Credit Cards New Page - Invest With Queenie

Credit Cards

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The Qantas American Express Ultimate Card

Card benefits

$450 annual Qantas Travel Credit
55,000 bonus Qantas Points when you spend $3,000 on eligible purchases on your new card within the first 3 months
Earn 2.25 Qantas Points per $1 spent on eligible purchases at Qantas
Earn 1.25 Qantas Points per $1 spent on card purchases outside of government bodies
Earn 0.5 Qantas Points per $1 spent at government bodies
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Plus two Qantas Club Lounge invitations each year after purchasing select Qantas products and services
Complimentary domestic and international travel insurance (PDS)

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The American Express® Qantas Business Rewards Card

Card benefits

Earn 150,000 bonus Qantas Points when you spend $3,000 on eligible purchases on your new card within 2 months
Earn 2 Qantas Points per $1 spent on Qantas products and services
Earn 0.5 Qantas Points per $1 spent at government bodies
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Plus two Qantas Club Lounge invitations each year after purchasing select Qantas products and services
Complimentary domestic and international travel insurance (PDS)

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Coles No Annual Fee Mastercard

Card benefits

No annual fee
Complimentary insurance on your purchases if they are permanently lost, stolen or accidentally damaged
Earn 1 Flybuys point per $2 spent on eligible services
$10 off your Coles supermarket shop when you redeem 2,000 Flybuys points
Up to 55 days interest free
0% p.a. on purchases for 15 months and then 19.99% p.a. thereafter

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The American Express Velocity Escape Card

Card benefits

No annual fee
Earn 1.75 Velocity points per $1 spent on eligible purchases at Virgin Australia
Earn 0.75 Velocity points per $1 spent on card purchases outside of government bodies
Earn 0.5 Velocity points per $1 spent on purchases at government bodies in Australia

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The Qantas American Express Discovery Card

Card benefits

No annual fee
Card refund and purchase cover
Earn 1.75 Qantas points per $1 spent on Qantas products and services
Earn 0.75 Qantas points per $1 on purchases outside of government bodies
Earn 0.5 Qantas points per $1 spent at government bodies in Australia
Up to 44 days interest free
21.99% p.a. interest rate on purchases after interest free period

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Kogan Money Credit Card

Card benefits

No annual fee
$400 Kogan credit when you spend $1,500 on eligible purchases in 90 days
Earn 2 points per $1 spent on your eligible purchases at Kogan
Earn 1 point per $1 spent on your everyday purchases
Complimentary Kogan First Membership
Up to 55 days interest free
20.99% p.a. interest rate on purchases after interest free period

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The American Express Essential® Credit Card

Card benefits

No annual fee
$100 back when you spend $1,500 on eligible purchases in the first 3 months
Complimentary phone screen insurance covering up to $500 for repairs
Apple Pay, Google Pay and Samsung Pay support
Earn 1 point per $1 spent at government bodies
Earn 1.25 points per $1 on purchases outside of government bodies
Up to 55 days interest free
16.99% p.a. interest rate after interest free period

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American Express Explorer

Card benefits

$400 travel credit every year
70,000 American Express Points when you spend $4,000 on eligible purchases on your new Card within the first 3 months. 70,000 Amex points is equivalent to roughly a $350 gift card
Complimentary domestic and international travel insurance (PDS)
Apple Pay, Google Pay and Samsung Pay support
Complimentary Hilton Honors Silver Status
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Valued at $55 for adults and $34 for children
Complimentary Smartphone Screen Cover, covering up to $500 for repairs. A 10% excess applies to the claimed amount. (PDS)
Earn 2 Membership Rewards points per $1 on all purchases except government bodies where you will earn 1 point per $1 spent
Plus more benefits

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NAB Qantas Rewards Signature Card

