credit cards

Mastercard Credit Cards

With exclusive perks, a huge global ATM and merchant network and cutting edge payment technologies, what’s not to love about a Mastercard branded credit card? Check out and compare some of the latest deals from Australian credit card providers in the table below.

Credit card comparisons on Mozo - last updated February 27, 2021

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

    0% p.a. balance transfer for 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
    11.99% p.a.
    0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)
    $45
    -
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    Details
  • Bankwest Zero Mastercard

    No annual fee and up to 55 days interest free on purchases. Get a notification before your minimum payment is due by setting up Easy Alerts in the Bankwest app.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    17.99% p.a.
    2.99% p.a. for 9 months and then 17.99% p.a.
    $0
    -
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    Details
  • Hot DealLimited time cashback offer
    Westpac Low Rate

    Enjoy 0% p.a. interest on balance transfers for the first 24 months. Get $200 cashback with $1k minimum spend on eligible purchases within 90 days of card approval. 55 interest free days and low on-going rate of 13.74% on all purchases.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    13.74% p.a.
    0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
    $59
    -
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    Details
  • 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
    -
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    Details
  • Bankwest Breeze Mastercard

    Enjoy 0% p.a on balance transfers for 26 months (2% BT fee applies) then 10.99% thereafter. No annual fee for the first year. Limited time only. Other fees, T&Cs apply. New Mastercard Breeze customers only.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    10.99% p.a.
    0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)
    $49 $0 in the first year
    -
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    Details
  • Apply By May 31, 2021
    Citi Simplicity

    There is no annual fee ever, you'll get up to 55 days interest free, free wine when you dine with the Citi Dining Program and the convenience of worldwide acceptance with Visa and Visa payWave. Plus for the first 6 months you'll enjoy 0% on balance transfers.

    Purchase rate
    Balance transfer rate
    Annual fee
    Rewards program
    0% p.a. for 6 months then 21.49% p.a.
    0% p.a. for 6 months and then 22.24% p.a.
    $0
    -
    Compare
    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

What you need to know about Mastercard credit cards

Whether you’re after a balance transfer card to blast debt or a plastic that will reward you for your purchases there is a Mastercard credit card out there for you. But with so many options on the market, comparing credit cards can get a little tricky. Fortunately, we have put together this list of FAQs to help you choose the perfect Mastercard credit card.

What is Mastercard?

First thing’s first, Mastercard does not issue credit cards, banks do. Mastercard is the payments processing company some Australian banks partner with to enable you to shop, dine and pay for experiences almost anywhere in the world with a credit or debit card. What this means for you as a credit card customer is that a lot of the features - purchase rates, interest free periods or annual fees - on the credit cards you see above aren’t actually set by Mastercard but the bank or credit provider you choose to bank with.

What are the benefits of choosing a Mastercard credit card?

Mastercard might not set the fees or rates on your credit card but it still brings a lot to the table when it teams up with a bank, like a world-class security system and exclusive perks programs. The key benefits include: 

Protection against credit card fraud

Credit card fraud might be one of your biggest fears, but you can enjoy some serious peace of mind thanks to Mastercard’s Zero Liability Protection promise. This ensures that you won’t be held accountable for any unauthorised transactions made in person, over the phone, online or at an ATM so long as you’ve been careful with your card details and have reported it stolen or lost to your bank or financial institution in a timely manner.

Exclusive perks

The days of having a credit card simply to power your purchases are over. Nowadays, you can get access to deals on a whole range of social activities and events via the Mastercard Priceless Cities program. Whether it be a fine dining experience, cheap tickets to the must-see game in town or a free hotel upgrade, this program allows you to get the most of your experience in cities around the world.

Some credit card providers like Bankwest or HSBC even go that little bit further and also offer a World Mastercard which has even more exclusive deals on dining, golf and travel experiences all around the world. These cards are generally tailored to the frequent traveller and premium card holder which means that will usually have larger annual fees than standard Mastercards.

