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Which credit card is best for me?

lady with fanned out credit card options ponders which credit card is right for her

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Having trouble deciding which kind of plastic will be the best fit for your wallet? Well, there’s a really easy way to do it - you can use our handy decision tree to lead you to the right choice:

What do your results say about you?

Balance transfer credit card

If a balance transfer card is calling to you, you're looking to take charge of your finances. Money management might not have always been a strong suit and you've racked up a bit of debt, but you've acknowledged that and you're ready to slash that debt down to nothing. Take advantage of an extended 0% p.a. interest rate when you transfer existing debt and hold back from spending to see that willpower pay back in spades.

No annual fee credit card

You're savings savvy and you know it! If you want to keep a credit card on hand in case of emergency, or don't see the fuss in the bells and whistles of extra rewards, you'll like the ease of a no annual fee card. If you like keeping things simple, you'll delight in the lack of unnecessary extras - and in exchange, you don't have to pay a fee just to keep a card on you.

Low interest credit card

If you landed up on a low interest credit card, chances are you've been known to bite off slightly more than you can chew. For months when you don't manage to pay back your credit card balance in full, a low interest card keeps things from stacking up too high - meaning you won't end up snowballing quickly into huge amounts of debt with a sky-high interest rate. If you can keep on top of those payments, though, you might surprise yourself with the extra benefits you'll discover.

Rewards credit card

You're all about a deal, and a rewards credit card can score you just that - if you're savvy and sensible about it! Every rewards card has different fees and requirements, so make sure you end up with the one that fits your lifestyle and you could find yourself getting some seriously game-changing goodies - we're talking supermarket cashbacks and free flights.

Platinum rewards credit card

Someone likes a little bit of luxury! There's nothing wrong with that, and a premium rewards card (that's the ones with fancy names like platinum, titanium, and diamond - don't mind if I do!) will definitely tickle your fancy. Depending on the card, you might be able to score extras like premium airport lounge access, hotel upgrades, and free accomodation, so it's no surprise that these cards tend to be attached to some hefty annual fees and yearly earning and spending requirements. If you can afford it, though, make sure to explore the rewards card options to find the option that inspires you.

Start comparing now with our credit card comparison table! For some standout picks, take a look at a roundup of Mozo's best credit cards.

Credit Card Comparison Table - last updated 4 March 2024

Search promoted credit cards below or do a full Mozo database search. Advertiser disclosure
  • 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
  • American Express Platinum Edge Credit Card

    Enjoy $0 Annual Card Fee (usually $195) in the first year when you apply online and are approved. T&Cs apply. New Card Members only. Offer subject to change without notice.

    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $195 $0 in the first year
    Rewards program
    Membership Rewards
    Compare
    Details
  • Apply By 2 Apr 2024
    American Express Qantas Ultimate Card

    Receive 100,000 bonus Qantas Points when you apply online by 2 April 2024 , are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate 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
    $450
    Rewards program
    Qantas Frequent Flyer
    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. Complimentary domestic & international Travel Insurance (T&Cs apply). Up to 55 days interest free on purchases. $395 annual fee.

    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $395
    Rewards program
    Membership Rewards
    Compare
    Details
  • Apply By 6 Feb 2024
    American Express Velocity Platinum Card

    Earn 100,000 bonus Velocity Points when you apply online by 15 May 2024, are approved, and spend $3,000 on eligible purchases on your new American Express Velocity Platinum 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
    $375
    Rewards program
    Velocity Frequent Flyer
    Compare
    Details
  • American Express Qantas Discovery Card

    Earn 1.75 Qantas Points on eligible Qantas products and services per $1 spent (T&Cs apply). Enjoy $0 Annual Card Fee. Get the security of Card Refund and Purchase Cover. Up to four additional Cards at no extra fee. Redeem your points for Classic Flight Rewards (T&Cs apply).

    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $0
    Rewards program
    Qantas Frequent Flyer
    Compare
    Details
  • American Express Low Rate Credit Card

    Competitive low rate with $0 Annual Fee. Offers Card Refund Cover and Card Purchase Cover. Must have no history of bed debt or payment default, be aged 18 years and over, and be an Australian citizen, permanent resident, or hold a long term visa.

    Purchase rate
    10.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $0
    Rewards program
    -
    Compare
    Details
Sara Borman
Sara Borman
Money writer

Using her Bachelor of Communications in Writing, Sara has spent her professional career creating content and crafting copy. Her writing has been published in academic journals and literary anthologies in the US and Australia. She’s determined to make the world of finance accessible and loves finding a way to make money interesting to the everyday person.

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