Card benefits

120,000 bonus Qantas Points. 90,000 bonus points when you spend $3,000 on within the first 60 days and 30,000 bonus points when you keep your card for over 12 months
Reduced annual card fee (from $395 to $295) for the first year
Earn 1 Qantas Point per $1 spent up to $5,000 on everyday purchases
Earn 0.5 Qantas Points per $1 spend from $5,001 to $20,000 on everyday purchases
Earn 1 bonus Qantas point for every dollar on eligible Qantas purchases
Complimentary Qantas Frequent Flyer membership (a saving of $99.50)
Complimentary domestic, interstate and international travel insuranc

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CommBank Ultimate Awards Card

Card benefits

70,000 bonus Qantas Points when you spend $5,000 on eligible purchases within 90 days
$0 monthly card fee if you spend at least $2,500 in your statement period and choose to receive online statements
Earn up to 1.2 Qantas Points for every $1 spent on eligible purchases, up to $10,000 in a statement period
Unlimited earn on Qantas Points each year
Pay no international transaction fees for purchases you make overseas or online
Included international travel insurance, simply activate before you travel
Up to 55 days interest free on purchases

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ANZ Frequent Flyer Platinum

Card benefits

70,000 bonus Qantas Points
$100 back to your new ANZ Frequent Flyer Platinum card
Earn 0.75 Qantas Points for every $1 up to and including $3,000*
Earn 0.5 Qantas Points for every $1 over $3,000*
$6,000 minimum credit limit

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Qantas American Express Premium Card

Card benefits

Receive 30,000 bonus Qantas Points when you apply online, are approved, and spend $3,000 on your new Card within the first 3 months. Offer available to new Card Members only.
Enjoy two complimentary Qantas Club Lounge invitations each year when you purchase an eligible Qantas product or service
Earn up to 2 Qantas Points for every $1 spent on eligible Qantas products or services
Earn up to 1 Qantas Point for every $1 spent on everyday purchases
Complimentary Domestic and International travel insurance
Earn up to 0.5 Qantas Point for every $1 spent at government bodies
Up to 44 days interest free on purchases

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Qantas Premier Everyday Card

Card benefits

Up to 8,000 bonus Qantas Points. New cardholders earn 2 bonus points on top of the standard earn-rate for every $1 spent on eligible purchases in the first 4 months from card approval, up to a total of 8,000 bonus points
Low $49 annual fee
Complimentary travel insurance (PDS)
Earn 1 bonus Qantas Point per $1 spent on selected Qantas products and services

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Qantas Premier Platinum Card

Card benefits

Up to 80,000 bonus Qantas Points. 60,000 Bonus Qantas Points when $3,000 or more is spent on eligible purchases within 3 months. Plus an additional 20,000 bonus points if you haven’t earned Qantas Points with a credit card in the last 12 months
Complimentary lounge invitations. 2 lounge invitations per year to the Qantas Club Domestic or Qantas Operated International Business Lounges
Earn 1.5 Qantas Points per $1 spent Internationally
Earn 1 Qantas Point per $1 spent on Domestically (up to $10,000 per statement period)
Earn 1 bonus Qantas Point per $1 spent on selected Qantas products and services
Up to 55 days interest free

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American Express Explorer

Card benefits

$400 travel credit every year
70,000 American Express Points when you spend $4,000 on eligible purchases on your new Card within the first 3 months. 70,000 Amex points is equivalent to roughly a $350 gift card
Complimentary domestic and international travel insurance (PDS)
Apple Pay, Google Pay and Samsung Pay support
Complimentary Hilton Honors Silver Status
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Valued at $55 for adults and $34 for children
Complimentary Smartphone Screen Cover, covering up to $500 for repairs. A 10% excess applies to the claimed amount. (PDS)
Earn 2 Membership Rewards points per $1 on all purchases except government bodies where you will earn 1 point per $1 spent
Plus more benefits

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The American Express Essential® Credit Card

