Low Rate Visa card image
Mini meca 2020

Auswide Bank Low Rate Visa

Advertiser disclosure
Purchase rate
8.05% p.a.
Balance transfer rate
No current offer
Annual fees
$50 $0 fee for under 25 years olds
Interest free days on purchases
55

Mozo editorial review Auswide Bank Low Rate Visa

Last updated: 5 November 2020.

binocular icon
What's hot
  • 2020 Mozo Experts Choice Award
  • 8.05% purchase rate
  • Purchase protection
  • $0 fee for under 25 year olds ($50 otherwise)
What's not
  • 3.00% foreign exchange margin
Mozo snapshot

If you’re looking for a little bit of extra help with your purchases, then the 2020 Mozo Experts Choice Award-winning Low Rate Visa credit card from Auswide Bank is an option you may want to consider. This low rate credit card comes with a couple of key features, like a low annual fee, up to 55 interest free days and free additional cards, all with a 8.05% purchase rate. 

key icon
Key features

The Auswide Bank Low Rate Visa purchase rate is a low 8.05% and comes with the pretty unique feature of tracking the RBA cash rate. That mean that your credit card interest rate will only ever go up or down when the Reserve Bank’s official cash rate does.

For anyone under 25 years old, the Auswide Bank Low Rate Visa also has no annual fee, this means the card be pretty much free if you manage to always pay off your balance on time. For everyone else, the annual fee is $50.

One nice bonus of the Auswide Bank Low Rate Visa is the Worldwide Accommodation Discounts. This deal gives you access to discounts on the over 1.3 million holiday properties listed on Agoda.com.

If you’d like to share this card account with your spouse, kids or other close family member, you can score an additional card at no extra cost.

You’ll also find getting to use your card easy, as you’ll have 24/7 access to your account to schedule payments, transfer funds and view your balance, as well as being able to make withdrawals from both domestic and international ATMs.

The card also comes with credit limits ranging from $500-$30,000. The credit limit you wind up with will depend on Auswide Bank’s lending criteria.


snapshot
Who is it good for

As the card has no annual fee for individuals under 25, and credit limits start as low as $500, this might be a good pick for young spenders just starting out, and looking for their very first piece of plastic.

question icon
Any catches

While there aren’t any major catches to be aware of, it’s always good to remember to pay off your credit card debt in full each pay cycle, so you avoid needing to pay interest on your purchases.


Details

Rates and fees information correct as at 2 March 2021 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
  • 8.05% p.a.

  • none

  • No current offer

  • yes

  • 8.05% p.a.

  • 55

Fees
  • $50.00

  • none

  • none

  • none

  • $20.00

  • $3.50

  • 3.00%

  • $0.00

  • $0.00

  • $0.00

Features
  • $30.00

  • 3.0

  • 4

  • none

Rewards privileges

Purchase Protection

Customer Reviews

How are Auswide Bank credit cards rated by the Mozo community?

Overall
9.0/10
Price
7.5/10
Features
6.5/10
Customer service
9.0/10
Convenience
9.3/10
Trust
9.3/10
Thumbnail icon for Auswide Bank

About Auswide Bank

No matter where you live in Australia, Auswide Bank is committed to delivering great products backed by exceptional service. Operating for nearly 50 years and formerly known as Wide Bay Australia, they offer competitive pricing and fully featured home and personal loans, credit cards, term deposits and savings accounts including access to an Australian-wide ATM network.

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