Tend to carry a balance on your credit card and want a way to reduce the amount of interest you pay? With a super-low purchase rate of 9.39% p.a. and no late payment fees, the Bank Australia Low Rate Visa Credit Card could be just the no-frills credit card option that you're after!
Note: Bank Australia has temporarily closed applications for new Bank Australia customers.
If you're after a low-rate credit card, then a great place to start than with the Bank Australia Low Rate Visa's seriously low purchase rate of 9.39% p.a. This super competitive rate could make a big difference in minimising the amount of interest you pay if you're likely to carry a balance month to month.
You'll have to weigh up the annual card fee of $59 though, but this might be a small price to pay for reducing your interest and getting on top of your debt. Keep in mind though, this card doesn't come with any interest-free days.
As a part of the Visa network, the Bank Australia Low Rate Visa Credit Card comes with both Visa payWave and Visa checkout, and you’ll even be able to leave your physical card at home by using one of the eligible digital wallets on your smartphone including Apple Pay, Google Pay and Samsung Pay.
While you'll be free to use your card anywhere in the world where Visa is accepted, just beware that there is a 3.00% foreign exchange margin on overseas purchases.
If you tend to carry a balance, the low ongoing 9.39% p.a. purchase rate and lack of late payment fees could make the Bank Australia Low Rate Visa Credit Card a competitive option to consider.
Because the Bank Australia Low Rate Visa Credit Card doesn’t come with interest-free days it isn’t the ideal pick for consumers who pay their balances in full each month. If that sounds like you, then it may be worth comparing the Bank Australia Platinum Rewards Visa credit card instead.
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9.39% p.a. |
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none |
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No current offer |
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none |
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9.39% p.a. |
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0 |
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$59.00 |
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none |
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none |
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none |
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$0.00 |
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$3.50 |
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3.00% |
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$3.00 |
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$26.00 |
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none |
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$20.00 |
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2.5 |
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none |
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none |
Apple Pay, Google Wallet, Samsung Pay
Overall great bank, friendly service, really understanding of situations
Read full reviewOverall great bank, friendly service, really understanding of situations
I love it.
Read full reviewEasy to understand product with clear statements sent to you or online.
Read full reviewEasy to understand product with clear statements sent to you or online.
With exceptional service and support for this low rate credit card I couldn't be happier. Also it's value is unbeatable. I have yet to see another card that even comes close to thus type of value. I recommend this card and bank to all my friends.
Read full reviewWith exceptional service and support for this low rate credit card I couldn't be happier. Also it's value is unbeatable. I have yet to see another card that even comes close to thus type of value. I recommend this card and bank to all my friends.
Qantas Ultimate Card
23.99% p.a.
No current offer
$450
Qantas Frequent Flyer
Platinum Edge Credit Card
23.99% p.a.
No current offer
$195 $0 in the first year
Membership Rewards
Explorer Credit Card
23.99% p.a.
No current offer
$395
Membership Rewards
Velocity Platinum Card
23.99% p.a.
No current offer
$375
Velocity Frequent Flyer
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
Qantas Discovery Card
23.99% p.a.
No current offer
$0
Qantas Frequent Flyer
Velocity Escape Card
23.99% p.a.
No current offer
$0
Velocity Frequent Flyer
Qantas Ultimate Card
Qantas Frequent Flyer
$450
60,000
1.25 points up to 100,000 points/year, then
1 point uncapped
Platinum Visa Credit Card
Qantas Frequent Flyer
$299
50,000
1 point up to 20,000 points/month
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
Qantas Premium Card
Qantas Frequent Flyer
$249
20,000
1 point uncapped
Rewards Signature Card
NAB Rewards
$295 $145 in the first year
160,000
1.25 points uncapped
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
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
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
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
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
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
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
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
Low Rate Credit Card
12.99% p.a.
0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)
$99
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
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
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
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
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.
StraightUp Card
n/a
No current offer
$240 $20/month - waived if no spend & no balance owing
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.
Platinum Mastercard
0% p.a. for 3 months then 25.80% p.a.
No current offer
$99
