| Credit Card | Purchase Rate | Balance
Transfer |
Interest Free Days | Reward Points | Card Fee | |
|---|---|---|---|---|---|---|
Woolworths Everyday Money Credit Card
|
0% p.a (for first 9 months) |
% p.a |
Up to 55 days | |
$49 | |
ANZ Platinum Credit Card
|
0% p.a (for first 6 months) |
0% p.a (for first 6 months) |
Up to 55 days | |
FREE (for first year) |
|
CitiBusiness Gold Card
|
0% p.a (for first 4 months) |
0% p.a (for first 4 months) |
Up to 55 days | |
$74 (half price for first year) |
|
Citibank Clear Platinum Credit Card
|
0% p.a (for first 6 months) |
0% p.a (for first 6 months) |
Up to 55 days | |
$49 (for first year) |
|
ANZ Low Rate Mastercard
|
0% p.a (for first 3 months) |
0% p.a (for the first 3 months) |
Up to 55 days | |
$58 | |
BoQ Low Rate Credit Card
|
0% p.a (for first 3 months) |
0% p.a (for first 3 months) |
Up to 55 days | |
$27 (for first year) |
|
Bankwest Zero Platinum MasterCard
|
0% p.a (for first 6 months) |
4.99% p.a (for first 9 months) |
Up to 55 days | |
FREE | |
Bankwest Zero Gold MasterCard
|
0% p.a (for first 6 months) |
4.99% p.a (for first 9 months) |
Up to 55 days | |
FREE | |
Bankwest Zero Classic MasterCard
|
0% p.a (for first 6 months) |
4.99% p.a (for first 6 months) |
Up to 55 days | |
FREE | |
Bankwest Breeze Classic Credit Card
|
0% p.a (for first 6 months) |
4.99% p.a (for first 9 months) |
Up to 55 days | |
$49 | |
Suncorp Clear Options Standard Card
|
12.74% p.a |
% p.a |
No interest free days | |
$27 (for first year) |
|
Virgin Money Low Rate Credit Card
|
12.99% p.a |
2.9% p.a (for first 9 months) |
up to 44 days | |
$59 | |
NAB Low Rate Credit Card
|
12.99% p.a |
4.99% p.a (for first 6 months) |
Up to 55 days | |
$59 | |
St.George Vertigo MasterCard
|
13.24% p.a |
0.99% p.a (for up to 6 months) |
Up to 55 days | |
$55 | |
BankSA Vertigo MasterCard
|
13.24% p.a |
0.99% p.a (for up to 6 months) |
Up to 55 days | |
$55 |
Not all credit cards are the same, and cards tend to be classified by the features offered by the card. Recently one trend that has emerged are credits cards which are marketed as low interest credit cards, which offer interest rates that are supposed to be lower than the average interest rate offered by most cards.
Having a credit card which offers a low interest rate makes sense, particularly for borrowers with existing balances on their cards, or those who tend not to pay off their entire balance at the end of every month. The most obvious advantage is that low interest creditcards reduce the amount of interest charged on the debt that is carried on the cards.
Card holders who fail to pay their entire outstanding balance off, when their monthly bill arrives are charged interest by the card issuer or bank, and that interest rate will continue to be charged until the borrowed amount is fully repaid, along with the interest that has been accrued on the debt. Therefore it makes sense to find a credit card which offers the lowest interest rate possible, simply because it reduces the burden of debt.
Global banking giant Citibank is currently running an extremely compelling offer on their Citibank Emirates card.
The Citbank card has a great deal on balance transfers, with a rough annual interest rate of 2.9 per cent, and perhaps the best feature is that card holders earn 3 Skyward Miles, which is the Emirates Airlines frequent flyer program for every $1 spent (normally is just 1.5 miles per dollar spent).

No matter how responsible you are when it comes to credit cards, they still come with a number of pitfalls. As soon as you navigate your way past one, yet another emerges. Here are 9 credit card pitfalls.
The Debt That Never Ends. The minimum payment on many credit cards barely meet the interest being incurred on your debt, which means if you only ever make the minimum, you’re debt will never reduce and seem to be endless. Occasionally a card will be offered with such a low minimum monthly payment, that your debt ends up actually growing.

In the first part of this series we looked at nine credit card pitfalls. As we said previously, even for the most responsible users credit cards represent a minefield so here are nine more pitfalls you should be aware of.
Insurance offers that credit cards tend to present are horribly over-priced. You should avoid signing up to these and instead look on the internet for a better deal.