Best credit cards in Australia: complete guide 2025

With plenty of cards on offer, from simple no-fee options to premium products with rewards and travel perks, choosing one that suits your spending habits is key. For expats, the right card makes everyday purchases easier, helping to manage international spending and keeping costs down when sending money home or travelling abroad.

Many Australian credit cards charge extra for overseas transactions or ATM withdrawals, which is why it’s worth comparing options carefully and considering alternatives like Wise.

Consider an international debit card like Wise

While Wise isn’t a credit card, it offers a debit card linked to a multi-currency account, making it a handy companion for expats and frequent travellers who want to spend, withdraw and move money internationally without surprise foreign transaction fees.

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What makes a credit card “best” for expats?

The best card for an expat in Australia is one that makes life easy at home and when you’re overseas. A good card can cut unnecessary costs and even reward you for the way you spend. Here are some features worth keeping in mind when comparing your options:

• No foreign transaction fees: Many Australian credit cards charge an extra 2-3% when you pay in another currency. A card that waives this fee can save a noticeable amount when booking flights, shopping online from abroad, or spending in your home country.
• Competitive exchange rates: Some providers add hidden markups when converting between currencies. Cards that use exchange rates closer to the mid-market rate make sure more of your money goes where you want it.
• Global acceptance: Choosing a card on the Visa or Mastercard networks means you can rely on it almost anywhere in the world, from everyday purchases to withdrawing cash from an ATM.
• Travel benefits and protections: Extras like travel insurance, purchase protection, extended warranties, or airport lounge access can make a big difference if you’re often on the move.
• Reward programs that fit an international lifestyle: Cashback, frequent flyer points, or flexible rewards that can be used globally are useful if you split your time between countries.
• Easy account management and support: Having a card you can manage online or through an app is essential when you’re travelling. Look for 24/7 customer support and quick ways to freeze or replace your card if something goes wrong.

Understanding credit card fees for international spending

If you plan to use your Australian credit card abroad, it’s worth getting familiar with the different fees that can sneak in. Even small percentages can build up quickly when you’re travelling or shopping online from overseas.

Foreign transaction fees: Many Australian credit cards add a charge of around 2-3% when you make a purchase in another currency. For example, a 1,000 AUD hotel bill overseas could end up costing 1,020 AUD or more once the fee is added.

ATM withdrawal fees abroad: Taking out cash with a credit card usually comes with an extra fee, which is charged on top of any foreign transaction costs. In many cases, interest starts to accrue right away, so withdrawing cash this way is one of the most expensive options.

Hidden costs in exchange rate markups: On top of visible fees, some banks and providers use exchange rates that include their own margin. Instead of the fair mid-market rate, you may end up paying several dollars more for every transaction.

Dynamic currency conversion traps: You might be offered the choice to pay in Australian dollars instead of the local currency when paying abroad. It feels convenient, but usually results in a poor exchange rate and extra charges. Choosing the local currency almost always works out cheaper.

Annual fees vs. benefits: Some credit cards charge an annual fee in exchange for perks like travel insurance, purchase protection, or rewards. For expats and frequent travellers, the benefits can be worth it, but if you rarely use them you may be better off with a low- or no-fee card.

Top 7 best credit cards for expats in Australia

A credit card can make everyday spending and international travel much easier. The cards below are among the best options available for expats in Australia this year. Each offers a different balance of rewards, fees and travel benefits, so you can find one that suits your lifestyle. We’ll take a more in-depth look at the details of each provider after this quick comparison.

1. American Express Platinum Card

2. Qantas American Express Ultimate Card

3. CommBank Smart Awards Card

4. Bankwest Breeze Platinum Mastercard

5. Westpac Altitude Black Credit Card

6. ANZ Rewards Platinum Credit Card

7. Citi Rewards Card

Alternative: consider Wise over credit cards

For many expats in Australia, a credit card feels like the simplest option for managing spending at home and abroad. But when you factor in foreign transaction fees, exchange rate markups and interest on overseas cash withdrawals, the real costs can be high.

The Wise debit card offers a different approach. It isn’t a credit card, but for expats it can be a useful financial companion, giving you the freedom to spend and withdraw in multiple currencies without the hidden extras. Linked to your Wise multi-currency account, it uses the mid-market exchange rate with low, transparent fees, so you always know what you’re paying. Whether you’re settling into life in Australia or travelling further afield, Wise helps you stay in control of your money.

