Purchase rate
6.99% p.a. for 6 months then 11.95% p.a.
Balance transfer rate
6.99% p.a. for 6 months and then 11.95% p.a.
Annual fees
Interest free days on purchases

Mozo editorial review BankVic Low Rate Visa - last updated: 2 June 2022

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What's hot
  • No annual fee
  • 6.99% introductory purchase rate
  • 44 interest free days
What's not
  • $15 late payment fee
Mozo snapshot

BankVic combines both low rates and low fees to make its Low Rate Visa credit card both extremely affordable upfront and low in ongoing costs. This credit card comes with a 6-month special 6.99% introductory purchase rate and no annual fee.  

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Key features

One of the most eye-catching features of BankVic’s Low Rate Visa credit card is its 6.99% introductory purchase rate that lasts for 6 months. After this, you’ll still only pay 11.95% interest on purchases and can avoid that cost entirely if you’re able to make the most of the 44 day interest-free period and pay your balance in full at the end of month. Another attractive aspect of this particular piece of plastic is the relatively low cash advance rate which also sits at 11.95% but keep in mind you need to pay the modest $1.80 cash advance fee when accessing cash with this card.

If you have outstanding debt on another credit card, BankVic also boast an introductory balance transfer rate of 6.99% for 6 months before reverting to the ongoing rate of 11.95%.

Another headline feature is the $0 annual card fee. BankVic have done away with the yearly credit card payment to make the Low Rate Visa easily accessible for its customers. The card does however come with a $15 late payment fee and a foreign exchange margin of 3.65% when using it during your overseas travels.

BankVic's Low Rate Visa also comes with a string of handy features that will make your everyday banking experience that little bit easier including Visa’s payWave feature, access to BankVic’s 24/7 online and telephone banking and the ability to schedule regular payments.

Who is it good for

If you’re after a card that you can get your hands on without having to pay any upfront costs, Low Rate Visa’s lack of an annual fee makes it an attractive option for you. Once you do have your hands on it, you’ll have the peace of mind of knowing that you’re paying super low rates while having access to a few convenient everyday banking features.

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Any catches

Just remember you’ll have to stump up $15 if you’re tardy with your repayments and if you lose your card, it’ll cost you $10 to replace.


Rates and fees information correct as at 13 August 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.

11.95% p.a.

6.99% p.a. for 6 months

6.99% p.a. for 6 months and then 11.95% p.a.


11.95% p.a.


















Payment options

Apple Pay, Google Pay

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