Credit cards play an important role in every Australian’s life. There is a considerable increase in number of credit card users in Australia. The attractiveness of a credit card depends on some important features such as annual fee, rates of interest on purchases and balance transfers, reward programs, cash back offers and interest free period etc.

Some important features of credit card in Australia are as under:

1. Interest Free Period: You may receive up to 55 days interest free period from the date of your transactions, on purchases of goods, services and bill payments with your credit Card. But it is important to pay back the full amount before the due date on statement; otherwise interest will be charged on full amount of purchases made.
2. Reward Program: Credit cards provide the users with the chance of earning bonus points and money back offers on purchases.
3. Balance Transfer offers: Credit cards in Australia offers the customers with attractive incentives on balance transfers. With a Balance Transfer, you can consolidate your debts by transferring your exceptional balances with other credit cards.
4. Interest rates: Credit cards with low rates of interest are very popular.
5. Choice of Cards – You can choose whichever best suits your needs. The Gold and Platinum card options include all the standard features, plus extra benefits such as higher credit limits, free abroad travel insurance, higher reward points but may have higher annual fees.
6. Worldwide Access: Your Credit Card provides instant access to your funds via a worldwide ATM network. All you need is your Card and ATM PIN (or TPIN) for easy 24hours, 7days a week access, anywhere in the world.
7. Security: An electronic chip in the credit card provides greater security than a card with just a magnetic stripe as the microchip makes it more tricky to illegally duplicate the details of your card.
8. Annual Card Fee: Generally no one likes annual fees, especially the starters.  If a credit card has no annual fee, it will offer other features to compensate for the banks loss of money.