Australian Military Bank Low Rate Visa Credit Card

11.99% p.a.

0% p.a. for 12 months and then 11.99% p.a.

$49

n/a

Australian Military Bank Low Rate Visa Credit Card

11.99% p.a.

0% p.a. for 12 months and then 11.99% p.a.

$49

n/a

Mozo Review   Australian Military Bank Low Rate Visa Credit Card Review

Last updated: 17 October 2019.

What's hot:
  • 0% balance transfer rate for 12 months

  • Low 11.99% purchase rate

  • 45 interest free days

What's not:
  • $10 late payment fee

Mozo snapshot:

If you're in the market for a new credit card that has all the top features you'd want like a low purchase rate, low annual fee and 45 interest free days, then you can't go past Australian Military Bank's Low Rate Visa Credit Card. And if you're looking to save on credit card interest by switching cards, there's even better news - the Low Rate Visa Card also comes with a 0% balance transfer rate for 12 months, and low revert rate of 11.99%.

Key features:

The Low Rate Visa Card has an ongoing purchase rate of 11.99% which is up there with the lowest purchase rates in the market, so this could be a good credit card if you do tend to carry a balance. If you pay your balance off in full each month though, you'll get up to 45 days interest free. There is a $49 annual fee to weigh up though.

The card is connected the Visa network, so you can use it in Australia or overseas wherever Visa is accepted. You'll also be able to tap and go for purchases under $100 as the card has PayWave functionality. If you use the card overseas, you will pay a 2.95% foreign exchange margin on purchases, although this is relatively standard for most credit cards. 

Where the Low Rate Visa Card can offer some real value is if you're looking to save money by transferring a balance from another credit card. That's because it currently offers 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 will revert to the low 11.99% purchase rate. 

And before you ask, 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.
Who it's good for:

The Low Rate Visa Card could be 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 by making use of the handy balance transfer offer.

Any catches?

You'll need to be at least 18 years old, a citizen or permanent resident of Australia and currently be employed or receiving a regular income to apply. There's also a $10 late payment fee, but this can be easily avoided by setting up automatic monthly repayments. 

Details

Rates and fees information correct as at 17 November 2019 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 11.99% p.a.

  • none

  • 0% p.a. for 12 months and then 11.99% p.a.

  • no

  • 19.99% p.a.

  • 45

Fees
  • $49.00

  • none

  • none

  • none

  • $10.00

  • $4.50

  • 2.95%

  • $2.50

  • $35.00

  • $0.00

Features
  • $20.00

  • 2.0

  • yes

  • none

Payment options

In-App

Customer Reviews

How are Australian Military Bank credit cards rated by the Mozo community?

Overall customer rating
7.3/10
Price
6.8/10
Features
7.2/10
Customer service
7.7/10
Convenience
7.2/10
Trust
7.6/10

Latest reviews of Australian Military Bank Low Rate Visa Credit Card

  • Overall
    8/10
    Adequate

    Suits me!

    Suits me!

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    9/10

    Jon | New South Wales

    reviewed about 4 years ago

  • Overall
    5/10
    Ggjj

    Ggg

    Ggg

    Price
    8/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    7/10
    Trust
    7/10

    Rakesh | New South Wales

    reviewed about 4 years ago

  • Overall
    8/10
    hello

    Hello

    Hello

    Price
    8/10
    Features
    7/10
    Customer service
    6/10
    Convenience
    7/10
    Trust
    3/10

    Alex | Victoria

    reviewed over 4 years ago

  • Overall
    5/10
    ok

    ok

    ok

    Price
    6/10
    Features
    6/10
    Customer service
    5/10
    Convenience
    5/10
    Trust
    5/10

    Alexis | Queensland

    reviewed over 4 years ago

  • Overall
    7/10
    Good product overall.

    Good product not enough shop fronts.

    Good product not enough shop fronts.

    Price
    8/10
    Features
    5/10
    Customer service
    7/10
    Convenience
    6/10
    Trust
    7/10

    Bret | Tasmania

    reviewed over 4 years ago

Australian Military Bank

About Australian Military Bank

Australian Military Bank (previously known as ADCU) offers financial products to members of the Australian Defence Force, civilian employees, defence contractors and their families. As well as offering services to people associated with the defence force, the provider welcomes other individuals. Australian Military Bank offers a comprehensive range of saving and investment accounts, loans, insurance and financial advice especially designed for its members.

See Australian Military Bank credit cards

Promoted

Citi

Citi

Rewards Platinum Credit Card (Balance Transfer)

0% p.a. for 26 months and then 22.24% p.a. (1.50% balance transfer fee)

21.49% p.a.

$199 $0 in the first year

Promoted

ANZ

ANZ

Frequent Flyer Black

No current offer

20.24% p.a.

$425

Promoted

American Express

American Express

Velocity Escape Card

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

20.74% p.a.

$0

Promoted

Latitude

Latitude

Low Rate Mastercard

No current offer

9.89% p.a.

$69

Promoted

Citi

Citi

Rewards Signature Credit Card

0% p.a. for 15 months and then 22.24% p.a. (1.00% balance transfer fee)

21.49% p.a.

$395 $199 in the first year

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 6 months and then 20.99% p.a.

0% p.a. for 14 months then 20.74% p.a.

$129 $64 in the first year

Promoted

Latitude

Latitude

28 Degrees Global Platinum Mastercard

No current offer

21.99% p.a.

