In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask an expert
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Australian Mutual Bank Visa Credit Card

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Australian Mutual Bank Visa Credit Card
Terms and conditions apply
Balance transfer rate with no balance transfer fee
10.49% p.a.
Purchase rate
10.49% p.a.
Annual fee
$30 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

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

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.


  • 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 and Samsung Pay


  • No rewards program and travel insurance

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask an expert

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.


Product details

Product Name Australian Mutual Bank Visa Credit Card
Balance transfer rate p.a. 10.49%
Purchase rate p.a. 10.49%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 15.49%
Min credit limit $1,000
Card type Visa


Available to temporary residents No
Joint application No


Bonus points N/A


Annual fee $30
Minimum monthly repayment 2.5% of the closing balance or $20, whichever is greater
Late payment fee $15
Foreign currency conversion fee 3%
Cash advance fee 4% or $4, whichever is greater
Overseas cash advance fee 4%
Overseas ATM withdrawal fee $4

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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