According to Equifax an average credit score in Australia is between 460-660.1 If you’re looking for an instant approval credit card, you can easily find the best interest rates and rewards programs online. There are credit cards available for people with less-than-average credit scores, which can provide them access to financial tools that they may need. A quick online search can help you find the right credit card for your needs.

instant credit cards in australia

Australians Love Using Credit Cards

According to there are currently over 13million credit cards in Australia as of January 2022.2 This equates to over half the population probably having access to a credit card for making payments. But what about the remaining population? Well according to this report the reason for denials was 36% being unsteady income and 2nd of all 22% having too much debt already.

Why Use A Credit Card?

Credit cards can actually be a fantastic way to manage personal finances while accessing extra benefits such as rewards programs. But on the other hand when used carelessly they can cause a lot of stress to someone. Comparing the benefits of the cards is hugely important to understand the pros and cons for each card.

4 Quick Benefits Of Using Credit Cards

  • Build Your Credit – In order to gain better access to future home loans, other banking loans or credit cards building your credit is vital. If you’re struggling with bad credit already then to gain trust back to lenders you will need to raise this which often involves a low rate low fee card.
  • Safer Than Cash – Using a credit card offers a few safety features such as 24/7 access to immediate blocking the card. Banks have also added extra safety features like SMS notifications for first time payments and large sum payments to make sure its the owner making the purchase.
  • Travelling – When travelling using a credit card is a fantastic way to offset foreign currency conversions. Some credit cards will offer no fee conversions for different currencies so when travelling this can add up to a large amount of savings.
  • Earn Rewards – Plain and simple this is one of the largest benefits to owning a credit card. Such points systems as Amex, NAB, Westpac, Bankwest and many more offer amazing rewards systems. You can exchange your points for travel, food and lifestyle purchases such as movie tickets and entertainment.

The Top Instant Approval Credit Cards In Australia

MONEYME Freestyle Virtual Card3

The MONEYME Freestyle Virtual Card is a fantastic option for those wanting to rebuild credit. With lightning fast applications this card can be immediately added to your smart phone wallet when successfully approved. The MONEYME Freestyle Virtual Card offers lines of credit from $1,000 up to $20,000. There is different options on rates and fees and packages can be $0, $49 or $149 annual fees depending on the package you choose. With 55 days interest free period on purchases and 19.99%APY its quite a good deal for an instant approval choice!

St.George Amplify Platinum4

The St.George Amplify Platinum currently offers a $29 annual fee for the first year and goes to $99 a year after that. With 100,000 bonus points for the Amplify rewards system its truly a great opportunity right now. The minimum credit limit is $6000 and the maximum credit limit is $80,000 and may require strong credit scores for the upper limits. With 19.49% APY and 55 days of interest free purchases its also another strong contender for the best card. Amplify rewards is a great program with many major companies in Australia like Kayo partnering.

Westpac Altitude Platinum Card5

Next on the list is the Westpac Altitude Platinum Card that is now being offered at $49 for the first annual fee and $150 each year after that. With 19.99% APY its still very competitive in terms of interest rates and offers access to the Westpac Altitude Rewards program. The minimum credit limit for this card is $6000 an the upper maximum limit is $30,000. The type of card is on the Mastercard platform making it easily useable around the world.

ANZ Low Rate6

Introducing the ANZ Low Rate credit card which is a basic credit card with some additional bonus features. This card is easily accessible to most Australians and the application process is very quick. The lowest rates of all the cards mentioned today at 12.49%APY makes it a fantastic option for those wanting a basic credit card. This card is on the Visa system and is required to have a $1000 minimum account. If you take advantage of this card now you can get $0 annual fees and after that each year will cost $58 to use it.

Get The Best Instant Approval Credit Card For You Right Now

If you’re ready to get your hands on a new credit card and are confused by all the different options take a breath. This amazing feature can help to locate the best interest rates and deals in your state. To view the most competitive credit cards in Australia that approve in under 60 seconds try a simple online search.