The Most Efficient Method of Comparing Australian Credit Cards

When comparing credit cards many people think the credit card with the lowest interest rate is the best one to have as you will be paying less interest per month if you do not pay back the monthly balance in full. This is probably true most of the time. However when you want to compare credit cards you should take into account the fees, such as the annual account holding fee, balance transfer fee (if you do take up a balance transfer offer), late minimum payments and various other fees that can be found in the product disclosure statement (the document that lists all the features, rules, terms and conditions of the product) for any credit card you apply for.