Move Bank brand new low rate credit card makes money moves
In news that will excite budget-conscious spenders, Move Bank has just launched a brand spanking new Low Rate Credit Card which joins the ranks of the lowest rate cards around.
The card, announced in January, was designed in response to customer feedback, its features include:
- A 8.99% p.a. purchase rate.
- Up to 45 interest-free days.
- A 12.99% p.a. cash advance rate
- A $0 annual fee in the first year, which then converts to a still low $59 after.
- A 6 month balance transfer period with 0% p.a. interest for those looking to clear any existing debt, which then converts to 8.99% p.a.
RELATED: Banks hike credit card rates
Why choose a low rate credit card?
Having a low rate card in your wallet means you usually won’t get all the bells and whistles like extra perks and a rewards scheme, but if you’re the type of person to occasionally carry a balance for a few months, a low-interest rate can be a lifesaver.
“While the best strategy is always to pay your credit card off in full before the due date, if you know you’re likely to carry a balance on you can minimise the impact interest has on your savings by choosing a card with a low rate. There’s a big difference between paying 8.99% interest and 24.99%,” said Mozo Director, Kirsty Lamont.
How does the Move Bank credit card match up to other low rate cards out there:
And if savvy spenders want to know anything, they’ll want to know how Move Bank’s Low Rate Credit Card compares to the lowest in our database:
| Credit Card | Purchase Interest Rate | Annual Fee | Interest Free Days |
| Move Bank Low Rate Credit Card | 8.99% p.a. | $0 ($59 after first year) | 45 |
| AMEX Low Rate Credit Card | 8.99% p.a. | $0 | 55 |
| Community First Credit Union McGrath Pink Visa | 8.99% p.a. | $40 | 55 |
| Easy Low Rate Visa Credit Card | 8.99% p.a. | $40 | 55 |
| Northern Inland Credit Union Low Rate Visa Credit Card | 8.99% p.a. | $0 | 0 |
Looking for a truly low rate credit card for yourself? Don’t miss the chance to compare a range of options to suit your monthly spend at the Mozo low rate credit card comparison hub.
5 low rate credit card offers - last updated 29 January 2022
- Apply By 28 Feb 2022
Bendigo Bank Low Rate Credit Card
0% p.a. on purchases for up to 18 months (Reverts to 11.99% p.a). Low annual fee of $45 and no fees for additional cardholders.
Purchase rate
0% p.a. for 18 months then 11.99% p.a.Balance transfer rate
No current offerAnnual fee
$45CompareCompareLow Rate Credit Card
0% p.a. on purchases for up to 18 months (Reverts to 11.99% p.a). Low annual fee of $45 and no fees for additional cardholders.
- Purchase rate
- 0% p.a. for 18 months then 11.99% p.a.
- Balance transfer rate
- No current offer
- Annual fee
- $45
- Purchase rate
- 0% p.a. for 18 months then 11.99% p.a.
- Intro purchase rate
- 0% p.a. for 18 months
- Balance transfer rate
- No current offer
- Cash advance
- 13.99% p.a.
- Interest free days on purchases
- 55
- Intro fee
- Foreign exchange margin
- 3.00%
- Annual card fee
- $45
- Late payment fee
- $15.00
- Cash advance fee
- 0.50%, Min $3.25
Read our Mozo Review to learn more about the Low Rate Credit Card
-
Virgin Money Low Rate Card
Receive a low 11.99% p.a purchase rate. 0% p.a on balance transfers for the first 15 months (1% BT fee applies). Get tap and pay feature, plus 55 days interest free. Loyal card holders could see annual fee waived in 2nd year (conditions apply).
Purchase rate
11.99% p.a.Balance transfer rate
0% p.a. for 15 months and then 21.69% p.a. (1.00% balance transfer fee)Annual fee
$99CompareCompareLow Rate Card
Receive a low 11.99% p.a purchase rate. 0% p.a on balance transfers for the first 15 months (1% BT fee applies). Get tap and pay feature, plus 55 days interest free. Loyal card holders could see annual fee waived in 2nd year (conditions apply).
- Purchase rate
- 11.99% p.a.
- Balance transfer rate
- 0% p.a. for 15 months and then 21.69% p.a. (1.00% balance transfer fee)
- Annual fee
- $99
- Purchase rate
- 11.99% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- 0% p.a. for 15 months and then 21.69% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.69% p.a.
