{"id":1550,"date":"2022-11-14T20:16:42","date_gmt":"2022-11-14T20:16:42","guid":{"rendered":"https:\/\/www.nerdwallet.com\/au\/?page_id=1550"},"modified":"2024-04-24T23:29:32","modified_gmt":"2024-04-24T23:29:32","slug":"types-of-credit-cards","status":"publish","type":"page","link":"https:\/\/www.nerdwallet.com\/au\/credit-cards\/types-of-credit-cards","title":{"rendered":"Types Of Credit Cards In Australia"},"content":{"rendered":"\n<p class=\"\">In general, there are three main types of credit cards: rewards, low-interest and credit-building cards. But a card could feature in more than one of these categories. Understanding the different types of credit cards available can give you a head start when narrowing down your choices.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Rewards credit cards<\/h2>\n\n\n\n<p class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-rewards-credit-card\">Rewards credit cards<\/a> give you something for using the card, such as points or cashback. Each program has its rules, but generally, you\u2019ll earn points, miles or cashback when you make eligible purchases. <\/p>\n\n\n\n<p class=\"\">General rewards credit cards give you flexibility on how you can use your points. Depending on the provider, you can redeem them for gift cards, online merchandise, travel, donations, or even cash to <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/how-to-pay-off-your-credit-card\">pay off an outstanding balance<\/a>.<\/p>\n\n\n\n<p class=\"\">Many programs target specific types of spending or rewards, such as:<\/p>\n\n\n\n<ul class=\"\">\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-travel-credit-card\"><strong>Travel rewards credit cards<\/strong><\/a> typically allow you to earn points or miles on everyday spending. You then use the miles for flights, upgrades, and hotel bookings made through the program provider. You may get additional perks like airport lounge access and travel credits.<\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-frequent-flyer-program-credit-card\"><strong>Frequent flyer credit cards<\/strong><\/a> are similar to travel rewards cards but link to a particular airline loyalty program, such as Qantas Frequent Flyer. The points you earn are only redeemable for flights, travel and other rewards offered through that particular program.<\/li>\n\n\n\n<li class=\"\"><strong>Premium rewards credit cards<\/strong> encourage increased spending through a better earn rate. Typically, these cards award more points per dollar spent than standard credit cards, so you\u2019ll accumulate points faster. They also offer a generous bonus when you take out a new card. Premium cards, like <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/black-and-metal-credit-cards\">black and metal cards<\/a>, are typically characterised by bigger <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/credit-card-limit\">credit limits<\/a> and higher annual fees.<\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-store-credit-card\"><strong>Store credit cards<\/strong><\/a> earn points at specific merchants. These cards often feature the retailer\u2019s branding or logo but are issued by a partnering bank or financial institution. Some providers allow you to earn points on purchases made at other retailers. Others have additional benefits, like VIP offers, shopping discounts and free delivery.&nbsp;<\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-cashback-credit-card\"><strong>Cashback credit cards<\/strong><\/a> usually reward you based on your monthly spending \u2014 for example, 5% cash back per $1 spent on groceries. You can also get rewards in other forms, such as credit on your account or gift vouchers. Some providers offer one-time cashback promotions for new customers, who can get more cashback by spending a minimum amount within a specified period.<\/li>\n\n\n\n<li class=\"\"><strong>Charge cards<\/strong> have no pre-set credit limits. Instead, purchase approval is typically based on your credit and account history. With essentially no spending ceiling, you can earn more reward points. However, <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-charge-card\">charge cards<\/a> must be paid off monthly, or the balance is subject to very high interest rates.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"\">Rewards credit cards tend to have higher <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/how-do-credit-card-interest-rates-work\">interest rates<\/a> and annual fees because, in addition to the rewards program, you\u2019ll often receive extras like complimentary travel insurance. As such, they\u2019re probably better suited to people with <a href=\"https:\/\/www.nerdwallet.com\/au\/personal-finance\/what-is-a-good-credit-score\">good credit<\/a> who can repay the balance in full each month.