Hume Bank Value Visa Card

Mozo snapshot:

What's not to love about a low rate credit card that won't cost you a cent in annual fees and has a low 11.95% ongoing purchase rate? Nothing. According to our experts, the Value Visa Card lives up to its name, as in took out a best No Annual Fee Credit Card Award at the 2019 Mozo Experts Choice Awards.

Key features:

The Hume Value Visa card comes with a low purchase rate of 11.95%. If you pay your balance off in full each month you'll get up to 55 interest free days. It has zero annual fees so, if you're looking to keep a credit card in your wallet for occasional purposes then this is a great choice as it won't cost you a cent in annual fees.  

The card is connected via the Visa network so you can make purchases in Australia and overseas whereever Visa is accepted. The card is chip enabled so for purchases under $100 you can just tap and pay. If you're using the card overseas or shopping online at international stores, there is a 2.85% foreign exchange margin on the AUD purchase amount. This is standard for many credit cards.

While cash advances are available with the Value Visa, the interest rate charged is higher at 19.95%. And unlike purchases, with cash advances there are no interest free days, you will start paying interest immediately.

You can get an additional card at no extra cost.

Who it's good for:

This card is best for people who want the option of a credit card but don't intend to use it a lot, or need rewards. This is because the card has no annual fee, and makes it effectively free if you aren't ever late with your repayments.