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Low interest credit cards

  • Low interest credit cards are a cheap way to manage your purchases if you, ahem, forget to pay off the total balance from time to time. While many credit cards charge 20% or more on purchases, low interest rates can save you hundreds of dollars a year.

  • Where can I find low interest credit cards?

    Most credit card providers now offer low interest rate deals - and they're perfect for people with a little credit debt, as you'll avoid disastrously high interest payments and pay off your debt faster. However, you'll usually encounter an annual fee and little in the way of a rewards program.

  • Do I need the lowest rate credit card or a balance transfer?

    Good question! So good, in fact, we can't answer it here. But with a couple of quick details our Credit Card Health Check tool can answer it in seconds (it's that much cleverer than us).

  • Can I apply online for a low rate credit card?

    Indeed you can - simply hit the 'go to site' button to the right of your low interest rate credit card and we'll shoot you through to an online credit card application with the provider.

Credit card comparisons on Mozo Rates updated daily

  • HSBC Low Rate Credit Card

    HSBC Low Rate Credit Card

    • Enjoy up to 55 days interest free on purchases
    • 0% p.a. BT for 15 months – T&Cs apply
    • Access to exclusive offers and special privileges, new customers who apply by 30 June 2017

    purchase rate

    13.25% p.a.

    annual fee

    $55

    balance transfer rate

    0% p.a. for 15 months and then 21.99% p.a. (2.00% balance transfer fee)

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    More info

    • Enjoy up to 55 days interest free on purchases
    • 0% p.a. BT for 15 months – T&Cs apply
    • Access to exclusive offers and special privileges, new customers who apply by 30 June 2017
    • Balance transfer rate: 0% p.a. for 15 months and then 21.99% p.a. (2.00% balance transfer fee)
    • Annual fee: $55
    • Purchase rate: 13.25% p.a.
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.99% p.a.
    • Fee for cash withdrawals: 3%, min $4.00
    • Rewards description:
    Overall rating

    5.5

    Based on 139 HSBC credit card reviews

    Need more information?
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    More info

  • NAB Low Rate Card

    NAB Low Rate Card

    • 0% p.a on balance transfers for 18 months (one off 3% BT fee)
    • Up to 55 days interest free on purchases
    • Secure online application and fast response

    purchase rate

    13.99% p.a.

    annual fee

    $59

    balance transfer rate

    0% p.a. for 18 months and then 21.74% p.a. (3.00% balance transfer fee)

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    More info

    • 0% p.a on balance transfers for 18 months (one off 3% BT fee)
    • Up to 55 days interest free on purchases
    • Secure online application and fast response
    • Balance transfer rate: 0% p.a. for 18 months and then 21.74% p.a. (3.00% balance transfer fee)
    • Annual fee: $59
    • Purchase rate: 13.99% p.a.
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.74% p.a.
    • Fee for cash withdrawals: 2%, Min $2.50
    • Rewards description:
    Overall rating

    7.2

    Based on 1409 NAB credit card reviews

    Need more information?
    Go to site

    More info

  • Bendigo Bank Basic Black

    Bendigo Bank Basic Black

    • Up to 44 days interest free
    • Interest calculated from statement date not purchase date
    • Android Pay and Protect+Pay security app

    purchase rate

    12.24% p.a.

    annual fee

    $45

    balance transfer rate

    Go to site

    More info

    • Up to 44 days interest free
    • Interest calculated from statement date not purchase date
    • Android Pay and Protect+Pay security app
    • Balance transfer rate:
    • Annual fee: $45
    • Purchase rate: 12.24% p.a.
    • Interest free days: 44
    • Interest rate on cash withdrawals: 12.24% p.a.
    • Fee for cash withdrawals: 0.50%, Min $3.25
    • Rewards description:
    Overall rating

    8.3

    Based on 212 Bendigo Bank credit card reviews

    Need more information?
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    More info

  • Westpac Low Rate - Exclusive Offer

    Westpac Low Rate - Exclusive Offer

    • 0% p.a on balance transfers for the first 24 months
    • Variable purchase rate of 13.49%p.a
    • Bank on-the-go with Westpac Mobile Banking

    purchase rate

    13.49% p.a.

    annual fee

    $59

    balance transfer rate

    0% p.a. for 24 months (2.00% balance transfer fee)

    Go to site

    More info

    • 0% p.a on balance transfers for the first 24 months
    • Variable purchase rate of 13.49%p.a
    • Bank on-the-go with Westpac Mobile Banking
    • Balance transfer rate: 0% p.a. for 24 months (2.00% balance transfer fee)
    • Annual fee: $59
    • Purchase rate: 13.49% p.a.
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.49% p.a.
    • Fee for cash withdrawals: 2%, Min $2.50, Max $150
    • Rewards description:
    Overall rating

