You deserve the best credit card

That's why we looked at over 270 credit cards and narrowed it down to help you find the right one.

Top pick for
Balance Transfer
0% p.a. for 28 months on balance transfers (with 2% BT fee) | $0 first yr annual fee ($58 p.a. after) | 12.49% p.a. interest rate
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There isn't one best credit card on the market. And all credit cards can't be compared equally. So our experts have chosen our top pick for each type of credit card offer that appeals to a wide variety of cardholders in Australia.

Here are our picks for the best credit cards for June 2023:

The top picks were updated by our team of credit card experts on 1 June 2023 and reviewed by our senior writer, Amy Bradney-George.

Top pick for frequent flyer
Qantas American Express Ultimate Card

60,000 bonus Qantas Points
$450
Annual fee
23.99%
Purchase rate
Receive 60,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new card within the first 3 months.
  • 60,000 bonus Qantas Points
  • Up to 2.25 Qantas Points per $1 spent on eligible purchases in Australia, uncapped
  • $450 Qantas Travel Credit each year
  • 2 complimentary Qantas Club lounge invitations each year
  • Complimentary travel insurance
  • High $450 p.a. annual fee
  • High 23.99% p.a. interest rate for purchases
  • 3% foreign currency conversion fee
  • Only offers up to 44 days interest-free on purchases, compared to other cards that offer 55 days
Rewards program Qantas Frequent Flyer
Annual fee $450
Purchase rate p.a. 23.99%
Welcome offer 60,000 bonus Qantas Points
Interest-free period Up to 44 days on purchases
Balance transfer p.a. N/A
Bonus points 60,000
Rewards points per $ spent 1.25
Foreign currency conversion fee 3%

What we like about the Qantas American Express Ultimate Card:

  • Offers 60,000 bonus Qantas Points. That's enough for return economy flight from Sydney to Singapore or a one-way business class flight from Melbourne to Denpasar, Indonesia.
  • $450 Qantas Travel Credit each year, which offsets the $450 p.a. annual fee.
  • Highest Qantas Points earn rate in Australia at 1.25 Points per $1 spent. Plus, an additional point for spending with Qantas.
  • Complimentary travel perks, including lounge passes and travel insurance.

Top pick for balance transfer
ANZ Low Rate

0% Balance Transfer
$0
Annual fee
12.49%
Purchase rate
Pay 0% p.a. interest on balance transfers for 28 months (with a one-time 2% balance transfer fee) and save with a $0 first year annual fee.
  • 0% p.a. interest on balance transfers for 28 months
  • $0 annual fee for the first year ($58 p.a. thereafter)
  • Ongoing low purchase interest rate of 12.49% p.a.
  • Charges a one-time 2% balance transfer fee
  • Balance transfer reverts to the high standard balance transfer interest rate of 21.24% p.a. at the end of the introductory period
  • Does not offer any form of purchase or travel insurance
Rewards program N/A
Annual fee $0 for the first year ($58 thereafter)
Purchase rate p.a. 12.49%
Welcome offer 0% Balance Transfer
Interest-free period Up to 55 days on purchases
Balance transfer p.a. 0% for 28 months with 2% bt fee, then 21.24%
Bonus points N/A
Rewards points per $ spent N/A
Foreign currency conversion fee 3%

What we like about the ANZ Low Rate Credit Card - Balance Transfer Offer:

  • Very long 28 month balance transfer offer at 0% p.a. interest (with 2% BT fee).
  • Offers additional savings with a $0 annual fee in the first year, going to a relatively low $58 p.a. from the second year on.
  • 12.49% p.a. interest rate on purchases, which is lower than the average standard credit card interest rate.

Top pick for $0 annual fee
Coles No Annual Fee Mastercard

Up to 70,000 Bonus Flybuys Points
$0
Annual fee
19.99%
Purchase rate
Get up to 70,000 bonus Flybuys points (50,000 when you spend $4,000 in the first 90 days and 20,000 when you keep your card for over 12 months) on this $0 annual fee credit card. Plus, save with 0% p.a. on balance transfers for 12 months, with no BT fee.
  • Up to 70,000 bonus Flybuys points
  • Ongoing $0 annual fee
  • 0% p.a. on balance transfers for 12 months, with no BT fee
  • Earn Flybuys points for your spending
  • Flybuys points earn rate is low at the equivalent of 0.5 points per $1 spent
  • Relatively high 19.99% interest rate for balance transfers after the introductory period
Rewards program Flybuys
Annual fee $0
Purchase rate p.a. 19.99%
Welcome offer Up to 70,000 Bonus Flybuys Points
Interest-free period Up to 55 days on purchases
Balance transfer p.a. 0% for 12 months, then 19.99%
Bonus points 70,000
Rewards points per $ spent 0.5
Foreign currency conversion fee 2.5%

What we like about the Coles No Annual Fee Mastercard:

  • Offers up to 70,000 bonus Flybuys points. That's enough for $350 off your shop at Coles or 35,000 Velocity Points.
  • Ongoing $0 annual fee. So even if you don't use the card, it won't cost you anything.
  • Flybuys points on all your eligible spending, even if they're not Flybuys partners.
  • Potentially useful 0% p.a. on balance transfers for 12 months, with no balance transfer fee.

