Our Pick Of The Best Credit Card Offers For Australians

If you’re looking to earn frequent flyer points with Velocity without spending a hefty amount on an annual fee, then the American Express Velocity Escape Plus Card may appeal. There is a small annual fee of $95, with a small bonus points offer of 30,000 on sign-up as long as you spend $1,000 within the first 90 days.

Standard card purchases earn one velocity point for every dollar spent up to 12,000 points per calendar year, after which each dollar spent earns .75 points.  There is also complimentary travel insurance included with the card as well as a $50 Virgin Australia Statement Credit. The interest rate attached to the card is high at 23.99%.

It is also worth noting that American Express offers a similar card for Qantas Frequent Flyers, known as the Qantas American Express Discovery Card. It charges a $0 annual fee, has a 23.99% interest rate, and uncapped earning potential.

The ANZ First Credit Card may be, as the name suggests, is marketed at Australians looking for their first credit card. Its minimum credit limit of $1,000 makes it potentially suitable for the budget-conscious, and an annual fee of only $30 is much cheaper than the industry standard and the lowest of all ANZ credit card offerings.

Currently, ANZ is offering new First Credit Card holders the ability to earn $125 cash back when spending $750 on eligible purchases in the first three months of approval. ANZ notes that it may vary or end this offer at any time without notice, and that the cashback deal is not available in conjunction with other offers, packages or promotions, or when transferring from an existing ANZ credit card.

ANZ is also currently waiving the annual fee for the first 12 months before reverting to the standard annual fee of $30.

For Australians looking for a general rewards card that isn’t linked to a specific program— such as Qantas Frequent Flyers or Coles’ Flybuys—the ANZ Rewards Black Credit Card may appeal.

It offers 110,000 bonus points and $100 cash back to new customers. To be eligible, ANZ Rewards Black cardholders must spend $5,000 on eligible purchases in the first three months from approval.

The annual fee is on the high side at $375 and the interest rate is 20.99%. There is also a $15,000 minimum credit limit.

St. George Bank’s Vertigo card was previously offering the longest-running balance transfer deal out of the credit cards that Forbes Advisor Australia analysed at 28 months with zero interest. As of March, 2025, it has revised that time-frame down to 24 months, which is still impressive. An annual fee of $55 applies and there is a 55-day interest-free period. There is also a minimum balance amount of $500 and a balance transfer fee of 2%.

Following the 24-month period, cardholders will be charged the variable cash advance rate of 21.99% p.a. on purchases.

The Citi Rewards Credit Card is a high-ranking credit card, scoring 4.5 stars on our analysis of the best credit cards on the market for Australians this year. This is largely due to its many rewards perks, as well as its complimentary insurances, including phone, international travel, purchase cover and more.

Citi Rewards Credit Card is also offering new card holders a 0% p.a. interest rate on balance transfers for the first 15 months, with a 2% balance transfer fee. After this period, purchases will incur a very high 22.99% rate. The credit limit ranges between $2,000 and $100,000.

Issued by NAB, the Coles No Annual Fee Mastercard is just as the name suggests: a card offering no annual fee. It is a rewards card, but instead of earning points to be redeemed in a wide range of stores, cardholders earn Flybuys points for use at participating retailers and Coles-owned and aligned stores, including Officeworks, Liquorland, Shell and Bunnings.

There is a low minimum credit limit of $1,000, which may make it attractive to Coles’ shoppers who want to earn more Flybuys points without spending outside their means. Additionally, new cardholders who apply for the Coles No Annual Fee Mastercard receive 10,000 Flybuys points when they spend $3,000 on eligible purchases within three months from approval.

It is rare for a reward cards to not charge an annual fee, making the Kogan Money Visa Card stand out in our analysis. In addition, new sign-ups receive a $400 Kogan voucher when you spend $3,000 on eligible purchases in three months.

For those looking to transfer existing balances, there is 0% p.a on balance transfers for the first six months with no balance transfer fees. After the promotional period ends, the interest rate on new purchases will revert to 22.74% p.a, which is high.

You can also earn two rewards points per dollar on your eligible purchases at Kogan.com and one rewards point per dollar on everyday purchases at outside retailers.

The NAB Low Rate Credit Card offers a low annual fee of $59 to its cardholders, as well as 0% on balance transfers for the first 24 months (with a 3% balance transfer fee). After the 12-month period, interest will revert to the card’s cash advance rate of 21.74%—which is high but not uncommon for revert rates post balance-transfer period.

There is a minimum credit limit of $1,000 and a 55-day interest-free period.

We also like the low interest rate of 13.49%, as well as the fact that another cardholder can be added for free.

With a 0% interest rate card and no annual fee, the NAB StraightUp Card may suit those looking for a no-frills credit card. However, the card doesn’t support balance transfers or offer rewards.

Instead of an annual fee, there is  a monthly fee dependent on the credit limit. If you have a credit limit of up to $1,000, the monthly fee will be $10; a credit limit of $2,000 incurs a monthly fee of $20; while credit limits between $2,000 and the highest credit limit of $3,000 will result in a $30 monthly fee.

However, it is important to note that if you don’t make any purchases and have an outstanding balance of $0 during the statement period, NAB will reverse your monthly fee for that period.

There is also zero fees on international purchases.

The St. George Amplify Rewards Signature card is offering an attractive sweetener to new customers: 150,000 bonus Amplify points on sign-up, which translates as 130,000 rewards points in year one if you spend $12,000 on eligible purchases and an extra 50,000 points after your first eligible purchase in the second year. Bonus points are available to new cardholders who spend the minimum amount of $12,000 on eligible purchases within the first 12 months from card approval.

There are also plenty of perks: complimentary insurance, lounge passes, uncapped earning on points, and deals on hotels.

The annual fee is on the higher side at $295, but is reduced to $199 for the first year. Pre-existing St. George card holders can also benefit from a more heavily discounted card fee for the first year of $99.