For this reason balance transfer credit cards are often best used only to pay off an existing debt, not for new spending.
That said, interest free credit cards are generally best suited to conscientious spenders who can commit to paying off their purchases before the interest free period ends and who won't be tempted by the 0% rate into buying more things than they really need.
No annual fee credit card: If you're someone who really only uses your credit card as a convenient payment method, doesn't value perks like rewards programs and diligently pays off your card balance in full each month, your credit card match could be a no annual fee credit card.
This means you'll need to be sure that you'll earn and redeem enough rewards each year to make up for the annual fee and you'll also need to pay off your credit card balance in full each month to avoid interest charges that could negate the value of the rewards.
Use Mozo's Rewards Revealer tool to find the perfect rewards card for your spend.
We're here to answer those questions in this tell all guide, aimed at helping you choose your perfect credit card match.
Starting from the top: As mentioned above, there's plenty of choice when it comes to choosing a credit card.Rewards cards can either be directly linked to frequent flyer programs to let you earn Qantas Frequent Flyer, Virgin Velocity or other airline points on your spend, or they can be linked to a more general rewards program that lets you earn and redeem points for everything from gift cards to discounts on retail purchases to travel.The downside to rewards credit cards is that they generally come with higher annual fees and higher interest rates than no frills credit cards.So check out our list of card types below to decide which plastic is worthy of a spot in your wallet: Balance transfer credit card: Have you racked up some debt on your current plastic?Then you could apply for a balance transfer credit card that allows you to roll your existing debt over to a new balance transfer card with a zero percent interest rate.The catch to all this is higher interest rates and fees, so platinum cards are really suited to people who never miss a payment and always pay their balance in full each month.