Credit Cards
Save time and effort by comparing a variety of credit cards, including Balance Transfer, Frequent Flyer rewards, and low interest options with PowerMarket. Utilize our convenient 'compare' feature to evaluate details such as interest rates, interest-free periods, & annual fees to discover the perfect card for your needs.
Min Credit: $6,000 | Annual Free: $0
Purchase rate: 21.99% p.a. | Interest-free period: Up to 55 days
Min credit: $1,000 | Reward points: 10,000
Purchase rate: 20.74% p.a. | Interest-free period: Up to 55 days
Minimum Credit: $3,000 | Annual fees: $0 first year ($195 after)
Purchase rate: 23.99% p.a. | Interest-free period: Up to 55 days
Minimum Credit: $2,000 | Annual Fees: $0
Purchase rate: 23.99% p.a. | Interest-free period: Up to 55 days
Min credit: $2,000 | Annual fee: $0
Purchase rate: 10.99% p.a. | Interest-free period: Up to 55 days
Min credit: $6,000 | Annual fee: $49 first year ($175 after)
Purchase rate: 20.99% p.a. | Interest-free period: Up to 45 days
Min credit: $3,000 | Annual fee: $450
Purchase rate: 23.99% p.a. | Interest-free period: Up to 44 days
Credit Card | Credit Card Name | Purchase Rate (per annum) | Bonus Point | Points per $ spent | Interest free period | Balance transfer rate per annum | Annual Fee | URL |
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Kogan Money Card – Exclusive Offer | 9.99% for 18 months, then 21.99% | N/A | 1 | Up to 55 days on purchases | 0% for 18 months with 1% balance transfer fee, then 22.74% | $0 | https://www.powermarket.com.au/post/kogan-money-credit-card | |
Coles No Annual Fee Mastercard | 20.74% | N/A | 0.5 | Up to 55 days on purchases | 0% for 9 months with 1.5% balance transfer fee, then 20.74% | $0 | https://www.powermarket.com.au/post/coles-no-annual-fee-mastercard | |
American Express Platinum Edge Credit Card | 23.99% | N/A | 1 | Up to 55 days on purchases | N/A | $0 first year ($195 after) | https://www.powermarket.com.au/post/american-express-platinum-edge-credit-card | |
American Express Velocity Escape Card | 23.99% | N/A | 0.75 | Up to 55 days on purchases | N/A | $0 | https://www.powermarket.com.au/post/american-express-velocity-escape-card | |
Qantas Premier Everyday | 19.99% | 8,000 | 0.75 | Up to 55 days on purchases | 0% for 12 months with 2% balance transfer fee, then 21.99% | $99 | https://www.powermarket.com.au/post/qantas-premier-everyday-mastercard | |
St.George Amplify Signature | 20.99% | 150,000 | 1.5 | Up to 55 days on purchases | N/A | $199 first year ($295 after) | https://www.powermarket.com.au/post/st-george-amplify-signature-credit-card | |
American Express Low Rate Credit Card | 10.99% | N/A | N/A | Up to 55 days on purchases | N/A | $0 | https://www.powermarket.com.au/post/american-express-low-rate-credit-card | |
St.George Vertigo Card - Cashback Offer | 13.99% | N/A | N/A | Up to 55 days on purchases | 6.99% for 12 months with 0% balance transfer fee, then 21.99% | $55 | https://www.powermarket.com.au/post/st-george-vertigo-card | |
Westpac Altitude Platinum Card | 20.99% | 120,000 | 1 | Up to 45 days on purchases | N/A | $49 first year ($175 after) | https://www.powermarket.com.au/post/westpac-altitude-platinum-credit-card | |
Qantas American Express Ultimate Card | 23.99% | 90,000 | 1.25 | Up to 44 days on purchases | N/A | $450 | https://www.powermarket.com.au/post/qantas-american-express-ultimate-card | |
Westpac Lite Card | 9.9% | N/A | N/A | Up to 45 days on purchases | N/A | $108 | https://www.powermarket.com.au/post/westpac-lite-card | |
Westpac Low Rate Card | 13.74% | N/A | N/A | Up to 55 days on purchases | N/A | $59 | https://www.powermarket.com.au/post/westpac-low-rate-credit-card | |
ANZ Rewards Platinum - Velocity Points | 20.99% | 100,000 | 1.5 | Up to 55 days on purchases | 21.99% | $149 | https://www.powermarket.com.au/post/anz-rewards-platinum-credit-card-velocity-points-offer | |
ANZ Platinum Credit Card | 20.99% | N/A | N/A | Up to 55 days on purchases | 21.99% | $0 first year ($87 after) | https://www.powermarket.com.au/post/anz-platinum-credit-card | |
ANZ Low Rate - Credit Back Offer | 13.74% | N/A | N/A | Up to 55 days on purchases | 21.99% | $58 | https://www.powermarket.com.au/post/anz-low-rate-credit-card-credit-back-offer | |
