Mastercard credit cards

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

By   |   Verified by David Boyd   |   Updated 30th September 2022

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Comparing Mastercard credit cards

Westpac Low Rate Cashback Credit Card

On Westpac's website

New offerApply by 31 October 2022

Westpac Low Rate Cashback Credit Card

Balance transfer

12 months at 6.99% p.a.

Purchase rate

13.74% p.a. ongoing

Annual fee

$59.00 p.a. ongoing

Highlights

  • Get up to $200 cashback when you apply online by 31 October 2022. $50 cashback will be awarded for every month $1000 or more is spent on eligible purchases for the first 4 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 $200 cashback when you meet the criteria.
  • Low 13.74% p.a. interest rate on purchases.
  • $59 p.a. annual fee.

Cons

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

On Westpac's website

Balance transfer

24 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$49.00 for 1st year

Highlights

  • Receive 110,000 Altitude bonus points when you spend $3,000 on eligible purchases within 90 days of card approval. Terms and conditions apply.
  • 0% p.a. for 24 months on balance transfers (1 % balance transfer fee applies). Reverts to cash advance rate of 21.49% p.a.
  • $49 p.a. annual fee for the first year ($150 p.a. annual fee thereafter).

Pros

  • 110,000 bonus Altitude Points when you spend $3,000 in 90 days.
  • 0% p.a. for 24 months on balance transfers.
  • Additional savings with the $49 first year annual fee ($150 p.a. thereafter).
  • Comes with complimentary travel insurance.

Cons

  • There is a 1% balance transfer fee.
  • Only up to 45 days interest-free on purchases.
Bankwest Breeze Mastercard

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

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

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

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 Westpac's website

Offer extendedApply by 31 December 2022

Westpac Altitude Platinum Credit Card (Qantas)

Balance transfer

24 months at 0% p.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.
  • Transfer your balance at 0% p.a. for 24 months (1 % balance transfer fee applies). Reverts to cash advance rate of 21.49% p.a.
  • $99 p.a. annual fee for the first year then $200 p.a. annual fee thereafter (inclusive of $50 Qantas Rewards opt-in annual fee).


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.
  • 0% p.a. for 24 months on balance transfers.
  • Additional savings with the $99 first-year annual fee ($200 p.a. thereafter).
  • Comes with complimentary insurance covers which include overseas medical and purchase security.

Cons

  • There is a 1% balance transfer fee.
  • Only up to 45 days interest-free on purchases.
Westpac Altitude Black Credit Card (Altitude)

On Westpac's website

Offer extendedApply by 31 December 2022

Westpac Altitude Black Credit Card (Altitude)

Balance transfer

24 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$99.00 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
  • Transfer your balance at 0% p.a. for 24 months (1 % balance transfer fee applies). Reverts to cash advance rate of 21.49% p.a.
  • $99 p.a. annual fee for the first year ($250 p.a. annual fee thereafter).

Pros

  • 140,000 bonus Altitude Points when you spend $6,000 in 120 days.
  • 0% p.a. for 24 months on balance transfers.
  • Additional savings with the $99 first-year annual fee ($250 p.a. thereafter).

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

Qantas Premier Platinum Credit Card

Balance transfer

18 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$225.00 for 1st year

Highlights

  • Receive 80,000 bonus Qantas Points when spending $3,000 or more on eligible purchases within 3 months of approval.
  • 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 $225 p.a. for the first year. Ongoing annual fee of $299 p.a. applies in the 2nd year.

Pros

  • The 80,000 bonus Qantas Points (Terms and Conditions apply).
  • 0% p.a. for 18 months on balance transfers.
  • Additional savings with the $225 first-year annual fee ($299 p.a. thereafter).
  • Comes with complimentary travel insurance.

Cons

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

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.
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.
Coles Rewards Mastercard

Apply by 31 October 2022

Coles Rewards Mastercard

Balance transfer

12 months at 0% p.a.

Purchase rate

12 months at 0% p.a.

Annual fee

$99.00 p.a. ongoing

Highlights

  • Enjoy 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 purchases for 12 months. Reverts to the variable interest rate on purchases 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.

Pros

  • Earn 60,000 Flybuys bonus points when you meet the spend criteria.
  • Enjoy 0% p.a. on purchases for 12 months. Reverts to the variable interest rate on purchases of 19.99% p.a.
  • 12 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 29 September 2022

Coles No Annual Fee Mastercard

Balance transfer

12 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • Receive 20,000 Flybuys bonus points when you apply by 29 September 2022, get approved, and spend $3,000 or more on eligible retail purchases within 90 days of approval.
  • No annual fee ever.
  • 0% p.a. on balance transfers for 12 months. Reverts to cash advance rate of 19.99% p.a.

Pros

  • Receive 20,000 Flybuys bonus points when you meet the spend criteria.
  • No annual fee ever.
  • 0% p.a. on balance transfers for 12 months with no fees.

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 31 October 2022

Coles Low Rate Mastercard

Balance transfer

6 months at 0% p.a.

Purchase rate

12.99% p.a. ongoing

Annual fee

$58.00 p.a. ongoing

Highlights

  • 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 balance transfers for 6 months.
  • Collect 1 Flybuys Point for every $2 at Coles Supermarkets.
  • 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.