The 3 best cards in Australia in [2024]: keep reading

Which is the best credit card for you in 2024?

This is a selection of what we consider to be the best Credit Cards you can apply for in our country in 2024, based on what our users value the most.

Before telling you which credit card is the best in the categories we chose, you should know that this selection is not in any specific order, but contains what we consider to be the best representative in each category.

If you like the cards we listed, click the button below where we’ll teach you how to get each one of them!

Best credit card for you in 2024

1. American Express Velocity Escape Card

If you’re aiming to accumulate frequent flyer points with Velocity without shelling out a lot on an annual fee, the American Express Velocity Escape Card might be your best bet. Unlike many credit cards that offer a $0 annual fee only for the first year before switching to a higher rate, this card features a permanent no annual fee.

When we assessed the top Virgin Velocity Credit Cards for Australians, the Amex Velocity Escape Card earned a solid 4.5-star rating.

Key Features:

• No Annual Fee: Enjoy the benefits without the burden of an annual fee, making it a cost-effective option.
• Uncapped Earning Potential: There are no limits on how many points you can earn, allowing you to accumulate points freely.
• Current Offers: At the moment, Amex isn’t providing additional deals like bonus points for new sign-ups. However, the card’s ongoing benefits make it a strong contender.

2. ANZ First Credit Card

The ANZ First Credit Card is tailored for Australians who are getting their first credit card. Here are some key features that make it a great option

Key Features:

• Minimum Credit Limit: With a minimum credit limit of $1000, it helps you manage your spending responsibly.
• Low Annual Fee: At just $30 per year, the annual fee is significantly lower than many other credit cards and the lowest among ANZ’s offerings.
• $125 Cash Back: Earn $125 cash back when you spend $750 on eligible purchases within the first three months of approval.
• First-Year Waiver: ANZ waives the $30 annual fee for the first 12 months, giving you a cost-free period to start using your card.

Overall, the ANZ First Credit Card provides a practical, low-cost entry into the world of credit cards, making it easier to build your credit history without the burden of high fees.

3. Bankwest Zero Platinum Mastercard

Bankwest is currently providing the longest 0% balance transfer offer available among the credit cards analysed by Forbes Advisor Australia. The balance transfer period extends for an impressive 28 months. However, a balance transfer fee of 3% applies, along with other varying fees and charges depending on the transferred balance amount.

Key Features:

• 28-Month Balance Transfer Period: Enjoy 0% interest on balance transfers for over two years.
• Balance Transfer Fee: A 3% fee is charged on the transferred balance.
• Standard Rate Post-Promotion: After the 28-month period, a standard rate of 14.99% p.a. applies to any remaining balance.

Additionally, the Bankwest Zero Platinum Mastercard comes with an ongoing $0 annual fee, a feature that remains throughout the life of the card. This makes it a cost-effective option for long-term use.

4. Citi Rewards Credit Card

The Citi Rewards Credit Card is a top-tier choice for Australians, as highlighted by Forbes Advisor Australia. With a stellar rating of 4.5 stars, this credit card stands out among the best options available this year. Its appeal lies in a variety of rewards and complimentary insurances that include:

• Phone insurance
• International travel insurance
• Purchase cover insurance

Key Features:

• 0% Interest Rate Offer: New cardholders can benefit from a 0% interest rate for the first 12 months.
• Balance Transfer Deal: Enjoy a 0% p.a. interest rate on balance transfers for the initial 12 months, with no balance transfer fee.

However, it’s essential to note that after the introductory period, a significantly high rate of 22.24% p.a. will apply to balance transfers. This makes it crucial for cardholders to manage their balances effectively within the first year to avoid higher interest charges.

5. Coles No Annual Fee Mastercard

Issued by NAB, the Coles No Annual Fee Mastercard is a credit card that lives up to its name by offering no annual fee. Instead of earning points that can be redeemed anywhere, cardholders accumulate Flybuys points, which can only be redeemed at participating Flybuys retailers.

Key Features:

• No Annual Fee: Enjoy the benefits of a credit card without the burden of an annual fee.
• Rewards Program: Earn Flybuys points on your purchases. These points can be redeemed at popular retailers like Coles, Bunnings, and Officeworks.
• Low Minimum Credit Limit: With a minimum credit limit of $1000, this card is ideal for those who want to manage their spending effectively.

In summary, the Coles No Annual Fee Mastercard is an excellent choice for frequent Coles shoppers looking to earn Flybuys points without the hassle of an annual fee. The card’s low minimum credit limit and the introductory 0% purchase rate for new applicants add to its appeal.