Credit Card Comparison Australia

	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest Free Days
HSBC Credit Card	17.99%	21.99%	0% for 8 months with 2% handling fee	$0	55 days
St.George Vertigo	13.24%	21.49%	0.99% for 6 months	$55	55 days
Citibank Clear Platinum Card	11.99%	21.74%	0% for 12 months with 3% handling fee	$99	55 days
Westpac Low Rate Card	1.9% for 9 months (reverts to 13.49% )	21.49%	3.99% for 6 months	$0 annual fee for the first year ($45 thereafter)	55 days
ANZ Platinum Credit Card	0% for 6 months (reverts to 19.39% )	20.99%	0% for 6 months	$0 annual fee for the first year ($87 thereafter)	55 days
Commonwealth Bank Low Rate Credit Card	13.49%	21.74%	5.99% for 5 months	$78 ($48 for qualifying customers)	55 days
Citibank BP Credit Card	20.89%	21.39%	0% for 6 months	$89	55 days
Bankwest Breeze MasterCard	0% for 6 months (reverts to 10.99% )	21.99%	4.99% for 9 months	$49	55 days

What Do I Need?

The first thing that you need to do is figure out what you need from a credit card. Do you have other outstanding credit card debts that you would like to consolidate? Maybe you like to make regular purchases on your credit card, but like to pay things off over the course of a month? Perhaps you do a lot of air travel, and like the idea of a top range credit card with lots of bonuses and perks.

Whatever it is that you are really looking for in a credit card, you can be sure that the lenders will have thought of you, and will have a credit card that will suit your needs.
Let’s have a look at some of the different kinds of cards you may come across, and what they would offer you.

Balance Transfer and Low Rate Credit Cards

If you have outstanding debt on one or more other credit cards, then one of the best ways of saving some money, and paying off the debts quicker is to do a balance transfer.
With a balance transfer, any existing debts are paid off by your new lender, and now you owe the debt to your new lender rather than your old lender.

Why does that save you money? Well, lenders offering balance transfer deals give you a low or even 0% interest rate for a promotional period. This means that you will not have to pay any interest on your balance, thus saving you a great deal in interest charges, and giving you the freedom to pay off your debt faster.

One example of this type of credit card is:

St.George Vertigo Credit Card

• Balance Transfer Rate- 0.99% p.a. for 6 months

• Standard Interest rate- 2.99% for 6 months reverting to 13.24% p.a. thereafter.

• Annual Fee-$55

• Interest Free Days- Up to 55

No Annual Fee Cards

Many credit cards charge some sort of annual fee for the privilege of using their service. When doing credit card comparison Australia you will come across some credit card deals that are built around the benefit of no annual fee.

Bankwest offer a range of credit cards that charge no annual fee.

Reward Card Programs

Credit Card comparison in Australia will bring to your attention many different reward card programs. These are credit cards that offer members reward points each time they spend money using their credit card, and these points can then be redeemed against a range of different gifts and merchandise.

You will often find that some of the better reward card programs belong to the Gold and Platinum versions of credit cards, and sometimes have a higher annual fee, however if you shop around you can find reward cards that are very extensive, yet are also fairly cheap to run, such as:

The St.George Amplify Credit Card which offers a great reward card scheme but also comes with a low interest rate on balance transfers of just 0.99% p.a. for 6 months, and an annual fee of $79.