Top 5 Credit Cards In Australia

With more and more credit card offers competing for attention, it pays off to look at a range of different card options to make sure you have the best one for you.

In a lot of cases people will hold onto the one credit card unless something goes wrong or they decide to take advantage of balance transfer offers to reduce card debt.

But even if the card you have seems like a decent option, there could still be better ones out there, which is why it often pays off to regularly compare a few credit cards.

Whether you want to see how your card matches up or are looking to get a completely different set of features, here are five of best credit cards in Australia.

American Express Gold Ascent

There are very few basic cards that come with no annual fee, let alone ones that offers a rewards program, which is why the American Express Gold Ascent stands out amongst the handful of cards in this category.

With this card people earn one Membership Rewards point for every $2 spent on the card, with no points capping or expiry.

Bankwest Breeze Classic

The Bankwest Breeze has a standard variable purchase rate of 10.99%, making it the lowest ongoing rate MasterCard option in Australia.

This low rate credit card also comes with extras such as purchase protection and extended warranty options for eligible purchases, making it a great all-round card for people who want a bit more than the basics.

Citibank Clear Platinum

Platinum credit cards can come in all different categories, but for anyone who just wants a simple card with added benefits, the Citibank Clear Platinum is one worth considering.

Not only does this card feature a low ongoing purchase rate of 11.99% p.a., it also offers complimentary international travel insurance, purchase protection, a personal concierge service and a complimentary free bottle of wine at participating restaurants through the Citibank Dining Program.

Virgin Flyer

A lot of frequent flyer cards will have high annual fees or low point-earning potential, but the Virgin Flyer has managed to find a good balance between all the card features.

This card earns one Velocity point for every $1 spent on the card, offers four free domestic seats on Virgin flights every year and has an annual fee of just $99.

Westpac Altitude

With options to redeem rewards for airline loyalty program points, gift cards and electronics or homewares, the Westpac Altitude credit card provides more than enough reward choices.

This dual card program gives people the chance to earn two points for every $1 on the American Express card and one point per $1 using a MasterCard or Visa option, with a purchase rate of 19.99% that is competitive for rewards cards.

No matter what kind of credit card you are looking for, it always pays off to consider a range of different options and one of these five could end up being ideal.