Cash Back Credit Card

If you’re looking for a credit card that offers cash back then you’re in luck, Australia’s banks have plenty on offer.

However it’s not often that you’ll find credit cards that offer cash back as a main feature. Despite the name, most credit providers don’t actually offer cold hard cash for rewards points, instead cash back rewards are credited back to your credit card account and are used specifically to help pay off a remaining balance or annual fee.

Most often these rewards are available to credit consumers under their credit cards’ rewards program. It can be hard to know which is the best cash back credit card for you, as there are a lot of things to take into consideration.

So we’ve taken the stress out of it for you. We took into account things like the interest rates, fees, spend amount for rewards points, and redemption rates for cash rewards in order to work out which is the most economically beneficial and allows you to get your cash back the fastest!

Editor's Choice - Cash Back Credit Cards

Cash – we all want it, but how can we get it? Well…you could get a cash back credit card. We’ve picked our top 3 so your decision is quick and easy. Check them out below, see what you think!

  • Citibank Clear Platinum

    • The Citibank Clear Platinum credit card is one of a number of premium credit cards available from Citibank, but when you compare it to most others on the market it doesn’t really seem like a platinum card at all…Read More

  • BOQ Platinum Visa

    • The platinum credit card from Bank of Queensland is a perplexing one. Why? Well, with all the competition out there, Bank of Queensland has still chosen to offer a credit card with all the same benefit as most other platinum credit cards…Read More

Cash Back Credit Card Reviews

Bank Of Queensland Blue Visa Credit Card

Category: Balance Transfer Credit Card, Bank Of Queensland Credit Card, Cash Back Credit Card, Interest Free Credit Card, Rewards Credit Card

FEATURES SUMMARY

  • Annual fee: Low annual fee
  • Purchase rate: Low p.a. purchase rate
  • Cash Advance rate: Low p.a. cash advance rate
  • Balance Transfer rate: Low p.a. balance transfer rate
  • Interest-free days: Up to 55


Bank Of Queensland Blue Visa

Bank of Queensland’s range of credit cards are not exactly front runners in the credit card race, but to put it bluntly, the Blue Visa is probably the best of the lot.

With a low annual fee matched with (up to) 55 days interest free, the Bank of Queensland Blue Visa is relatively cheap when compared to other rewards credit cards.

Interest is charged  for purchases and  for cash advances. Balance transfers however, are charged the same interest for the life of the transfer. But get in quick because this balance transfer rate is only available for a limited time.

Understandably, it’s a great feature for anyone who is being charged high interest rates on their credit card bill or has managed to rack up a bill that they just can’t seem to get back under wraps.

When purchasing using your Blue Visa you’ll earn 1.5 Q Rewards points for every dollar you spend – average earn rate but typical of a standard credit card.

With the details of the rewards program being unclear at this point it’s hard to say how much you would need to spend to get a reward, but we can tell you what the rewards are.

If you’re a bit of a movie buff then you can redeem your points for Village Cinemas and Hoyts vouchers, or if shopping is more your thing then you can get vouchers for shops like David Jones and Myer. Cash back on Virgin Blue, Qantas, and JetStar flights bought with your Blue Visa is also available through the Take Flight program.

You’ll also get up to $50,000 purchase cover in case of damage, loss or theft of purchases made with your Blue Visa credit card. So who would this card be good for?

Well if you’ve got your heart set on a Bank of Queensland credit card then this one would be ok if you like to use your card for everyday expenses and are vigilant at paying your monthly bill (so as not to accumulate interest, and take advantage of the interest free days).

But to be honest, the one feature that makes this card better than any other and that is the balance transfer rate. So it would most definitely be a good option for those with a large credit card debt who are looking to pay it off at a low rate over a long period of time, while only using the card for emergency purchases. But remember, this balance transfer rate is available for a limited time so you’ve got to get in quick!

See our top credit card picks in the Editor’s Choice category

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Disclaimer - Information found on this website is current and up to date at the time of publishing, with reasonable efforts being made to maintain its accuracy. The Credit Card Guide features a limited selection of the credit cards available in Australia and recommends seeking independent financial advice to suit your circumstances. At times we receive a small commission from some credit card companies if you sign up after clicking the "Apply Online" buttons on this website. The content is provided as general information and should not be taken as professional financial advice.