Card benefits

No annual fee
$100 back when you spend $1,500 on eligible purchases in the first 3 months
Complimentary phone screen insurance covering up to $500 for repairs
Apple Pay, Google Pay and Samsung Pay support
Earn 1 point per $1 spent at government bodies
Earn 1.25 points per $1 on purchases outside of government bodies
Up to 55 days interest free
16.99% p.a. interest rate after interest free period

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The Qantas American Express Discovery Card

Card benefits

No annual fee
Card refund and purchase cover
Earn 1.75 Qantas points per $1 spent on Qantas products and services
Earn 0.75 Qantas points per $1 on purchases outside of government bodies
Earn 0.5 Qantas points per $1 spent at government bodies in Australia
Up to 44 days interest free
21.99% p.a. interest rate on purchases after interest free period

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The American Express Velocity Escape Card

Card benefits

No annual fee
Earn 1.75 Velocity points per $1 spent on eligible purchases at Virgin Australia
Earn 0.75 Velocity points per $1 spent on card purchases outside of government bodies
Earn 0.5 Velocity points per $1 spent on purchases at government bodies in Australia

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The American Express® Qantas Business Rewards Card

Card benefits

Earn 150,000 bonus Qantas Points when you spend $3,000 on eligible purchases on your new card within 2 months
Earn 2 Qantas Points per $1 spent on Qantas products and services
Earn 0.5 Qantas Points per $1 spent at government bodies
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Plus two Qantas Club Lounge invitations each year after purchasing select Qantas products and services
Complimentary domestic and international travel insurance (PDS)

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The Qantas American Express Ultimate Card

Card benefits

$450 annual Qantas Travel Credit
55,000 bonus Qantas Points when you spend $3,000 on eligible purchases on your new card within the first 3 months
Earn 2.25 Qantas Points per $1 spent on eligible purchases at Qantas
Earn 1.25 Qantas Points per $1 spent on card purchases outside of government bodies
Earn 0.5 Qantas Points per $1 spent at government bodies
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Plus two Qantas Club Lounge invitations each year after purchasing select Qantas products and services
Complimentary domestic and international travel insurance (PDS)

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Qantas American Express Premium Card

Card benefits

Receive 30,000 bonus Qantas Points when you apply online, are approved, and spend $3,000 on your new Card within the first 3 months. Offer available to new Card Members only.
Enjoy two complimentary Qantas Club Lounge invitations each year when you purchase an eligible Qantas product or service
Earn up to 2 Qantas Points for every $1 spent on eligible Qantas products or services
Earn up to 1 Qantas Point for every $1 spent on everyday purchases
Complimentary Domestic and International travel insurance
Earn up to 0.5 Qantas Point for every $1 spent at government bodies
Up to 44 days interest free on purchases

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The American Express® Qantas Business Rewards Card

Card benefits

Earn 150,000 bonus Qantas Points when you spend $3,000 on eligible purchases on your new card within 2 months
Earn 2 Qantas Points per $1 spent on Qantas products and services
Earn 0.5 Qantas Points per $1 spent at government bodies
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Plus two Qantas Club Lounge invitations each year after purchasing select Qantas products and services
Complimentary domestic and international travel insurance (PDS)

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American Express Explorer

Card benefits

$400 travel credit every year
70,000 American Express Points when you spend $4,000 on eligible purchases on your new Card within the first 3 months. 70,000 Amex points is equivalent to roughly a $350 gift card
Complimentary domestic and international travel insurance (PDS)
Apple Pay, Google Pay and Samsung Pay support
Complimentary Hilton Honors Silver Status
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Valued at $55 for adults and $34 for children
Complimentary Smartphone Screen Cover, covering up to $500 for repairs. A 10% excess applies to the claimed amount. (PDS)
Earn 2 Membership Rewards points per $1 on all purchases except government bodies where you will earn 1 point per $1 spent
Plus more benefits

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The American Express® Qantas Business Rewards Card