Innovative payment tech

When it comes to making payments, as a Mastercard credit card holder you can be assured that your transactions will be backed by cutting edge technology. Every Mastercard issued now comes with the popular PayPass chip allowing you to make contactless payments of less than $100. If you are a fitness aficionados, thanks to the Fitbit Pay partnership Mastercard users  have the option to pay using their Fitbit Ionic device. 

Global access to your money

Mastercard is accepted by merchants in more than 200 countries around the world and at more than one million ATMs, so whether you’re using your credit card on a daily basis at home or on overseas travel trips - you’ll be able to make purchases almost anywhere at anytime. Just keep in mind that some card issuers (aka banks or credit institutions) may impose fees like a cash advance or overseas purchase fee when using your Mastercard credit card. 

How do I compare Mastercard credit cards?

When opting for a Mastercard credit card, it is still important to consider the individual bank-issued credit card features on offer. Some of the things you should be keeping an eye out for include:

Introductory offers

Some cards come with introductory offers, whether it be a bonus points offer for your rewards card or an extended 0% interest free period on your balance transfer credit card. While these are great headline features, remember to dig that little bit deeper to find out the range of rates and fees that also come with the card.

Complimentary insurances

Complimentary insurances are one of the greatest perks of a credit card, and come in a few different shapes and sizes. These include:

Overseas travel insurance: Some Mastercards come with in-built travel insurance which can take the hassle out of your overseas adventures. Just bear in mind that, to activate the complimentary travel insurance, some card providers require you to pay part of your travel expenses on the card and have a return ticket.

Purchase protection insurance: If you like to use your Mastercard for big-ticket purchases, choosing a card with purchase protection insurance could be just what the doctor ordered. This works by protecting new purchases, whether it be a fresh set of headphones or a brand new television, for a set amount of days (usually around 90) against theft or accidental damage.

Extended warranty: You can also nab an even longer warranty period on your precious purchases with some cards. Just make sure the purchases you want to have protected were actually made on your credit card.

Price protection insurance: There is nothing more frustrating than making a purchase, only to realise the product price has been slashed just days later and that’s where price protection insurance kicks in. With some Mastercard branded cards, you’ll have the difference in price refunded to your account so long as you used that specific credit card.

Interest free days

Interest free days are 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. But if you fail to pay off your balance in full by the due date, you will no longer receive those interest free days for your next statement period, instead you’ve actually got to get your balance back to zero before you can start to enjoy these again.

Fees

There are a few fees to consider when choosing a Mastercard credit card, too.

Annual fees: Some credit cards come with an annual fee. They’re usually more expensive for premium options like rewards credit cards, however.

Surcharge fees: Whether you’re filling up at the bowser or grabbing groceries from the local supermarket, the chances are you’ve been hit with a credit card surcharge. While merchant service fees for Mastercard or Visa aren’t so pricey, if you opt for an American Express card the chances are you’re going to have some of the more expensive merchant service fees passed on in the form of a surcharge.

Cash advance fees: All credit cards will come with a cash withdrawal fee but you 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 start accruing interest from day dot.

Overseas fees: Even though your Mastercard credit card will give you access to your cash and allow you to make purchases overseas there could still be fees. Most banks will slap foreign currency conversion fee on your transactions abroad, not to mention charging you at costly foreign exchange rates. 

Complimentary extras

Some credit cards come with a few extras that may make them more valuable to you than others. This could include things like flight vouchers, exclusive lounge access or even a personal concierge service.

How is Mastercard different to Visa and American Express?

Mastercard, Visa and American Express are all payment processing companies and so you’ll find a lot of their logos sprawled across bank issued credit and even debit cards on our site.

While there are some small differences between Visa and Mastercard, usually to do with the program perks they offer, they’re actually quite similar and the good news is that most merchants who accept one set of credit cards also usually accept the other too.

American Express is known for its customer rewards programs and generally because it has higher merchant fees isn’t as widely accepted around the world. But in terms of how the card processing works, AMEX works in the same way as Visa and Mastercard.  

