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 Bankwest Zero MasterCard is the first viable $0 annual fee card we've reviewed. The interest free period is generous and the rate isn't over-compensated.

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 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.

The Aussie MasterCard is one of the cheapest credit cards we've found. If you're paying more than 9.99% interest, you are now officially paying too much.

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

The BankWest Lite MasterCard is so good, everyone with an existing card should give serious consideration to swapping.

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.