By country · fees in AUD · 7 cards ranked

Best Credit Cards in Australia 2026

Australian cards ranked: Qantas and Velocity frequent flyer cards, flexible bank points, no annual fee, low-rate and 0% balance transfer cards, and cards with no international transaction fees.

See the ranking Read the guide
Purchase rate range12.99% – 23.99% p.a.
Frequent flyer feesA$295 – A$450
Longest 0% balance transfer~28 months
RegulatorASIC
Sydney, Opera House during daytime

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Ranked 1–7 at a glance

RankCardAnnual feeRewardsWelcome offerForeign feeWho qualifiesScore
1
American Express Qantas Ultimate CardFrequent Qantas flyers maximising points and perks
 A$450/yr Up to 1.25 Qantas Points per AUD1 on eligible spend Large Qantas Points bonus after qualifying spend 3% on foreign currency pur… Good to excellent credit history 4.4
2
NAB Qantas Rewards Signature CardQantas frequent flyers wanting premium perks
 A$295/yr Earn Qantas Points per AUD1 on eligible spend Large Qantas Points bonus after qualifying spend 3% on foreign currency pur… Good to excellent credit history 4.3
3
ANZ Frequent Flyer Black Credit CardHigh-spending Qantas flyers wanting premium perks
 A$425/yr Earn Qantas Points per AUD1 on eligible spend Large Qantas Points bonus after qualifying spend 3% on foreign currency pur… Good to excellent credit history 4.2
4
Bankwest Zero Platinum MastercardTravellers wanting a fee-free card with insurance
 None No points; travel cost savings focus Occasional promotional offer for new cardholders 0% on foreign currency pur… Good credit history 4.2
5
CommBank Neo Credit CardBorrowers wanting simple, interest-free repayments
 None No rewards; simplicity focus No welcome bonus No international transacti… Good credit history 4.1
6
Westpac Altitude Platinum Credit CardRewards seekers wanting Qantas or flexible points
 A$150/yr Earn Altitude points per AUD1 on eligible spend Bonus Altitude or Qantas points after qualifying spend 3% on foreign currency pur… Good to excellent credit history 4.1
7
CommBank Awards Credit CardCommBank customers wanting flexible rewards points
 None Earn Awards points per AUD1 on eligible spend Bonus Awards points after qualifying spend 3% on foreign currency pur… Good credit history 4.0

Airline in Australia

Full ranking

No Annual Fee in Australia

Full ranking

Points & Rewards in Australia

Full ranking
The guide

How to choose: Credit Cards in Australia

Australian cards are sold on Qantas Points and Velocity Points, and our rankings price those points honestly — after monthly caps, after transfer ratios and after the A$295–A$450 fees that premium cards charge. Alongside the points race sits a strong second tier of no-fee, low-rate and balance-transfer cards that win outright for anyone who carries a balance.

The Australian rankings at a glance

  • Frequent flyer — Amex Qantas Ultimate (uncapped, A$450 travel credit), ANZ Frequent Flyer Black (A$7,500 cap), NAB Qantas Rewards Signature.
  • Flexible points — Westpac Altitude, CommBank Awards.
  • No annual fee — Bankwest Zero Platinum (no international fees, travel insurance), CommBank Neo.
  • Low rate and balance transfer — NAB Low Rate, Westpac Low Rate, ING Orange One.

Rules that shape Australian rankings

Points caps (A$3,000–A$10,000 a month on most cards), responsible-lending assessments that can lower the limit you are offered, comprehensive credit reporting that shows every repayment, and the 3% international transaction fee most cards charge. Cards that waive it — Bankwest Zero, 28° Global, Coles Rewards, CommBank Ultimate — rank higher for travellers.

Frequently asked questions

What is the best credit card in Australia?

For Qantas flyers who spend heavily, the Amex Qantas Ultimate; for a free everyday card with travel perks, Bankwest Zero Platinum; for carrying a balance, NAB Low Rate. The rankings above show the order by category.

Which Australian credit card has the best Qantas Points earn rate?

The Amex Qantas Ultimate earns 1.25 points per dollar uncapped. ANZ Frequent Flyer Black earns 1 point per dollar up to A$7,500 a statement period.

Which Australian cards have no international transaction fees?

Bankwest Zero Platinum, Latitude 28° Global, Coles Rewards Mastercard, CommBank Ultimate Awards and ING Orange One (with conditions).

Guides for this ranking

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