Find and compare the best Australian debit card offers here with Savvy.
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If you are looking for a debit card, use our table to compare Australia's best debit card offers with $0 monthly fees, free ATM withdrawals, cashback offers, budgeting apps, security features and much more. Start your debit card search with us now.
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Use invite code SAVVY10 for $10 upon successful sign-up. (Refer to offer T&Cs on Up website)More details |
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ING Orange Everyday |
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Rebates on ATM fees anywhere in Oz. No ING international transaction fees. Zero monthly fees.More details |
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No monthly account fees ever, with no conditions. Free use at over 7,000 ATMs around Australia. No overdrawn fees if you happen to go over your account balance. Open an account in less than 7 minutes.More details |
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Get $40 with a new Complete Freedom everyday bank account.More details |
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Westpac Choice |
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Westpac Choice for easy day-to-day bankingMore details |
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Disclaimer: Savvy is not advising or recommending any particular product to you. We provide general information on products for the purposes of comparison, but your personal situation or goals are not considered here. Although we try to make our comparisons as thorough as possible, we do not have information on all products on the market on our site.
You should always consult a given offer's PDS or further documentation in the process of deciding on which loan to choose, as well as seeking independent, professional advice. If you decide to apply with one of the lenders listed above via our website, you will not be dealing with Savvy; any applications or enquiries will be conducted directly with the lender offering that product.
Debit cards are such an important part of our everyday lives, so finding the best one for your specific needs is worth taking time over. As such, it’s important to compare debit cards here with Savvy to help you find the perfect card for your everyday needs. Consider a range of offers with us to help you find the best one available in Australia.
There’s no ‘one size fits all’ when it comes to finding the best debit card available in Australia. The variety of debit cards available in Australia continues to grow, so the best debit card for your needs won’t necessarily be the best card for your neighbour or your kids. Because we use debit cards so often, it’s important to shop around and make sure you’re getting the best deal to make your dollars stretch further.
As such, it’s important to compare debit cards with Savvy to help you work out which type of card may be the best one for your particular circumstances. Consider your options here to help you make an informed decision on which offer is best for you.
All debit cards work in the same basic way: they allow you to access the money in your linked transaction account to shop, pay bills and buy things online. However, not all cards offer the same value, so when comparing cards with Savvy, think about the following aspects:
Fees
Most debit cards are issued free of charge when you open an everyday bank account. They are typically no-fee, which means they come with no annual or ongoing fees. However, check the conditions attached to the transaction account you open to make sure you understand overdrawn fees, transaction fees or currency conversion fees which may be applied if you use your card overseas.
Rewards
Look at the rewards, incentives and benefits on offer with the debit card and think about how you’ll use it. Some cards offer cashback if you use your card to pay utility bills, up to a set limit per month. Therefore, if you’re going to be using your card to pay your bills online, this may be the best type of card for you. Other debit cards offer frequent flyer points based on your card spending, so if you’re saving up points for your next overseas trip, this may be your best option.
Payment options
Many people now link their debit card to a virtual wallet on their phone or wearable smart device. This offers the convenience of not having to carry your debit card around with you, as you can pay simply by holding the virtual card on your phone to the EFTPOS terminal. However, you’ll need to check what payment options your card offers so you can make sure it is compatible with your phone. Payment options include Apple Pay, Google Wallet, PayID, Samsung Pay, FitBit Pay and Garmin Pay.
Visa or Mastercard?
Both these companies offer very similar debit and credit cards. You may not be offered a choice about which type of card you receive, as the major banks and financial institutions tend to offer either one or the other, depending on which company they are affiliated with. However, some banks do give you an option to choose, so it could come down to which type of card you are familiar with using.
Fraud and purchase protection
Almost all debit cards offer fraud protection in case scammers get hold of your financial information and illegally withdraw funds from your bank account. If your account is hacked, you’re usually protected from financial loss and will be reimbursed by the bank.
However, some debit cards also come with additional protections which can include:
Additional security features
When comparing debit cards, it’s also important to think about the security features that come with the card. For instance, the best debit cards can be quickly locked using online banking or a mobile app as soon as the card is lost or stolen. This can prevent thieves from using your card to make unauthorised purchases. In addition, most debit cards require a PIN to withdraw cash from an ATM and to make tap-and-go purchases over a specified limit, which is usually $200.
The best debit card available to you will vary according to your individual needs and personal situation. Some of the potential uses for different types of debit cards include:
Best debit card for international travel
The best debit card for international travel is likely to be a travel card, also referred to as a global card. Standard debit cards can incur currency conversion and transaction fees if you use them when travelling overseas. In addition, you may be charged hefty fees for using overseas ATMs which aren’t affiliated with your bank.
However, travel debit cards allow you to load them up with different currencies and lock in the exchange rate when you do so. When you use that card overseas, you can choose which currency to pay with, so there aren’t any hidden currency conversation fees. In addition, they often offer a set number of free ATM withdrawals anywhere in the world or allow you to withdraw local currency up to set amounts per week or month.
The downside to travel or global cards is that they come with annual account fees and possibly others, such as recharge or inactivity fees. Carefully consider whether these fees make a travel card your best option.
Best debit cards for students
Most banks offer fee-free banking to students. Their no-fee student debit cards often allow free ATM withdrawals when overseas. They can also come linked to travel insurance in addition to standard fraud protection, so check out the options on offer before deciding which student debit card is the best one for your needs.
Best debit cards for online shopping
Many online stores only accept Visa or Mastercard, with fewer stores offering options to pay with an American Express card. Therefore, as long as your card is issued by one of these major card suppliers, there’s very little difference between these two options. If you do plenty of online shopping, a card offering frequent flyer points for your purchases may see you flying off to your favourite destination faster.
Best debit cards for kids
There are two basic options to get a debit card for a child: either a card linked to a youth or junior bank account or a prepaid card issued by a money app designed especially for kids. Bank debit cards for kids are free, whereas money app spending cards may come with account fees and monthly charges.
Best debit cards for growing your savings
Some banks and financial institutions offer bonus interest on savings accounts if a certain sum is spent or a number of transactions made using a debit card per month. This bonus interest can help boost savings by growing your nest-egg faster with a higher interest rate. If you’re saving aggressively for your next house or car and need a new debit card, consider one which is linked to a transaction account and earns you bonus interest on your precious savings.
When it comes to comparing debit cards through Savvy, you won't have to pay anything to use our handy service.
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Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
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For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
