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 176 credit cards from 58 banks

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

  • We update credit card information on our site daily

    • American Express Low Rate Credit Card
      • 0.99% p.a. on balance transfers for the first 6 months
      • Low annual fee $65
      • You can add up to 4 supplementary cards with no annual fees
    • purchase rate

      11.99%

    • balance transfer rate

      0.99% for 6 months (1.00% handling fee)

    • annual fee

      $65

    • Go to site
    More info
    • Westpac Low Rate
      • 0% p.a. on balance transfers for 14 months, offer ends 22 June 2014
      • $45 annual fee
      • Up to 55 interest free days
    • purchase rate

      13.49%

    • balance transfer rate

      0.00% for 14 months

    • annual fee

      $45

    • Go to site
    More info
    • ANZ Low Rate
      • 0% p.a. on balance transfers for the first 12 months
      • Ongoing interest rate of 13.49% p.a. on purchases
      • Up to 55 days interest free on purchases
    • purchase rate

      13.49%

    • balance transfer rate

      0.00% for 12 months

    • annual fee

      $58

    • Go to site
    More info
    • Commonwealth Bank Low Rate Credit Card
      • Enjoy up to $200 cashback
      • Up to 55 days interest free on purchases
      • Limited time purchase rate, offer changing to 13.49% p.a. from 1 June 2014
    • purchase rate

      12.99%

    • balance transfer rate

      5.99% for 5 months and then 21.24%

    • annual fee

      $78$48 if CBA customer when applying

    • Go to site
    More info
    • Bankwest Breeze
      • 0% p.a. on balance transfer for 13 months
      • Australia's lowest ongoing MasterCard purchase rate at 11.99% p.a.
      • Up to 3 additional cardholders at no additional cost
    • purchase rate

      11.99%

    • balance transfer rate

      0.00% for 13 months

    • annual fee

      $59

    • Go to site
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    More info
    • St.George Vertigo
      • 0% for 14 months on balance transfers, offer ends 20 June 2014
      • Annual fee $55
      • Up to 55 interest free days on purchases
    • purchase rate

      13.24%

    • balance transfer rate

      0.00% for 14 months

    • annual fee

      $55

    • Go to site
    More info
    • Bank of Melbourne Vertigo
      • 0% for 14 months on balance transfers, offer ends 20 June 2014
      • Annual fee $55
      • Up to 55 interest free days on purchases
    • purchase rate

      13.24%

    • balance transfer rate

      0.00% for 14 months

    • annual fee

      $55

    • Go to site
    More info
    • Commonwealth Bank Low Rate Gold Credit Card
      • Enjoy up to $200 cashback
      • Up to 55 days interest free on purchases
      • Limited time purchase rate, offer changing to 13.49% p.a. from 1 June 2014
    • purchase rate

      12.99%

    • balance transfer rate

      5.99% for 5 months and then 21.24%

    • annual fee

      $120$90 if CBA customer when applying

    • Go to site
    More info
    • BankSA Vertigo
      • 0% for 14 months on balance transfers, offer ends 20 June 2014
      • Annual fee $55
      • Up to 55 interest free days on purchases
    • purchase rate

      13.24%

    • balance transfer rate

      0.00% for 14 months

    • annual fee

      $55

    • Go to site
    More info
    • ANZ Low Rate Platinum
      • 0% p.a. on balance transfers for the first 12 months
      • Ongoing interest rate of 13.49% p.a. on purchases
      • Enjoy complimentary travel and medical insurance
    • purchase rate

      13.49%

    • balance transfer rate

      0.00% for 12 months

    • annual fee

      $99

    • Go to site
    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.