- Interest free days on purchases
- 55
- Intro fee
- Foreign exchange margin
- 3.30%
- Annual card fee
- $99
- Late payment fee
- $30.00
- Cash advance fee
- 2.7%, Min $2.70
Read our Mozo Review to learn more about the Low Rate Card
- Featured Product
MoneyMe Freestyle Virtual Mastercard
Use your virtual card instantly once approved (typically within 60 minutes). Features include Tap n Pay with up to 55 days interest-free, transfer money to any bank account and exclusive access to MoneyMe perks. $0 annual fee for lower limits. Must be employed with decent credit history.
Purchase rate
16.99% p.a.Balance transfer rate
No current offerAnnual fee
$209 $0 - $149 based on credit limit, $5/month for balances over $20.CompareCompareFreestyle Virtual Mastercard
Use your virtual card instantly once approved (typically within 60 minutes). Features include Tap n Pay with up to 55 days interest-free, transfer money to any bank account and exclusive access to MoneyMe perks. $0 annual fee for lower limits. Must be employed with decent credit history.
- Purchase rate
- 16.99% p.a.
- Balance transfer rate
- No current offer
- Annual fee
- $209 $0 - $149 based on credit limit, $5/month for balances over $20.
- Purchase rate
- 16.99% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- No current offer
- Cash advance
- 16.99% p.a.
- Interest free days on purchases
- 55
- Intro fee
- Foreign exchange margin
- 2.99%
- Annual card fee
- $209 $0 - $149 based on credit limit, $5/month for balances over $20.
- Late payment fee
- $15.00
- Cash advance fee
Read our Mozo Review to learn more about the Freestyle Virtual Mastercard
-
Bankwest Breeze Mastercard
Enjoy 0% p.a on balance transfers for 15 months then 9.90% thereafter. No annual fee for the first year. Limited time only. Other fees, T&Cs apply. New Breeze Mastercard customers only.
Purchase rate
0% p.a. for 15 months then 9.90% p.a.Balance transfer rate
0% p.a. for 15 months and then 9.90% p.a.Annual fee
$49 $0 in the first yearCompareCompareBreeze Mastercard
Enjoy 0% p.a on balance transfers for 15 months then 9.90% thereafter. No annual fee for the first year. Limited time only. Other fees, T&Cs apply. New Breeze Mastercard customers only.
- Purchase rate
- 0% p.a. for 15 months then 9.90% p.a.
- Balance transfer rate
- 0% p.a. for 15 months and then 9.90% p.a.
- Annual fee
- $49 $0 in the first year
- Purchase rate
- 0% p.a. for 15 months then 9.90% p.a.
- Intro purchase rate
- 0% p.a. for 15 months
- Balance transfer rate
- 0% p.a. for 15 months and then 9.90% p.a.
- Cash advance
- 21.99% p.a.
- Interest free days on purchases
- 55
- Intro fee
- 0.0
- Foreign exchange margin
- 2.95%
- Annual card fee
- $49 $0 in the first year
- Late payment fee
- $25.00
- Cash advance fee
- 2%, Min $4.00
Read our Mozo Review to learn more about the Breeze Mastercard
-
Westpac Low Rate
Enjoy a super low rate of 13.74% with 55 days interest free plus 0% balance transfer for up to 28 months at 1% BT fee. No annual card fee for the first year, $59 thereafter. New Cards only. Offer ends February 24th 2022. T&C's and exclusions apply.
Purchase rate
13.74% p.a.Balance transfer rate
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)Annual fee
$59 $0 in the first yearCompareCompareLow Rate
Enjoy a super low rate of 13.74% with 55 days interest free plus 0% balance transfer for up to 28 months at 1% BT fee. No annual card fee for the first year, $59 thereafter. New Cards only. Offer ends February 24th 2022. T&C's and exclusions apply.
- Purchase rate
- 13.74% p.a.
- Balance transfer rate
- 0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
- Annual fee
- $59 $0 in the first year
- Purchase rate
- 13.74% p.a.
- Intro purchase rate
- -
- Balance transfer rate
- 0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 55
- Intro fee
- 0.0
- Foreign exchange margin
- 3.00%
- Annual card fee
- $59 $0 in the first year
- Late payment fee
- $15.00
- Cash advance fee
- 3%
Read our Mozo Review to learn more about the Low Rate
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