Low Rate Visa card image

Bank Australia Low Rate Visa

Advertiser disclosure
Purchase rate
9.39% p.a.
Balance transfer rate
No current offer
Annual fees
Interest free days on purchases

Mozo editorial review Bank Australia Low Rate Visa - last updated: 17 August 2021

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What's hot
  • Low 9.39% p.a. purchase rate
  • $0 late payment fee
  • Pay with Apple Pay, Google Pay or Samsung Pay
What's not
  • No interest-free days
Mozo snapshot

Tend to carry a balance on your credit card and want a way to reduce the amount of interest you pay? With a super-low purchase rate of 9.39% p.a. and no late payment fees, the Bank Australia Low Rate Visa Credit Card could be just the no-frills credit card option that you're after!

Note: Bank Australia has temporarily closed applications for new Bank Australia customers. 

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Key features

If you're after a low-rate credit card, then a great place to start than with the Bank Australia Low Rate Visa's seriously low purchase rate of 9.39% p.a. This super competitive rate could make a big difference in minimising the amount of interest you pay if you're likely to carry a balance month to month.   

You'll have to weigh up the annual card fee of $59 though, but this might be a small price to pay for reducing your interest and getting on top of your debt. Keep in mind though, this card doesn't come with any interest-free days.  

As a part of the Visa network, the Bank Australia Low Rate Visa Credit Card comes with both Visa payWave and Visa checkout, and you’ll even be able to leave your physical card at home by using one of the eligible digital wallets on your smartphone including Apple Pay, Google Pay and Samsung Pay. 

While you'll be free to use your card anywhere in the world where Visa is accepted, just beware that there is a 3.00% foreign exchange margin on overseas purchases. 

Who is it good for

If you tend to carry a balance, the low ongoing 9.39% p.a. purchase rate and lack of late payment fees could make the Bank Australia Low Rate Visa Credit Card a competitive option to consider.

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Any catches

Because the Bank Australia Low Rate Visa Credit Card doesn’t come with interest-free days it isn’t the ideal pick for consumers who pay their balances in full each month. If that sounds like you, then it may be worth comparing the Bank Australia Platinum Rewards Visa credit card instead.


Rates and fees information correct as at 26 January 2022 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.

9.39% p.a.


No current offer


9.39% p.a.

















Applications temporarily closed for new Bank Australia customers.

Payment options

Apple Pay, Google Pay, Samsung Pay

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