Australian Military Bank Low Rate Visa Credit Card

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Get 0% p.a. on balance transfers for 12 months and a low variable interest rate on new purchases made with the Australian Military Bank Low Rate Visa.

This low rate credit card offers a competitive annual fee of $49 and a purchase interest rate of 11.99% p.a.

0% p.a.

Balance transfer rate

for 12 months

11.99% p.a.

Purchase rate

$49 p.a.

Annual fee

45 days

Interest free period

Details

Product NameAustralian Military Bank Low Rate Visa Credit Card
Balance transfer rate0% p.a. for 12 months
Balance Transfer Revert RatePurchase Rate (11.99% p.a.)
Purchase rate (p.a.)11.99% p.a.
Annual fee$49 p.a.
Interest Free Period45 days
Cash advance rate (p.a.)19.99% p.a.
Min credit limit$2,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)2.95% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationYes

Pros

  • Balance transfer offer of 0% p.a. for 12 months
  • A low variable purchase rate of 11.99% p.a.
  • Free additional cardholders

Cons

  • Offers only up to 45 days interest-free on purchases, compared to other cards with 55 days
Annual fee$49 p.a.
Minimum Monthly Repayment2% of the closing balance or $20, whichever is greater
Late Payment Fee$10
Foreign Currency Conversion Fee (Visa/Mastercard)2.95% of transaction value
Cash Advance Fee$4.50
Overseas ATM Withdrawal Fee$4.50
Additional Cardholder Fee$0

Expert review

Amy Bradney-George

Review by


Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

The Australian Military Bank Low Rate Visa is a straightforward credit card account that offers competitive rates and fees. If you have an existing home loan with Australian Military Bank, you could take advantage of a promotional interest rate of 9.99% p.a. with this card.

How to apply

You can apply for the Australian Military Bank Low Rate Visa online by completing a secure application form. Alternatively, you can apply over the phone by calling 1300 132 328 or by visiting a branch.

To get started, make sure you meet the following eligibility criteria and have all the documents and details required for the application.

Eligibility criteria

  • Australian Military Bank membership. You must be a member of Australian Military Bank to get this credit card. If you're not an existing member, you'll be signed up as part of the application process.
  • Residency status. You can apply for this card if you are an Australian permanent resident or citizen.

Card benefits

  • 0% p.a. balance transfer offer. If you have existing credit card debt, you can pay it off interest-free for the first 12 months that you have the Australian Military Bank Low Rate Visa by requesting a balance transfer at the time of your application. At the end of the introductory period, any remaining debt from the balance transfer will attract a variable interest rate of 11.99% p.a.
  • Low purchase rate. The Australian Military Bank Low Rate credit card's 11.99% p.a. variable interest rate is competitive with other low rate cards. You could also be eligible for a promotional interest rate of 9.99% p.a. if you have an existing Australian Military Bank home loan. Contact the bank to find out what's required for this rate to apply.

Rates & fees

  • Annual fee. This card's $49 annual fee is on the lower end of the scale but, if you don't want to pay a yearly account-keeping fee at all, you could compare no annual fee cards instead.
  • Interest-free days. If you pay the complete outstanding balance before the due date on each statement, you can get up to 45 days interest-free on purchases made with this card.

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8 Comments

  1. Default Gravatar
    Aberto
    June 27, 2019

    What do I have to do to transfer my credit card balance to the Military Bank credit card?

    • Avatarfinder Customer Care
      Jeni
      June 28, 2019

      Hi Alberto,

      Thank you for getting in touch with Finder.

      If you’re a new Australian Military Bank Low Rate Visa credit cardholder, you may call them to assist you over the phone on processing balance transfer. Please have both of your new and old credit cards handy. If you’re an existing Australian Military Bank Low Rate Visa credit cardholder, kindly reach them out to know if there are BT offers you may take advantage with.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  2. Default Gravatar
    martin
    June 17, 2019

    I am an ex service man and I wish to apply for a credit card, currently I have and ANZ credit card low interest and I find youre card will suit me better. How do I make payments to your bank when I live in NSW South coast ?
    Yours Sincerely
    Martin

    • Avatarfinder Customer Care
      Nikki
      June 18, 2019

      Hi Martin,

      Thanks for your question!

      It’s great to know that you are looking to apply for the Australian Military Bank Low Rate Visa Credit Card.

      You can make payments to your card by logging in to the online banking portal on the Australia Military Bank website.

      As a friendly reminder, read the eligibility criteria, features, and details of the card, as well as the Product Disclosure Statement and Terms and Conditions of the card before committing to the product.

      Hope this helps!

      Best,
      Nikki

  3. Default Gravatar
    Roger
    February 3, 2018

    Where are your branches in Adelaide. How can payments be made to the card.

    • Avatarfinder Customer Care
      Jonathan
      February 26, 2018

      Hi Roger, thanks for your inquiry.

      The Australia Military Bank branch in Adelaide is located at:

      RAAF Base Edinburgh
      Shopping Centre, McNamara Drive, RAAF Base Edinburgh, South Australia
      Edinburgh, SA 5111
      Australia

      You can make payments to your card by logging in to the online banking portal on the Australia Military Bank website. I have sent this link to your email.

      Best,

      Jonathan

  4. Default Gravatar
    John
    January 16, 2018

    Can I transfer from another card over to these guys?

    • Avatarfinder Customer Care
      Jhez
      January 16, 2018

      Hi John,

      Thank you for your comment.

      If you already have a credit card (or store card) debt that you’re paying off with another bank you can transfer the outstanding balance to Australian Military Bank through a balance transfer option. You may qualify for the 0% p.a. interest rate for 12 months on balance transfers which is an introductory offer if you request a balance transfer within 3 months from the card activation. The offer will run for 12 months, after which point the purchase rate will apply.

      Regards,
      Jhezelyn

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