Mastercard credit cards

Comparison of Mastercard credit card rates, fees, and features.

By   |   Verified by David Boyd   |   Updated 3 Feb 2023

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Comparing Mastercard credit cards

Westpac Low Rate Cashback Credit Card

On website

New offerApply by 29 June 2023

Westpac Low Rate Cashback Credit Card

Balance transfer

N/A

Purchase rate

13.74% p.a. ongoing

Annual fee

$59.00 p.a. ongoing

Highlights

  • Get up to $250 cashback when you apply online by 29 June 2023. $50 cashback will be awarded for every month $1000 or more is spent on eligible purchases for the first 5 statement periods from card approval. Terms and Conditions apply.
  • Low 13.74% p.a. interest rate on purchases.
  • $59 p.a. annual fee.

Pros

  • Get up to $250 cashback when you meet the criteria.
  • Low 13.74% p.a. interest rate on purchases.
  • $59 p.a. annual fee.
  • 55 days interest-free on purchases.

Cons

  • The cash advance rate for this card is 21.49% p.a.
Westpac Altitude Platinum Credit Card (Altitude)

On website

Balance transfer

N/A

Purchase rate

19.99% p.a. ongoing

Annual fee

$99.00 for 1st year

Highlights

  • Receive 100,000 Altitude bonus points when you spend $3,000 on eligible purchases within 90 days of card approval. Terms and conditions apply.
  • $99 p.a. annual fee for the first year ($150 p.a. annual fee thereafter).
  • Earn 3 Altitude points per $1 on Qantas and Jetstar flights bought in Australia, eligibility criteria apply.

Pros

  • 100,000 bonus Altitude Points when you spend $3,000 in 90 days.
  • Additional savings with the $99 first-year annual fee ($150 p.a. thereafter).
  • Comes with complimentary travel insurance.
  • Earn 1 Altitude point per $1 spent on eligible purchases.

Cons

  • Only up to 45 days interest-free on purchases.
  • Does not include lounge access.
Bankwest Breeze Mastercard

On website

Balance transfer

15 months at 0% p.a.

Purchase rate

15 months at 0% p.a.

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% p.a. on balance transfers for 15 months (0% BT fee, 9.90% p.a. thereafter).
  • 0% p.a. for 15 months on purchases (reverts to 9.90% p.a.)
  • First-year annual fee waiver. $49 p.a. thereafter.
  • New customers only. Limited time. Other fees and charges, T&Cs apply.

Pros

  • 0% p.a. on balance transfers for 15 months.
  • 0% p.a. for 15 months on purchases.
  • First-year annual fee waiver. $49 p.a. thereafter.

Cons

  • There are no rewards on this card.
Bankwest Breeze Platinum Mastercard

On website

Balance transfer

15 months at 0% p.a.

Purchase rate

15 months at 0% p.a.

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% p.a. on balance transfers for 15 months (0% BT fee, 9.90% p.a. thereafter).
  • 0% p.a. for 15 months on purchases (reverts to 9.90% p.a.)
  • First-year annual fee waiver. $69 p.a. thereafter.
  • New customers only. Limited time. Other fees and charges, T&Cs apply.

Pros

  • 0% p.a. on balance transfers for 15 months.
  • 0% p.a. for 15 months on purchases.
  • First-year annual fee waiver. $69 p.a. thereafter.
  • No foreign transaction fees.

Cons

  • There is no rewards program on this card.
Bankwest Zero Mastercard

On website

Balance transfer

34 months at 0% p.a.

Purchase rate

14.99% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • Pay no annual fee as long as you hold the card.
  • 0% p.a. for 34 months on balances transferred (2% balance transfer fee applies). Reverts to 14.99% p.a. thereafter.
  • Up to 55 days interest-free on purchases.
  • New customers only. Limited time. Other fees and charges, T&Cs apply.

Pros

  • There is no annual fee for as long as you keep the card.
  • The current balance transfer offer is extremely competitive.
  • Interest on purchases is comparatively low.

Cons

  • Balance transfers incur a one-off fee.
  • You cannot earn credit card points.
Bankwest Zero Platinum Mastercard

On website

Balance transfer

34 months at 0% p.a.

Purchase rate

14.99% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • No annual fee.
  • 0% p.a. for 34 months on balances transferred (2% balance transfer fee applies). Reverts to 14.99% p.a. thereafter.
  • No foreign transaction fees and complimentary international credit card travel insurance.
  • New customers only. Limited time. Other fees and charges, T&Cs apply.

