The credit cards offering major cashback right now

australian money hundreds earned as cashback on rewards credit cards

Found yourself reaching for your credit card a little bit more often recently? The rising cost of living has put strain on all of us, with new July 1 changes adding extra costs to energy bills and phone plans. While balancing costs can be a challenge, it’s always nice to get a bit of a reward back in your pocket.

Most rewards credit cards prioritise building points, allowing you to build up a balance of points for use on flights, hotels, vouchers, and goods. While we all love rewards built up over time, there’s nothing more rewarding than cash in your hand in exchange for spending money.

Though many credit cards have cut their cashback offerings recently, we’ve managed to find some of the remaining few for you to compare.

Want to work out which credit card is best for you? Take our quiz and find out. For more credit card selections, find our award-winners and editors’ picks with Mozo’s best credit cards.

Westpac Low Rate Card (Cashback Offer)
  • Up to $250 cashback offer (conditions apply)
  • $59 annual fee
  • Purchase rate of 13.74% p.a.
Find out more

With both a cashback offer and balance transfer offer available, the Westpac Low Rate Card has something for all kinds of credit card users. With their cashback offer, apply before 29 June 2023 to receive up to $250 cashback - $50 for each month you spend $1,000 or more on eligible purchases for the first 5 months. Alternatively, you can choose a balance transfer offer and receive 28 months at a 0% p.a. balance transfer rate (after which the rate will revert to the variable cash advance rate) with a 2% balance transfer fee. These offers are for new cards only. The card holds a $59 annual fee and, with a 13.74% p.a. purchase rate, could be a great everyday option.

NAB Low Rate Credit Card
  • Up to $300 cashback offer (terms and conditions apply)
  • $59 annual fee
  • Purchase rate of 12.49% p.a.
Find out more

The NAB Low Rate Credit Card, with both a balance transfer offer and a cashback offer to choose from, has plenty to show for itself when it comes to choosing a low rate credit card. With a $59 annual fee and 12.49% p.a. purchase rate, this could be a good option for those trying to keep additional costs low. New cardholders choosing the cashback option will also be able to earn up to $300 in cashback – $100 per month for the first 3 months from account opening when they spend $500 per month on purchases (terms and conditions apply). Choosing this offer also comes with a 0% p.a balance transfer offer for 12 months, but there is a 3% balance transfer fee to keep in mind.