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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

  • MOZO EXPERTS CHOICE AWARDS 2016

    ME frank Credit Card

    ME frank Credit Card

    • Experts Choice Winner - Best Low Rate & Fee Free Credit Card
    • Low rate of 11.99% p.a on purchases and cash advances
    • Up to 55 days interest free on purchases

    purchase rate

    11.99% p.a.

    annual fee

    $0

    balance transfer rate

    Go to site

    More info

    • Experts Choice Winner - Best Low Rate & Fee Free Credit Card
    • Low rate of 11.99% p.a on purchases and cash advances
    • Up to 55 days interest free on purchases
    • Balance transfer rate:
    • Annual fee: $0
    • Purchase rate: 11.99% p.a.
    • Interest free days: 55
    • Interest rate on cash withdrawals: 11.99% p.a.
    • Fee for cash withdrawals: 2%, Min $4.00
    • Rewards description:
    Overall rating

    7.6

    Based on 47 ME credit card reviews

    Need more information?
    Go to site

    More info

  • BCU Classic

    BCU Classic

    • Credit Union of the Year by Money Magazine
    • Up to 55 days interest free
    • Fast approval

    purchase rate

    11.80% p.a.

    annual fee

    $40

    balance transfer rate

    Go to site

    More info

    • Credit Union of the Year by Money Magazine
    • Up to 55 days interest free
    • Fast approval
    • Balance transfer rate:
    • Annual fee: $40
    • Purchase rate: 11.80% p.a.
    • Interest free days: 55
    • Interest rate on cash withdrawals: 11.80% p.a.
    • Fee for cash withdrawals: $1.25
    • Rewards description:
    Overall rating

    9.1

    Based on 38 BCU credit card reviews

    Need more information?
    Go to site

    More info

  • Newcastle Permanent Value+

    Newcastle Permanent Value+

    • Competitive low interest rate
    • Up to 55 days interest free on purchases
    • Convenience of payWave~

    purchase rate

    11.49% p.a.

    annual fee

    $49

    balance transfer rate

    Go to site

    More info

    • Competitive low interest rate
    • Up to 55 days interest free on purchases
    • Convenience of payWave~
    • Balance transfer rate:
    • Annual fee: $49
    • Purchase rate: 11.49% p.a.
    • Interest free days: 55
    • Interest rate on cash withdrawals: 11.49% p.a.
    • Fee for cash withdrawals: 1.5%, Min $2.00
    • Rewards description:
    Overall rating

    8.3

    Based on 21 Newcastle Permanent credit card reviews

    Need more information?
    Go to site

    More info

  • Citibank Simplicity (Purchase Rate Offer)

    Citibank Simplicity (Purchase Rate Offer)

    • No annual fee, late fee or additional card holder fee
    • Low interest rate on purchases of 11.99% p.a. for up to 24 months
    • Up to 55 days interest free on purchases

    purchase rate

    11.99% p.a. for 24 months then 19.99% p.a.

    annual fee

    $0

    balance transfer rate

    Go to site

    More info

    • No annual fee, late fee or additional card holder fee
    • Low interest rate on purchases of 11.99% p.a. for up to 24 months
    • Up to 55 days interest free on purchases
    • Balance transfer rate:
    • Annual fee: $0
    • Purchase rate: 11.99% p.a. for 24 months then 19.99% p.a.
    • Interest free days: 55
    • Interest rate on cash withdrawals: 19.99% p.a.
    • Fee for cash withdrawals: 3.5%, min $3.50
    • Rewards description:
    Overall rating

    5.7

    Based on 379 Citibank 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 18 months
    • 1.0% p.a purchase rate for 12 months
    • Bank on-the-go with Westpac Mobile Banking

    purchase rate

    1.00% p.a. for 12 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 18 months

    Go to site

    More info

    • 0% p.a on balance transfers for the first 18 months
    • 1.0% p.a purchase rate for 12 months
    • Bank on-the-go with Westpac Mobile Banking
    • Balance transfer rate: 0% p.a. for 18 months
    • Annual fee: $59 $0 in the first year for existing Westpac customers
    • Purchase rate: 1.00% p.a. for 12 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

  • Coles Low Rate MasterCard

    Coles Low Rate MasterCard

    • Low ongoing purchase rate of 9.99% p.a.
    • Earn 0.5 flybuys points for every dollar spent on the card at Coles Supermarkets
    • Low annual fee of $49 p.a.

    purchase rate

    9.99% p.a.

    annual fee

    $49

    balance transfer rate

    0% p.a. for 6 months

    Go to site

    More info

    • Low ongoing purchase rate of 9.99% p.a.
    • Earn 0.5 flybuys points for every dollar spent on the card at Coles Supermarkets
    • Low annual fee of $49 p.a.
    • Balance transfer rate: 0% p.a. for 6 months
    • Annual fee: $49
    • Purchase rate: 9.99% p.a.
    • Interest free days: 62
    • Interest rate on cash withdrawals: 19.99% p.a.
    • Fee for cash withdrawals: 3%, Min $1.95
    • Rewards description:
    Overall rating

    6.8

    Based on 156 Coles credit card reviews

    Need more information?
    Go to site

    More info

  • ANZ Low Rate

    ANZ Low Rate

    • 0% p.a. first 18 months on balance transfers, plus 3% Balance Transfer fee
    • Low ongoing interest rate of 13.49% p.a. on purchases
    • Up to 55 days interest free on purchases

    purchase rate

    13.49% p.a.

    annual fee

    $58

    balance transfer rate

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

    Go to site

    More info

    • 0% p.a. first 18 months on balance transfers, plus 3% Balance Transfer fee
    • Low ongoing interest rate of 13.49% p.a. on purchases
    • Up to 55 days interest free on purchases
    • Balance transfer rate: 0% p.a. for 18 months and then 21.74% p.a. (3.00% p.a. balance transfer fee)
    • Annual fee: $58
    • Purchase rate: 13.49% 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

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