Wise debit card benefits

• Mid-market exchange rates with no hidden markups, unlike most banks and credit cards.

• Low, transparent fees starting from 0.63%, compared to the 2–3% many Australian credit cards charge on international spending.
• Global reach with one card that works in 150+ countries, without foreign transaction fees.
• Multi-currency support that lets you hold and manage 40+ currencies at once.
• Real-time control, with instant spending notifications, the ability to freeze or unfreeze your card, and budgeting tools in the Wise app.

Cost comparison: Wise vs. credit cards

When you’re spending overseas, the way your card handles fees and exchange rates can make a big difference. Let’s look at a simple example of spending overseas with a typical Australian credit card versus using the Wise debit card.

Example: Spending 1,500 AUD while on holiday in Bali

*Figures based on average credit card fees in Australia. Exact costs vary depending on the provider.

With Wise, you pay with mid-market rate and only a small, upfront conversion fee. With many Australian credit cards, foreign transaction fees and exchange rate markups can eat into your finances, meaning the same holiday purchase could cost you 45 AUD or more.

When Wise makes more sense than credit cards

Credit cards still have their place, but in many everyday situations the Wise debit card can be the smarter choice:

• For regular international money transfers: Credit cards aren’t designed for sending money abroad, and doing so often triggers cash advance fees. Wise lets you transfer to 140+ countries directly at the mid-market rate.
• When you want to avoid debt: A debit card means you can only spend what you already have, helping you stay on budget and avoid interest charges.
• For better exchange rates: Credit cards often build hidden margins into the rate. Wise converts at the mid-market rate, so you get more value for your money.
• For transparent pricing: Wise shows you all fees upfront in the app before you confirm the payment. With credit cards, fees are often bundled into interest or less favourable exchange rates.

How to choose the right credit card as an expat

1. Assess your spending patterns: Think about where most of your money goes. If you travel frequently, a card with no foreign transaction fees and travel perks may save the most. If you shop locally, a rewards program that matches your day-to-day spending might be better value.
2. Calculate potential fees and savings: Add up the likely costs, including annual fees, foreign transaction charges and ATM fees. Balance these against the benefits, such as cashback or points, to see if the card really pays for itself.
3. Consider your credit history status: If you’re new to Australia, you probably don’t have a local credit history yet. Some premium cards may be harder to qualify for until you’ve built up your record, so check eligibility before applying.
4. Evaluate additional benefits needed: Extras like travel insurance, purchase protection, or airport lounge access can be very useful, but only if you’ll actually use them. Make sure the perks align with your lifestyle.
5. Check eligibility requirements: Many providers have income thresholds or residency rules. Confirm what’s required so you don’t waste time applying for a card you’re unlikely to be approved for.

Questions to ask before applying

• What are the total costs of international spending, including fees and exchange rates?
• Do I qualify for this card based on my current income and credit history?
• What additional benefits will I realistically use, and which are just “nice to have”?
• How does this card compare to alternatives like Wise, which let you manage multiple currencies without the risk of building up credit card debt?

Application tips for expats

Applying for a credit card as a newcomer in Australia can feel daunting, but understanding what lenders look for will help you prepare and boost your chances of approval.

• Building Australian credit history: If you’ve just arrived, your overseas credit record usually won’t transfer to Australia. Start small by opening a basic credit card or using other forms of credit responsibly, such as a mobile phone contract or utility account, to begin building your local history.

• Required documentation: Expect to provide valid ID such as a passport, visa, or driver’s licence. Most banks also require proof of address in Australia, which can be a utility bill or a rental agreement.
• Income verification for expats: Lenders often need evidence of steady income, which may include recent payslips, an employment contract, or bank statements. Some banks are more flexible for newcomers, but being able to show stable earnings helps significantly.
• Address history requirements: Many applications ask for your residential history for the past two or three years. If you’ve lived abroad, be prepared to provide those details too.

