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.

  • We compare 169 credit cards from 58 banks

  • You could save over $2000 by switching credit cards**

  • We update credit card information on our site daily

Low rate credit card comparisons on Mozo

    • Commonwealth Bank
      Low Rate Credit Card
      • 0% p.a. intro rate on purchases for 5 months
      • 5.99% p.a. on balance transfers for the first 5 months
      • Annual fee of $78 (or $48 for qualifying customers)
    • interest rate

      0.00% for 5 months then 12.99%

    • balance transfer rate

      5.99% for 5 months and then 21.24%


      annual fee

      $78

    • Go to site
    Click for more info
    • Victoria Teachers Mutual Bank
      Visa Platinum Credit Card
      • 0% p.a. Interest for 6 months on purchases and balance transfers for new customers
      • No annual fee for the first year
    • interest rate

      0.00% for 6 months then 9.99%

    • balance transfer rate

      0.00% for 6 months


      annual fee

      $84$0 in the first year

    • Go to site
    Click for more info
    • Commonwealth Bank
      Low Rate Gold Credit Card
      • 0% p.a. intro rate on purchases for 5 months
      • Annual fee of $120 (or $90 for qualifying customers)
      • 5.99% p.a. on balance transfers for the first 5 months
    • interest rate

      0.00% for 5 months then 12.99%

    • balance transfer rate

      5.99% for 5 months and then 21.24%


      annual fee

      $120

    • Go to site
    Click for more info
    • Bankwest
      Breeze Platinum
      • Low ongoing purchase rate of 11.99% p.a.
      • Free international travel insurance. No foreign exchange fee.
      • 0% p.a. purchase rate for 4 months
    • interest rate

      0.00% for 4 months then 11.99%

    • balance transfer rate

      0.00% for 6 months


      annual fee

      $99

    • Go to site
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    Click for more info
    • NAB
      Low Rate Card
      • 4.99% p.a. balance transfer offer for 6 months
      • $59 annual fee
      • 55 days interest free on purchases
    • interest rate

      13.99%

    • balance transfer rate

      4.99% for 6 months


      annual fee

      $59

    • Go to site
    Click for more info

  • ** Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.