Card benefits

Earn 150,000 bonus Qantas Points when you spend $3,000 on eligible purchases on your new card within 2 months
Earn 2 Qantas Points per $1 spent on Qantas products and services
Earn 0.5 Qantas Points per $1 spent at government bodies
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Plus two Qantas Club Lounge invitations each year after purchasing select Qantas products and services
Complimentary domestic and international travel insurance (PDS)

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The Qantas American Express Ultimate Card

Card benefits

$450 annual Qantas Travel Credit
55,000 bonus Qantas Points when you spend $3,000 on eligible purchases on your new card within the first 3 months
Earn 2.25 Qantas Points per $1 spent on eligible purchases at Qantas
Earn 1.25 Qantas Points per $1 spent on card purchases outside of government bodies
Earn 0.5 Qantas Points per $1 spent at government bodies
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Plus two Qantas Club Lounge invitations each year after purchasing select Qantas products and services
Complimentary domestic and international travel insurance (PDS)

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NAB Qantas Rewards Signature Card

Card benefits

120,000 bonus Qantas Points. 90,000 bonus points when you spend $3,000 on within the first 60 days and 30,000 bonus points when you keep your card for over 12 months
Reduced annual card fee (from $395 to $295) for the first year
Earn 1 Qantas Point per $1 spent up to $5,000 on everyday purchases
Earn 0.5 Qantas Points per $1 spend from $5,001 to $20,000 on everyday purchases
Earn 1 bonus Qantas point for every dollar on eligible Qantas purchases
Complimentary Qantas Frequent Flyer membership (a saving of $99.50)
Complimentary domestic, interstate and international travel insuranc

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CommBank Ultimate Awards Card

Card benefits

70,000 bonus Qantas Points when you spend $5,000 on eligible purchases within 90 days
$0 monthly card fee if you spend at least $2,500 in your statement period and choose to receive online statements
Earn up to 1.2 Qantas Points for every $1 spent on eligible purchases, up to $10,000 in a statement period
Unlimited earn on Qantas Points each year
Pay no international transaction fees for purchases you make overseas or online
Included international travel insurance, simply activate before you travel
Up to 55 days interest free on purchases

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Coles No Annual Fee Mastercard

Card benefits

No annual fee
Complimentary insurance on your purchases if they are permanently lost, stolen or accidentally damaged
Earn 1 Flybuys point per $2 spent on eligible services
$10 off your Coles supermarket shop when you redeem 2,000 Flybuys points
Up to 55 days interest free
0% p.a. on purchases for 15 months and then 19.99% p.a. thereafter

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The American Express Velocity Escape Card

Card benefits

No annual fee
Earn 1.75 Velocity points per $1 spent on eligible purchases at Virgin Australia
Earn 0.75 Velocity points per $1 spent on card purchases outside of government bodies
Earn 0.5 Velocity points per $1 spent on purchases at government bodies in Australia

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The Qantas American Express Discovery Card

Card benefits

No annual fee
Card refund and purchase cover
Earn 1.75 Qantas points per $1 spent on Qantas products and services
Earn 0.75 Qantas points per $1 on purchases outside of government bodies
Earn 0.5 Qantas points per $1 spent at government bodies in Australia
Up to 44 days interest free
21.99% p.a. interest rate on purchases after interest free period

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Kogan Money Credit Card

Card benefits

No annual fee
$400 Kogan credit when you spend $1,500 on eligible purchases in 90 days
Earn 2 points per $1 spent on your eligible purchases at Kogan
Earn 1 point per $1 spent on your everyday purchases
Complimentary Kogan First Membership
Up to 55 days interest free
20.99% p.a. interest rate on purchases after interest free period

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The American Express Essential® Credit Card

Card benefits

No annual fee
$100 back when you spend $1,500 on eligible purchases in the first 3 months
Complimentary phone screen insurance covering up to $500 for repairs
Apple Pay, Google Pay and Samsung Pay support
Earn 1 point per $1 spent at government bodies
Earn 1.25 points per $1 on purchases outside of government bodies
Up to 55 days interest free
16.99% p.a. interest rate after interest free period

