The HSBC Classic is really only 'classic' in the sense of a good joke. As in, 'Remember how funny that HSBC credit card was with its ridiculous interest rate and poor features? That was classic'.

Swiping your credit card could be a thing of the past, with new RFID technology in the Visa payWave. This new system will allow you to simply wave your card near the cashier and you're done.

The Westpac Low Rate may be one of the better Big Four credit cards, but it still lags distantly behind the Bankwest Lite MasterCard and other less expensive cards from small banks and credit unions.

The GE Money Low Rate MasterCard is quite cheap with a good interest free period and moderate annual fee, but the rate is too high for it to compete against other no-frills cards.

The CPS Silver Low Rate MasterCard is cheap...as long as you're on your best behaviour. The punitive exception fee structure and expensive foreign transactions may be a deterrent for some.

The Bendigo Basic Black is the new, well...black. It's quite possibly the cheapest card we've reviewed, with a super-low interest rate and 44 days interest free.

The Low Rate may be the business credit card for you if you'll spend more than $20,000 each year and don't want a rewards program. Otherwise, the Business One Rewards offers better value.

The SGE Gold Solutions Visa is a good mid-range card and one of the few from a credit union which offers a rewards program. Just a few minor annoyances hold it back...

The Members Equity MasterCard is, not surprisingly, a cheap, no-frills card. However although the annual fee is cheaper than most, the interest free period is also shorter.

When you're the head of a credit card company which likes to boast their security credentials, how much pressure is there to be security conscious? Not enough apparently...

Commonwealth have created a business credit card with a truly low rate, without over-compensating the annual fee. It's just a pity it doesn't have an interest free period.

The NAB Low Rate Visa is a solid contender for the title of cheapest card and is the only sub-eleven-percent card offered by one of the big four.

The HSBC Credit Card (formerly the HSBC Low Rate Visa) may be less ironic after its re-branding, but it's still uncompetitive. The interest rate is too high and the features too low.

The Myer Visa is a mix of a low-end annual fee, mid-range rewards program and high-end interest rate. You'll need to be a regular Myer customer to get real value from it.

The St George Low Rate is a great card, but for only a modest increase in price, the Platinum offers better value.

The NAB Visa Mini is a good card with a solid range of features and a good cash back offer, but you'll probably find yourself using the normal-sized companion card more often.

The Commonwealth Low Rate is simple, but without compromising on the features that matter. It's a tick in every box for students, the budget-conscious and those looking for their first credit card.

What's the difference? Our guide tells you everything you need to know about the major payment systems.

The ANZ Low Rate Mastercard is a great card for students, young people getting their first credit card or anyone looking for a great balance transfer deal.

ANZ Balance Visa is a good all-round card, offering a unique cashback rewards program and a low interest rate on purchases. Like many cards, the cash rate is high, but the card generally stacks up very well against its competition.