Pros

  • No annual fee to pay — ever.
  • Very long interest-free balance transfer offer.
  • No fees on purchases in a foreign currency.
  • Complimentary international travel insurance.

Cons

  • There is a 2% fee on balance transfers.
  • You can't earn rewards points.
Westpac Altitude Platinum Credit Card (Qantas)

On website

Balance transfer

N/A

Purchase rate

19.99% p.a. ongoing

Annual fee

$99.00 for 1st year

Highlights

  • Receive 70,000 bonus Qantas Points when you spend $4,000 on eligible purchases within 90 days of card approval. Terms and conditions apply.
  • $99 p.a. annual fee for the first year then $150 p.a. annual fee thereafter (Plus a $50 Qantas Rewards opt-in annual fee).
  • Earn 0.5 Qantas points per $1 spent on eligible purchases


From 1 January 2022, earn 0.5 Qantas Points per $1 up to a maximum of $100,000 spent on eligible purchases annually. Bonus Qantas Points not included in the cap.


Pros

  • 70,000 bonus Qantas Points when you spend $4,000 in 90 days.
  • Additional savings with the $99 first-year annual fee ($150 p.a. thereafter).
  • Comes with complimentary insurance covers which include overseas medical and purchase security.

Cons

  • Only up to 45 days interest-free on purchases.
Westpac Altitude Black Credit Card (Altitude)

On website

Balance transfer

N/A

Purchase rate

19.99% p.a. ongoing

Annual fee

$150.00 for 1st year

Highlights

  • Receive 140,000 Altitude bonus points when you spend $6,000 on eligible purchases within 120 days of card approval. Exclusions apply
  • $150 p.a. annual fee for the first year ($250 p.a. annual fee thereafter).
  • Earn 6 Altitude points per $1 on Qantas, Jetstar, Singapore Airlines, and Emirates flights bought in Australia,, eligibility criteria apply.

Pros

  • 140,000 bonus Altitude Points when you spend $6,000 in 120 days.
  • Additional savings with the $150 first-year annual fee ($250 p.a. thereafter).
  • Earn 1.25 points per $1 spent on eligible purchases
  • Get 2 complimentary lounge passes each year with Priority Pass.

Cons

  • The high annual fee of $250 p.a. after the initial year.
MONEYME Freestyle Virtual Card

Balance transfer

N/A

Purchase rate

14.99% p.a. ongoing

Annual fee

From $0.00 p.a. ongoing

Highlights

  • Use virtual card instantly once approved (typically within 60 mins)
  • Tap n Pay with up to 55 days interest free
  • Use credit to transfer money to anyone
  • Exclusive perks & many more features
  • Thousands of 5-star customer reviews

Bank promo

  • Get MONEYME's lowest advertised rate EVER of 14.99% p.a.
  • Annual fee of $0 to $149 p.a. based on credit limit plus a monthly fee of $5 for balances over $20.
  • Be eligible for deals and credit back offers at over 1,400 participating stores thanks to MONEYME Perks, powered by Cashrewards. Terms and conditions apply.

Pros

  • Available to use immediately after approval.
  • Money can be transferred to your bank account.
  • Get cashback at participating stores with Cashrewards.

Cons

  • The maximum credit limit is comparatively low.
  • Combination of annual and monthly fees can be quite expensive for the highest credit limit.
  • There is a 1.5% withdrawal fee.
Qantas Premier Platinum Credit Card

Apply by 29 March 2023

Qantas Premier Platinum Credit Card

Balance transfer

18 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$249.00 for 1st year

Highlights

  • Earn up to 80,000 bonus Qantas Points. Receive 60,000 bonus Qantas Points when you spend $3,000 or more on eligible purchases within 3 months from card approval. Plus an additional 20,000 bonus points if you have not earned Qantas Points with a credit card in the last 12 months. Terms and Conditions apply.
  • Enjoy 0% on Balance Transfer for 18 months with a 1% Balance Transfer fee. Reverts to Cash Advance rate, thereafter. No interest-free days apply on retail purchases while you have a balance transfer.
  • Save with the reduced annual fee of $249 p.a. for the first year. An ongoing annual fee of $299 p.a. applies in the 2nd year.

