Five Best Australian Credit Cards

This guide is the result of extensive research into the Australian credit card market. Whether you are looking for zero percent interest rate balance transfers, rewards benefits, low interest rates p.a. on purchases, or multiple cards for loved ones or business associates, this guide of the five best Australian credit cards is sure to offer something for everyone who can meet each perspective company's credit requirements.

Best Australian Credit Card With No Annual Fee: Westpac No Annual Fee Credit Card

Westpac No Annual Fee Credit Card is a MasterCard product with just that - no annual fee for the life of the credit card. It also allows an additional cardholder free of charge. While the regular interest rate is 18.24 percent p.a. on purchases, balance transfers during the first six months of card membership are assessed a 3.99 percent interest rate per annum.

Best Australian Credit Card With Rewards Program: Qantas American Express Credit Card

Qantas American Express Credit Card is prestigious and has a rewards program to match. Cardholders earn one Qantas frequent flier mile for every dollar spent on the account. In addition, 2,500 miles are earned with the card's first purchase. The annual fee is $149 and the interest rate 20.49 percent per annum. There are also many other travel and personal benefits offered with this Australian credit card.

Best Australian Credit Card For Balance Transfers: Citibank Personal Credit

Unlike many credit cards, Citibank Personal Credit has a consistently low interest rate per annum on balance transfers to the account, earning its place in this guide. The rate is 7.49 percent, while purchases and cash advances have a regular interest rate of 14.99 percent per annum. In addition, there are also no ATM or cash advance fees - making this deal a tough one to match.

Best Australian Credit Card For Travel Rewards: Emirates Citibank Platinum Card

This unique MasterCard, Emirates Citibank Platinum Card, offers a host of travel rewards and benefits. Complimentary lounge use in both Australia and Dubai is included, as well as chauffeur service to and from Australian airports. The annual fee is $199, and ideal for frequent travelers. Cardholders also earn 1.5 Skywards miles per dollar spent, and 5,000 miles upon card activation.

Best Overall Australian Credit Card: Coles Myer Source MasterCard

This one was hard to find a match for. Not only does it offer petrol savings, but also no annual fee and zero percent interest on balance transfers for six months. In addition, Coles Myer Source MasterCard offers no annual fee, shopping discounts and rewards, and FlyBuys points. The regular interest rate is 20.25 percent per annum.