Anyone can apply for the Low Rate Visa Card, you don't need to be a member of the military to have an account with Australian Military Bank.
The card is connected the Visa network, so you can use the card in Australia or overseas wherever Visa is accepted. You can also just tap and go for purchases under $100 as the card has PayWave functionality. If you use the card overseas, you'll pay a 2.95% foreign exchange margin on purchases, which is standard for most credit cards.
Where this card offers real value is if you're looking to save money by transferring a balance from another credit card. It has a 0% balance transfer rate for 12 months, and unlike many other credit cards that revert to the cash advance rate after the balance transfer period, any remaining balance reverts to the low 10.99% purchase rate.
Who it's good for:
This credit card is suitable for a range of people, whether you're looking for a low rate card or want to get on top of your credit card debt and save on interest repayments.
You'll need to be at least 18 years old, a citizen or permanent resident of Australia and be currently employed or receiving regular income to apply.
There's a $10 late payment fee but this can be easily avoided by setting up automatic monthly repayments.