Pros

  • Earn up to 80,000 bonus Qantas Points when you meet the criteria.
  • 0% p.a. for 18 months on balance transfers.
  • Additional savings with the $249 first-year annual fee ($299 p.a. thereafter).
  • Comes with complimentary travel insurance.

Cons

  • There is a 1% balance transfer fee.
CommBank Neo

Balance transfer

N/A

Purchase rate

0% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • No interest, no late fees.
  • A choice of three credit limits; $1,000, $2000 or $3,000
  • Simple monthly fee of $12, $18 or $22, based on your credit limit.

Pros

  • No interest, no late fees.
  • No foreign exchange or additional cardholder fees.
  • Cashback benefits for eligible cardholders.

Cons

  • No Awards points for this card.
  • Low credit limits.
  • No balance transfers.
Westpac Flex Card

Balance transfer

N/A

Purchase rate

0% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • 0% interest and $0 late payment fee.
  • $10 monthly fee, or no outstanding balance, $0 fee.
  • Access to Westpac Extras and Rewards.

Pros

  • No interest charges.
  • Pay no monthly fee if you do not have any outstanding balance.
  • Choose to repay monthly or twice a month, plus pay back more at any time.
  • No late payment fees.

Cons

  • Low credit limit.
  • No balance transfers or cash advances.
  • Lacks the ability to earn rewards.
Latitude 28° Global Platinum Mastercard®

Latitude 28° Global Platinum Mastercard®

Balance transfer

N/A

Purchase rate

21.99% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • $0 annual fee.
  • No foreign transaction fees on purchases when travelling or shopping online.
  • Free Global Wi-Fi at more than 1 million hotspots worldwide.

Pros

  • The $0 annual fee.
  • 0% foreign transaction fees.
  • Enjoy up to 55 days interest-free on purchases.

Cons

  • The high purchase interest rate of 21.99%
  • There is no rewards program on this card.
Coles Rewards Mastercard

Apply by 30 April 2023

Coles Rewards Mastercard

Balance transfer

6 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$99.00 p.a. ongoing

Highlights

  • Get 60,000 Flybuys bonus points when you spend $3,000 or more on eligible purchases within 90 days of approval.
  • Enjoy 0% p.a. on balance transfer for 6 months. Reverts to the cash advance rate of 19.99% p.a.
  • Collect 2 points per $1 on eligible spend – that’s on top of the usual Flybuys Points from other partners.
  • $0 international transaction fees for purchases made online or overseas.

Pros

  • Get 60,000 Flybuys bonus points when you meet the criteria.
  • 6 months at 0% p.a. for balance transfers.
  • Collect 2 points per $1 on eligible spend – that’s on top of the usual flybuys points from other partners.
  • Access to the Coles concierge service.

Cons

  • The annual fee of $99 p.a.
  • No international travel insurance.
Coles No Annual Fee Mastercard

Apply by 30 April 2023

Coles No Annual Fee Mastercard

Balance transfer

6 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • Get 30,000 Flybuys bonus points when you spend $3,000 or more on eligible purchases within 90 days of approval..
  • No annual fee ever.
  • 0% p.a. on balance transfers for 6 months. Reverts to cash advance rate of 19.99% p.a.

Pros

  • Get 30,000 Flybuys bonus points when you meet the criteria.
  • 0% p.a. on balance transfers for 6 months.
  • No annual fee ever.
  • Complimentary access to your 24/7 local concierge.

Cons

  • The balance transfer rate reverts to the cash advance rate.
  • No interest-free days while you have a balance transfer.
  • Transactions made in a foreign currency incur a fee.
Coles Low Rate Mastercard

Apply by 28 February 2023

Coles Low Rate Mastercard

Balance transfer

6 months at 0% p.a.

Purchase rate

15 months at 0% p.a.

Annual fee

$58.00 p.a. ongoing

Highlights

  • Enjoy 0% p.a. on purchases for 15 months. Reverts to the variable interest rate on purchases of 12.99% p.a.
  • 0% p.a. on balance transfers for 6 months. Reverts to cash advance rate of 19.99% p.a.
  • Low annual fee of $58 p.a.
  • Collect 1 Flybuys Point for every $2 at Coles Supermarkets.

Pros

  • 0% p.a. on purchases for 15 months.
  • 0% p.a. on balance transfers for 6 months.
  • Complimentary access to your 24/7 local concierge.
  • Interest-free for up to 55 days.

Cons

  • You can only earn Flybuys points at Coles Supermarkets.
  • No interest-free days while you have a balance transfer.