Credit cards: what owing money costs
Pay the whole balance by the due date and most cards charge no interest. Leave some owing and interest starts, usually at a high rate. Cash from a credit card is dearer still, and interest on it starts straight away.
Owing $2,000 for a year
$384
That's what it typically costs to keep owing $2,000 on a card for a year, paying just the interest each month, plus the annual fee. The typical purchase rate is 15.42%, and the typical annual fee is $60.
Every credit card
Tap a column heading to sort it. "Owing $2,000" is a year's interest at the purchase rate plus the annual fee.
Interest-free days are the most a card gives on purchases, and only when you paid the last statement in full. Some cards with a 0% purchase rate charge a monthly fee instead, shown here as a year's worth.
Worth knowing
- Paying only the minimum each month can take years to clear a balance, and costs far more in interest.
- Using a credit card to gamble is banned in Australia for online wagering. If you're borrowing to gamble, Gambling Help Online can help, free, any time.
- Struggling with card debt? The National Debt Helpline is free: 1800 007 007.
Rates changed on 834 products since 12 October 2026. Each one is marked "changed" below.
General information, not advice. This shows what banks publish. It doesn't recommend any product, and the order of a table is not a ranking. Rates change, so check the bank's own page for current details before you decide anything.
Source: each bank's own product data, published under the Consumer Data Right, as at 18 October 2026. Every product name links to its page at the bank.