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Low rate credit cards

  • Low rate credit cards are a cheap way to manage your purchases if you, ahem, forget to pay off the total balance from time to time. While many credit cards charge 20% or more on purchases, low interest rates can save you hundreds of dollars a year.

  • Where can I find low rate credit cards?

    Most credit card providers now offer low rate deals - and they're perfect for people with a little credit debt, as you'll avoid disastrously high interest payments and pay off your debt faster. However, you'll usually encounter an annual fee and little in the way of a rewards program.

  • Do I need the lowest rate credit card or a balance transfer?

    Good question! So good, in fact, we can't answer it here. But with a couple of quick details our Credit Card Health Check tool can answer it in seconds (it's that much cleverer than us).

  • Can I apply online for a low rate credit card?

    Indeed you can - simply hit the 'go to site' button to the right of your low interest rate credit card and we'll shoot you through to an online credit card application with the provider.

Credit card comparisons on MozoRates updated daily

  • NAB Low Rate Card

    NAB Low Rate Card

    • 0% p.a. on purchases for the first 12 months
    • 0% p.a on balance transfers for 12 months
    • Apply by 19 April 2015

    purchase rate

    0% for 12 months then 13.99%

    annual fee

    $59

    balance transfer rate

    0% for 12 months

    Go to site
    • 0% p.a. on purchases for the first 12 months
    • 0% p.a on balance transfers for 12 months
    • Apply by 19 April 2015
    Fees
    • Balance transfer rate: 0% for 12 months
    • Annual fee: $59
    • Purchase rate: 0% for 12 months then 13.99%
    • Balance transfer conditions:
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.74%
    • Fee for cash withdrawals: 1.75%, Min $1.75
    • Rewards description:
    Overall rating

    7.2

    Based on 631 NAB credit card reviews

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  • American Express Low Rate Credit Card

    American Express Low Rate Credit Card

    • 0.99% p.a. on balance transfers for the first 6 months
    • No annual fee
    • You can add up to 4 supplementary cards with no annual fees

    purchase rate

    11.99%

    annual fee

    $0

    balance transfer rate

    0.99% for 6 months (1.00% handling fee)

    Go to site
    • 0.99% p.a. on balance transfers for the first 6 months
    • No annual fee
    • You can add up to 4 supplementary cards with no annual fees
    Fees
    • Balance transfer rate: 0.99% for 6 months (1.00% handling fee)
    • Annual fee: $0
    • Purchase rate: 11.99%
    • Balance transfer conditions:
    • Interest free days: 55
    • Interest rate on cash withdrawals:
    • Fee for cash withdrawals:
    • Rewards description:
    Overall rating

    7.4

    Based on 125 American Express credit card reviews

    Need more information?
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  • Bank of Melbourne Vertigo Platinum

    Bank of Melbourne Vertigo Platinum

    • 0% p.a. on balance transfers for the first 20 months
    • 0% p.a on purchases for the first 3 months
    • $99 annual fee

    purchase rate

    0% for 3 months then 12.74%

    annual fee

    $99

    balance transfer rate

    0% for 20 months and then 21.49%

    Go to site
    • 0% p.a. on balance transfers for the first 20 months
    • 0% p.a on purchases for the first 3 months
    • $99 annual fee
    Fees
    • Balance transfer rate: 0% for 20 months and then 21.49%
    • Annual fee: $99
    • Purchase rate: 0% for 3 months then 12.74%
    • Balance transfer conditions:
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.49%
    • Fee for cash withdrawals: 2%, Min $2.50
    • Rewards description:
    Overall rating

    7.8

    Based on 32 Bank of Melbourne credit card reviews

    Need more information?
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  • Bankwest Breeze

    Bankwest Breeze

    • 0% p.a. on balance transfers for 4 months
    • Low ongoing purchase rate of 12.24% p.a
    • Up to 3 additional cardholders at no additional cost

    purchase rate

    12.24%

    annual fee

    $59

    balance transfer rate

    0% for 4 months

    Go to site
    • 0% p.a. on balance transfers for 4 months
    • Low ongoing purchase rate of 12.24% p.a
    • Up to 3 additional cardholders at no additional cost
    Fees
    • Balance transfer rate: 0% for 4 months
    • Annual fee: $59
    • Purchase rate: 12.24%
    • Balance transfer conditions:
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.99%
    • Fee for cash withdrawals: 2%, Min $4.00
    • Rewards description:
    Overall rating

    7.8

    Based on 130 Bankwest credit card reviews

    Need more information?
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  • ANZ Low Rate

    ANZ Low Rate

    • 0% p.a. on balance transfers for the first 16 months (2% balance transfer fee applies), apply by 5 May 2015
    • Low ongoing interest rate of 13.49% p.a. on purchases
    • Up to 55 days interest free on purchases

    purchase rate

    13.49%

    annual fee

    $58

    balance transfer rate

    0% for 16 months (2.00% handling fee)

    Go to site
    • 0% p.a. on balance transfers for the first 16 months (2% balance transfer fee applies), apply by 5 May 2015
    • Low ongoing interest rate of 13.49% p.a. on purchases
    • Up to 55 days interest free on purchases
    Fees
    • Balance transfer rate: 0% for 16 months (2.00% handling fee)
    • Annual fee: $58
    • Purchase rate: 13.49%
    • Balance transfer conditions:
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.74%
    • Fee for cash withdrawals: 2%
    • Rewards description:
    Overall rating