Top pick for 0% purchases
Kogan Money Credit Card - 0% Purchase and Balance Transfer Offer

0% Interest Offers
$0
Annual fee
20.99%
Purchase rate
Get 0% p.a. interest for the first 14 months on purchases and balance transfers, with no balance transfer fee. Ends 29 June 2023.
  • 0% p.a. on purchases for 14 months
  • 0% p.a. on balance transfers for 14 months, with no BT fee
  • Uncapped reward points
  • No annual fee
  • Complimentary Kogan First membership
  • Relatively high 20.99% interest rate for purchase after the introductory period
  • High 21.74% p.a. interest rate for balance transfers after the introductory period
  • Outside of introductory offers, no interest-free days if you have a balance transfer
  • 3.4% foreign currency fee
Rewards program Kogan Rewards Program
Annual fee $0
Purchase rate p.a. 20.99%
Welcome offer 0% Interest Offers
Interest-free period Up to 55 days on purchases
Balance transfer p.a. 0% for 14 months, then 21.74%
Bonus points N/A
Rewards points per $ spent 1
Foreign currency conversion fee 3.4%

What we like about the Kogan Money Credit Card - Purchase & Balance Transfer Offer:

  • You'll have over a year (14 months to be exact) to pay off existing debt and make new purchases without paying any interest, combined with the $0 annual fee, this card can offer a lot of savings.
  • Earns 2 Kogan rewards points per $1 on Kogan.com purchases and 1 point per $1 on all other eligible spend elsewhere. 1000 Points = $10 of credit at Kogan.com.
  • Offers a complimentary Kogan First Membership - giving you free shipping on thousands of products, exclusive offers and express shipping upgrades. This could offer a lot of value if you're a loyal Kogan shopper.

Top pick for business
American Express Qantas Business Rewards Card

150,000 Bonus Qantas Points Offer
$450
Annual fee
N/A
Purchase rate
Get 150,000 bonus Qantas Points when you spend $3,000 on eligible purchases in the first 2 months. Offer ends on 08 August 2023.
  • 150,000 bonus Qantas Points
  • No pre-set spending limit and up to 51 days cash flow
  • Complimentary travel insurance
  • 2 complimentary domestic Qantas Club lounge passes per card membership year
  • $450 annual fee
  • 3% foreign currency conversion fee
Rewards program Qantas Business Rewards
Annual fee $450
Purchase rate p.a. N/A
Welcome offer 150,000 Bonus Qantas Points Offer
Interest-free period Up to 51 days on purchases
Balance transfer p.a. N/A
Bonus points 150,000
Rewards points per $ spent 1.25
Foreign currency conversion fee 3%

What we like about the American Express Qantas Business Rewards Card:

  • Offers 150,000 bonus Qantas Points, which, as an example, you could redeem for a one-way business class flight between Melbourne and London.
  • Up to 2 Qantas Points per $1 spent, and triple Qantas Points on eligible flights booked through Qantas Business Rewards.
  • 2 complimentary Qantas Club lounge invitations per year.
  • Lots of business benefits and offers, including a 12-month subscription to The Australian Premium, up to $200 back with Dell Technologies each year and up to 99 employee cards.

🧪 Methodology: How we chose our Top Picks

Based on extensive user testing and thousands of credit card comparisons, we've evaluated cards based on criteria that people care about and narrowed it down into a few broad categories.

However, keep in mind that our top picks may not always be best for you. Based on your situation, you may find certain features to be more or less important, so compare your options before you apply.

While we looked at our full database of 270 cards for our top picks, we did not consider all the products available in the market. Within each category, we narrowed down our choices based on the cards available through Finder.

Why you can trust Finder's credit card experts

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Unlike other comparison sites, we're not owned by a bank or lender. That means our opinions are our own and you can compare nearly every credit card in Australia on Finder.
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Since 2012, we've helped almost 6 million people find a credit card by comprehensively comparing offers. We'll never ask for your personal information. We're here to help you make a decision.

How do I find the best credit card for me?