Common rejection reasons

• Insufficient Australian credit history: Without a track record of borrowing and repayment in Australia, some applications may be declined. Starting with a more accessible product can help.
• Income verification issues: If your documents don’t clearly show reliable earnings, the bank may hesitate to approve your application.
• Address verification problems: Missing or incomplete proof of address is a common hurdle. Double-check your paperwork before applying.
• Too many recent applications: Submitting multiple credit card applications in a short time can hurt your chances, as it signals financial instability to lenders.

Building credit history as an expat

When you move to Australia, one of the first financial hurdles you may face is building a local credit history. Your record from overseas typically won’t follow you, which means you start fresh in the eyes of Australian lenders. This may feel frustrating at first (especially if you have an excellent credit rating back at home), but with a few simple steps, you can build a reliable profile that supports future applications for loans, credit cards, or mortgages.

One of the simplest ways to begin is with a credit card. By using it for everyday purchases and paying the balance in full and on time each month, you demonstrate that you can borrow responsibly. Over time, these good habits help to strengthen your credit score and improve your access to more competitive financial products.

If you’re not quite ready for a credit card, there are still plenty of other ways to lay the groundwork. Putting utility bills or internet contracts in your name, keeping up with mobile phone payments, or even taking out a small personal loan can all contribute to your financial record. 

However, building up a credit history doesn’t just happen overnight. In most cases, you’ll need at least six months of consistent, positive activity before your score starts to take shape. But with steady payments and careful management, many expats find they can establish a strong credit profile within a year or two, opening doors to bigger financial opportunities in Australia.

Managing your credit card abroad

Having a credit card can make life much easier when you’re travelling, but it’s also important to know how to use it wisely. A few small habits can save you money and prevent unwanted surprises while you’re away.

 Best practices for international spending

• Pay in the local currency: Choosing to be charged in the currency of the country you’re in usually gives you the fairest exchange rate and avoids hidden conversion costs.
• Tell your bank before you travel: A quick note to your card provider about your trip can help stop your card from being declined due to suspected fraud.
• Check your spending often: Use your bank’s app or online banking to keep an eye on your transactions and quickly flag anything unusual.
• Keep emergency contact numbers handy: Store your bank’s emergency contact details somewhere safe so you can act quickly if your card goes missing.

Avoiding common pitfalls

• Dynamic currency conversion traps: Merchants or ATMs may ask if you’d like to be charged in Australian dollars, but this usually comes with a poor rate. Always choose the local currency instead.
• ATM fee accumulation: Frequent small withdrawals abroad can add up in fees from both your card provider and the local ATM operator.
• Overspending due to currency confusion: It’s easy to overspend if you’re not familiar with exchange rates. Keeping a rough conversion in mind helps stay on budget.
• Missing payment due dates while travelling: Missing a due date can impact your credit score in Australia, so consider setting up an automatic payment for at least the minimum amount due.

Conclusion

Choosing a credit card in Australia as an expat comes down to matching features and rewards with your own lifestyle and spending patterns. Some cards focus on travel perks, while others keep things simple with low fees and broad international acceptance. The best option is the one that helps you manage money confidently at home in Australia and when you head overseas.

It’s important to look past the headline offers and check the real costs. Foreign transaction fees, annual charges and exchange rate markups can make a noticeable dent in your finances. Comparing cards side by side makes it easier to spot where you’ll save money and which benefits will actually suit your needs.

Credit cards are useful tools, but they don’t cover every situation. Many expats use them alongside a Wise debit card, which offers spending in 40+ currencies, no foreign transaction fees, and transparent mid-market exchange rates. With Wise you can also track spending and control your card instantly in the app, making it a versatile addition to any credit card you choose.

Useful Resources

• Australian Government – Moneysmart – official guidance on credit cards, fees, and managing debt
• Mastercard Australia – information on Mastercard credit cards, rewards, and travel benefits
• American Express Australia – Amex Platinum credit card
• CommBank – Smart Awards and other Commonwealth Bank credit cards
• Bankwest – Breeze Platinum Mastercard and other products
• Westpac – Altitude Black and full range of Westpac cards
• ANZ – Rewards Platinum and additional ANZ credit cards
• Citi Australia – Citi Rewards and other Citi card options
• Qantas Money – Qantas American Express Ultimate Card
• Wise – multi-currency account and debit card for global spending without foreign transaction fees