months on APR requested at card application. The special promotional purchase rate applies from card approval, after the promotional period, the rate will switch to the variable purchase rate. New cards only, Eligibility criteria and T&Cs apply. Offer ends February 24th 2022.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    0% p.a. for 12 months then 20.74% p.a.
    2.99% p.a. for 15 months and then 21.49% p.a.
    $0
    -
    Details
  • Mozo Expert Choice Badge
    American Express Low Rate Credit Card

    Competitive low rate with $0 Annual Fee. Offers purchase and refund protection. Customers need an annual income of $50,000 or more.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    8.99% p.a.
    No current offer
    $0
    -
    Details
  • Apply By 24 Feb 2022
    St.George Vertigo

    0% p.a. for 32 months on balance transfers requested at card application. 0% balance transfer fee applies. Rate then switches to applicable variable cash advance rate. No annual fee for the first year, $55 thereafter. New cards only, Eligibility criteria and T&Cs apply. Offer ends February 24th 2022.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    0% p.a. for 6 months then 13.99% p.a.
    0% p.a. for 32 months and then 21.49% p.a.
    $55 $0 in the first year
    -
    Details
  • Virgin Money Low Rate Card

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    11.99% p.a.
    0% p.a. for 15 months and then 21.69% p.a. (1.00% balance transfer fee)
    $99
    -
    Details
  • Mozo Expert Choice Badge
    American Express Cashback Credit Card

    Get 5% Bonus Cashback in the first 3 months and no monthly fee for the first 12 months. Additional 1.5% cashback with American Express Shop Small Campaign (conditions apply). Complimentary perks and insurances. Eligibility criteria and T&Cs apply.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    20.74% p.a.
    No current offer
    $120 $0 in the first year
    Cashback Rewards
    Details
  • NAB Low Rate Card

    0% p.a. interest on balance transfers for the first 32 months, plus a low ongoing purchase rate after that means you can spend with confidence. There's also up to 55 interest free days on purchases to help you manage your budget better.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    12.99% p.a.
    0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
    $59 $0 in the first year
    -
    Details
  • Apply By 24 Feb 2022
    Westpac Altitude Platinum

    Earn up to 75,000 bonus Qantas Points ($4k min. spend in the first 90 days on eligible purchases). 0% p.a. for 24 months on balance transfers requested at card application. 1% BT fee applies. $49 First Year Annual fee and Rewards fee. New cards only. Offer ends February 24th 2022. T&C's and exclusions apply.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    20.49% p.a.
    0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
    $200 $99 in the first year
    Qantas Frequent Flyer
    Details

^See information about the Mozo Experts Choice Credit Card Awards

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