    7.2

    Based on 867 ANZ credit card reviews

    Need more information?
    Find out more

    More info

  • Westpac Low Rate - Online Only Offer

    Westpac Low Rate - Online Only Offer

    • 0% p.a. rate on balance transfers for 18 months when requested at card application
    • 0% p.a introductory purchase rate for the first 3 months
    • Online only offer for applications approved by 19 April 2015

    purchase rate

    0% for 3 months then 13.49%

    annual fee

    $59

    balance transfer rate

    0% for 18 months and then 21.49% (2.00% handling fee)

    Go to site
    • 0% p.a. rate on balance transfers for 18 months when requested at card application
    • 0% p.a introductory purchase rate for the first 3 months
    • Online only offer for applications approved by 19 April 2015
    Fees
    • Balance transfer rate: 0% for 18 months and then 21.49% (2.00% handling fee)
    • Annual fee: $59
    • Purchase rate: 0% for 3 months then 13.49%
    • Balance transfer conditions:
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.49%
    • Fee for cash withdrawals: 2%, Min $2.50, Max $150
    • Rewards description:
    Overall rating

    7.2

    Based on 681 Westpac credit card reviews

    Need more information?
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    More info

  • St.George Vertigo

    St.George Vertigo

    • 0% p.a. on balance transfers for the first 18 months
    • 0% p.a. on purchases for the first 3 months
    • Up to 55 interest free days on purchases

    purchase rate

    0% for 3 months then 13.24%

    annual fee

    $55

    balance transfer rate

    0% for 18 months and then 21.49%

    Go to site
    • 0% p.a. on balance transfers for the first 18 months
    • 0% p.a. on purchases for the first 3 months
    • Up to 55 interest free days on purchases
    Fees
    • Balance transfer rate: 0% for 18 months and then 21.49%
    • Annual fee: $55
    • Purchase rate: 0% for 3 months then 13.24%
    • Balance transfer conditions:
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.49%
    • Fee for cash withdrawals: 2%, Min $2.50
    • Rewards description:
    Overall rating

    6.9

    Based on 154 St.George credit card reviews

    Need more information?
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    More info

  • St.George Vertigo Platinum

    St.George Vertigo Platinum

    • 0% p.a. on balance transfers for the first 20 months
    • 0% p.a. on purchases for the first 3 months
    • $99 annual fee

    purchase rate

    0% for 3 months then 12.74%

    annual fee

    $99

    balance transfer rate

    0% for 20 months and then 21.49%

    Go to site
    • 0% p.a. on balance transfers for the first 20 months
    • 0% p.a. on purchases for the first 3 months
    • $99 annual fee
    Fees
    • Balance transfer rate: 0% for 20 months and then 21.49%
    • Annual fee: $99
    • Purchase rate: 0% for 3 months then 12.74%
    • Balance transfer conditions:
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.49%
    • Fee for cash withdrawals: 2%, Min $2.50
    • Rewards description:
    Overall rating

    6.9

    Based on 154 St.George credit card reviews

    Need more information?
    Find out more

    More info

  • Bankwest Breeze Gold

    Bankwest Breeze Gold

    • 0% p.a. on balance transfers for 4 months
    • Low ongoing purchase rate of 12.24% p.a
    • Up to 3 additional cardholders at no additional cost

    purchase rate

    12.24%

    annual fee

    $89

    balance transfer rate

    0% for 4 months

    Go to site
    • 0% p.a. on balance transfers for 4 months
    • Low ongoing purchase rate of 12.24% p.a
    • Up to 3 additional cardholders at no additional cost
    Fees
    • Balance transfer rate: 0% for 4 months
    • Annual fee: $89
    • Purchase rate: 12.24%
    • Balance transfer conditions:
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.99%
    • Fee for cash withdrawals: 2%, Min $4.00
    • Rewards description:
    Overall rating

    7.8

    Based on 130 Bankwest credit card reviews

    Need more information?
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    More info

  • ANZ Low Rate Platinum

    ANZ Low Rate Platinum

    • 0% p.a. on balance transfers for the first 16 months (2% balance transfer fee applies), apply by 5 May 2015
    • Ongoing interest rate of 13.49% p.a. on purchases
    • Enjoy complimentary overseas travel and medical insurance

    purchase rate

    13.49%

    annual fee

    $99

    balance transfer rate

    0% for 16 months (2.00% handling fee)

    Go to site
    • 0% p.a. on balance transfers for the first 16 months (2% balance transfer fee applies), apply by 5 May 2015
    • Ongoing interest rate of 13.49% p.a. on purchases
    • Enjoy complimentary overseas travel and medical insurance
    Fees
    • Balance transfer rate: 0% for 16 months (2.00% handling fee)
    • Annual fee: $99
    • Purchase rate: 13.49%
    • Balance transfer conditions:
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.74%
    • Fee for cash withdrawals: 2%
    • Rewards description:
    Overall rating

    7.2

    Based on 867 ANZ credit card reviews

    Need more information?
    Find out more

    More info

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