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Qantas Premier Platinum Card

Card benefits

Up to 80,000 bonus Qantas Points. 60,000 Bonus Qantas Points when $3,000 or more is spent on eligible purchases within 3 months. Plus an additional 20,000 bonus points if you haven’t earned Qantas Points with a credit card in the last 12 months
Complimentary lounge invitations. 2 lounge invitations per year to the Qantas Club Domestic or Qantas Operated International Business Lounges
Earn 1.5 Qantas Points per $1 spent Internationally
Earn 1 Qantas Point per $1 spent on Domestically (up to $10,000 per statement period)
Earn 1 bonus Qantas Point per $1 spent on selected Qantas products and services
Up to 55 days interest free

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Qantas Premier Everyday Card

Card benefits

Up to 8,000 bonus Qantas Points. New cardholders earn 2 bonus points on top of the standard earn-rate for every $1 spent on eligible purchases in the first 4 months from card approval, up to a total of 8,000 bonus points
Low $49 annual fee
Earn 1 Qantas Point per $1 spent Internationally
Earn 0.75 Qantas Points per $1 spent on Domestically (up to $3,000 per statement period)
Complimentary travel insurance (PDS)
Earn 1 bonus Qantas Point per $1 spent on selected Qantas products and services

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Qantas American Express Premium Card

Card benefits

Receive 30,000 bonus Qantas Points when you apply online, are approved, and spend $3,000 on your new Card within the first 3 months. Offer available to new Card Members only.
Enjoy two complimentary Qantas Club Lounge invitations each year when you purchase an eligible Qantas product or service
Earn up to 2 Qantas Points for every $1 spent on eligible Qantas products or services
Earn up to 1 Qantas Point for every $1 spent on everyday purchases
Complimentary Domestic and International travel insurance
Earn up to 0.5 Qantas Point for every $1 spent at government bodies
Up to 44 days interest free on purchases

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ANZ Frequent Flyer Platinum

Card benefits

70,000 bonus Qantas Points
$100 back to your new ANZ Frequent Flyer Platinum card
Earn 0.75 Qantas Points for every $1 up to and including $3,000*
Earn 0.5 Qantas Points for every $1 over $3,000*
$6,000 minimum credit limit

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CommBank Ultimate Awards Card

Card benefits

70,000 bonus Qantas Points when you spend $5,000 on eligible purchases within 90 days
$0 monthly card fee if you spend at least $2,500 in your statement period and choose to receive online statements
Earn up to 1.2 Qantas Points for every $1 spent on eligible purchases, up to $10,000 in a statement period
Unlimited earn on Qantas Points each year
Pay no international transaction fees for purchases you make overseas or online
Included international travel insurance, simply activate before you travel
Up to 55 days interest free on purchases

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NAB Qantas Rewards Signature Card

Card benefits

120,000 bonus Qantas Points. 90,000 bonus points when you spend $3,000 on within the first 60 days and 30,000 bonus points when you keep your card for over 12 months
Reduced annual card fee (from $395 to $295) for the first year
Earn 1 Qantas Point per $1 spent up to $5,000 on everyday purchases
Earn 0.5 Qantas Points per $1 spend from $5,001 to $20,000 on everyday purchases
Earn 1 bonus Qantas point for every dollar on eligible Qantas purchases
Complimentary Qantas Frequent Flyer membership (a saving of $99.50)
Complimentary domestic, interstate and international travel insuranc

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The Qantas American Express Ultimate Card

Card benefits

$450 annual Qantas Travel Credit
55,000 bonus Qantas Points when you spend $3,000 on eligible purchases on your new card within the first 3 months
Earn 2.25 Qantas Points per $1 spent on eligible purchases at Qantas
Earn 1.25 Qantas Points per $1 spent on card purchases outside of government bodies
Earn 0.5 Qantas Points per $1 spent at government bodies
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Plus two Qantas Club Lounge invitations each year after purchasing select Qantas products and services
Complimentary domestic and international travel insurance (PDS)

