Australian Mutual Bank Visa Credit Card

This credit card is made from recycled plastic and offers a low 10.49% interest rate for purchases.

The Australian Mutual Bank Visa is suited to anyone who wants a card from an ethical bank. The actual card is made from 82% recycled plastic – with new material mainly used for parts that can’t be recycled yet. As well as a competitive low interest rate of 10.49% p.a. for purchases, it has a $30 annual fee that’s also at the lower end of the scale for credit cards in Australia.

10.49% p.a.

Balance transfer rate

10.49% p.a.

Purchase rate

$30 p.a.

Annual fee

55 days

Interest free period

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Product NameAustralian Mutual Bank Visa Credit Card
Balance transfer rate10.49% p.a.
Purchase rate10.49% p.a.
Annual fee$30
Interest-free periodUp to 55 days on purchases
Cash advance rate15.49% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo


  • A low 10.49% p.a. interest rate on purchases and balance transfers
  • Up to 55 days interest-free on purchases
  • Access to Apple Pay, Google Pay & Samsung Pay


  • No rewards program and travel insurance
Bonus pointsN/A
Annual fee$30
Minimum monthly repayment2.5% of the closing balance or $20, whichever is greater
Late payment fee$15
Foreign currency conversion fee3%
Cash advance fee4% or $4, whichever is greater
Overseas cash advance fee4%
Overseas ATM withdrawal fee$4

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Australian Mutual Bank Visa is a no-frills credit card that gives you both low rates and a low annual fee. The 10.49% p.a. interest rate is on par with other low rate cards and applies to purchases and any debts you balance transfer to the account. You also get up to 55 days interest-free on purchases for each statement period, as long as you pay off the account’s closing balance by the statement due date.

How to apply

You can apply for the Australian Mutual Bank Low Rate Visa online by filling in a secure application form. To get started, make sure you meet the following eligibility requirements and have all the documents and details you need to complete the application.

Eligibility criteria

  • Australian residency status. You can apply for this card if you are an Australian permanent resident or citizen.
  • Employment details. You must have a regular, permanent income.

Card benefits

  • Low interest rate for purchases. You get a 10.49% p.a. interest rate for purchases and balance transfers made with this card, which is competitive with other low rate credit cards.
  • Recycled plastic card. The physical credit card has a plastic body that's made from 99% recycled PVC (polyvinyl chloride – a type of plastic). The main parts that aren't made of recycled materials are the inlay, magnetic strip, microchip and antenna, as there's no recycling option for these elements yet.

Rates & fees

  • Annual fee. The Australian Mutual Bank Visa credit card charges a relatively low annual fee of $30.
  • Cash advances. If you withdraw cash or use this card for any other cash advance transactions, you'll be charged a fee worth 4% of the transaction. Cash advances also attract an interest rate of 15.49% p.a. from the date they are made.

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