It is a common practice for most of us to look for the best deal from any commitment we make but taking time to compare credit cards to choose the best is not practiced by many people; we just pick any card. The fact that credit cards might look the same doesn’t mean they are designed to suit the same needs. Each type of card has some feature incorporated to cater for a particular need. Since we all have different spending habits and different financial plans. In these hard economic times, we should be wary on how we make our financial choices. By comparing credit cards will lead us to choosing the right card that suits our needs.

Always the best card is that which suit your credit behavior and personal circumstances. If you are the type of person who transfers credit card debt to the next month then you are suitable having low interest credit card. Likewise if you are a high spender and clear your balance each month then you might go for high interest credit card that offer some reward programs and grace period.
Sometimes we get into trouble by fail to compare credit cards that we choose. If you can take time to look at different credit cards issued by different banks you will be able to identify different features of various cards e.g. Payment penalties interest rates, balance transfer, purchase interest rates, default interest rates.

Most Australian credit card issuers charge between 7%- 19% interest rates.
Apart from interest rates you will get to know other benefits and feature that different banks offer if you take time to compare credit cards.