How to beat the recession’s credit squeeze on households

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Published 15 June, 2020 in The Daily Telegraph

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Roland Bleyer

Founder of Creditcard.com.au. Roland has extensive knowledge about credit cards in Australia. Known as a credit card expert, he has been featured on tv and in various publications. Some popular offers on our site right now include the ANZ Low Rate. This special offer has no annual fee first year, a low purchase rate and long 0% balance transfer. Have a look also at the huge 0% for 30 months balance transfer from Citi with no balance transfer fees.

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Featured Balance Transfer Credit Cards

Citi Rewards Credit Card – Balance Transfer Offer

5 reviews

Credit limit up to $100k

0% balance transfer for 30 months. Transfer from non-Citi personal loans, store and/or credit cards. Great for debt consolidation. Citi Reward program. Overseas travel insurance.

Transfer Personal Loans, Store and Credit Cards

$0 saved over 30 months

Citi are the only issuer in Australia that accept personal loan debt as part or all of the balance transfer e.g. car loans. Transfer from non-Citi issued personal loans, store and/or credit cards. Apply by 31 Aug 21

21.49%

p.a

Purchase rate

21.49% p.a.

30 months

reverts to 22.24% p.a. No BT fee

Balance transfer

0% 30 months

reverts to 22.24% p.a.No fee

$49

first year

then $149 p.a.

Annual fee

$49 first year

then $149 p.a.

saved over 30 months

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HSBC Platinum Credit Card – 0% Balance Transfer Offer

5 reviews

Long 0% Balance Transfer + Reduced annual fee first year

Reduced annual fee of $29 in the first year, $129 thereafter. Complimentary domestic (inc rental car cover) & international travel insurance. 2 lounge passes per year.

$0 saved over 36 months

Reduced annual fee of $29 in the first year, $129 thereafter. Complimentary domestic (inc rental car cover) & international travel insurance. 2 lounge passes per year.

19.99%

p.a

Purchase rate

19.99% p.a.

36 months

reverts to 21.99% p.a. No BT fee

Balance transfer

0% 36 months

reverts to 21.99% p.a.No fee

$29

first year

then $129 p.a.

Annual fee

$29 first year

then $129 p.a.

saved over 36 months

Go to offer

save card more info

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ANZ Low Rate Credit Card – 0% Balance Transfer

61 reviews

No annual fee in first year + 0% p.a. for 30 months on balance transfers

Low purchase rate of 12.49% p.a. No annual fee first year (save $58). Up to 3 free additional card holders. Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.

$0 saved over 30 months

Low purchase rate of 12.49% p.a. and $58 annual fee. Up to 3 free additional card holders. Any unpaid balance transfer at the end of the 30 months reverts to 20.24% p.a. No Balance Transfer Fee.

12.49%

p.a

Purchase rate

12.49% p.a.

30 months

reverts to 20.24% p.a. No BT fee

Balance transfer

0% 30 months

reverts to 20.24% p.a.No fee

first year

then $58 p.a.

Annual fee

$0 first year

then $58 p.a.

saved over 30 months

Go to offer

save card more info

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Featured Rewards Credit Cards

ANZ Frequent Flyer Black Credit Card

13 reviews

120,000 bonus Qantas Points + $200 back

When you spend $3,000 on eligible purchases in the first 3 months. Two Qantas Lounge invites per year. International Travel Insurance.

points earned over 12 months

120,000 bonus Qantas Points and $200 back to your new card when you spend $3,000 on eligible purchases in the first 3 months. Two Qantas Lounge invites per year. International Travel Insurance.

1 pt

Qantas

Capped at $7500, then 0.5 pts per $1 spent

Earn rate per $1

1 point

Qantas Frequent Flyer

Capped at $7500, then 0.5 pts per $1 spent

120,000

points

Bonus points

120,000

points

$425

p.a.

Annual fee

$425

p.a.

pts

over 12 months spend

Go to offer

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Citi Rewards Card – Points & Gift Card Offer

1 review

90,000 Citi reward Points & $100 Coles eGift Card

Receive 90,000 Citi reward Points and a $100 Coles eGift Card when you spend $3,000 in the first 90 days from approval. Reduced annual fee first year - save $100.

points earned over 12 months

Receive 90,000 Citi reward Points and a $100 Coles eGift Card when you spend $3,000 in the first 90 days from approval. Reduced annual fee first year - save $100.

1 pt

Citi

Capped at $10,000 for domestic spend per statement period, but no cap for eligible international spend

Earn rate per $1

1 point

Citibank Rewards Program

Capped at $10,000 for domestic spend per statement period, but no cap for eligible international spend

90,000

points

Bonus points

90,000

points

$49

first year

then $149 p.a.

Annual fee

$49

first year

then $149 p.a.

pts

over 12 months spend

Go to offer

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Go to offer

NAB Qantas Rewards Signature Credit Card

5 reviews

Up to 110,000 Bonus Qantas Points

Min. spend applies. Reduced annual fee for the first year. Earn 1 Qantas Point per $1 spent up to $5,000. 6 complimentary insurances when you meet eligibility criteria including International Travel Insurances.

points earned over 12 months

Earn up to 110,000 Bonus Qantas Points (90,000 when you spend $3,000 within 60 days and 20,000 when you keep your card open for over 12 months). Reduced annual fee for the first year. Earn 1 Qantas Point per $1 spent up to $5,000. Get international travel insurance.

1 pt

Qantas

Capped at $5000, then 0.5 pts per $1 up to $20,000

Earn rate per $1

1 point

Qantas Frequent Flyer

Capped at $5000, then 0.5 pts per $1 up to $20,000

110,000

points

Bonus points

110,000

points

$295

first year

then $395 p.a.

Annual fee

$295

first year

then $395 p.a.

pts

over 12 months spend

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