Credit card features

Your credit card has many benefits and features you may not even be aware of; some help you out when travelling, others will save you money while and you can even get a credit card that makes you feel like a celeb! So take a look at Mozo’s comprehensive list of plastic perks so you make the most of your credit card features.

Ready to make your choice? Compare credit cards. - last updated 28 October 2021

Search promoted credit cards below or do a full Mozo database search. Advertiser disclosure
  • Apply By 31 Oct 2021
    Bendigo Bank Low Rate Credit Card

    0% p.a. on purchases for up to 12 months (Reverts to 11.99% p.a). Also 0% balance transfer for up to 12 months. Low annual fee of $45 and no fees for additional cardholders.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    0% p.a. for 12 months then 11.99% p.a.
    0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
    $45
    -
    Details
  • Great Southern Bank Low Rate Credit Card

    0% balance transfer rate for 25 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
    -
    Details
  • MoneyMe Freestyle Virtual Mastercard

    Use your virtual card instantly once approved (typically within 60 minutes). Features include Tap n Pay with up to 55 days interest-free, transfer money to any bank account and exclusive access to MoneyMe perks. $0 annual fee for lower limits. Must be employed with decent credit history.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    16.99% p.a.
    No current offer
    $209 $0 - $149 based on credit limit, $5/month for balances over $20.
    -
    Details
  • Apply By 10 Oct 2021
    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.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    23.99% p.a.
    No current offer
    $99
    -
    Details
  • Westpac Low Rate - Cashback Offer

    Enjoy a super low rate of 13.74% with 55 days interest free plus $400 Cashback with $4k+ spend on eligible purchases within 4 months of card approval. No annual card fee for the first year, $59 thereafter. New Cards only. Offer ends November 30th 2021. T&C's and exclusions apply.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    13.74% p.a.
    No current offer
    $59 $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
  • Great Southern Bank Platinum Credit Card

    0% p.a. balance transfer for 25 months, $0 annual fee for the first year and also receive 1 rewards point for every dollar spent. Purchase protection insurance. Mozo Experts Choice Balance Transfer Platinum Credit Card Winner 2020^.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    19.99% p.a.
    0% p.a. for 25 months and then 21.74% p.a.
    $149 $0 in the first year
    Great Southen Bank Platinum Rewards
    Details
  • 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
    -
    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
  • American Express Low Rate Credit Card

    Competitive low rate with $0 Annual Fee. Get $100 back when you apply online by 27 October 2021, are approved and spend $1,000 on your new Card by 31 December 2021. T&Cs apply. New Card Members only. 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 30 Nov 2021
    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
  • 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. New Cards only. Offer ends November 30th 2021. T&C's and exclusions apply.

    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
    -
    Details
  • 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

Interest rates:

A low credit card interest rate is usually around 14% while some can be as high as 18%. The interest is not only on calculated on purchases you make but cash advances and balances transfers too. So it’s important to shop around and find a card with a low interest rate, especially if you’re unlikely to pay off your balance in full each month. Compare some of the best low interest credit cards on the market. It may sound too good to be true, but also keep your eye out for interest free credit cards. Enjoy a 0% interest rate on purchases for a period of 3, 6 or even 12 months.

Fees

Before even reading this guide you are probably well aware that credit cards come with a fair share of fees. Be it an annual fee, cash advance fee, late payment fee or overseas currency conversion fees some are hard to avoid. However, if you do your research you can find great deals on no annual fee credit cards, and in a few cases you can avoid an annual fee. Just what you like to hear isn’t it! To learn more about fees, read Mozo’s guide on avoiding credit card fees.

Free travel insurance:

This is a great feature to have, especially when you have the travel bug. A lot of credit card providers will offer complimentary travel insurance to its customers. Mozo found that 87 out of 201 credit cards in our database include free travel insurance. Make sure you read the fine print before you head off to know exactly what is and isn’t covered in your policy. If you need to take out additional comprehensive travel insurance search our travel insurance database.

Travel extras:

Who doesn’t love travel perks and freebies!? Your credit card may offer you a free domestic flight each year, airline lounge access or chauffeur driven airport travel. 

Concierge:

A credit card concierge service has become a popular feature on many rewards cards. Our advice, make the most of it! It is a 24/7 service in which you call a number and get assistance for things like dinner reservations, travel, shopping, personal trainers etc.

Security:

Almost every card has chip technology, so it can’t be copied and put onto counterfeit cards. Also find out from your provider what security guarantees they offer in terms of fraud.

Purchase protection:

Purchase protection is a reassuring feature to have on your credit card, especially if you’re a big spender. The insurance protects you for a set period of time after you have made a purchase and covers theft, damage or even loss of item.

Guaranteed pricing:

There’s nothing worse than purchasing an item then finding that same item advertised a lot cheaper somewhere else. This is where guaranteed pricing insurance comes in handy. When you have this feature on your credit card, your provider will pay you the difference between what you paid and the sale price. 

Rewards:

Get rewarded for your spending with frequent flyer miles, accommodation, cash back, shopping gift cards and more! As good as it may sounds, reward cards usually have higher interest rates and annual fees. Use the Mozo rewards revealer tool to find the best rewards card for what you’re interested in. 

‘Tap and Go’:

It’s a simple, secure and convenient way of paying for purchases under $100 with VISA Paywave, MasterCard PayPass or AMEX Contactless. Mozo can help you find the best credit card deals in Australia with all the latest features, compare over 195 credit cards from 58 banks. 

Card program extras

Visa and MasterCard are two of the most popular credit card brands in the world. While most Australians would have one or the other, many people wouldn’t know the difference between the two as they have similar features and usability. However, each brand does come with its unique programs and campaigns. For example:

  • MasterCard Priceless Cities: Eat, play, shop and stay at some unique places, exclusive places to MasterCard holders.
  • Visa Entertainment: If you love heading out for live entertainment this Visa card program has your name written all over it! It provides Visa cardholders access to exclusive tickets pre-sale as well as offers and competitions to some of the greatest entertainment brands in the world. 

Finding the right credit card for you

We’ve gone through many of the important features you should consider when shopping around for a credit card, now it’s about finding the right one to suit you. With over 200 credit cards on the market this can be an overwhelming process. Taking in mind the features we’ve talked about above, think about the following questions and this this will help you navigate in the right direction when finding the right credit card for your circumstances.

  • Where do you shop?
  • Are you a big spender?
  • Do you like to travel frequently?
  • Do you plan to pay off your balance in full each month?
  • Will you pay your credit card bill on time?
  • Do you have a good credit rating?

10 tips for getting the best value from your card’s perks

#1 Make the most of the interest free period on your credit card

#2 Before buying travel insurance, check to see what’s included in your cards policy 

#3 Align your rewards with your interests and goals 

#4 Put all your spending on one card to maximise its rewards/points. 

#5 Use up any reward points you’ve accumulated before they expire 

#6 Save yourself time and even money by making the most of the concierge service on offer 

#7 Pay your credit card bill on time to avoid a late payment fee 

#8 Plan in advance when you’re going to take advantage of your free domestic flight 

#9 Look how long you have to make a claim under the ‘guaranteed pricing’ policy it can vary from 21 – 60 days 

#10 Make sure you are well aware of all your card’s perks so you can make the most of them!

^See information about the Mozo Experts Choice Credit Card Awards

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