| 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 | up to 3 points for $1 | $49 | |
CitiBusiness Gold Card |
0% p.a (for first 4 months) |
0% p.a (for first 4 months) |
Up to 55 days | $1 = 1.25 points | $74 (half price for first year) |
|
BankSA Platinum Visa |
15.99% p.a |
3.99% p.a (for the first 6 months) |
Up to 55 days | Exclusive Platinum card program offered by Visa | $89 | |
HSBC Credit Card |
17.99% p.a |
0% p.a (for first 8 months) |
Up to 55 days | home&Away Privilege Program | FREE | |
St.George Amplify Credit Card |
18.74% p.a |
0.99% p.a (for first 6 months) |
Up to 55 days | Up to $1 = 1 point | $79 | |
Bankwest More Platinum MasterCard |
18.99% p.a |
4.99% p.a (for first 9 months) |
Up to 55 days | $1 = up to 2 points. 20,000 Bonus Points on activation | $190 | |
Bankwest More Gold Mastercard |
19.24% p.a |
4.99% p.a (for first 9 months) |
Up to 55 days | $1 = up to 1.5 points. 5,000 Bonus Points on activation | $120 | |
Bankwest More Classic MasterCard |
19.24% p.a |
4.99% p.a (for first 9 months) |
Up to 55 days | $1 = up to 1.5 points. 2,500 Bonus Points on activation | $89 | |
ANZ Visa Rewards Platinum |
19.89% p.a |
% p.a N/A |
Up to 55 days | Up to 3 points = $1 | $149 | |
ANZ Visa Rewards Card |
19.89% p.a |
% p.a N/A |
Up to 44 days | Up to 2 points = $1 | $89 | |
ANZ Qantas Frequent Flyer Platinum |
19.89% p.a |
% p.a |
Up to 55 days | Up to 1.5 points per $1. Get 20,000 Qantas points on approval. |
$295 | |
ANZ Qantas Frequent Flyer Visa |
19.89% p.a |
% p.a |
Up to 44 days | $1 = 1 point | $95 | |
Woolworths Qantas Credit Card |
19.99% p.a |
% p.a |
up to 55 days | Up to 2 Qantas Frequent Flyer points per $1 spent | $89 | |
Coles Group Source MasterCard |
19.99% p.a |
% p.a n/a |
Up to 62 days | Up to 2 points per $1 | FREE | |
NAB Qantas Gold Card |
19.99% p.a |
4.99% p.a (for first 6 months) |
up to 44 days | Up to 2 points = $2 | $145.50 | |
Velocity NAB Gold Credit Card |
19.99% p.a |
4.99% p.a (for first 6 months) |
up to 44 days | Up to 2 points = $2 | $150 | |
Velocity NAB Standard Credit Card |
19.99% p.a |
4.99% p.a (for first 6 months) |
up to 44 days | Up to 1.5 points per $2 spent | $65 | |
NAB Qantas Platinum Credit Card |
19.99% p.a |
4.99% p.a (for first 6 months) |
up to 44 days | up to 1.5 points = $1 | $290 | |
NAB Qantas Credit Card |
19.99% p.a |
4.99% p.a (for first 6 months) |
up to 44 days | up to 1 point = $1 | $65 | |
HSBC Platinum Credit Card |
19.99% p.a |
0% p.a (for first 6 months) |
Up to 55 day | Earn on every dollar you spend | FREE (For the first year) |
Reward credit cards come with a loyalty program, which offers incentives to the holder for using their card to spend money. Credit card reward programs promise everything from airline miles and cash back to discounts on shopping and reward points which can be redeemed for free gifts.
Whilst some reward programs can sound very attractive, it is important that you can take advantage of what they offer, otherwise the card itself is of little use, because reward credit cards tend to come with hidden charges or higher rates than standard credit cards. For example having a card which offers free travel is almost worthless if the card holder rarely ever travels.
Therefore before choosing a rewards credit card it is important to consider what type of rewards are offered in the programs that are available to you and whether the rewards actually offer you value. Whilst most card issuers offer attractive rewards programs, many bank on the fact that customers never use them because they forget to redeem points they have earned, enabling the card company to either extract a higher fee, or charge higher interest rates.
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.