$0

Promoted

Citi

Citi

Clear Platinum Credit Card

0% p.a. for 9 months and then 22.24% p.a.

0% p.a. for 9 months then 14.99% p.a.

$99 $0 in the first year

Promoted

Citi

Citi

Rewards Platinum Credit Card (Bonus Points)

1 point per dollar on Visa, up to $10,000 per month

21.49% p.a.

$149 $49 in the first year

Promoted

American Express

American Express

Velocity Escape Card

0.75 points per dollar on Amex, uncapped

20.74% p.a.

$0

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0.66 points per dollar on Visa, up to $1,500 per month, then
0.5 points per dollar on Visa, uncapped

20.74% p.a.

$129 $64 in the first year

Promoted

ANZ

ANZ

Frequent Flyer Black

1 point per dollar on Visa, up to $7,500 per month, then
0.5 points per dollar on Visa, uncapped

20.24% p.a.

$425

Promoted

Citi

Citi

Rewards Platinum Credit Card (Balance Transfer)

1 point per dollar on Visa, up to $10,000 per month

21.49% p.a.

$199 $0 in the first year

Promoted

Suncorp

Suncorp

Clear Options Platinum

1.25 points per dollar on Visa, uncapped

20.74% p.a.

$129 $49 in the first year

Promoted

Heritage Bank

Heritage Bank

Platinum

0.002 points per dollar on Visa, uncapped

17.49% p.a.

$125 $0 when you spend over $35,000 p.a

Promoted

NAB

NAB

Qantas Rewards Signature Card

1 point per dollar on Visa, up to $5,000 per month, then
0.5 points per dollar on Visa, up to $20,000 per month

19.99% p.a.

$395 $295 in the first year

Promoted

Citi

Citi

Rewards Platinum Credit Card (Balance Transfer)

0% p.a. for 26 months and then 22.24% p.a. (1.50% balance transfer fee)

$199 $0 in the first year

21.49% p.a.

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 6 months and then 20.99% p.a.

$129 $64 in the first year

0% p.a. for 14 months then 20.74% p.a.

Promoted

Citi

Citi

Platinum Credit Card (Purchase Rate)

0% p.a. for 13 months and then 22.24% p.a. (1.00% balance transfer fee)

$149 $49 in the first year

0% p.a. for 13 months then 21.49% p.a.

Promoted

Suncorp

Suncorp

Clear Options Platinum

0% p.a. for 14 months and then 21.99% p.a.

$129 $49 in the first year

0% p.a. for 14 months then 20.74% p.a.

Promoted

American Express

American Express

Velocity Escape Card

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$0

20.74% p.a.

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 22 months and then 20.99% p.a. (1.00% balance transfer fee)

$129 $64 in the first year

20.74% p.a.

Promoted

Citi

Citi

Rewards Platinum Credit Card (Bonus Points)

0% p.a. for 15 months and then 22.24% p.a. (1.00% balance transfer fee)

$149 $49 in the first year

21.49% p.a.

Promoted

Latitude

Latitude

Low Rate Mastercard

9.89% p.a.

$69

No current offer

Promoted

Citi

Citi

Clear Platinum Credit Card

0% p.a. for 9 months then 14.99% p.a.

$99 $0 in the first year

0% p.a. for 9 months and then 22.24% p.a.

Promoted

Bankwest

Bankwest

Breeze Mastercard

9.90% p.a.

$79 $0 in the first year

0% p.a. for 6 months and then 9.90% p.a.

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 14 months then 20.74% p.a.

$129 $64 in the first year

0% p.a. for 6 months and then 20.99% p.a.

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

11.30% p.a.

$0

No current offer

Promoted

Bankwest

Bankwest

Breeze Platinum Mastercard

9.90% p.a.

$99 $0 in the first year

0% p.a. for 6 months and then 9.90% p.a.

Promoted

ME

ME

frank Credit Card

11.99% p.a.

$0

No current offer

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

$49 $0 in the first year

0% p.a. for 13 months and then 21.74% p.a.

Promoted

Latitude

Latitude

Low Rate Mastercard

9.89% p.a.

No current offer

$69

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 14 months then 20.74% p.a.

0% p.a. for 6 months and then 20.99% p.a.

$129 $64 in the first year

Promoted

Citi

Citi

Clear Platinum Credit Card

0% p.a. for 9 months then 14.99% p.a.

0% p.a. for 9 months and then 22.24% p.a.

$99 $0 in the first year

Promoted

Bankwest

Bankwest

Breeze Mastercard

9.90% p.a.

0% p.a. for 6 months and then 9.90% p.a.

$79 $0 in the first year

Promoted

Suncorp

Suncorp

Clear Options Platinum

0% p.a. for 14 months then 20.74% p.a.

0% p.a. for 14 months and then 21.99% p.a.

$129 $49 in the first year

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

11.30% p.a.

No current offer

$0

Promoted

Bankwest

Bankwest

Breeze Platinum Mastercard

9.90% p.a.

0% p.a. for 6 months and then 9.90% p.a.

$99 $0 in the first year

Promoted

Citi

Citi

Platinum Credit Card (Purchase Rate)

0% p.a. for 13 months then 21.49% p.a.

0% p.a. for 13 months and then 22.24% p.a. (1.00% balance transfer fee)

$149 $49 in the first year