If you are weighing up your options between the three, it is probably more important for you to think about the individual card features like interest rates and annual fees rather than the card processing network because these are the things that are going to impact you financially.   

Who offers Mastercard credit cards?

A range of credit providers, both large and small, currently offer Mastercard-powered credit cards to Australians including Bankwest, ANZ, Commonwealth Bank, Bank of Australia, Coles and Heritage Bank. You can view a more complete range of products and providers in the Mastercard credit card comparison table above or to compare Mastercards with other credit cards in the market try our credit card search tool to get a personalised search result with suggestions based on your spending needs.

Credit Card Reviews

NAB Rewards Signature Card review
Overall 10/10
I am in a much happier place about my credit card.

I was having trouble paying off my credit card because my interest rate was so high 19.99%. When Covid struck they dropped the credit rate by 2.5% for 3 months so I contacted the bank. I spoke to a lovely gentleman and told him all my troubles about not being able to pay off the card and how it was affecting me financially. He got my next months interest rate waived and for the next 3 months my interest rate was 6.5%. Lastly he got my interest rate dropped to 9.95% for the life of the credit card. This has made a huge difference in me being able to pay off a lot of the $10,000 I owed on the credit card. The interest rate is one that I can pay off as well as some of the balance. I am feeling in a more happy place now and it is all because of this one gentleman on the phone.

Read full review

I was having trouble paying off my credit card because my interest rate was so high 19.99%. When Covid struck they dropped the credit rate by 2.5% for 3 months so I contacted the bank. I spoke to a lovely gentleman and told him all my troubles about not being able to pay off the card and how it was affecting me financially. He got my next months interest rate waived and for the next 3 months my interest rate was 6.5%. Lastly he got my interest rate dropped to 9.95% for the life of the credit card. This has made a huge difference in me being able to pay off a lot of the $10,000 I owed on the credit card. The interest rate is one that I can pay off as well as some of the balance. I am feeling in a more happy place now and it is all because of this one gentleman on the phone.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Lynne, South Australia, reviewed about 12 hours ago
bcu Classic Credit Card review
Overall 8/10
Always helpful even if they can't replace funds

BCU are the best in my eyes as they have helped when my card was hacked and money was spent on airfares in Spain and I don't have a passport. They are always polite and helpful and even though things are a little different since their joining with P & N I still find them the best in the business.

Read full review

BCU are the best in my eyes as they have helped when my card was hacked and money was spent on airfares in Spain and I don't have a passport. They are always polite and helpful and even though things are a little different since their joining with P & N I still find them the best in the business.

Price
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Ronald, New South Wales, reviewed about 12 hours ago
humm90 Credit Card review
Overall 1/10
Pls people, don't use this bank. They are thieves.

My payment was due on the 14/02/21 and I did made the payment early on the 12/02/21 but they didn't take the money out of my account. Their statement says it's still pending and on the 17/02/21 they send a dishonoured fee of $15.00 to me stated that I dshonoured the payment. While I was with skye mastercard, everything runs well and good. Now humm90 took over it's a nightmare, no good customer service on the phone, giving dishonour fee for no reason, accumalating of dishonour fees for no good reasons and so on. Please people, don't use this bank. They are stealing money, even though you made payment before the due date, they won't take the money out of your account until the due date passed and then they say you dishonoured the payment and that's when they will charge you the dishonoured fee. They are Thieves.

Read full review

My payment was due on the 14/02/21 and I did made the payment early on the 12/02/21 but they didn't take the money out of my account. Their statement says it's still pending and on the 17/02/21 they send a dishonoured fee of $15.00 to me stated that I dshonoured the payment. While I was with skye mastercard, everything runs well and good. Now humm90 took over it's a nightmare, no good customer service on the phone, giving dishonour fee for no reason, accumalating of dishonour fees for no good reasons and so on. Please people, don't use this bank. They are stealing money, even though you made payment before the due date, they won't take the money out of your account until the due date passed and then they say you dishonoured the payment and that's when they will charge you the dishonoured fee. They are Thieves.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Dissatisfied, Western Australia, reviewed 1 day ago

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