to apply for a credit card in Australia, you usually need to meet the hard conditions such as permanent resident status or holding a visiting visa, being at least 18 years old and having a stable salary income. What is the annual income after tax, whether you own a real estate and a car, how much is in your account, whether you have debts and bank debts, how active your economic activities are, and your personal credit history are all factors that banks will consider when approving the issuance of credit cards. In Australia, you can't move without a credit card. A small credit card can not only prove that a person has enough financial ability, but also prove that you have a good reputation, and it also saves a lot of unnecessary trouble when handling various procedures.

banks are not the only institutions that issue credit cards. Major department stores and airlines independently issue joint credit cards to consumers with the assistance of banks, providing services such as interest-free installment shopping, multiple points and special discounts for shopping.

The design of these co-branded cards is usually very modern and attractive to young people or consumers who like to accumulate credit cards. If the shopping mall has chain stores in all states of the country, it can also be used in all stores. The consumption amount of co-branded cards can accumulate shopping mall points and credit card points at the same time, and the shopping mall provides additional free packaging services for customers who use cards.

There are two types of credit cards in Australia: high annual fee, high reward, low or zero annual fee and no reward. The advantage of the former is that the money spent can accumulate credit card points or be converted into airline mileage points. Or, the cardholder can get an intimate travel accident insurance when purchasing an international air ticket, which saves the cost of spending money on insurance. This card is suitable for people who have certain economic strength, travel frequently and are good at managing money. Its service is good and the annual fee charged is relatively high. Take the Federal Bank as an example. According to the different levels of ordinary cards, gold cards and platinum cards, the annual fees range from 59 Australian dollars to 2 Australian dollars.

The annual fee for credit cards without rewards is generally below 48 Australian dollars. Australia has a high degree of networking, booking hotels and air tickets are usually done online, and car refueling, supermarket shopping and taxis can also be swiped. Choosing this kind of card is convenient for life without spending too much. There is also a credit card for students. Although there is no annual fee, the credit limit is relatively low.

no matter which credit card you choose, you can get an interest-free period of 44 days, 55 days or up to 62 days.

Although credit cards can really bring convenience and benefits to your life, at the moment when the economy is no longer so prosperous, Australians who are used to living in debt find that credit cards also exist? Fierce than a tiger? On the other side. For example, if the arrears are not paid after the interest-free period, the bank will mercilessly charge a very high interest rate, usually above 15%.