Debit Cards aka Prepaid Credit Cards
Debit cards (or prepaid credit cards) are a completely different way of looking at the world than the credit card groups in the “low” categories. Prepaid credit cards are simply credit cards where you have to put real money in the account before you can make purchases on them.
In other words, rather than the credit card company fronting you the credit you need to make a purchase (the method in which conventional credit cards work), a prepaid credit card requires that you upload money into an account that the credit card works from and then use the card to make purchases that lower the amount of money that you have left in that account.
At this point many people that are reading this article might be wondering what is so special about prepaid credit cards. In fact, the concept of prepaid credit cards might make them seem similar to debit cards and if they are similar to debit cards then they are not really credit cards at all.
Well, this is certainly an accurate way of looking at things and it is because of their similarity to debit cards that you will really only see one group of people using prepaid credit cards. These people are people with credit so poor that no other credit card is available to them.
Prepaid credit cards are a way for people with poor credit or in some cases no credit to repair or build up their credit in a way that is financially secure for the credit card company they are working with. This is why most people that are on prepaid credit cards are only on them temporarily before switching back to something else.
Credit Cards Zero is a 0% credit card specialist but also features a catalogue of Australian debit cards to choose from.
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Compare Australia's Best Zero Credit Card Offers
St.George Vertigo MasterCard
The St.George Vertigo MasterCard is the ideal low rate shopping card. Save with an amazing introductory offer on both purchases and balance transfers for the first 6 months. Also enjoy instant discounts and added extras with the St.George Instant Benefits Program
- $55 annual fee
- 12.49% p.a. on purchases
- 2.99% p.a. for 6 months on balance transfers
- Cash Advance Rate of 21.24%
- Comes with free secure online shopping service
Click here to read the St George Vertigo terms and conditions
Compared below are a handful of the best credit cards with a 0% balance transfer offer or a $0 annual fee. Enjoy the best rates and fees on your credit cards - zero!
| Credit Card | Card Details | Interest Rate (p.a.) | Cash Advance Rate fee (p.a.) | Balance Transfer Rate (p.a.) | Annual fee | Interest free days (up to) | |
|---|---|---|---|---|---|---|---|
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Best Zero Percent Credit Card ANZ offer one of the lowest rates on the market at 13.24% p.a, along with ANZ Falcon security and a 0% p.a.balance transfer offer. |
13.24% | 21.49% | 0% p.a. for 6 months | $58 | 55 |
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Take advantage of a card with the prestige and status of Platinum but with a low interest rate of 11.49% p.a. Enjoy Citibank World Privileges, offering entertainment & retail discounts worldwide. |
11.49% | 21.24% | 0% p.a. for 6 months | $49 first year (Save $50) | 55 |
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Featuring 1.9% p.a. for 12 months on balance transfers a low ongoing 12.24% on purchases and a $39 annual fee. |
12.24% | 17.99% | 1.9% p.a. for 12 months | $39 | 55 | 
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No annual fee ever. Up to three complimentary cardholders for free. 5.99% p.a. for 12 months on balance transfers Click here to see this card at BankWest.com.au |
16.99% | 16.99% | 5.99% p.a. for 12 months | $0 | 55 |
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Best Zero Annual Fee Card Enjoy a generous rewards program and up to 44 days interest free on purchases at no annual fee, ever. You have the flexibility to opt in for a $80 annual fee if you wish to double your reward points. |
20.49% | 20% | - | $0 | 44 |
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The Vertigo MasterCard is one of Australia's most competitive low rate cards. Comes with St George Instant Benefits which offers discounts on selected retail and entertainment. |
12.49% | 21.24% | 2.99% p.a. for 6 months | $55 | 55 |
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