American Express
ANZ
Aussie
Bank of Melbourne
Bank of Queensland
Bankmecu
BankSA
Bankwest
Bendigo Bank
Citibank
Coles
Commonwealth Bank
Community First
CUA
Diners Club
GE Money
Heritage
HSBC
IMB
Jetstar
Lombard Finance
Macquarie Bank
ME Bank
NAB
Qantas
SCU
St.George
Suncorp
Victoria Teacher Bank
Virgin Money
Westpac
Woolworths
p.a
p.a.
7,500 BonusFlyer points and no annual fee ever. Earn 1 Qantas flyer point per $1 spend uncapped. Minimum income of $35K required
6 months
p.a.
for 6 months
0% p.a. on purchases for the first 6 months. Standard purchase rate of 13.49% from Westpac's low interest rate credit card. Also features up to 55 days interest free on purchases.
for 5 months
p.a.
for 5 months
Limited time offer, 0% p.a. on purchases for the first 5 months and $0 annual fee for qualifying CBA customers spending $1,000 or more per year
p.a
p.a.
for 8 months
0% p.a. on balance transfers for 8 months with low annual fee of $55. Any unpaid balance reverts to the low purchase rate, currently 13.24% p.a.
p.a
p.a.
for 6 months
0% Balance Transfer for 6 Months and Interest Free purchases for up to 5 years at over leading 1,000 retailers in Australia mean this is one of the best no annual fee credit cards available.
p.a. months
p.a.
for 6 months
The NAB Low Fee offers a really low annual credit card fee of $30 with a 4.99% p.a. on balance transfers for the first 6 months. Great long low cost balance transfer.
p.a. months
p.a.
for 6 months
No annual fee ever, with a nice balance transfer rate of 2.9% p.a. for the first 6 months. If you don't want to pay an annual fee then this could be the card for you.
p.a
p.a.
for 9 months
This special offer on ANZ's low interest rate card is outstanding, pay 0% p.a. on a balance transfer for 9 months which reverts to the low purchase rate afterwards. Please note offer is online only
Finding the cheapest credit card doesn’t have to be a hassle when you are using a credit card comparison site. Details of what you will pay for each card are displayed side by side, so you can compare multiple credit cards at the same time.
The cheapest credit card does not necessarily cover one particular type of card. Finding the cheapest credit card is more about deciding on the kind of credit card that is best for you, and then finding the cheapest option within that category.
This could mean finding a credit card with the cheapest interest rates, or finding a credit card with the lowest annual fees. It could mean finding a credit card with the best introductory offer on balance transfers or purchases, or it could mean finding the cheapest rewards, Gold or Platinum card.
Before you start looking for the cheapest credit card, you need to decide what kind of credit card you want. There is no point applying for the cheapest credit card on the market if it doesn’t offer you what you need.
If you have trouble paying off your balance in full each month, then the cheapest credit card for you could be a low rate credit card. These offer low interest rates, so even if you don’t manage to pay off your balance, you won’t get stung with high rates of interest.
If you only use your credit card in emergencies, then the cheapest credit card for you could be a no annual fee credit card. This means you won’t waste money paying for card that you rarely use.
If you want a card that has a balance transfer or purchase offer, find one that gives you enough time to pay off your balance and has the lowest rate of interest.
If you want the perks that come with a rewards card, or a Gold or Platinum card, then choose the cheapest card within that category that gives you what you need in a credit card.
Again, the biggest mistake you can make is choosing a card that is not suitable for your needs. While it can seem like a good idea to get the cheapest possible card, it doesn’t mean that particular card will suit you.
Be aware of your spending habits and how you pay off your debt. Once you have figured that out, you will know what type of card is best for you. Then it’s only a matter of comparing the options within that category, to find the cheapest card for you.
It’s also important to remember that rewards and prestige credit cards are usually more expensive. Whether they charge more in annual fees or interest, always make sure you are getting back more than you are paying in.
Also be sure to read the small print to ensure the card is as cheap as it seems. When it comes to introductory offers, you may find that the offer is amazing, but after the introductory period ends, the card can be much more expensive. Always find out how long the offer lasts, and what happens when it finishes.
How do I find the cheapest credit cards in the market?
Finding the cheapest credit card will depend on how you define cheap when it comes to credit cards. For some, cheap can mean a low purchase interest rate; to others a cheap credit card can mean not paying any annual fee or international transaction fees. There is no definitive ‘cheap’ credit card, and any credit card can become expensive if not paid off in a timely manner.
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* The credit cards compared on this page are chosen from a range that CreditCard.com.au has access to track applications from and is not representative of all the credit card products available in the market. We also provide information on a range of cards that we do not have ability to track but believe have impact on the Australian credit card market. You can use our cardfinder tool to compare 25 leading providers or click on compare by bank, which allows you to see the full range of cards offered by each provider.
The use of terms 'Editors Choice', 'Featured', 'Recommended', 'Best' or 'Top' are not product ratings and are subject to our Terms and Conditions of Use. This is general advice only and may not be right for you. Read the provider’s Product Disclosure Statement. You should always consider seeking independent financial advice and your personal financial circumstances when comparing credit card products.
Interest rates and fees and charges are subject to change without notice.
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