At Finder, we do our best to compare the entire credit card market. This means we endeavour to list every bank and lender as well as every credit card available in Australia. Below, you can click through to each provider page where you can see all of their credit cards. If you're looking for a specific type of offer, you can find links to each of our guides here too.
Credit card providers
Credit cards by type and offer
Types of credit card companies in Australia
In Australia, you can get a credit card from a bank, credit union, co-operative, other financial provider or even a big-name brand such as Coles or Qantas.
Broadly speaking, there are 2 main ways a credit card company can be set up in Australia:
- Credit card issuers are financial organisations that are legally authorised to provide a credit facility. This includes most major banks and financial institutions in Australia, as well as their divisions or subsidiaries (which may have separate licences).
- A credit card brand can also partner with an issuer to offer credit cards under their name. For example, Coles, Virgin Money and Qantas Money credit cards have their own branding but are all issued by NAB.
Top 4 credit card issuers based on market share
If you're interested in the biggest banks or credit card companies, here are the 4 Australian credit card providers with the highest market capitalisation.
1. Commonwealth Bank
As well as being one of the Big Four banks in Australia, CommBank has the highest market capitalisation value at $193.04 billion. The Commonwealth Bank Group includes Bankwest, Colonial First State and CommSec (online stock broking). Commonwealth Bank credit cards include low-rate, low-fee, rewards, premium and business options.
2. NAB
Another of Australia's Big Four banks, NAB has over 8.5 million customers in Australia, New Zealand and across the world. Its market capitalisation is $99.32 billion. NAB credit cards include low-cost, rewards, premium, business and corporate options. It also issues Citi-branded credit cards, along with Coles, Qantas Money, Virgin Money, BOQ and other brands.
3. Westpac
Big Four Bank Westpac's credit card lending portfolio covers products from Westpac Banking Corporation, including St.George, Bank of Melbourne and BankSA. Its total market capitalisation is $82.46 billion. The range of Westpac credit cards include low rate, low fee, balance transfer and rewards options.
4. ANZ
Rounding out the Big Four banks on this list is ANZ, with a total market capitalisation of $79.89 billion. ANZ credit cards offer a mix of products, including rewards, frequent flyer, low-cost and premium cards for both personal and business use.
Want to know more about credit cards in Australia? Get up-to-date credit card statistics, including how many cards and how much debt Aussies owe.
Other factors to consider
- The types of credit cards available. Ultimately, the right credit card company will offer a card with features you want. Keep in mind that even unfamiliar brands could offer you competitive rates, fees, rewards and perks.
- Accessibility. If you want access to a branch, look for banks or brands with locations nearby. For mobile or phone banking, you could also check app store reviews or customer service ratings.
- Rewards and other features. If you want a card that earns rewards, consider the value offered by different programs. And for other perks like complimentary travel insurance, check the requirements so you know you can get value from the card.
- Fees. This includes the annual fee, foreign transaction fees, late payments, cash advances and any other charges on the bank or brands schedule of fees.
- Other accounts. If you want to do all your banking with one provider, look at what other accounts are available and if there are any banking packages (such as if you get a mortgage and a credit card). Alternatively, the free Finder app lets you connect and view your accounts in one place.
- Introductory offers. A new card with a 0% interest rate offer, bonus point, cashback or other perks can give you extra value when you sign-up.
- Ethical values. If green banking is a priority for you, consider the investment details and any community support programs offered by the credit card company. You can usually find this information in the "About" and "Investor" sections of a bank or company's website.
Wondering what to do next? You could compare credit cards to get suggestions on cards that fit your goals, check out more credit card companies or compare some of the latest offers on Finder.
Frequently asked questions
Ask a question
Hi
Is there any card that can be used overseas but no fees charged.
let me know
thanks vin
Hello Vin,
You could look at pre-paid travel money cards, which you can load with different currencies.
And there are a few credit cards that have 0% foreign transaction fees too.
I hope this helps.
I need a credit card for the sole purpose of improving my credit score. I’m on a disability pension. Which one is the best
Hi David,
It might be best to start with a low-fee card to keep your costs down while you build your credit rating. You can review a few options here. Here are some other tips to improve your credit score.
Best of luck!
I am searching for a credit card(preferably Master card) with low fees or no fees to pay my regula r bill
Hello, this guide might be helpful to review some low fee credit card options.
what credit card can i apply and if accepted use straight away
Hi Robert,
Some virtual credit cards can be set up and used after an application is approved. Keep in mind that you would need to meet the eligibility criteria and provide all the relevant details before you could get approval and set up an account. Finder’s guide to instant approval credit cards also has some options you can compare, as well as details on what to consider before you apply. I hope this helps.
best credit card for low annual fees and best in points earn for dollar spend
Hi Martin,
Finder’s guides to credit cards with $0 annual fees and rewards credit cards include tables that allow you to filter based on specific features you want. Alternatively, you can check out the 2023 Finder Credit Card Awards, with categories including Best No Annual Fee Card and Best Rewards Credit Card. I hope this helps.