Compare Qantas Points earning credit cards

The entire amount spent on your card that month.

Fees paid between your bank and a merchant’s bank to accept card-based transactions.

The rate at which your outstanding balance increases per month if your bill is not paid in full.

The number of days you have to pay your bill in full before interest is charged on the outstanding balance. Interest-free days do not typically apply to cash advances.

An initial interest rate charged when you first acquire your credit card. These rates usually begin low, but revert to the standard high rates after a certain period of time.

Charged if you make a purchase either while overseas or  shopping online from Australia, and the merchant or financial institution processing the transaction is located overseas.

This is charged if you don’t make your minimum payment by the payment due date.

The minimum amount of interest you will be charged if you are charged any interest. For example, if your total interest charge is $0.90 but the credit card company’s minimum interest charge is $1.00, you will be charged $1.00.

The amount listed on your bill as the minimum your bank requires you to pay off your credit card balance at the end of the month. If you don’t make your minimum payment by the payment due date, you may be charged a late payment fee.

An overdraft occurs when you write a cheque, make an ATM transaction, use your debit card to make a purchase, make an automatic bill payment or other electronic payment, for an amount greater than the balance in your account.

A penalty fee charged to you for exceeding your credit limit.

Fees charged if you violate the terms of your cardholder agreement or other requirements related to your account. For example, if you make a late payment or if you exceed your credit limit.

An initial notification that a customer is likely to be approved for a certain credit limit if they apply for that type of credit card. This is based on the information the bank has about their credit history (as opposed to their official credit report), so it does not guarantee the customer will actually be approved if they apply.

This is the interest rate charged on purchases. Most credit cards come with an interest-free period on purchases of up to 55 days.

Any account in which there are not a scheduled number of payments and the full balance need not be paid off monthly. Credit cards are the most common type of revolving account.

Benefits that come with the use of a credit card, often in proportion to the amount of money spent on it. Can come in the form of cash back, shopping vouchers, frequent flyer points and rewards.

When one financial institution treats a lender as if they had defaulted when the lender defaults with a different institution.