7 Features of the Best Credit Card Comparison Sites

With so many Australian credit card comparison and general personal finance sites around now it's useful to know some of the key features that make the best ones stand out – because not all of them will be as trustworthy, secure or as independent as you would like.

Credit Licenses

Australian sites that recommend credit cards and allow you to compare credit cards should have the correct ASIC license number as well as a Credit Ombudsman Service Limited Membership Number.

Independent Guides

The best sites offer help for the novice in finding the best credit card deal for their personal situation, without trying to "push" cards from particular credit providers that they have the best commission arrangements with.

Range of Credit Card Providers

If you are making credit card comparisons you need plenty of different cards from different credit providers to choose from. There are more than 30 card issuers in Australia so offering a good cross-section of them is a feature of the best sites.

Current offers

The best personal finance sites are regularly updated with the best and latest offers as well as latest interest rate and financial news that may affect you. Expired offers get taken down and not left there to add confusion, so you need a site that's really on top of this and is updated as often as possible.

Searching and Sorting is Easy

To compare credit cards quickly, easily and accurately you need a site that enables you to search and sort by all the main features like APR, interest free period, annual fee, balance transfer rate and cash advance rate. Comparing credit cards side by side and like for like is the easiest way to arrive at a good solution.

It Has useful Calculators

The best credit card comparison site will also have useful financial calculators that can help you make calculations as and when you need to without having to go to another site to do it.

Secure Credit Card Applications

The best sites will allow you to actually click through and make a credit card application from their site and will also be very secure in this process, forwarding you to a secure server run by the bank or card issuer in question.

The above are seven features that most of the best credit card comparison sites in Australia will have. There are others but if the site you are using ticks most of these boxes then you are moving in the right direction to getting a card that works well for you!

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