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The American Express® Qantas Business Rewards Card

Card benefits

Earn 150,000 bonus Qantas Points when you spend $3,000 on eligible purchases on your new card within 2 months
Earn 2 Qantas Points per $1 spent on Qantas products and services
Earn 0.5 Qantas Points per $1 spent at government bodies
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Plus two Qantas Club Lounge invitations each year after purchasing select Qantas products and services
Complimentary domestic and international travel insurance (PDS)

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The Qantas American Express Discovery Card

Card benefits

No annual fee
Card refund and purchase cover
Earn 1.75 Qantas points per $1 spent on Qantas products and services
Earn 0.75 Qantas points per $1 on purchases outside of government bodies
Earn 0.5 Qantas points per $1 spent at government bodies in Australia
Up to 44 days interest free
21.99% p.a. interest rate on purchases after interest free period

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American Express Explorer

Card benefits

$400 travel credit every year
70,000 American Express Points when you spend $4,000 on eligible purchases on your new Card within the first 3 months. 70,000 Amex points is equivalent to roughly a $350 gift card
Complimentary domestic and international travel insurance (PDS)
Apple Pay, Google Pay and Samsung Pay support
Complimentary Hilton Honors Silver Status
Free access to The Centurion Lounge at Sydney or Melbourne Airport twice a year. Valued at $55 for adults and $34 for children
Complimentary Smartphone Screen Cover, covering up to $500 for repairs. A 10% excess applies to the claimed amount. (PDS)
Earn 2 Membership Rewards points per $1 on all purchases except government bodies where you will earn 1 point per $1 spent
Plus more benefits

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The American Express Velocity Escape Card

Card benefits

No annual fee
Earn 1.75 Velocity points per $1 spent on eligible purchases at Virgin Australia
Earn 0.75 Velocity points per $1 spent on card purchases outside of government bodies
Earn 0.5 Velocity points per $1 spent on purchases at government bodies in Australia

10 Best credit cards in Australia

In this video we go through 10 top credit cards in Australia. These credit cards have perks like business lounge access, bonus points, complimentary insurances and more.

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Looking for more credit card content?

We’ve created some helpful guides and videos on different credit card products in Australia that you may find useful! You can read and watch them below.

5 No annual fee credit cards

They are perfect for beginners and people who want to pay $0 credit card annual fees.

9 Qantas credit cards

They are perfect for beginners and people who want to pay $0 credit card annual fees.

Best Cashback Credit Cards

We have compared the best six cashback credit cards in Australia.

Frequently asked questions

Do credit cards impact your credit score?

Paying off your full credit card balance each month on time may positively affects your credit score, but not paying back the full balance owing on time may negatively impact your credit score. That’s why it’s important to keep on top of your payments and try to pay off the balance in full and on time each month.

Do you need to pay interest on your credit card?

With every credit card, there’s usually an interest free period of up to 44 days or 55 days, whereby if you pay back the full balance owing on your statement before the interest free period, then no interest is charged.

However, if you don’t pay back the full balance owing before the interest free period, then interest will be charged on the balance owing on your statement. That’s why it’s important to keep on top of your credit card statements and try to pay back the full balance owing each month before the end of the interest free period.

Do credit cards impact your borrowing capacity when you're looking to get a mortgage?

Having a credit card may impact your borrowing capacity, because the banks usually look at the full credit limit that you have on your credit card as a debt, even if you pay back the full balance owing each month on time.

What are the differences between credit cards and debit cards?