The best credit card is different for everyone (which is why there's not a single "best" credit card). But there are a few things that have universal appeal, including:

  • Low fees and interest rates to help you save on credit card costs
  • Rewards, travel perks or other extras that you can use to get more value
  • A long 0% balance transfer period if you want to pay off existing debt without interest
  • A bank you want to deal with (think good service, a cool app or mobile payments)

Types of credit card offers and how to find the best one for you

There are hundreds of credit cards in Australia for both personal and business spending. These cards can be narrowed down into 5 main categories or "types". Different cards will work for different people. Here's how to find one based on your credit card habits:

medal - pay off your balance
If you want to earn points for your spending

If you use your card for everyday spending and want to be rewarded, you could check out frequent flyer, cashback or rewards credit cards that offer extra value per $1 spent. New cards usually offer thousands of bonus points as an incentive for new customers and sometimes discount the annual fee (which can be higher than on some no-frills cards). With these types of cards, always aim to pay off your balance in full every month.

If you only use your credit card for emergencies
If you only use your credit card for emergencies

This is one of the most common reasons Australians get a credit card, with Finder research showing 41% of Australians got their last credit card for emergencies. When that's the case, a no annual fee card costs you nothing to keep. And if you pay it off in full each month, it could cost you nothing at all.

pay off your balance in full
If you carry a balance from month to month

Carrying a balance from month to month can be handy but also expensive, with the average credit card interest rate currently at 19.94% p.a. A card with a low interest rate (typically 8.99% - 14.99% p.a.) would save you money in the long run.

If you already have credit card debt
If you already have credit card debt

A balance transfer credit card can help you save money and simplify your payments by offering a low or 0% interest rate on debt you move to the new card. Balance transfers offers usually last 6-36 months, giving you some time to pay off your debt without having to pay interest. If you have a few debts, combining them can also help you save on rates and fees.

If you want a credit card for your business
If you want a credit card for your business

Some sole traders and small business owners will choose a personal credit card for their work spending. But business credit cards offer you more expense management tools and features such as detailed statement breakdowns, automatic feeds for accounting software and cards for employees. They're also more likely to offer rewards for spending with the ATO and other government bodies.

Brand new to credit cards?

If you're brand new to credit cards and not sure what some of the terms on this page mean, you can check out Finder's guide to credit cards for beginners to learn how they work. There, you can also compare cards typically suited to new cardholders, including low rate, no annual fee and student credit cards.

Compare to find the best credit card for you

Name Product Purchase rate p.a. Interest-free period Balance transfer rate p.a. Annual fee

ANZ Low Rate

ANZ Low Rate
12.49%
Up to 55 days on purchases
0% for 28 months with 2% balance transfer fee, then 21.24%
$0 first year ($58 after)
0% Balance Transfer
Save with a 0% p.a. balance transfer for 28 months (with a one-time 2% BT fee). Plus, a $0 first-year annual fee.

Kogan Money Credit Card - 0% Purchase and Balance Transfer Offer

Exclusive
Kogan Money Credit Card - 0% Purchase and Balance Transfer Offer
0% for 14 months, then 20.99%
Up to 55 days on purchases
0% for 14 months, then 21.74%
$0
0% Interest Offers
Get 0% p.a. interest for 14 months on purchases and balance transfers (with no BT fee). Plus points per $1 on eligible spending.

Coles No Annual Fee Mastercard

Coles No Annual Fee Mastercard
19.99%
Up to 55 days on purchases
0% for 12 months, then 19.99%
$0
Up to 70,000 Bonus Flybuys Points
Get up to 70,000 bonus Flybuys points (worth $350 Flybuys Dollars) and save with an ongoing $0 annual fee.

Qantas Premier Platinum

Qantas Premier Platinum
19.99%
Up to 55 days on purchases
0% for 12 months, then 21.99%
$349 first year ($399 after)
Up to 80,000 Bonus Points
Earn up to 80,000 bonus Qantas Points. Plus, save with a reduced first-year annual fee and 0% p.a. for 12 months on balance transfers.

ANZ First Credit Card - Exclusive Offer

Exclusive
ANZ First Credit Card - Exclusive Offer
20.24%
Up to 55 days on purchases
21.24%
$30
$200 digital gift card
Get a $200 digital gift card when you spend $750 on eligible purchases in the first 3 months. Plus, a low $30 annual fee.

Westpac Low Rate Card

Westpac Low Rate Card
13.74%
Up to 55 days on purchases
0% for 28 months with 2% balance transfer fee, then 21.49%
$59
0% Balance Transfer Offer
Save with a 0% interest rate on balance transfers for 28 months. Plus, a low 13.74% purchase interest rate. Ends 14 June 2023.

American Express Velocity Platinum Card

Finder Award
American Express Velocity Platinum Card
23.99%
Up to 55 days on purchases
$375
60,000 Bonus Velocity Points
Get 60,000 bonus Velocity Points when you spend $3,000 in the first 3 months. Plus a return domestic flight each year.

