Question 1

What does 'general information only' mean on this site?

Accepted Answer

All content on GettaBettaDeal is general information only. It is not personal financial advice and does not take into account your individual circumstances, objectives, or financial situation. We compare and rank cards based on publicly available data. Before applying for any credit card, you should read the Product Disclosure Statement (PDS) and consider seeking advice from a licensed financial adviser.

Question 2

How do I compare credit card rewards programs in Australia?

Accepted Answer

Look beyond the headline earn rate. Key factors include: the annual fee relative to your expected rewards, which spend categories earn bonus points (groceries, fuel, travel), the value of the rewards currency (Qantas points, Velocity points, or cashback), foreign transaction fees if you travel, and any sign-up bonus conditions such as minimum spend requirements. Our guides rank cards across all these dimensions.

Question 3

Are Qantas or Velocity points better for Australian travellers?

Accepted Answer

It depends on your travel patterns. Qantas Points are redeemable on a wider international network and partner airlines, making them stronger for long-haul business class redemptions. Velocity Points from Virgin Australia tend to offer better value for domestic travel and partner transfers to Singapore Airlines KrisFlyer. Many travellers hold one of each. Our Travel Cards guides break down the best earn rates for both programs.

Question 4

How much are credit card points worth in dollars?

Accepted Answer

Point values vary significantly by program and redemption type. As a general guide: Qantas Points are worth roughly 1–2 cents each for flight redemptions (higher for business class); Velocity Points are similar. Cashback is straightforward at face value. The worst redemptions (merchandise and gift cards) often return less than 0.5 cents per point. Try our Rewards Calculator to model the exact value for your spend profile.

Question 5

Is it worth paying an annual fee for a rewards credit card?

Accepted Answer

Only if you spend enough to earn rewards that exceed the fee. As a rough rule: if a card earns 1 point per dollar with points worth 1 cent each, you need to spend $100 for every $1 of annual fee to break even. A $300 annual fee card requires roughly $30,000 annual spend to justify itself purely on rewards, before accounting for sign-up bonuses, lounge access, travel insurance, or other benefits. Use our Break-even Calculator (coming soon) to model your specific situation.

Question 6

What is a balance transfer and when does it make sense?

Accepted Answer

A balance transfer lets you move existing credit card debt to a new card, typically at 0% interest for an introductory period (often 12–24 months in Australia). It makes sense if you have high-interest debt and can repay the balance within the promotional period. Watch for: balance transfer fees (usually 1–3%), revert rates (often 20%+) after the promotion ends, and restrictions on earning rewards during the transfer period. We rank the best balance transfer offers by total cost.

Question 7

Can I use an Australian credit card overseas without extra charges?

Accepted Answer

Most Australian credit cards charge a foreign transaction fee of 2–3.5% on purchases made in foreign currencies or with overseas merchants. Some premium travel cards waive this fee entirely, which is a significant saving for frequent travellers. Always check the foreign transaction fee in the card's PDS, and consider a no-FX-fee card if you travel more than once or twice per year.

Question 8

How often does GettaBettaDeal update its guides?

Accepted Answer

Our editorial team reviews and updates guides regularly, with each article showing its last updated date. Credit card terms, including interest rates, annual fees, earn rates, and sign-up bonuses, can change at any time. We always recommend verifying current terms directly with the card issuer or on their official website before applying.

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