Best Credit Cards To Build Your Credit Rating

Credit cards are a great way to build up a credit rating and get access to even more reward programs as well as other financial services like car and home loans.

Just as credit card debt can leave a bad mark on credit history, good credit card use can increase an overall credit rating, which is why it is important to find the right kind of credit card from the start.

While it is tempting to go straight to credit cards with the lowest interest rates in the hopes that it will lead to a better credit score, there are a number of other factors that can have just as much impact on your financial history.

To help you get started with some credit card comparisons for building a better credit rating, here is a look at some of the best cards and what kinds of people they may help.

Aussie MasterCard

This low rate credit card from Aussie is a great option for people who need a bit of a buffer between purchases and payments.

With a low ongoing purchase rate of 13.29% p.a. and a competitive annual fee of $49, this card reduces the risk of credit card debt for people who struggle to pay the balance in full all the time.

Bankwest Zero Gold

As one of the only credit cards without an annual fee, people have the advantage of easier budgeting and potential savings by using the Bankwest Zero Gold credit card.

For cardholders who may have started with a more basic option, choosing a Gold credit card could also help boost credit scores because they tend to be a more premium service than no-frill offers.

Woolworths Everyday Money Card

People looking for a practical rewards program that will help them save money while they work on their credit rating should definitely consider the Woolworths Everyday Money credit card.

Although the interest rate is nothing special at 19.84% p.a., it still offers up to 55 days interest free and a $49 annual fee that is relatively low for rewards cards.

Citibank Clear Platinum Card

Very few credit cards combine rewards with low ongoing purchase rates, which is one of the reasons that the Citibank Clear Platinum credit card stands out.

Cardholders have access to the exclusive Citibank Platinum Rewards program, complimentary insurance offers and a low interest rate of 11.99% p.a. on purchases, making this card a nice balance between rates and rewards.

Using credit cards to boost your credit rating involves managing credit cards and avoiding debt, so it is important to find a card that will make this process easy for you.

Finding an option that will suit your lifestyle should mean you have a credit card that will help you get the credit score you want and make it easier to maintain.