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group has-lightest-yellow-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\" style=\"padding-top:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--40)\">\n<p class=\"\">\ud83e\udd13 <strong>Nerdy tip<\/strong><\/p>\n\n\n\n<p class=\"\">Make sure you check the rewards program\u2019s rules when you <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/how-to-apply-for-a-credit-card\">apply for a credit card<\/a> \u2014 like whether points expire and if there are redemption costs \u2014 so you can accurately determine the card\u2019s value. You should also confirm that extras like travel insurance are adequate for your needs.<\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Low-interest and balance transfer credit cards<\/h2>\n\n\n\n<p class=\"\">These credit cards are usually cheap and straightforward, with fewer features and little to no rewards.<\/p>\n\n\n\n<ul class=\"\">\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-low-rate-credit-card\"><strong>Low-interest credit cards<\/strong><\/a> typically carry a low-interest rate on purchases and have interest-free days. Many have an annual fee and restrictions on cash withdrawals. They typically suit people who can\u2019t always repay their entire balance.<\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-are-zero-interest-and-interest-free-credit-cards\"><strong>No-interest, flat-fee credit cards<\/strong><\/a><strong> <\/strong>are relatively new in Australia. They charge a monthly fee based on your approved credit limit. Some providers waive or reverse this fee if you don\u2019t use the card during the month. You have to make a minimum monthly payment on the outstanding balance. These cards are designed for purchases only, so you can\u2019t withdraw cash or transfer balances.&nbsp;<\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-balance-transfer-credit-card\"><strong>Balance transfer credit cards<\/strong><\/a> offer a low or 0% interest rate for an introductory period to new customers who move a balance from an existing card. When the introductory period ends, the interest rate reverts to the standard interest rate \u2014 usually the variable cash advance rate \u2014 which can be much higher than the purchase rate. Most providers charge annual fees and balance transfer fees for these cards, though some may offer promotions that waive them for a limited period.<\/li>\n<\/ul>\n\n\n\n<p class=\"\"><strong>\u00bb MORE: <\/strong><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/credit-card-fees-to-know-and-avoid\">Credit card fees to know (and avoid)<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Credit-building credit cards&nbsp;<\/h2>\n\n\n\n<p class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/first-credit-card\">People new to credit cards<\/a> may find it easier to start with a basic option while they develop a repayment routine and build credit.<\/p>\n\n\n\n<p class=\"\">Along with the low-interest and no-interest cards discussed in the previous section, here are other types of <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/credit-card-with-bad-credit\">credit cards for no or bad credit<\/a>:<\/p>\n\n\n\n<ul class=\"\">\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-student-credit-card\"><strong>Student credit cards<\/strong><\/a> are aimed at those studying at university or TAFE. Young consumers still in school may lack the credit and consistent employment history required for a standard credit card. These entry-level cards tend to have no rewards, low-interest rates, smaller credit limits, and no annual fee or the annual fee waived in the first year.&nbsp;<\/li>\n\n\n\n<li class=\"\"><strong>Zero- or low-fee credit cards<\/strong> may have low or <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-no-annual-fee-credit-card\">no annual fees<\/a> for the life of the card or the first year only. Interest rates for purchases are often higher on these cards. Plus, there may be ongoing conditions you have to meet to qualify for a zero annual fee, such as spending minimums.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">How to choose the best type of credit card for you<\/h2>\n\n\n\n<p class=\"\">When choosing a credit card, consider your spending habits and your ability to repay the balance.<\/p>\n\n\n\n<p class=\"\">For example, if you don\u2019t travel often, you may find it difficult to make the most of the benefits available on a travel rewards card to justify its annual fee. Similarly, a <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-store-credit-card\">store credit card<\/a> might give you discounts at your favourite shop, but you can wipe out these savings if you don\u2019t pay off your balance on time and incur interest.<\/p>\n\n\n\n<p class=\"\">Generally, a low-rate card with a low annual fee will offer better value for those unable to pay off their full balance every month. A card with a longer <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/understanding-how-credit-card-interest-free-periods-work\">interest-free period<\/a> may suit people who always pay their balance on time.