Bank Australia Low Rate Visa

9.39% p.a.

No current offer

$59

n/a

Bank Australia Low Rate Visa

9.39% p.a.

No current offer

$59

n/a

Mozo Review   Bank Australia Low Rate Visa Review

Last updated: 21 February 2018.

What's hot:
  • Low 9.39% purchase and cash advance rate

  • $0 late payment fee

  • Mozo Experts Choice Award Winner 2017

What's not:
  • No interest free days

Mozo snapshot:

Tend to carry a credit card balance and want to limit the amount of interest you pay? With one of the lowest purchase rates on the market at 9.39%, and no late payment fees, the Bank Australia Low Rate Visa Credit Card is a no frills option that gives you exactly what you need. So it’s really no wonder why our judges awarded it a 2017 Mozo Experts Choice Award for Best Low Rate Credit Card. 

Key features:

Not only will you be thrilled with minimising your interest payments through the low purchase rate, the card also comes with a low 9.39% cash advance rate, but be aware of the $3.50 cash advance fee.

The Bank Australia Low Rate Visa Credit Card comes with Visa payWave as well as Visa checkout, and you’ll be able to access both Apple and Google Pay. As part of the Visa network you’ll be free to use your card anywhere in the world where Visa is accepted, and with the competitive 2.00% foreign exchange margin you won’t be shortchanged on any overseas purchases.  

Be aware that there are no interest free days on the card, and it does come with a $59 annual fee.

Who it's good for:

If you tend to carry a balance, the low ongoing purchase rate and no late payment fee makes it a no-brainer.

Any catches?

Because the Bank Australia Low Rate Visa card doesn’t come with interest free days it isn’t the ideal pick for consumers who pay their balance in full each month.

If this sounds like you, instead compare cards with 44-55 interest free days in our comparison section here.

Details

Rates and fees information correct as at 19 September 2018.

Rates
  • 9.39% p.a.

  • none

  • No current offer

  • none

  • 9.39% p.a.

  • 0

Fees
  • $59.00

  • none

  • none

  • none

  • $0.00

  • $3.50

  • 3.00%

  • $3.00

  • $26.00

  • none

Features
  • $20.00

  • 2.5

  • none

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay

Customer Reviews

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

Overall customer rating
7.7/10
Price
7.3/10
Features
6.0/10
Customer service
8.1/10
Convenience
7.2/10
Trust
8.0/10

Latest reviews of Bank Australia Low Rate Visa

  • Overall
    6/10
    Easy to understand statements & low interest rate

    Easy to understand product with clear statements sent to you or online.

    Easy to understand product with clear statements sent to you or online.

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

    Roger | Victoria

    reviewed over 3 years ago

  • Overall
    9/10
    Unbeatable value with excellent service.

    With exceptional service and support for this low rate credit card I couldn't be happier. Also...

    With exceptional service and support for this low rate credit card I couldn't be happier. Also it's value is unbeatable. I have yet to see another card that even comes close to thus type of value. I recommend this card and bank to all my friends.

    Price
    10/10
    Features
    2/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Name not supplied | Victoria

    reviewed about 5 years ago

Bank Australia

About Bank Australia

Bank Australia is a customer owned bank. Formerly bankmecu, Bank Australia has over 130,000 customers which act as shareholders of the bank. It offers a full range of products including home loans, savings, credit cards and loan products, and because its shareholders are its customers, they benefit from lower rate and fees. Bank Australia also invests up to 4% of its profits in various community projects every year.

See Bank Australia credit cards