Australian Military Bank Low Rate Visa Credit Card
Australian Military Bank Low Rate Visa Credit Card
Mozo Review Australian Military Bank Low Rate Visa Credit Card Review
Last updated: 18 October 2018.
What's hot:
Mozo Experts Choice Awards Winner 2018
0% balance transfer rate for 12 months
Low 10.99% purchase rate
What's not:
Late payment fee applies
Mozo snapshot:
If you're in the market for a new credit card that has all the top features you'd want like low purchase rate, low annual fee and 55 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 was recently awarded a 2018 Mozo Experts Choice Award in the balance transfer category for its 0% balance transfer rate for 12 months, and low revert rate of 10.99%.
Key features:
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.
Any catches?
There's 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 18 November 2018. 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
-
10.99% p.a.
-
none
-
0% p.a. for 12 months and then 10.99% p.a.
-
no
-
19.99% p.a.
-
55
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?
Latest reviews of Australian Military Bank Low Rate Visa Credit Card
- Overall8/10
Adequate
Suits me!
Read full review
Suits me!
Price8/10Features8/10Customer service8/10Convenience8/10Trust9/10Less
Jon | New South Wales
reviewed about 3 years ago
- Overall5/10
Ggjj
Ggg
Read full review
Ggg
Price8/10Features6/10Customer service6/10Convenience7/10Trust7/10Less
Rakesh | New South Wales
reviewed about 3 years ago
- Overall8/10
hello
Hello
Read full review
Hello
Price8/10Features7/10Customer service6/10Convenience7/10Trust3/10Less
Alex | Victoria
reviewed over 3 years ago
- Overall5/10
ok
ok
Read full review
ok
Price6/10Features6/10Customer service5/10Convenience5/10Trust5/10Less
Alexis | Queensland
reviewed over 3 years ago
- Overall7/10
Good product overall.
Good product not enough shop fronts.
Read full review
Good product not enough shop fronts.
Price8/10Features5/10Customer service7/10Convenience6/10Trust7/10Less
Bret | Tasmania
reviewed over 3 years ago
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.
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