On the hunt for a low rate credit card option? Say hello to the Illawarra Credit Union Low Rate Credit Card. This card not only comes with a low 8.99% purchase rate, but also offers up to 45 days interest free. While the card comes with a $50 annual fee, Illawarra Credit Union will waive it in the first year, so you won’t have to pay a cent in annual fees for 12 months!
Our experts loved this card so much they awarded it a 2023 Mozo Experts Choice Award for best Low Rate Credit Card.
No matter whether you’re after a credit limit of $500 or $25,000, the Low Rate Credit Card from Illawarra Credit Union is an attractive option for a range of credit card customers.
The card comes with a low 8.99% purchase rate, up to 45 interest free days and no fee if you opt to have a secondary cardholder. But that’s not all, Illawarra Credit Union will also waive the $50 annual fee in the first year.
Just bear in mind that if you take cash out of an ATM with this credit card, you’ll be slapped with a higher 15.88% cash advance rate and a $2 cash advance fee.
And while we are on the topic of fees, also remember there is a 3.00% overseas transaction fee, $20 late payment fee and a $50 annual fee (from the second year of holding the card and onwards).
The Illawarra Credit Union Low Rate Credit Card could be a good option for anyone looking at keeping their interest repayments to a minimum with a low interest rate. Plus, for those that love the digital way to pay, Apple Pay, Google Pay and Samsung Pay are available.
To be eligible for this credit card you must be over 18 years old, an Australian citizen or permanent resident and meet the credit lending guidelines set out by Illawarra Credit Union.
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8.99% p.a. |
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none |
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No current offer |
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none |
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15.88% p.a. |
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45 |
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$50.00 |
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$0 in the first year |
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none |
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none |
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$20.00 |
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$2.00 |
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3.00% |
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none |
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none |
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none |
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$20.00 |
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3.0 |
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none |
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none |
Apple Pay, Google Wallet, Samsung Pay
Qantas Ultimate Card
23.99% p.a.
No current offer
$450
Qantas Frequent Flyer
Platinum Edge Credit Card
23.99% p.a.
No current offer
$195 $0 in the first year
Membership Rewards
Explorer Credit Card
23.99% p.a.
No current offer
$395
Membership Rewards
Velocity Platinum Card
23.99% p.a.
No current offer
$375
Velocity Frequent Flyer
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Qantas Discovery Card
23.99% p.a.
No current offer
$0
Qantas Frequent Flyer
Velocity Escape Card
23.99% p.a.
No current offer
$0
Velocity Frequent Flyer
Qantas Ultimate Card
Qantas Frequent Flyer
$450
60,000
1.25 points up to 100,000 points/year, then
1 point uncapped
Platinum Visa Credit Card
Qantas Frequent Flyer
$299
50,000
1 point up to 20,000 points/month
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250 $150 in the first year
70,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
Qantas Premium Card
Qantas Frequent Flyer
$249
20,000
1 point uncapped
Rewards Signature Card
NAB Rewards
$295 $145 in the first year
160,000
1.25 points uncapped
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
120,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
Low Rate Card
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
13.49% p.a.
$59 $0 in the first year
Premier Credit Card
0% p.a. for 6 months and then 22.24% p.a.
21.49% p.a.
$300 $150 in the subsequent years if you spend $48,000 on eligible purchases or cash advances in previous year., $150 in the first year
Citi Rewards Program
Blue Visa Credit Card
0% p.a. for 9 months and then 21.74% p.a.
0% p.a. for 9 months then 20.74% p.a.
$60
Q Rewards
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 24 months and then 20.99% p.a.
20.74% p.a.
$149 $0 in the first year
Velocity Frequent Flyer
More Mastercard
0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)
19.99% p.a.
$100
Bankwest More Rewards
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Low Rate Credit Card
12.99% p.a.
0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)
$99
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
Low Rate Credit Card
8.99% p.a.
0% p.a. for 6 months and then 8.99% p.a.
$59 $0 in the first year
Blue Visa Credit Card
0% p.a. for 9 months then 20.74% p.a.
0% p.a. for 9 months and then 21.74% p.a.
$60
Flex Card
0% p.a.
No current offer
$120 $10 monthly fee waived if the outstanding balance on the previous statement is paid in full by the due date.
StraightUp Card
n/a
No current offer
$240 $20/month - waived if no spend & no balance owing
n0w Credit Card
n/a
No current offer
$228 Monthly fee is waived if account has a $0 balance and if card isn't used during the calendar month.
Platinum Mastercard
0% p.a. for 3 months then 25.80% p.a.
No current offer
$99