<\/p>\n\n\n\n<p class=\"\">Once you have decided on the type of credit card that suits your needs, you can compare individual card features and costs, such as those listed below:<\/p>\n\n\n\n<ul class=\"\">\n<li class=\"\">Promotional or introductory interest rate&nbsp;<\/li>\n\n\n\n<li class=\"\">Purchase rate after the introductory period ends<\/li>\n\n\n\n<li class=\"\">The number of interest-free days<\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/credit-card-fees-to-know-and-avoid\">Credit card fees<\/a>, such as annual fees or rewards program fees<\/li>\n\n\n\n<li class=\"\">Other standard fees, such as late payment, <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/credit-card-cash-advance\">cash advance<\/a>, over-limit and <a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/international-transaction-fee\">foreign currency transactions<\/a>.<\/li>\n<\/ul>\n\n\n\n<div class=\"nwb-authors nwb-authors__footer wp-block-nerdwallet-blocks-authors-card\">\n\t<div class=\"nwb-authors__wrapper\">\n\t\t<h4 class=\"nwb-authors__title\">\n\t\t\tAbout the Authors\t\t<\/h4>\n\n\t\t\t\t\t<div class=\"nwb-authors__content\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/au\/author\/kristie-kwok\">\n\t\t\t\t\t\t<img\n\t\t\t\t\t\t\tclass=\"nwb-authors__image\"\n\t\t\t\t\t\t\tsrc=\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2022\/10\/KristieKwok-150x150.jpg\"\n\t\t\t\t\t\t\twidth=\"120\" height=\"120\"\n\t\t\t\t\t\t\talt=\"Kristie Kwok photo\"\n\t\t\t\t\t\t\/>\n\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t<div>\n\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/au\/author\/kristie-kwok\">\n\t\t\t\t\t\t<strong>Kristie Kwok<\/strong>\n\t\t\t\t\t<\/a>\n\n\t\t\t\t\t<div class=\"nwb-authors__bio\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Kristie Kwok is a personal finance expert and former contributing writer at NerdWallet Australia. She has covered personal and business finance for almost 10 years. She is a qualified chartered&hellip;<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/au\/author\/kristie-kwok\" title=\"Read more about Kristie Kwok\">\n\t\t\t\t\t\t\t<span>Read more about Kristie Kwok and explore their articles<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"nwb-authors__content\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/au\/author\/georgia-rose\">\n\t\t\t\t\t\t<img\n\t\t\t\t\t\t\tclass=\"nwb-authors__image\"\n\t\t\t\t\t\t\tsrc=\"https:\/\/secure.gravatar.com\/avatar\/6b9e515bc45988c863ac8ac39e7bdd34?s=75&#038;d=mm&#038;r=g\"\n\t\t\t\t\t\t\twidth=\"120\" height=\"120\"\n\t\t\t\t\t\t\talt=\"Georgia Rose photo\"\n\t\t\t\t\t\t\/>\n\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t<div>\n\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/au\/author\/georgia-rose\">\n\t\t\t\t\t\t<strong>Georgia Rose<\/strong>\n\t\t\t\t\t<\/a>\n\n\t\t\t\t\t<div class=\"nwb-authors__bio\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Georgia Rose is a lead writer on the international team at NerdWallet. Her work has been featured in The Washington Post, The New York Times, The Independent and The Associated&hellip;<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/au\/author\/georgia-rose\" title=\"Read more about Georgia Rose\">\n\t\t\t\t\t\t\t<span>Read more about Georgia Rose and explore their articles<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n<\/div>\n\n\n\n\t<section class=\"c-block-card-grid container\"\n\t\t\t>\n\t\t\t\t\t<h4 class=\"c-block-card-grid__title\">\n\t\t\t\tDIVE EVEN DEEPER\t\t\t<\/h4>\n\t\t\n\t\t<div class=\"c-block-card-grid-scroll column-four\">\n\t\t\t<div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-3477\" class=\"c-block-card post-3477 page type-page status-publish has-post-thumbnail hentry content-classification-credit-cards topic-guide-to-credit-cards cluster-applying-for-credit-cards\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/how-to-get-a-credit-card\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"435\" height=\"290\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2023\/07\/how-to-get-a-credit-card-435x290.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"How To Get A Credit Card In Australia\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/how-to-get-a-credit-card\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tHow To Get A Credit Card In Australia\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>To get a credit card, make sure you\u2019re ready and eligible, then choose the right card for you and apply. Once activated, use the card responsibly.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/au\/author\/amanda-smith\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2022\/10\/AmandaSmith1-edited-scaled-e1725395436514-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Amanda Smith<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-3477 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-3623\" class=\"c-block-card post-3623 page type-page status-publish has-post-thumbnail hentry content-classification-credit-cards topic-business-credit-cards cluster-business-credit-card-basics\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-business-credit-card\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"435\" height=\"290\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2023\/07\/What-is-a-business-credit-card-435x290.