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 November 25, 2020
Search promoted credit cards below or do a full Mozo database search. Advertiser disclosure.
Hot DealLimited time cashback offer
Westpac Low Rate
13.74% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
CompareDetailsWestpac Low Rate
13.74% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Go to siteCompareDetailsDefence Bank Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
CompareDetailsDefence Bank Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
Go to siteCompareDetails
CUA Low Rate Credit Card
11.99% p.a.
0% p.a. for 20 months and then 21.74% p.a.
$49 $0 in the first year
CompareDetailsCUA Low Rate Credit Card
11.99% p.a.
0% p.a. for 20 months and then 21.74% p.a.
$49 $0 in the first year
Go to siteCompareDetailsNAB Low Rate Card
12.99% p.a.
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
CompareDetailsNAB Low Rate Card
12.99% p.a.
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
Go to siteCompareDetailsHot DealCashback offer
Bank of Melbourne Vertigo Platinum
Bank of Melbourne Vertigo Platinum
12.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$99
Go to siteCompareDetails
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