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Oct
27

Top 10 Credit Cards in Australia

Posted in Credit Cards

Are you trying to decide which is the best credit card? It depends on what’s most important to you, but here are a few to check out:

  • Interest rate: If you’re looking for a low rate, try the St. George Vertigo (11.89%), the Citibank Clear Card (11.99%), or the St. George Starts Low Stays Low card at 12.99%. All of these cards also have a 55 day grace period, which also makes paying them off easy.
  • Balance Transfer: This is tops if you’re trying to cut down your debt. The St. George Vertigo card offers 0% balance transfers for up to six months, as does the ANZ Balance card and the ANZ Low Rate card. All of these cards also offer a 55 day grace period. The St. George Vertigo card has the lowest rate of the three, once the 0% balance transfer period has expired.
  • Annual Fee: This fee is very difficult to escape in Australia, but a few cards are trying to help you out in this department. The Commonwealth Bank No Fee Card has no fee, as the name implies and its 18.24% rate is about average, as rates go. The St. George No Annual Fee card also has no fee and its interest rate is only slightly higher, at 18.75%. The Citibank Ready Credit card has no annual fee and an introductory interest rate of 2.9% for the first six months, after which the rate will rise.
  • Rewards: This varies widely. Qantas offers their American Express Premium card, which gives you 20,000 points just for joining. However, the interest rate and annual fee are high, so you need to consider your use of the card before you sign up.

Check out http://www.jimmysdeals.com.au/Credit-Card-Comparison.php to learn about and compare cards, so you can make the best choice for your particular situation.

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