NAB Rewards Platinum Card | 20.99% | 100,000 | 1 | Up to 44 days on purchases | 0% for 12 months with 3% balance transfer fee, then 21.74% | $45 first year ($195 after) | https://www.powermarket.com.au/post/nab-rewards-platinum-card | |
NAB Low Rate Credit Card | 13.49% | N/A | N/A | Up to 55 days on purchases | 0% for 28 months with 2% balance transfer fee, then 21.74% | $0 first year ($59 after) | https://www.powermarket.com.au/post/nab-low-rate-card | |
Virgin Australia Velocity Flyer Card | 20.74% | N/A | 0.66 | Up to 55 days on purchases | 0% for 24 months with 0% balance transfer fee, then 20.99% | $0 first year ($149 after) | https://www.powermarket.com.au/post/virgin-australia-velocity-flyer-card | |
Qantas Premier Platinum | 19.99% | 100,000 | 01 | Up to 55 days on purchases | 0% for 12 months with 2% balance transfer fee, then 21.99% | $349 first year ($399 after) | https://www.powermarket.com.au/post/qantas-premier-platinum-card |
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When I discover a more cost-effective electricity plan, how do I change energy providers?It’s simple, we handle everything for you. Just choose your new energy plan, fill out your details on our website, and we'll forward them to your new energy provider to set up your new account. They'll inform your current provider of the cancellation, ensuring a seamless transition without any interruption to your service.
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What is the timeframe for transitioning to a new energy provider?Completing the online process will only require a few minutes of your time. Enter your details here, and we'll promptly send them to your new provider to establish your account and to your current energy retailer to terminate your existing one. Typically, they process the paperwork within 24 hours. However, the transition won’t occur until after your current retailer conducts a final meter reading to issue a last bill. Given that energy retailers typically read meters every 3 months, the transition to your new retailer may take up to that duration.
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When switching electricity providers, is there a need for new wiring or meter replacement?No, there is no need to change any wiring or meters. The electricity is supplied to your residence by an electricity distributor, who is responsible for maintaining the electricity grid in your locality. All electricity providers offer plans that are delivered through the same distributor. When you switch providers, the only change is the name of the company on your bills and the associated charges for your electricity.
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Is it possible to purchase electricity directly from a distributor?Purchasing electricity directly from an electricity distributor is not an option; it must be obtained through an electricity retailer (provider).
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When I switch energy providers, will there be any interruption to my gas, electricity, or solar services?Your electricity or gas supply will remain uninterrupted. This is because they are still provided by the same energy distributor. The only change is the name of the energy retailer responsible for issuing your energy bills.
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Does this comparison and switching service come at no cost?Correct. It won't cost you anything. We receive a commission from your new gas and electricity provider. Although our service is offered to you at no cost, it's advisable to inquire with your current supplier(s) regarding potential exit fees.
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Which is the best Inverters in 2024
The Ultimate Guide to Choosing the Best Credit Card in Australia (2024)
If you're an Australian looking to buy a credit card, you've come to the right place! Whether you're new to credit or a seasoned cardholder, understanding your options can help you make the best financial decisions. In this guide, we’ll explore the top factors to consider when choosing a credit card, the different types of cards available, and some of the best credit card offers in Australia.
