Low Rate Visa Credit Card card image

Australian Military Bank Low Rate Visa Credit Card

Advertiser disclosure
Purchase rate
11.99% p.a.
Balance transfer rate
0% p.a. for 12 months and then 11.99% p.a.
Annual fees
$49
Interest free days on purchases
45

Mozo editorial review Australian Military Bank Low Rate Visa Credit Card - last updated: 12 May 2023

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What's hot
  • 0% p.a. balance transfer rate for 12 months (11.99% after)
  • Low 11.99% p.a. purchase rate
  • 45 interest free days
What's not
  • $10 late payment fee
Mozo snapshot

If you're in the market for a new credit card that has all the top features you'd want like a low purchase rate, low annual fee and 45 interest-free days, then you can't go past Australian Military Bank's Low Rate Visa Credit Card. And if you're looking to save on credit card interest by switching cards, there's even better news - the Low Rate Visa Card also comes with a 0% p.a. balance transfer rate for 12 months, and low revert rate of 11.99% p.a.

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Key features

The Low Rate Visa Card has an ongoing purchase rate of 11.99% which is up there with the lowest purchase rates in the market, so this could be a good credit card if you do tend to carry a balance. If you pay your balance off in full each month though, you'll get up to 45 days interest-free.

The card is connected to the Visa network, so you can use it in Australia or overseas wherever Visa is accepted. You'll also be able to tap and go for purchases under $100 as the card has PayWave functionality. If you use the card overseas, you'll pay a 2.95% foreign exchange margin on purchases, although this is relatively standard for most credit cards. 

Where the Low Rate Visa Card can offer some real value is if you're looking to save money by transferring a balance from another credit card. That's because it currently offers a 0% balance transfer rate for 12 months, and unlike many other credit cards that revert to the cash advance rate after the balance transfer period, any remaining balance will revert to the low 11.99% purchase rate. 

And before you ask, anyone can apply for the Low Rate Visa Card, you don't need to be a member of the military to have an account with Australian Military Bank. There is a $49 annual fee to weigh up though.

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Who is it good for

The Low Rate Visa Card could be suitable for a range of people - whether you're looking for a low rate card or want to get on top of your credit card debt and save on interest repayments by making use of the handy balance transfer offer.

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Any catches

You'll need to be at least 18 years old, a citizen or permanent resident of Australia and currently, be employed or receiving a regular income to apply. There's also a $10 late payment fee, but this can be easily avoided by setting up automatic monthly repayments.

Details

Rates and fees information correct as at 28 March 2024 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

11.99% p.a.

none

0% p.a. for 12 months and then 11.99% p.a.

no

19.99% p.a.

45

Fees

$49.00

none

none

none

$10.00

$4.50

2.95%

$2.50

$35.00

$0.00

Features

$20.00

2.0

yes

none

Payment options

Apple Pay, Google Wallet, Samsung Pay, Fitbit

Customer Reviews

How are Australian Military Bank credit cards rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of Australian Military Bank Low Rate Visa Credit Card

About Australian Military Bank

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0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

$59 $0 in the first year

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23.99% p.a.

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$195 $0 in the first year

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19.99% p.a.

No current offer

$299

Qantas Frequent Flyer

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23.99% p.a.

No current offer

$450

Qantas Frequent Flyer

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Explorer Credit Card

23.99% p.a.

No current offer

$395

Membership Rewards

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Velocity Platinum Card

23.99% p.a.

No current offer

$375

Velocity Frequent Flyer

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American Express

Qantas Discovery Card

23.99% p.a.

No current offer

$0

Qantas Frequent Flyer

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American Express

Low Rate Credit Card

10.99% p.a.

No current offer

$0

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American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

100,000

1.25 points up to 100,000 points/year, then
1 point uncapped

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G&C Mutual Bank

Platinum Visa Credit Card

Qantas Frequent Flyer

$299

50,000

1 point up to 20,000 points/month

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Qantas Rewards Premium Card

Qantas Frequent Flyer

$250 $150 in the first year

70,000

0.66 points up to $3,000/month, then
0.33 points up to $6,000/month

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American Express

Qantas Premium Card

Qantas Frequent Flyer

$249

20,000

1 point uncapped

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NAB

Rewards Signature Card

NAB Rewards

$295 $145 in the first year

160,000

1.25 points uncapped

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American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

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American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

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NAB

Qantas Rewards Signature Card

Qantas Frequent Flyer

$395 $295 in the first year

120,000

1 point up to $5,000/month, then
0.5 points up to $20,000/month

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NAB

Low Rate Card

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

13.49% p.a.

$59 $0 in the first year

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Citi

Premier Credit Card

0% p.a. for 6 months and then 22.24% p.a.

21.49% p.a.

$300 $150 in the subsequent years if you spend $48,000 on eligible purchases or cash advances in previous year., $150 in the first year

Citi Rewards Program

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Bank of Queensland

Blue Visa Credit Card

0% p.a. for 9 months and then 21.74% p.a.

0% p.a. for 9 months then 20.74% p.a.

$60

Q Rewards

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Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 24 months and then 20.99% p.a.

20.74% p.a.

$149 $0 in the first year

Velocity Frequent Flyer

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Bankwest

More Mastercard

0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)

19.99% p.a.

$100

Bankwest More Rewards

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NAB

Low Rate Card

13.49% p.a.

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

$59 $0 in the first year

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American Express

Low Rate Credit Card

10.99% p.a.

No current offer

$0

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HSBC

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12.99% p.a.

0% p.a. for 20 months and then 25.99% p.a. (2.00% balance transfer fee)

$99

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9.90% p.a.

No current offer

$59

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8.99% p.a.

0% p.a. for 6 months and then 8.99% p.a.

$59 $0 in the first year

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10.99% p.a.

No current offer

$0

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9.90% p.a.

No current offer

$59

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Low Rate Credit Card

8.99% p.a.

0% p.a. for 6 months and then 8.99% p.a.

$59 $0 in the first year

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Bank of Queensland

Blue Visa Credit Card

0% p.a. for 9 months then 20.74% p.a.

0% p.a. for 9 months and then 21.74% p.a.

$60

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Westpac

Flex Card

0% p.a.

No current offer

$120 $10 monthly fee waived if the outstanding balance on the previous statement is paid in full by the due date.

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NAB

StraightUp Card

n/a

No current offer

$240 $20/month - waived if no spend & no balance owing

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Community First Bank

n0w Credit Card

n/a

No current offer

$228 Monthly fee is waived if account has a $0 balance and if card isn't used during the calendar month.

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humm90

Platinum Mastercard

0% p.a. for 3 months then 25.80% p.a.

0% p.a. for 18 months and then 25.99% p.a. Use code BTMARACQ upon applying. to receive 0%pa on balance transfers for 18 months.

$99

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