Credit cards:

The credit provider allows you to borrow money from them up to the credit limit
Can be used to earn rewards such as frequent flyer points, cash back, and insurances on your purchases

There’s usually an interest free period from 44 days to 55 days, where no interest is charged if you pay back the full balance owing before the end of the interest free period
Interest will be charged on the amount owing after the interest free period if you don’t pay back the full balance

Offers extra fraud protection and protection against unauthorised purchases

Debit cards:

Money is deducted from your bank account
Since it is your money which you are using, no interest or fees are charged (unless you deduct more money than you have in your account)
Generally doesn’t allow you to earn points or cash back
Generally no extra insurances and fraud protection are offered on purchases

What are the differences between credit cards and debit cards?

Credit cards:

The credit provider allows you to borrow money from them up to the credit limit
Can be used to earn rewards such as frequent flyer points, cash back, and insurances on your purchases
There’s usually an interest free period from 44 days to 55 days, where no interest is charged if you pay back the full balance owing before the end of the interest free period
Interest will be charged on the amount owing after the interest free period if you don’t pay back the full balance
Offers extra fraud protection and protection against unauthorised purchases

Debit cards:

Money is deducted from your bank account
Since it is your money which you are using, no interest or fees are charged (unless you deduct more money than you have in your account)
Generally doesn’t allow you to earn points or cash back
Generally no extra insurances and fraud protection are offered on purchases

Do credit cards impact your credit score?

Paying off your full credit card balance each month on time may positively affect your credit score, but not paying back the full balance owing on time may negatively impact your credit score. That’s why it’s important to keep on top of your payments and try to pay off the balance in full and on time each month.

Do you need to pay interest on your credit card?

With every credit card, there’s usually an interest free period of up to 44 days or 55 days, whereby if you pay back the full balance owing on your statement before the interest free period, then no interest is charged.

However, if you don’t pay back the full balance owing before the interest free period, then interest will be charged on the balance owing on your statement. That’s why it’s important to keep on top of your credit card statements and try to pay back the full balance owing each month before the end of the interest free period.

Do credit cards impact your borrowing capacity when you're looking to get a mortgage?

Having a credit card may impact your borrowing capacity, because the banks usually look at the full credit limit that you have on your credit card as a debt, even if you pay back the full balance owing each month on time.

Can I avoid an annual fees on a credit card?

You can avoid credit card annual fees by choosing cards with no annual fees, like the no annual fee credit cards on this page.

Some credit cards waive their annual fees for limited time periods or if you meet the eligibility requirements. So it may be worth looking into the terms and conditions to see what each card has to offer.

Is having no annual fees on a credit card a good?

Having no annual fee on a credit card can be good for some people, especially if they don’t plan on using the card frequently or if they don’t want to pay a fee each year for having the card. For others, a credit card with a fee might be worth it if it provides rewards or benefits that they value, such as cash back, travel rewards, or other perks.

It’s important to weigh the costs and benefits of a credit card, including its annual fee, when deciding whether it’s a good option for you. Consider factors such as your spending habits, the rewards you can earn, as well as any other fees or charges, before making a decision.

Is there a lifetime free credit card?

Yes, there are some credit cards which have no annual fees. However, some no annual fee credit cards can have other costs which are still associated with the card.

It’s important to carefully review the terms and conditions of a credit card, including all fees and charges, before applying or accepting an offer. You should also consider your spending habits and financial goals when choosing a credit card, and make sure the rewards and benefits of the card align with your needs.

This information is general in nature and does not take into account your personal financial circumstances. It is for educational purposes only, and does not constitute financial advice or any other professional advice. You should always do your own research and seek professional advice that is tailored to your specific needs and circumstances.

Queenie Tan and Marquetable Group PTY LTD (ABN 85 635 225 259) are authorised representatives (1301362 and 001301337 respectively) of Money Sherpa PTY LTD ABN 321649 27708 AFSL 451289.

Marquetable Group PTY LTD (ABN 85 635 225 259) are corporate authorised credit representatives (Number: 542464) of Moneysherpa Pty Ltd ABN 32 164 927 708 (Australian Credit License: 451289)

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