1. Why You Should Consider Getting a Credit Card in Australia
Credit cards are more than just a convenient way to pay for things; they can be powerful tools for managing your finances, earning rewards, and building credit. Here are some key reasons why Australians are turning to credit cards:
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Reward Programs: Many credit cards offer rewards like cashback, travel points, or discounts on everyday purchases.
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Credit Building: Using a credit card responsibly can help you build a strong credit score, which is essential for future financial opportunities like loans or mortgages.
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Convenience: Credit cards provide an easy and secure way to make purchases online or in-person, with added protection against fraud.
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Emergency Funds: A credit card can serve as a financial safety net in emergencies when cash is short.
2. Types of Credit Cards Available in Australia
Australia offers a variety of credit card options tailored to different needs and lifestyles. Understanding the differences between these types will help you choose the one that best suits you:
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Low-Interest Credit Cards: Ideal for those who may carry a balance, these cards offer lower interest rates, helping you save on interest payments.
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Rewards Credit Cards: These cards allow you to earn points or cashback on your purchases, which can be redeemed for travel, shopping, or other perks.
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Balance Transfer Credit Cards: If you have existing credit card debt, a balance transfer card with 0% interest for a limited period can help you pay down your balance faster.
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No Annual Fee Credit Cards: Great for budget-conscious individuals, these cards don't charge an annual fee, making them a cost-effective option.
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Premium Credit Cards: These cards come with higher fees but offer luxury perks like airport lounge access, concierge services, and higher reward rates.
3. Key Features to Look for in a Credit Card
When choosing a credit card, consider the following factors to ensure you're getting the best deal:
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Interest Rates (APR): Look for a card with a low Annual Percentage Rate (APR) if you plan to carry a balance.
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Annual Fees: Some cards charge an annual fee, which can be worth it if the benefits outweigh the cost. However, if you want to avoid fees, consider a no-fee card.
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Rewards Program: If you're interested in earning rewards, choose a card that offers points, miles, or cashback on the types of purchases you make most often.
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Sign-Up Bonus: Many cards offer a one-time bonus for new cardholders after meeting a spending requirement within the first few months. This can be a great way to kickstart your rewards.
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Foreign Transaction Fees: If you travel abroad frequently, look for a card that doesn't charge foreign transaction fees.
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Credit Limit: Consider the credit limit offered by the card and ensure it aligns with your spending habits.
5. How to Apply for a Credit Card in Australia
Applying for a credit card in Australia is a straightforward process. Here’s a step-by-step guide:
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Compare Cards: Use comparison websites to find the best credit card that suits your needs and preferences.
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Check Eligibility: Ensure you meet the minimum requirements, such as age, income, and residency status.
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Gather Documents: Have your ID, proof of income, and other relevant documents ready for the application.
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Apply Online: Most banks and financial institutions allow you to apply for a credit card online. Fill out the application form and submit the required documents.
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Await Approval: After submitting your application, the bank will review your information and decide whether to approve your application.
6. Tips for Using Your Credit Card Wisely
Once you've got your new credit card, it's important to use it responsibly to avoid falling into debt. Here are some tips:
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Pay Your Balance in Full: Whenever possible, pay your full balance each month to avoid interest charges.
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Keep Track of Spending: Monitor your credit card usage to ensure you stay within your budget.
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Use Rewards Strategically: Maximize your rewards by using your card for everyday purchases and paying off the balance promptly.
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Stay Within Your Credit Limit: Avoid maxing out your credit limit, as this can negatively impact your credit score.
Conclusion
Choosing the right credit card in Australia can make a significant difference in your financial life. By understanding the various types of cards, key features, and the best offers available, you can find a credit card that aligns with your financial goals and lifestyle. Remember to use your card wisely to reap the full benefits without falling into debt. Happy spending, mate! 🌟