ANZ Rewards Black Credit Card

ANZ Rewards Black Credit Card
20.24%
Up to 55 days on purchases
21.24%
$375
180,000 Bonus Points & $150 back
Get 180,000 bonus ANZ Reward Points (worth $800+ in digital gift cards) and $150 back when you spend $3,000 in the first 3 months.

American Express Qantas Business Rewards Card

American Express Qantas Business Rewards Card
0%
Up to 51 days on purchases
$450
150,000 Bonus Qantas Points Offer
ABN holders w/ $75k revenue. Earn 150,000 bonus Qantas Points when you spend $3,000 in the first 2 months.

ANZ Low Rate - Cashback Offer

ANZ Low Rate - Cashback Offer
12.49%
Up to 55 days on purchases
21.24%
$58
$250 Cashback
Get $250 back on your card when you spend $1,500 on eligible purchases in the first 3 months.

Qantas American Express Ultimate Card

Qantas American Express Ultimate Card
23.99%
Up to 44 days on purchases
$450
60,000 bonus Qantas Points
Get 60,000 bonus Qantas Points when you spend $3,000 in the first 3 months. Plus, a yearly $450 Travel Credit.

ANZ Platinum Credit Card

ANZ Platinum Credit Card
20.24%
Up to 55 days on purchases
21.24%
$0 first year ($87 after)
$250 back & $0 First-Year Annual Fee
Get $250 back on your card when you spend $1,500 on eligible purchases in the first 3 months and a $0 first-year annual fee. Plus, complimentary overseas travel insurance.

American Express Velocity Business Card

American Express Velocity Business Card
0%
Up to 51 days on purchases
$249
100,000 bonus Velocity Points
ABN holders w/ $75,000 revenue. Get 100,000 bonus Velocity Points when you spend $3,000 in the first 2 months.

HSBC Platinum Credit Card

HSBC Platinum Credit Card
19.99%
Up to 55 days on purchases
0% for 12 months with 2% balance transfer fee, then 21.99%
$29 first year ($129 after)
0% Balance Transfer Offer
Save money with a 0% balance transfer rate for 12 months (with a one-time 2% BT fee), a first-year annual fee discount and free travel insurance.

American Express Business Explorer Credit Card

American Express Business Explorer Credit Card
23.99%
Up to 55 days on purchases
$149
75,000 Bonus Points Offer
ABN holders w/ $75,000 revenue. Get 75,000 bonus points when you spend $3,000 in the first 3 months.

Bankwest Breeze Classic Mastercard

Bankwest Breeze Classic Mastercard
0% for 15 months, then 12.99%
Up to 55 days on purchases
0% for 15 months with 2% balance transfer fee, then 12.99%
$0 first year ($49 after)
0% Interest Offers
Save with 0% p.a. on purchases and balance transfers for 15 months (with a 2% BT fee). Plus, a $0 first-year annual fee.

Westpac Low Rate Card - Cashback Offer

Westpac Low Rate Card - Cashback Offer
13.74%
Up to 55 days on purchases
$59
Up to $250 Cashback
A no-frills card offering up to $250 cashback: $50 each month you make at least $1,000 of eligible purchases for the first 5 months.

ANZ Rewards Platinum

ANZ Rewards Platinum
20.24%
Up to 55 days on purchases
21.24%
$95
80,000 Bonus Points and $50 back
Get 80,000 bonus ANZ Reward Points (worth $350 in eGift cards) and $50 back when you spend $2,000 on eligible purchases in the first 3 months.

NAB Low Rate Credit Card

Finder Award
NAB Low Rate Credit Card
12.49%
Up to 55 days on purchases
0% for 32 months, then 21.74%
$0 first year ($59 after)
0% Balance Transfer Offer
Get a 0% interest rate on balance transfers for the first 32 months (with no BT fee). Plus, save with a $0 first-year annual fee.
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A credit card can be a great tool to help you buy what you need, earn rewards, or pay off other debt. But credit cards aren't right for everyone. If you're carrying a balance from month to month and paying interest, it might be worth comparing personal loans or even a buy now, pay later service for smaller purchases.

Frequently asked questions

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But Finder may receive compensation when you click links on our site. Learn more about how we make money from our partners.

2023 Finder Award winners and finalists

Find out which brands took first place at the 2023 Finder Awards.

Every year the Finder Credit Card Awards celebrate Australia's best credit cards, with expert analysis of rates, fees and offers based on 12 months' worth of data. The award categories include Best Balance Transfer Credit Card, Best Card for Travellers and Best Frequent Flyer Credit Card – with separate categories for Qantas and Velocity Points.

Because credit card offers change all the time, these cards might not currently have the most competitive deals. But you can use them as a benchmark for current offers.

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