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: 11 September 2019.

What's hot:
  • Low 9.39% 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 one of the lowest purchase rates in the Mozo database 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.

Key features:


There's no better place to start than with the Low Rate Visa's seriously low purchase rate of 9.39%. This really is one of the lowest rates around, and it 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 will 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. The card also 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 it's good for:

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

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 balances in full each month. If that sounds like you, it may be worth comparing the Bank Australia Platinum Rewards Visa credit card instead. 

Details

Rates and fees information correct as at 8 December 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
  • 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
7.8/10
Price
7.4/10
Features
6.1/10
Customer service
8.1/10
Convenience
7.3/10
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 4 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 over 6 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.

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