    7.2

    Based on 1431 Westpac credit card reviews

    Need more information?
    Go to site

    More info

  • ANZ Low Rate

    ANZ Low Rate

    • $1,000 Minimum credit limit
    • 0% p.a on balance transfers for the first 16 months from approval (2% balance transfer fee)
    • Up to 55 days interest free on purchases

    purchase rate

    12.49% p.a.

    annual fee

    $58

    balance transfer rate

    0% p.a. for 16 months and then 21.74% p.a. (2.00% balance transfer fee)

    Go to site

    More info

    • $1,000 Minimum credit limit
    • 0% p.a on balance transfers for the first 16 months from approval (2% balance transfer fee)
    • Up to 55 days interest free on purchases
    • Balance transfer rate: 0% p.a. for 16 months and then 21.74% p.a. (2.00% balance transfer fee)
    • Annual fee: $58
    • Purchase rate: 12.49% p.a.
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.74% p.a.
    • Fee for cash withdrawals: 2%
    • Rewards description:
    Overall rating

    6.9

    Based on 1932 ANZ credit card reviews

    Need more information?
    Go to site

    More info

  • Bankwest Breeze Platinum MasterCard

    Bankwest Breeze Platinum MasterCard

    • 0% p.a. on balance transfers for 21 months (2% BT fee applies)
    • Complimentary Credit Card Travel Insurance (T&Cs apply)
    • No foreign transaction fees on online and overseas purchases

    purchase rate

    12.99% p.a.

    annual fee

    $99

    balance transfer rate

    0% p.a. for 21 months (2.00% balance transfer fee)

    Go to site

    More info

    • 0% p.a. on balance transfers for 21 months (2% BT fee applies)
    • Complimentary Credit Card Travel Insurance (T&Cs apply)
    • No foreign transaction fees on online and overseas purchases
    • Balance transfer rate: 0% p.a. for 21 months (2.00% balance transfer fee)
    • Annual fee: $99
    • Purchase rate: 12.99% p.a.
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.99% p.a.
    • Fee for cash withdrawals: 2%, Min $4.00
    • Rewards description:
    Overall rating

    7.7

    Based on 298 Bankwest credit card reviews

    Need more information?
    Go to site

    More info

  • Bankwest Breeze MasterCard

    Bankwest Breeze MasterCard

    • 0% p.a. on balance transfers for 21 months (2% BT fee applies)
    • Low ongoing purchase rate of 12.99% p.a
    • Up to 3 additional cardholders at no additional cost

    purchase rate

    12.99% p.a.

    annual fee

    $59

    balance transfer rate

    0% p.a. for 21 months (2.00% balance transfer fee)

    Go to site

    More info

    • 0% p.a. on balance transfers for 21 months (2% BT fee applies)
    • Low ongoing purchase rate of 12.99% p.a
    • Up to 3 additional cardholders at no additional cost
    • Balance transfer rate: 0% p.a. for 21 months (2.00% balance transfer fee)
    • Annual fee: $59
    • Purchase rate: 12.99% p.a.
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.99% p.a.
    • Fee for cash withdrawals: 2%, Min $4.00
    • Rewards description:
    Overall rating

    7.7

    Based on 298 Bankwest credit card reviews

    Need more information?
    Go to site

    More info

  • Westpac Low Rate

    Westpac Low Rate

    • 0% p.a on balance transfers for the first 12 months
    • 0% p.a purchase rate for 6 months
    • Bank on-the-go with Westpac Mobile Banking

    purchase rate

    0% p.a. for 6 months then 13.49% p.a.

    annual fee

    $59 $0 in the first year for existing Westpac customers

    balance transfer rate

    0% p.a. for 12 months

    Go to site

    More info

    • 0% p.a on balance transfers for the first 12 months
    • 0% p.a purchase rate for 6 months
    • Bank on-the-go with Westpac Mobile Banking
    • Balance transfer rate: 0% p.a. for 12 months
    • Annual fee: $59 $0 in the first year for existing Westpac customers
    • Purchase rate: 0% p.a. for 6 months then 13.49% p.a.
    • Interest free days: 55
    • Interest rate on cash withdrawals: 21.49% p.a.
    • Fee for cash withdrawals: 2%, Min $2.50, Max $150
    • Rewards description:
    Overall rating

    7.2

    Based on 1431 Westpac credit card reviews

    Need more information?
    Go to site

    More info

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