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Illawarra Credit Union Low Rate Credit Card

Advertiser disclosure
Purchase rate
8.99% p.a.
Balance transfer rate
No current offer
Annual fees
$50 $0 in the first year
Interest free days on purchases

Mozo editorial review Illawarra Credit Union Low Rate Credit Card - last updated: 15 October 2020

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What's hot
  • 8.99% purchase rate (15.88% cash advance rate)
  • Annual fee waived in first year
  • 2020 Mozo Experts Choice Award
What's not
  • $50 annual fee (after the first year)
Mozo snapshot

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 2020 Mozo Experts Choice Award for Best Low Rate Credit Card! 

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Key features

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).

Who is it good for

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.

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Any catches

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.


Rates and fees information correct as at 23 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.

8.99% p.a.


No current offer


15.88% p.a.




$0 in the first year














Payment options

Apple Pay, Google Pay, Samsung Pay

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Customer service

About Illawarra Credit Union