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"What Is a Business Credit Card?\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-business-credit-card\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tWhat Is a Business Credit Card?\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>A business credit card is like a personal credit card but usually has a higher credit limit and specialised features, like accounting tools.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/au\/author\/alan-hartstein\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2022\/10\/Alan-Hartstein-portrait-40x40.jpeg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Alan Hartstein<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-3623 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-3762\" class=\"c-block-card post-3762 page type-page status-publish has-post-thumbnail hentry content-classification-credit-cards topic-guide-to-credit-cards cluster-types-of-credit-cards\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-virtual-credit-card\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"245\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2023\/07\/virtual-credit-card-e1721670392786-460x245.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"What is a virtual credit card?\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/what-is-a-virtual-credit-card\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tWhat is a virtual credit card?\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>A virtual credit card uses a randomly generated number tied to an existing account to help make digital payments more secure.<\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/au\/author\/alan-hartstein\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2022\/10\/Alan-Hartstein-portrait-40x40.jpeg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Alan Hartstein<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-3762 -->\n<\/div><div class=\"c-block-card-grid-scroll__column\">\n<div id=\"post-3329\" class=\"c-block-card post-3329 page type-page status-publish has-post-thumbnail hentry content-classification-credit-cards topic-guide-to-credit-cards cluster-credit-card-basics\">\n\t<div class=\"c-block-card__inner c-block-card__inner--large\">\n\t\t\t<a class=\"c-block-card__image-wrapper\" href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/credit-card-vs-debit-card\" rel=\"bookmark\">\n\t\t<img loading=\"lazy\" width=\"460\" height=\"244\" decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2023\/06\/credit-card-vs-debit-card-e1723052523873-460x244.jpg\" class=\"c-block-card__image wp-post-image\" alt=\"Credit Card Vs. Debit Card: Differences, Benefits and Uses\" \/>\t<\/a><!-- .c-entry__thumbnail -->\n\t\t\t<div class=\"c-block-card__content-wrapper\">\n\t\t\t\n<h4 class=\"c-block-card__title\">\n\t<a href=\"https:\/\/www.nerdwallet.com\/au\/credit-cards\/credit-card-vs-debit-card\" rel=\"bookmark\" class=\"c-block-card__title-link\">\n\t\tCredit Card Vs. Debit Card: Differences, Benefits and Uses\t<\/a>\n<\/h4>\n\n\t<div class=\"c-block-card__content\">\n\t\t<p>Credit cards are short-term loans that must be repaid, and debit cards are linked to your bank account and spend your own money. <\/p>\n\t<\/div>\n\n\t<div class=\"c-block-card__authors\">\n\t\t\t\t<div class=\"nw-written-by-layout-inline\">\n\t\t\t\n\t\t\t<div class=\"nw-written-by-layout-inline--wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.nerdwallet.com\/au\/author\/amanda-smith\" class=\"author url fn\" rel=\"author\"><img loading=\"lazy\" decoding=\"async\" width=\"32\" height=\"32\" src=\"https:\/\/www.nerdwallet.com\/au\/wp-content\/uploads\/sites\/3\/2022\/10\/AmandaSmith1-edited-scaled-e1725395436514-40x40.jpg\" class=\"avatar avatar-32 photo wp-post-image\" alt=\"\" \/>Amanda Smith<\/a><a href=\"https:\/\/www.nerdwallet.com\/au\/author\/georgia-rose\" class=\"author url fn\" rel=\"author\"><img alt='Georgia Rose profile photo' decoding=\"async\" src='https:\/\/secure.gravatar.com\/avatar\/6b9e515bc45988c863ac8ac39e7bdd34?s=32&#038;d=mm&#038;r=g' class='avatar avatar-32 photo' height='32' width='32' \/>Georgia Rose<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><!-- .c-card__content-wrapper -->\n\t<\/div>\n<\/div><!-- #post-3329 -->\n<\/div>\t\t<\/div>\n\t<\/section>\n\n","protected":false},"excerpt":{"rendered":"<p>Types of credit cards include rewards, low-interest, balance transfer and credit-building cards. When choosing a credit card, consider your spending habits and ability to repay the balance.<\/p>\n","protected":false},"author":4,"featured_media":1551,"parent":159,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/article-sidebar.php","meta":{"_acf_changed":false,"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"[]","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":"","_nw_pros_cons_block_schema":""},"content-classification":[4],"topic":[117],"cluster":[157],"pp_author":[92,225],"acf":[],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - 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